Steel Dynamics Reports First Quarter 2023 Results
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Steel Dynamics (STLD) Tops Q1 EPS by 37c
April 19, 2023 4:32 PM EDTSteel Dynamics (NASDAQ: STLD) reported Q1 EPS of $4.01, $0.37 better than the analyst estimate of $3.64. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.95 billion.
Outlook:
"We remain confident that market conditions are in place for domestic steel consumption to be solid," said Millett. "Order entry activity continues to be strong across all of our businesses. We believe North American steel consumption will increase in 2023, and that demand for lower-carbon emission, U.S. produced steel products coupled with lower imports will support steel pricing. We believe the automotive,... More
