2023-01-25 21:41:23

Steel Dynamics Q4 Profit Decreases, but beats estimates

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By Rtt News

(RTTNews) - Steel Dynamics (STLD) reported a profit for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $634.86 million, or $3.61 per share. This compares with $1.09 billion, or $5.49 per share, in last year's fourth quarter.

Excluding items, Steel Dynamics reported adjusted earnings of $769 million or $4.37 per share for the period.

Analysts on average had expected the company to earn $3.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

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