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
Most Popular
Infographic: How Alaska Air Group (ALK) performed in Q1 2024
Alaska Air Group (NYSE: ALK) reported its first quarter 2024 earnings results today. Total operating revenue increased 2% year-over-year to $2.23 billion. Net loss amounted to $132 million, or $1.05 per
KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops
Kinder Morgan, Inc. (NYSE: KMI) reported higher adjusted earnings for the first quarter of 2024 despite a decrease in revenues. The energy infrastructure company also issued guidance for the full
What to expect when Altria (MO) reports first quarter 2024 earnings results
Shares of Altria Group, Inc. (NYSE: MO) stayed green on Wednesday. The stock has dropped 8% over the past one month. The tobacco giant is scheduled to report its first
