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STLD

Steel Dynamics, Inc.

5/21/2013, 12:58 PM ET

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Wednesday, April 17, 7:45 PM More on Steel Dynamics (STLD): Q1 comes in largely in line, albeit slightly shy on total sales. Overall revenue declined 9.4% Y/Y as price remain weak, but net earnings rose 5.6% as the steel maker posted fewer one-off charges. Overall shipments rose 1.4% to 1.47M tons, while the average selling price per ton declined 9.8% to $789 from a year earlier. As a result, gross margin narrowed to 9.8% from 10.2%. Shares -1% AH. Comment! [Earnings, Commodities]
Wednesday, April 17, 6:03 PM Steel Dynamics (STLD): Q1 EPS of $0.21 in-line. Revenue of $1.8B misses by $0.01B. (PR) Comment! [Earnings, Breaking News]
Wednesday, April 17, 12:10 AM Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, CYS, EBAY, EPB, KMP, NE, SCSS, SLM, SNDK, STLD Comment! [Earnings, Breaking News]
Tuesday, April 16, 5:35 PM Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, CYS, EBAY, EPB, KMP, NE, SCSS, SLM, SNDK, STLD Comment! [Earnings]
Tuesday, March 19, 8:26 AM Steel Dynamics (STLD) issues downward guidance for Q1 earnings, seeing EPS of $0.17-$0.21 vs. analyst consensus $0.23, and expects shipments to remain fairly flat vs. Q4. The residential construction market is stronger, STLD says, and market optimism remains in place for improvement in non-residential construction demand. Comment! [Commodities]
Monday, March 4, 8:47 AM Steel Dynamics, Inc. (STLD) declares $0.11/share quarterly dividend, 7.4% increase from prior dividend of $0.10. Forward yield 2.96%. For shareholders of record Mar. 31. Payable Apr. 12. Ex-div date Mar. 28. (PR) Comment! [Dividends]
Monday, January 28, 6:11 PM Steel Dynamics (STLD): Q4 EPS of $0.27 beats by $0.12. Revenue of $1.71B beats by $0.02B. (PR) 1 Comment [Breaking News, Earnings]
Monday, January 28, 12:10 AM Notable earnings after Monday’s close: BMC, CE, IDTI, ILMN, MSPD, OLN, SANM, STLD, STX, VMW, YHOO, ZION Comment! [Earnings]
Sunday, January 27, 5:35 PM Notable earnings after Monday’s close: BMC, CE, IDTI, ILMN, MSPD, OLN, SANM, STLD, STX, VMW, YHOO, ZION 1 Comment [Earnings]
Tuesday, December 18, 2012, 9:11 AM Nucor (NUE) -1.5% premarket after issuing downside Q4 guidance, seeing EPS of $0.25-$0.30 vs. $0.34 analyst consensus estimate. NUE blames the decrease on a smaller LIFO credit and lower steel mill margins. Steel Dynamics (STLD) also -1.5% after issuing guidance late yesterday. Comment! [Commodities, On the Move]
Tuesday, December 18, 2012, 6:12 AM Steel Dynamics (STLD) declares $0.10/share quarterly dividend, in line with previous. Forward yield 2.91%. For shareholders of record Dec. 31. Payable Jan. 11. Ex-div date Dec. 27. (PR) Comment! [Dividends]
Monday, December 17, 2012, 7:19 PM Steel Dynamics (STLD) gives an update on its Q4, saying it anticipates overall steel shipments to be roughly flat compared with Q3 as economic and political uncertainty continue to impact buying patterns. The steel maker now expects Q4 earnings of around $0.18 to $0.22, which is still better than Street estimates of $0.11. Metal-recycling results are expected to improve compared with the previous quarter, as ferrous-metal margins strengthen. Shares -0.5% AH. Comment! [Commodities, Earnings]
Friday, December 14, 2012, 2:15 PM Steel stocks show solid gains following positive China PMI data; the steel sector often is the most responsive industry to Chinese PMI data. AKS +6.7%, X +6.4%, STLD +5.1%, CMC +3.4%, MT +3.2%, NUE +3%, CMC +2.8%, RS +2.6%, SCHN +2.4%. Iron ore and metallurgical coal stocks also benefit: CLF +4.6%, WLT +3.2%, RIO +3.2%, VALE +3.1%, BHP +1.3%. Comment! [Commodities, On the Move]
Tuesday, November 27, 2012, 4:15 PM Steel Dynamics (STLD -2.8%) finished lower today after saying it plans to spend around $27M to expand its carbon steel rail production by installing a state-of-the-art heat-treating system at its Structural and Rail Division in Columbia City, Indiana. When operational, the system will be capable of producing up to 350K tons of standard strength and head hardened plain, carbon steel rails for North America's railroad industry. Comment! [Commodities]
Tuesday, November 6, 2012, 2:16 PM Steel companies are advancing after AK Steel (AKS +6.5%) announced last night that it would increase prices for all carbon steel products by $50/ton. Also, Nucor (NUE +1.7%) enjoys a boost as its deal for a 50% working interest in gas wells to be drilled by Encana hedges against an expected future rise in U.S. natural gas prices. X +5.8%, SCHN +5.4%, STLD +4.7%. Comment! [Commodities, On the Move]
Wednesday, October 17, 2012, 6:04 PM Steel Dynamics (STLD): Q3 EPS of $0.15 beats by $0.02. Revenue of $1.12B misses by $660M. Shares -3.2% AH. (PR) Comment! [Earnings, On the Move]