Steel Dynamics Reports Fourth Quarter and Record Annual 2022 Results
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Steel Dynamics (STLD) Tops Q4 EPS by 60c
January 25, 2023 4:35 PM ESTSteel Dynamics (NASDAQ: STLD) reported Q4 EPS of $4.37, $0.60 better than the analyst estimate of $3.77. Revenue for the quarter came in at $4.83 billion versus the consensus estimate of $4.73 billion.
Outlook
"Customer order entry activity continues to be healthy across our businesses," said Millett. "Steel pricing has firmed, and our order activity and backlogs remain solid. We believe North American steel consumption will increase in 2023, and that demand for lower-carbon emission, U.S. produced steel products coupled with lower imports will support steel pricing. Our steel fabrication operation's order backlog also remains historically... More
