Steel Dynamics Sees Q3 EPS $1.94-$1.98; Says Q3 Profitability From Steel Operations Is Expected To Be Meaningfully Lower Thank Sequential Q2 Results, Based On Lower Avg. Realized Pricing Within Flat Rolled Operations
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Steel Dynamics anticipates Q3 EPS between $1.94 and $1.98, with a significant decline in profitability from steel operations compared to Q2, due to lower average realized pricing in flat rolled operations.
September 16, 2024 | 8:31 pm
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Steel Dynamics forecasts Q3 EPS of $1.94-$1.98, with a significant decrease in profitability from steel operations compared to Q2, attributed to lower average realized pricing in flat rolled operations.
The announcement of lower profitability in Q3 compared to Q2, due to decreased pricing in flat rolled operations, suggests a negative short-term impact on Steel Dynamics' stock price. Investors may react to the anticipated decline in earnings performance.
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