Steel Dynamics (STLD) Q1 'Okay', Nomura Says; Notes Metal Spreads Risk

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Go back to Steel Dynamics (STLD) Q1 'Okay', Nomura Says; Notes Metal Spreads Risk

Steel Dynamics (STLD) Tops Q1 EPS by 2c

April 20, 2015 6:02 PM EDT

Steel Dynamics (NASDAQ: STLD) reported Q1 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.17 billion.

"The first quarter 2015 market environment was extremely challenging for our steel and metals recycling operations," said Mark D. Millett, Chief Executive Officer. "The elevated steel import volume and customer inventory overhang resulted in significantly lower first quarter 2015 steel shipments, which was the primary driver of a 44 percent... More