Steel Dynamics (STLD) Reports Strong Q4 Prelim. EPS
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Price: $239.79 +1.14%
Revenue Growth %: +32.9%
Financial Fact:
Amortization of intangible assets: 7.21M
Today's EPS Names:
ANAB, ANIX, MNY, More
Revenue Growth %: +32.9%
Financial Fact:
Amortization of intangible assets: 7.21M
Today's EPS Names:
ANAB, ANIX, MNY, More
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Steel Dynamics, Inc. (Nasdaq: STLD) provided fourth quarter earnings guidance in the range of $0.18 to $0.22 per diluted share, which includes an expected favorable tax adjustment of approximately $0.06 per diluted share.
Excluding the tax adjustment, fourth quarter 2012 estimated results would have been in the range of $0.12 to $0.16 per diluted share, comparable to the company's third quarter adjusted 2012 earnings of $0.15 per diluted share, before charges of $0.09 per diluted share related to refinancing and asset impairment charges. The company reported earnings of $0.14 per diluted share in the fourth quarter of 2011.
*** The Street sees EPS of $0.11.
Fourth quarter overall steel shipments are expected to be fairly flat in comparison to the third quarter, as increases in sheet volume are expected to be somewhat offset by decreased shipments at the Roanoke Bar and Engineered Bar divisions, with customers continuing to maintain tight control over inventory. The combination of global economic and political uncertainty continues to impact customer confidence and buying patterns.
Metals recycling financial results are expected to show some improvement for the fourth quarter 2012, compared to the sequential quarter, as an anticipated decrease in ferrous shipments is expected to be more than offset by improved ferrous metal margins. Although at slightly lower levels, the company's fabrication operations are still expected to remain profitable for the quarter.
Excluding the tax adjustment, fourth quarter 2012 estimated results would have been in the range of $0.12 to $0.16 per diluted share, comparable to the company's third quarter adjusted 2012 earnings of $0.15 per diluted share, before charges of $0.09 per diluted share related to refinancing and asset impairment charges. The company reported earnings of $0.14 per diluted share in the fourth quarter of 2011.
*** The Street sees EPS of $0.11.
Fourth quarter overall steel shipments are expected to be fairly flat in comparison to the third quarter, as increases in sheet volume are expected to be somewhat offset by decreased shipments at the Roanoke Bar and Engineered Bar divisions, with customers continuing to maintain tight control over inventory. The combination of global economic and political uncertainty continues to impact customer confidence and buying patterns.
Metals recycling financial results are expected to show some improvement for the fourth quarter 2012, compared to the sequential quarter, as an anticipated decrease in ferrous shipments is expected to be more than offset by improved ferrous metal margins. Although at slightly lower levels, the company's fabrication operations are still expected to remain profitable for the quarter.
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