Steel Dynamics, Inc. Issues Q2 2012 EPS Guidance Below Analysts' Estimates; Announces Second Quarter Cash Dividend

Steel Dynamics, Inc. announced that for the second quarter of 2012, it expects earnings to be in the range of $0.15 to $0.20 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.24 for the second quarter of 2012. The Company also announced that the Board of Directors has declared a quarterly cash dividend of $0.10 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2012, and is payable on or about July 13, 2012.