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

Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top