Steel Dynamics raises Q1 2024 earnings guidance to $3.51-$3.55/share due to higher steel operation profitability.
Steel Dynamics (STLD) raised its Q1 2024 earnings guidance to $3.51 to $3.55 per diluted share, with stronger steel operation profitability due to increased shipments and earnings across the platform. The company's flat rolled steel operations, including its Sinton Texas Flat Roll Division, show improved performance. Automotive, non-residential construction, energy, and industrial sectors continue to lead demand.
March 15, 2024
4 Articles