Steel Dynamics (STLD) Q1 Earnings Top on Higher Selling Prices

Steel Dynamics, Inc. (STLD) logged first-quarter 2024 earnings of $3.67 per share, down from $3.70 in the year-ago quarter. It topped the Zacks Consensus Estimate of $3.54.Net sales in the first quarter were down around 4% year over year to $4,694 million. It missed the Zacks Consensus Estimate of $4,739.7 million.While STLD witnessed some steel order volatility early in the reported quarter, underlying steel demand was steady in the quarter. Solid demand led to near-record shipments and higher selling pric ...