Form 8-K · Current Report · Filed 2024-03-15
Steel Dynamics Provides First Quarter 2024 Earnings Guidance
On March 15, 2024, Steel Dynamics, Inc. issued a press release providing first quarter 2024 earnings guidance of $3.51 to $3.55 per diluted share, reflecting expected stronger profitability in its steel and metals recycling operations but lower results in its steel fabrication operations. The company also announced a share repurchase program and an increase in its first quarter 2024 cash dividend.
- Filer
- Steel Dynamics Inc. STLD · NASDAQ
- Filed
- Accession
- 0001104659-24-034961
- CIK
- 0001022671
- Signal
- Low impactBasic Materials
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$132.16
Next session
+5.9%
Since filing
+90.1%
Latest close
$251.26
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from STLD reporting the same item, with the next session's move:
Exhibits (1)
About Steel Dynamics Inc.
Steel Dynamics Inc. is a leading American steel producer that plays a crucial role in the manufacturing and construction industries. Known for its vertically integrated business model, the company operates through a network of steel mills, production facilities, and supply chains that enhance efficiency and cost-effectiveness. Steel Dynamics Inc. specializes in flat-rolled steel products, long products, and various other related metals catering to industries such as automotive, construction, and industrial manufacturing. Founded in 1993 and headquartered in Fort Wayne, Indiana, Steel Dynamics has established itself as a significant player in the steel production sector through innovation and sustainability efforts, such as recycling and minimizing waste. The company significantly impacts the construction and infrastructure industries by providing essential materials for roads, bridges, and buildings. Its role extends to impacting global trade and market dynamics, particularly within the North American steel industry. Steel Dynamics Inc. continues to evolve its technological capabilities and product offerings, solidifying its importance in the global steel market as a reliable source of high-quality steel products.
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