Steel Dynamics, Inc. (STLD) said it expects fourth quarter earnings in the range of $2.60 to $2.64 per share. The company's prior year fourth quarter earnings were $3.61 per share.
The company noted that its fourth quarter profitability from the steel operations is expected to be lower than sequential third quarter results. Fourth quarter earnings from the metals recycling operations are expected to be comparable to sequential third quarter results. Earnings from the steel fabrication operations are expected to be lower compared to sequential third results.
The company plans to release its fourth quarter and full-year earnings on January 23, 2024.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.