Steel Dynamics, Inc. (NASDAQ: STLD), a company engaged in steel production and metal recycling in North America, has provided guidance for the third quarter ending September 30, 2024.
- The company said it expects earnings in the range of $1.94 per share to $1.98 per share for the third quarter, compared to $3.47 per share in the prior-year quarter.
- Profitability from steel operations is expected to be meaningfully lower in Q3 than in the second quarter of 2024
- Q3 profit from metals recycling operations is expected to be in line with earnings generated in the preceding quarter
- Earnings from steel fabrication operations are expected to be moderately lower than in Q2 2024, based on an anticipated slight decline in average realized pricing
- The order backlog remains steady, extending into the first quarter of fiscal 2025 at attractive pricing levels
- The company repurchased $307 million, or 2%, of its common shares during the third quarter, through September 11, 2024
- The third quarter 2024 earnings report is expected to come on Wednesday, October 16, 2024, after the closing bell
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Important takeaways from Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The
Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the
Summary: Tesla (TSLA) reports Q1 2025 production, deliveries
Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products
