Steel Dynamics Reports Third Quarter 2019 Results

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Steel Dynamics (STLD) Reports In-Line Q3 EPS

October 17, 2019 6:24 AM EDT

Steel Dynamics (NASDAQ: STLD) reported Q3 EPS of $0.69, in-line with the analyst estimate of $0.69. Revenue for the quarter came in at $2.53 billion versus the consensus estimate of $2.67 billion.

Outlook:

"Based on domestic steel demand fundamentals, we are constructive regarding 2020 North American steel market dynamics," said Millett. "We believe North American steel consumption will experience modest growth... More