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Steel Dynamics Inc (STLD.O)

STLD.O on Nasdaq

34.51USD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Steel Dynamics says awarded contract for expansion at its Roanoke bar division
Thursday, 2 Feb 2017 11:00am EST 

Steel Dynamics Inc : Steel Dynamics Inc - awarded contract for an expansion at its Roanoke bar division, located in Roanoke, Virginia to SMS Group . Steel Dynamics Inc says commissioning is expected to commence at end of 2017 .Steel Dynamics Inc- after upgrade, Roanoke bar division expects to increase production of REBAR to over 200,000 tons per year.  Full Article

Steel Dynamics settles previously announced tender offer
Tuesday, 6 Dec 2016 02:30pm EST 

Steel Dynamics Inc : Steel Dynamics - as of Dec. 5, co received tenders from holders of $266.2 million in aggregate principal amount of its 6.125 pct senior notes due 2019 . Redemption price for remaining outstanding 2019 notes will be at 103.063% . Steel Dynamics Inc - during Q4, company expects to recognize pretax charges of approximately $16 million, related to tender and call premiums .Steel dynamics announces settlement of previously announced tender offer and redemption call for the remainder of its 6.125 pct senior notes due 2019.  Full Article

Sims Metal Management says sale of assets in North America Metals, Central Region
Friday, 12 Aug 2016 05:00pm EDT 

Sims Metal Management Ltd : Sale is related principally to selected metals recycling facilities located in Tennessee and Mississippi . Sims metal management announces sale of assets in North America Metals, Central Region .Says sale of certain metals recycling assets in Central Region of North America to Steel Dynamics, Inc..  Full Article

Steel Dynamics Q2 earnings per share $0.58
Monday, 18 Jul 2016 06:00pm EDT 

Steel Dynamics Inc : During Q2 2016, saw continued positive momentum in flat roll steel supply environment . Saw improved volumes and profitability in our metals recycling platform for Q2 2016 . Steel dynamics reports second quarter 2016 results . Q2 earnings per share $0.58 . Q2 sales $2.0 billion versus I/B/E/S view $2.04 billion . Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.22 excluding items . Anticipate improved flat roll metal spreads in Q3 2016 . Domestic steel demand outlook is relatively unchanged .Ferrous scrap demand improved in Q2.  Full Article

Steel Dynamics to acquire Vulcan Threaded Products
Thursday, 30 Jun 2016 03:50pm EDT 

Steel Dynamics Inc : Steel Dynamics to acquire Vulcan Threaded Products to expand SBQ finishing capabilities . Transaction is expected to be immediately accretive to 2016 earnings and cash flow per share. . Purchase price will be paid in cash from available funds .Co to purchase vulcan for $126 million, inclusive of $42 million in working capital, which is subject to typical post-closing adjustments..  Full Article

Steel Dynamics expect Q2 2016 EPS of $0.53 to $0.57
Monday, 13 Jun 2016 07:00am EDT 

Steel Dynamics Inc : Sees Q2 2016 earnings per share $0.53 to $0.57 . Steel Dynamics provides second quarter 2016 guidance and announces second quarter 2016 cash dividend . Sees Q2 2016 earnings per share $0.53 to $0.57 . Sets quarterly cash dividend of $0.14 per share . Metals recycling platform is expected to achieve higher sequential Q2 2016 earnings . Says Q2 2016 fabrication shipments are expected to remain consistent sequentially .Q2 profitability from steel operations expected to be almost double sequential Q1, based on both improved metal spread and shipments.  Full Article

Steel Dynamics Inc announces third quarter cash dividend
Friday, 18 Sep 2015 06:00pm EDT 

Steel Dynamics Inc:Declared a quarterly cash dividend of $0.1375 per common share.Payable on or about October 9 to shareholders of record date as on September 30.  Full Article

Steel Dynamics Inc gives Q3 2015 EPS guidance below analysts' estimates
Friday, 18 Sep 2015 06:00pm EDT 

Steel Dynamics Inc:Expects Q3 2015 adjusted earnings guidance in the range of $0.20 to $0.24 per diluted share.Q3 2015 EPS of $0.31 - Thomson Reuters I/B/E/S.  Full Article

Steel Dynamics, Inc to expand its fabrication operations with decking asset acquisition
Monday, 14 Sep 2015 06:00pm EDT 

Steel Dynamics, Inc:To expand its fabrication operations with decking asset acquisition.Deal for $45 million.Says transaction, which is valued below asset replacement cost, is expected to be accretive to 2015 earnings and cash flow per share.Assets will become a part of steel dynamic's fabrication operations through unit, new millennium building systems, llc.Says purchased assets include three decking facilities located in Memphis, Tennessee; Phoenix, Arizona; and terrell, Texas.Production of specialty deck is currently planned to be concentrated in Memphis, where a paint line is already in place.Purchased from consolidated systems certain of steel decking facilities and net working capital of approximately $30 million.Says business and commercial integration with nmbs will begin immediately.Purchased from consolidated systems inc, certain steel decking facilities, net working capital of about $30 million.  Full Article

Steel Dynamics, Inc declares quarterly cash dividend
Tuesday, 23 Jun 2015 04:00pm EDT 

Steel Dynamics, Inc:Says that it has declared a quarterly cash dividend of $0.1375 per common share.The dividend is payable to shareholders of record at the close of business on June 30, 2015.Says payable on or about July 10, 2015.  Full Article

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BRIEF-Steel Dynamics sees Q1 2017 earnings per share $0.77 to $0.81

* Steel dynamics provides first quarter 2017 guidance and announces first quarter 2017 cash dividend increase