Steel Dynamics Gives Weak Q4 Outlook, But Says Business Remains Solid | Global News Avenue

Steel Dynamics (STLD) provided lower-than-expected guidance for the quarter, in part due to problems at one of its factories. However, the steelmaker’s shares have edged higher recently as the steelmaker expressed optimism about the outlook for industry conditions.

The company reported that it expects fourth-quarter Earnings per share (EPS) The range is $1.26 to $1.30. Analysts polled by Visible Alpha expected the stock to price at $1.60.

Steel Dynamics explained that earnings per share will be “significantly lower” than the $2.05 earned in the third quarter due to “lower average realized pricing, lower seasonal shipments, and unplanned outages at the company’s Butler Flat Coil division Sales volume was further reduced by an estimated 50,000 tons.”

Steel Dynamics says ‘demand remains seasonally stable’

Nonetheless, the company noted that flat steel prices have stabilized and “demand across major steel consuming industries remains seasonally stable” based on steady customer order activity. It added that its customers are optimistic about business prospects in 2025.

Steel Dynamics said it was confident of its earnings. cash flow future generation, it has repurchased Its common stock was valued at $250 million, or just over 1%, in the fourth quarter ended Dec. 10.

Steel Dynamics is scheduled to release its quarterly earnings report on Jan. 22, and the company’s shares are up about 4% this year.