Steel Dynamics sees Q1 earnings below estimates, cites weather

Steel Dynamics (STLD) provides lower than expected Q1 EPS guidance of $0.13-$0.17 vs. $0.28 analyst consensus, blaming severe and prolonged winter weather conditions that have resulted in increased energy costs, diminished availability of transportation, reduced production and lower shipments.

Close peer Nucor issued a similar warning this morning.

STLD -0.9% AH.

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  • User 9461321
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    Vertical integration has not proven to be a successful strategy post 2008.
    18 Mar 2014, 10:26 PM Reply Like
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