Steel Dynamics (STLD) Misses Q3 EPS by 2c
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Steel Dynamics Reports Third Quarter 2016 Results
October 19, 2016 6:00 PM EDTFORT WAYNE, Ind., Oct. 19, 2016 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2016 financial results. Excluding a litigation settlement charge of approximately $5 million (pretax), third quarter 2016 adjusted net income was $160 million, or $0.65 per diluted share, on net sales of $2.1 billion. Including this charge, the company reported GAAP net income of $157 million, or $0.64 per diluted share.Â
The third quarter 2016 also included non-cash purchase accounting charges associated with the company's recent Vulcan acquisition of approximately $2 million (pretax). Comparatively, prior year third quarter net income was $61 million, or $0.25 per diluted... More
