Steel Dynamics Reports First Quarter 2024 Results
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Steel Dynamics (STLD) Tops Q1 EPS by 16c
April 23, 2024 4:32 PM EDTSteel Dynamics (NASDAQ: STLD) reported Q1 EPS of $3.67, $0.16 better than the analyst estimate of $3.51. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.74 billion.
Outlook
"We remain confident that market conditions are in place for domestic steel consumption to be strong throughout 2024," said Millett. "Order entry activity continues to be solid across all of our businesses and steel pricing has firmed. We believe North American steel consumption will increase in 2024, and that demand for lower-carbon emission, U.S. produced steel products coupled with lower imports will support steel... More
