Steel Dynamics Reports Fourth Quarter and Annual 2020 Results
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Steel Dynamics (STLD) Tops Q4 EPS by 14c, Revenues Beat
January 25, 2021 4:31 PM ESTSteel Dynamics (NASDAQ: STLD) reported Q4 EPS of $0.97, $0.14 better than the analyst estimate of $0.83. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.53 billion.
The company reported fourth quarter 2020 net sales of $2.6 billion and net income of $188 million, or $0.89 per diluted share. Excluding the impact from the following items, the company's fourth quarter adjusted net income was $205 million, or $0.97 per diluted share:
Additional financing costs of $11 million, or $0.04 per diluted share, related to the company's October 2020 refinancing activities,Costs of approximately $14 million, or $0.05 per diluted share (net of... More