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Steel Dynamics ( (STLD) ) has shared an announcement.
Steel Dynamics has issued its fourth quarter 2024 earnings guidance, projecting earnings of $1.26 to $1.30 per diluted share, a decrease from the previous quarter and the same quarter last year. This downturn is attributed to lower average realized pricing, seasonal shipment reductions, and a significant unplanned outage at the Butler Flat Roll Division. Despite these challenges, the company anticipates higher earnings from its metals recycling operations and reports a stable order backlog in steel fabrication, with expectations for improved demand in 2025 supported by declining interest rates and U.S. infrastructure investments.
More about Steel Dynamics
Steel Dynamics is a leading domestic steel producer and metals recycler in North America, with operational facilities across the United States and Mexico. The company manufactures a variety of steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams, engineered special-bar-quality steel, and steel joists and deck, in addition to producing liquid pig iron and processing ferrous and nonferrous scrap.
YTD Price Performance: 4.15%
Average Trading Volume: 1,405,415
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.53B
For detailed information about STLD stock, go to TipRanks’ Stock Analysis page.
