Steel Dynamics, Inc. Issues Q1 2012 EPS Guidance Below Analysts' Estimates

Steel Dynamics, Inc. announced that for the first quarter of 2012, it expects earnings to be in the range of $0.15 to $0.20 per diluted share. Estimated earnings for the first quarter include a reduction of approximately $.03 per diluted share, representing expenses, net of interest cost savings, associated with the company's announced financing activities which occurred in January. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.36 for the first quarter of 2012.