Steel Dynamics (STLD) Tops Q2 EPS by 4c

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Steel Dynamics Reports Record Second Quarter 2018 Financial Results

July 23, 2018 6:00 PM EDT

FORT WAYNE, Ind., July 23, 2018 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced second quarter 2018 financial results.  The company reported second quarter 2018 net sales of $3.1 billion and net income of $362 million, or $1.53 per diluted share.  Comparatively, prior year second quarter net income was $154 million, or $0.63 per diluted share, with net sales of $2.4 billion.  Sequential first quarter 2018 net income was $228 million, or $0.96 per diluted share, with net sales of $2.6 billion. 

"The team performed exceptionally well during the quarter," said Mark D. Millett, President and Chief... More