Key Developments For Steel Dynamics, Inc.
Steel Dynamics, Inc. (STLD.O) (Nasdaq)
Steel Dynamics, Inc. Comments On Q4 2009 Earnings Outlook
Steel Dynamics, Inc. announced that for fourth quarter of 2009, it expects earnings to be lower than third quarter of 2009. The Company reported earnings per share (EPS) of $0.30 in third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.24 for fourth quarter of 2009.
Steel Dynamics, Inc. Declares Third Quarter Dividend
Steel Dynamics, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share to be distributed to shareholders of record at the close of business on September 30, 2009. This dividend will be payable on or about October 9, 2009.
Steel Dynamics, Inc. Raises Q3 2009 EPS Outlook
Steel Dynamics, Inc. updated its third quarter 2009 earnings outlook and now anticipates earnings to be within a range of $0.20 to $0.25 per diluted share (EPS), somewhat higher than initial guidance of $0.10 to $0.20 provided in July 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.16 for the same period.
Steel Dynamics, Inc. Issues Q3 2009 EPS Outlook Above Analysts' Estimates
Steel Dynamics, Inc. announced that for the third quarter of 2009, it expects diluted earnings per share (EPS) to be in the range of $0.10 to $0.20. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.09 for the same period.
Steel Dynamics, Inc. Lowers Q2 2009 Earnings Guidance; Comments On Q3, Q4 2009 Earnings Guidance
Steel Dynamics, Inc. announced that for the second quarter of 2009, it now anticipates a small loss of $0.10-$0.15 per diluted share after taking into account the recent issuance of common stock and convertible securities. The Company had provided qualitative guidance in April suggesting the possibility of improving results in the second quarter, indicating that the second quarter 2009 could be close to breakeven, possibly showing a small loss or a small profit. The Company now expect to be profitable in the third and fourth quarters of 2009 assuming only a modest increase in production volume. According to Reuters Estimates, analysts were expecting the Company to report EPS of $(0.07), $0.05 and $0.16 for the second, third and fourth quarter of 2009 respectively.
