Steel Dynamics (STLD) Tops Q2 EPS by 2c
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Steel Dynamics Reports Second Quarter 2016 Results
July 18, 2016 6:00 PM EDTFORT WAYNE, Ind., July 18, 2016 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced second quarter 2016 net income of $142 million, or $0.58 per diluted share, on net sales of $2.0 billion.  Comparatively, prior year second quarter net sales were $2.0 billion, with adjusted net income of $53 million, or $0.22 per diluted share, which excludes certain non-cash inventory valuation adjustments and other costs primarily related to idling the company's Minnesota Operations. Sequential first quarter 2016 net sales were $1.7 billion, with net income of $63 million, or $0.26 per diluted share.
"During the second quarter 2016, continued positive momentum in the... More
