Steel Dynamics issues 4th-qtr. earnings guidance
Dec 10, 2009 | 10:32 AM
| Corinna Petry
Steel Dynamics Inc. (SDI) said Thursday that it expects fourth-quarter earnings to be in a range of 10 to 20 cents per diluted share in contrast to a net loss of 45 cents per share in the fourth quarter of 2008 and net income of 30 cents in the third quarter this year.
Among the factors that have impacted quarterly earnings are lower shipments and margin compression at its metals recycling operations, caused by the sharp declines in transaction prices experienced early in the quarter, the Fort Wayne, Ind.-based mini-mill producer said.
"Encouragingly, though, recent order entry activity has been robust at our flat-rolled and special bar quality (SBQ) operations, and pricing has begun to move in a positive direction," Keith Busse, chairman and chief executive officer, said in a statement. "Yet, sustainability remains a question mark."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.