Steel Dynamics (STLD) Reports In-Line Q2 EPS

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Steel Dynamics Reports Second Quarter 2017 Results

July 19, 2017 6:00 PM EDT

FORT WAYNE, Ind., July 19, 2017 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced second quarter 2017 financial results.  The company reported second quarter 2017 net income of $154 million, or $0.63 per diluted share, with net sales of $2.4 billion.  Comparatively, prior year second quarter net income was $142 million, or $0.58 per diluted share, with net sales of $2.0 billion.  Sequential first quarter 2017 net income was $201 million, or $0.82 per diluted share, with net sales of $2.4 billion.

"The team delivered a solid performance for the second quarter 2017 despite hesitant customer order entry and significantly higher quarter-over-quarter steel... More