Steel Dynamics Analysts Increase Their Forecasts After Better-Than-Expected Earnings

Steel Dynamics Inc STLD posted better-than-expected third-quarter earnings, after the closing bell on Wednesday.Steel Dynamics posted quarterly GAAP earnings of $2.05 per share, beating market estimates of$1.97 per share. The company's quarterly sales came in at $4.34 billion versus expectations of$4.177 billion.“The teams achieved a solid third quarter 2024 performance across the platforms, with adjusted EBITDA of $557 million and cash flow from operations of$760 million,” said Mark D. Millett, Co-Found ...