Steel Dynamics Reports Fourth Quarter and Record Annual 2018 Results

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Go back to Steel Dynamics Reports Fourth Quarter and Record Annual 2018 Results

Steel Dynamics (STLD) Tops Q4 EPS by 9c, Revenues Miss

January 22, 2019 6:48 AM EST

Steel Dynamics (NASDAQ: STLD) reported Q4 EPS of $1.31, $0.09 better than the analyst estimate of $1.22. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.96 billion.

Record steel shipments of 10.6 million tons and steel fabrication shipments of 642,000 tonsRecord net sales of $11.8 billion and operating income of $1.7 billionRecord net income of $1.3 billionRecord annual cash flow from operations of $1.4 billion and EBITDA of over $2.0 billionAdditional performance-based compensation of approximately $12 million, or $0.04 per diluted share, awarded to all non-executive, eligible employees in recognition... More