$STLD (Steel Dynamics Inc.)

$STLD {{ '2016-03-16T13:30:33+0000' | timeago}} • Announcement

Fort Wayne, Indiana-based steel producer $STLD said it expects 1Q16 dilued EPS in the range of $0.22-0.26 versus $0.13 reported in 1Q15. 1Q16 profitability from the company's steel operations is expected to be higher in comparison to 4Q15 results, based on improved shipments. Fabrication shipments are expected to slightly improve from 4Q15 levels.

$STLD {{ '2017-07-19T22:47:22+0000' | timeago}} • Announcement

$STLD remains optimistic that macroeconomic and market conditions are in place to benefit domestic steel consumption in the coming years. The company also believes that North American automotive steel consumption will be steady and that there will be additional growth in the energy and construction sectors.

$STLD {{ '2017-07-19T22:40:19+0000' | timeago}} • Announcement

Steel producer and metal recycler $STLD reported higher 2Q17 earnings, driven by steady steel demand from the automotive sector and surge in revenue. Net income increased 7.73% to $152.94MM or $0.63 per share from $141.96MM or $0.58 per share a year ago. Revenue for the quarter jumped 18.12% to $2.39Bil.

$STLD {{ '2017-07-05T16:39:54+0000' | timeago}} • Announcement

$STLD announced the expansion of its Structural and Rail Division located in Columbia City, Indiana.  The $75MM expansion will utilize excess melting and casting capability and further diversify its product portfolio and market sector exposure. The project is scheduled to be completed during 4Q18.

$STLD {{ '2017-06-16T12:43:25+0000' | timeago}} • Announcement

Steel company $STLD has forecast its 2Q17 EPS to be in the range of $0.60 to $0.64, higher than $0.58 the company recorded in 2Q16. Average steel product pricing is expected to increase in 2Q17. Steel Dynamics also declared a quarterly cash dividend of $0.1550 per share, payable on July 7, 2017, to shareholders of record as of June 30, 2017.

$STLD {{ '2017-04-04T12:11:03+0000' | timeago}} • Announcement

$STLD applauds the Trump Administration's issuance of an executive order on March 31, 2017, designed to improve duty collection. The executive order aims to close loopholes that some importers use to evade antidumping and countervailing duty collection.

$STLD {{ '2017-03-17T13:40:11+0000' | timeago}} • Announcement

$STLD's BoD declared a quarterly cash dividend of $0.1550 per common share, an 11% increase over its 2016 quarterly rate. The dividend is payable on or about April 10, 2017 to shareholders of record at the close of business on March 31, 2017.

$STLD {{ '2017-03-17T13:39:22+0000' | timeago}} • Announcement

$STLD expects 1Q17 EPS of $0.77-0.81, compared to 1Q16 EPS of $0.26 and sequential 4Q16 EPS of $0.08. The company's 1Q17 profitability from its steel operations is expected to meaningfully increase in comparison to sequential 4Q16 results, based on both higher shipments and metal spread expansion.

$STLD {{ '2017-02-03T14:32:47+0000' | timeago}} • Announcement

$STLD recently received contract for an expansion at its Roanoke Bar Division, located in Roanoke, Virginia to SMS group. With this $28MM investment, the Roanoke Bar Division plans to utilize its existing excess melting and casting capability to increase rolling capacity from the current 500,000 tons to over 600,000 tons per year.

$STLD {{ '2016-12-16T15:36:26+0000' | timeago}} • Announcement

$STLD's BoD declared a quarterly cash dividend of $0.14 per common share.  The dividend is payable to shareholders of record on December 31, 2016, and is payable on or about January 13, 2017.

$STLD {{ '2016-12-16T15:36:05+0000' | timeago}} • Announcement

For 4Q16, profitability for $STLD’s metals recycling platform is expected to be similar to 3Q16. Both ferrous and non-ferrous shipments are expected to be somewhat seasonally lower, and some ferrous metal margin contraction is also expected. 4Q16 fabrication metal spread is expected to improve while fabrication shipments are expected to decrease.

$STLD {{ '2016-12-16T15:35:38+0000' | timeago}} • Announcement

$STLD said 4Q16 profitability from its steel operations is expected to decrease significantly in comparison to 3Q16 results, based on lower shipments and metal spread compression. Lower steel shipments are expected for both flat and long product categories. 4Q16 average steel product pricing is expected to decrease.

$STLD {{ '2016-12-16T15:35:05+0000' | timeago}} • Announcement

$STLD said based on certain events that occurred in the fourth quarter related to its 82%-owned and idled Mining Resources JV, the company is in the process of assessing the associated asset carrying values.  As the analysis is still underway, no potential non-cash impairment charge impact has been included in the 4Q16 guidance range.

$STLD {{ '2016-12-16T15:34:30+0000' | timeago}} • Announcement

$STLD expects 4Q16 diluted EPS of $0.36-0.40, including estimated charges of $16.5MM before taxes, or approx. $0.04 per diluted share, related to debt refinancing and repayment activities. Excluding these charges, the company's estimated 4Q16 earnings guidance would have been in the range of $0.40-0.44 per diluted share.

$STLD {{ '2016-12-07T17:19:06+0000' | timeago}} • Announcement

$STLD received tenders from holders of $266.21MM in aggregate of its 6.125% senior notes due 2019, in connection with its cash tender offer. During 4Q, $STLD expects to recognize pretax charge of about $16MM, related to tender and call premiums and the associated write-off of non-cash deferred bond fees and other associated expenses.

$STLD {{ '2016-10-19T11:39:21+0000' | timeago}} • Announcement

$STLD's BoD authorized share repurchase program of up to $450MM of its common stock, effective immediately. The BoD canceled the previously authorized program.

$STLD {{ '2016-09-20T12:32:41+0000' | timeago}} • Announcement

For 3Q16, $STLD expects diluted EPS to be $0.63-0.67. This compares to diluted EPS of $0.25 in 3Q15. Also, the BoD declared a quarterly cash dividend of $0.14 per common share. This dividend is payable on or about October 14, 2016, to shareholders of record as of September 30, 2016.

$STLD {{ '2016-08-01T17:35:32+0000' | timeago}} • Announcement

$STLD said it completed the acquisition of Vulcan Threaded Products, Inc. The purchase price for Vulcan and its real estate assets is $114MM on a debt free, cash free basis, including $30MM of estimated working capital, and has been funded with available cash. The deal is expected to be immediately accretive to 2016 earnings & cash flow per share.

$STLD {{ '2016-07-18T22:36:10+0000' | timeago}} • Announcement

$STLD said it anticipates improved flat roll metal spreads in 3Q16. However, the company said it expects lower demand in long product steel category. The robust increase in 2Q16 long product group shipments was due, in part, to customers buying ahead of the significant scrap cost increase in May, the company said.

$STLD {{ '2016-07-18T22:31:00+0000' | timeago}} • Announcement

Steel producer $STLD reported a higher 2Q16 net income of $142 million, or $0.58 per diluted share, compared with earnings of $25.33MM, or $0.13 per share a year ago. Operating earnings, which increased over 94% to $256MM due to higher utilization of domestic flat roll steel, contributed to the strong quarter, the company said.

$STLD {{ '2016-07-01T09:41:07+0000' | timeago}} • Announcement

$STLD said that the Vulcan transaction is expected to be immediately accretive to 2016 earnings and cash flow per share. The deal is valued at about 5 times trailing 12-month March 31, 2016 EBITDA, excluding potential income tax-related benefits. $STLD expects to obtain all necessary regulatory approvals and complete the transaction by Aug. 2016.

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