Steel Dynamics: Fourth Quarter Earnings Overview

Steel Dynamics Reports Fourth-Quarter Earnings

Steel Dynamics Inc., headquartered in Fort Wayne, Indiana, announced a net income of $266 million for the fourth quarter.

The company’s earnings translated to $1.82 per share, surpassing the consensus estimate of $1.72 per share from four analysts polled by Zacks Investment Research.

Despite the earnings beat, Steel Dynamics generated $4.41 billion in revenue for the quarter, falling short of the $4.54 billion anticipated by analysts.

For the full year, Steel Dynamics recorded a profit of $1.19 billion, or $7.99 per share, on total revenue of $18.18 billion.