Steel Dynamics Reports Record Second Quarter 2021 Results
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Steel Dynamics (STLD) Misses Q2 EPS by 2c, Revenue Beats
July 19, 2021 4:31 PM EDTSteel Dynamics (NASDAQ: STLD) reported Q2 EPS of $3.40, $0.02 worse than the analyst estimate of $3.42. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.21 billion.
Outlook :
"We remain confident that macroeconomic and market conditions are in place to support strong domestic steel demand in 2021 and beyond," said Millett. "We continue to see strong steel demand coupled with extremely low customer steel inventories throughout the supply chain. The automotive sector continues to be strong, despite the electronic chip shortage, and other sectors such as construction, equipment and... More
