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Stock Market & Financial Investment News

News Breaks
June 16, 2014
18:01 EDTSTLDSteel Dynamics sees Q2 EPS 28c-32c, consensus 32c
Profitability from the company's steel operations for the second quarter is expected to be higher in comparison to the sequential quarter earnings. Both shipments and metal spreads are expected to improve across the steel operating platform, despite significantly increased import activity. The first quarter winter weather-induced slowdown in the domestic market has subsided. Demand from key steel-consuming end markets is expected to continue to trend favorably, more notably in automotive, manufacturing and construction. Residential construction rebounded as more temperate climate conditions existed. In addition, increased demand for the company's structural steel and fabricated steel joist and decking products suggests the nonresidential construction market is also continuing a positive trend. Second quarter profitability from the company's fabrication operations is expected to continue to increase based on both improved volume and margins. Metals recycling financial results are also expected to improve for the second quarter when compared to the sequential quarter, based on higher shipments more than offsetting ferrous margin deterioration that occurred due to decreased selling values.
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April 20, 2015
18:04 EDTSTLDSteel Dynamics sees Q2 being 'transitional'
Mark Millett, CEO of Steel Dynamics stated, "As the expected reduction in steel import volume and sustained lower scrap costs occur, we anticipate improved results in Q2, and throughout the remainder of the year. We believe Q2 will be transitional, and the timing of recovery may be later in the quarter than originally anticipated, as imports have not declined as quickly as originally anticipated, but we are seeing positive signs. While we continue to strengthen our financial position through strong cash flow generation, and execute our long-term strategy, we are well-positioned to grow. Customer focus, coupled with our market diversification and low-cost operating platforms, support our ability to maintain our best-in-class performance. We believe we are poised to capitalize on meaningful growth opportunities, both near-term and in the future, that will benefit our customers, shareholders, employees and communities."
18:02 EDTSTLDSteel Dynamics reports Q1 adjusted EPS 17c, consensus 15c
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15:37 EDTSTLDNotable companies reporting after market close
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