Steel Dynamics (STLD) Guides Q4 EPS of $2.60-$2.64

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Steel Dynamics (STLD) shares rally following 'better than expected' Q4 EPS guidance

December 15, 2023 11:52 AM EST

Steel Dynamics (NASDAQ: STLD) shares jumped Friday after the company provided fourth-quarter earnings guidance, stating that steel order activity remains solid, evidenced by extended order lead times and recent pricing increases heading into the first quarter of 2024.

The company sees its earnings for the fourth quarter between $2.60 and $2.64 per share, compared to the company's third-quarter earnings of... More