Steel Dynamics (STLD) Issues Q2 EPS Outlook

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Steel Dynamics Provides Second Quarter 2015 Earnings Guidance and Announces Second Quarter Cash Dividend

June 22, 2015 7:30 AM EDT

FORT WAYNE, Ind., June 22, 2015 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today, the company provided second quarter 2015 adjusted earnings guidance in the range of $0.20 to $0.24 per diluted share, excluding the following items:

 Approximately $29 million, or $0.07 per diluted share, of expenses associated with the company's Minnesota Operations, including severance costs and non-cash inventory valuation adjustments related to idling these operations, and

 Approximately $9 million, or $0.02 per diluted share, of reduced earnings related to a furnace maintenance outage at Iron Dynamics that generally is required once every five years. 

Estimated second quarter... More