Steel Dynamics (STLD) Reports In-Line Q2 EPS

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Go back to Steel Dynamics (STLD) Reports In-Line Q2 EPS

Steel Dynamics Reports Second Quarter 2015 Results

July 20, 2015 6:00 PM EDT

FORT WAYNE, Ind., July 20, 2015 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:

Excluding non-controlling interests, approximately $29 million, or $0.07 per diluted share, of expenses associated with the second quarter 2015 long-term idle of company's Minnesota Operations. These costs include non-cash inventory valuation adjustments of approximately $21 million. Approximately $9 million, or $0.02 per diluted share, of reduced earnings related to a planned furnace maintenance outage at... More