Steel Dynamics Reports Record Third Quarter 2021 Results
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Steel Dynamics (STLD) Stock Gains after Record Q3 Results
October 18, 2021 5:28 PM EDTSteel Dynamics (NASDAQ: STLD) shares gained 1.7% after-hours Monday after the reported its Q3 results, with EPS coming in at $4.96, beating the consensus estimate of $4.57. Quarterly revenue was a record $5.1 billion (vs. $2.3 billion in Q3/20), better than the consensus estimate of $4.98... More
Steel Dynamics (STLD) Tops Q3 EPS by 39c
October 18, 2021 4:31 PM EDTSteel Dynamics (NASDAQ: STLD) reported Q3 EPS of $4.96, $0.39 better than the analyst estimate of $4.57. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.98 billion.
Outlook :
"Current market conditions are in place to support solid domestic steel demand for the fourth quarter and into 2022," said Millett. "Order entry activity continues to be robust across our businesses. We continue to see strong steel demand coupled with moderating, but still historically low customer inventories throughout the supply chain. These dynamics support continued elevated steel selling values. Domestic steel demand... More
