Citi downgrades Steel Dynamics (STLD) but remains positive on long-term outlook
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Steel Dynamics Provides First Quarter 2023 Earnings Guidance
March 15, 2023 8:01 AM EDTFORT WAYNE, Ind., March 15, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2023 earnings guidance in the range of $3.47 to $3.51 per diluted share. Excluding the impact from costs associated with the startup of the company's Sinton Texas Flat Roll Steel Mill growth investment of an estimated $78 million, or $0.31 per diluted share, the company expects first quarter 2023 adjusted earnings to be in the range of $3.78 to $3.82 per diluted share.
Comparatively, the company's sequential fourth quarter 2022 earnings were $3.61 per diluted share, and adjusted... More
