Steel Dynamics (STLD) Misses Q3 EPS by 2c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Steel Dynamics Reports Third Quarter 2016 Results
October 19, 2016 6:00 PM EDTFORT WAYNE, Ind., Oct. 19, 2016 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2016 financial results. Excluding a litigation settlement charge of approximately $5 million (pretax), third quarter 2016 adjusted net income was $160 million, or $0.65 per diluted share, on net sales of $2.1 billion. Including this charge, the company reported GAAP net income of $157 million, or $0.64 per diluted share.Â
The third quarter 2016 also included non-cash purchase accounting charges associated with the company's recent Vulcan acquisition of approximately $2 million (pretax). Comparatively, prior year third quarter net income was $61 million, or $0.25 per diluted... More
