Steel Dynamics, Inc. (STLD) logged second-quarter 2024 earnings of $2.72 per share, down from $4.81 in the year-ago quarter. The figure beat the Zacks Consensus Estimate of $2.67.Net sales in the second quarter were down around 8.8% year over year to $4,632.6 million. The top line surpassed the Zacks Consensus Estimate of $4,417.6 million. Segment HighlightsSTLD’s net sales from steel operations totaled $3,132 million in the reported quarter, down 9.2% year over year. Steel shipments amounted to approximate ...

Exhibit 99.1 7575 W. Jefferson Blvd. Fort Wayne, IN 46804 Press Release July 17, 2024 Steel Dynamics Reports Second Quarter 2024 Results FORT WAYNE, INDIANA, July 17, 2024 / PRNewswire / Second Quarter 2024 Performance Highlights: § Steel shipments of 3.2 million tons § Net sales of $4.6 billion, operating income of $559 million, net income of $428 million, and adjusted EBITDA of $686 million § Cash flow from operations of $383 million § Strong liquidity of $2.7 billion as of June 30, 2024 § Share repurchas ...

For the quarter ended June 2024, Steel Dynamics (STLD) reported revenue of $4.63 billion, down 8.8% over the same period last year. EPS came in at $2.72, compared to $4.81 in the year-ago quarter.The reported revenue represents a surprise of +4.87% over the Zacks Consensus Estimate of $4.42 billion. With the consensus EPS estimate being $2.67, the EPS surprise was +1.87%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Steel Dynamics (STLD) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $4.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.87%. A quarter ago, it was expected that this steel producer and metals recycler would post earnings of $3.54 per share when it actually produced earnings of $3.67, delivering a surprise of 3.67%.Over the last fou ...

In its upcoming report, Steel Dynamics (STLD) is predicted by Wall Street analysts to post quarterly earnings of $2.67 per share, reflecting a decline of 44.5% compared to the same period last year. Revenues are forecasted to be $4.42 billion, representing a year-over-year decrease of 13.1%.The consensus EPS estimate for the quarter has been revised 6.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates d ...

Steel Dynamics, Inc. (STLD) is set to release second-quarter 2024 results after the closing bell on Jul 17.Steel Dynamics’ earnings missed the Zacks Consensus Estimate in three of the last four quarters while beat once. It has a trailing four-quarter earnings surprise of roughly 0.5%, on average. The company posted an earnings surprise of around 3.7% in the last reported quarter. Its second-quarter results are likely to have been impacted by lower profitability in steel operations.Shares of STLD have gained ...

The market expects Steel Dynamics (STLD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 17, 2024, might help the stock move higher if these key numbers are be ...

FORT WAYNE, Ind., July 9, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release second quarter 2024 financial results after market close on Wednesday, July 17, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Thursday July 18, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice Pres ...

Steel Dynamics TodaySTLDSteel Dynamics$129.15 -0.35 (-0.27%) 52-Week Range$95.53▼$151.34Dividend Yield1.42%P/E Ratio8.87Price Target$129.63Add to WatchlistWhile most steel producer stocks are trading down in 2024, Steel Dynamics Inc. NASDAQ: STLD is an exception. Its stock is trading up 9.1% year-to-date (YTD). The VanEck Steel ETF (NYSEARCA: SLX) is down 9.67% YTD. Incidentally, a number of steel companies lowered their guidance, which caused their shares to sell off. On June 17, 2024, Steel Dynamics lower ...

In the latest market close, Steel Dynamics (STLD) reached $124.78, with a +0.96% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.49%.Shares of the steel producer and metals recycler witnessed a loss of 7.96% over the previous month, trailing the performance of the Basic Materials sector with its loss of 4.96% and the S&P 500's gain of 3.22%.M ...