Steel Dynamics Analysts Increase Their Forecasts After Better-Than-Expected Earnings

Steel Dynamics Inc (NASDAQ:STLD) posted better-than-expected third-quarter earnings, after the closing bell on Wednesday.

Steel Dynamics posted quarterly GAAP earnings of $2.05 per share, beating market estimates of $1.97 per share. The company's quarterly sales came in at $4.34 billion versus expectations of $4.177 billion.

“The teams achieved a solid third quarter 2024 performance across the platforms, with adjusted EBITDA of $557 million and cash flow from operations of ...