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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.