Categories Earnings, LATEST, Other Industries

Steel Dynamics, Inc. (NASDAQ: STLD): Q4 2019 Earnings Snapshot

— Steel Dynamics, Inc. (NASDAQ: STLD) reported adjusted earnings of $0.62 per share for the fourth quarter of 2019, vs. $0.66 per share expected.

— Net income dropped to $121.4 million or $0.56 per share from $270 million or $1.18 per share in the fourth quarter of 2018

— Net sales decreased by 18% to $2.37 billion during the three-month period from $2.90 billion last year, vs. $2.47 billion expected

— Operating income from steel operations dropped 16% sequentially to $201 million, based on two planned steel mill outages

— Completed significant planned maintenance outages at Butler and Columbus Flat Roll divisions

— Average external product selling price for steel operations decreased sequentially to $764 per ton

— Generated strong Q4 cash flow from operations of $409 million and executed inaugural investment grade notes offering

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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