Steel Dynamics: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 04:51 PM ET
Last Updated - Apr 23, 2024, 04:52 PM EDT
FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Tuesday reported first-quarter earnings of $584 million.
The Fort Wayne, Indiana-based company said it had net income of $3.67 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.
The steel producer and metals recycler posted revenue of $4.69 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $4.74 billion.
