Steel Dynamics (STLD) Tops Q1 EPS by 2c
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Steel Dynamics Reports First Quarter 2016 Results
April 20, 2016 6:00 PM EDTFORT WAYNE, Ind., April 20, 2016 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2016 net income of $63 million, or $0.26 per diluted share, on net sales of $1.7 billion. Â Comparatively, prior year first quarter net sales were $2.0 billion, with adjusted net income of $40 million, or $0.17 per diluted share, which excluded the impact of call premium and other finance expenses associated with the March 2015 senior note repayment of $0.04 per diluted share. Sequential fourth quarter 2015 net sales were $1.6 billion, with adjusted net income of $22 million, or $0.09 per diluted share, which excluded the... More
