Steel Dynamics (STLD) Reports In-Line Q3 EPS

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Steel Dynamics Reports Third Quarter 2017 Results

October 18, 2017 6:00 PM EDT

FORT WAYNE, Ind., Oct. 18, 2017 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2017 financial results.  The company reported third quarter 2017 net sales of $2.4 billion and net income of $153 million, or $0.64 per diluted share, which includes debt refinancing and repayment charges of $0.02 per diluted share.  Excluding these items, the company's third quarter 2017 adjusted net income was $158 million, or $0.66 per diluted share.   

Comparatively, prior year third quarter net sales were $2.1 billion, with net income of $157 million, or $0.64 per diluted share, which includes a litigation settlement charge of approximately $5 million... More