Steel Dynamics Reports First Quarter 2015 Results
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Steel Dynamics (STLD) Q1 'Okay', Nomura Says; Notes Metal Spreads Risk
April 21, 2015 8:20 AM EDTNomura Securities analyst Curt Woodworth reiterated a Neutral rating and $20 price target on Steel Dynamics (NASDAQ: STLD) following Q1 results, calling the quarter okay but metal spreads at risk in Q2.
"We remain concerned by ongoing deterioration in both long and flat product prices against a backdrop of... More
Steel Dynamics (STLD) Tops Q1 EPS by 2c
April 20, 2015 6:02 PM EDTSteel Dynamics (NASDAQ: STLD) reported Q1 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.17 billion.
"The first quarter 2015 market environment was extremely challenging for our steel and metals recycling operations," said Mark D. Millett, Chief Executive Officer. "The elevated steel import volume and customer inventory overhang resulted in significantly lower first quarter 2015 steel shipments, which was the primary driver of a 44 percent... More
