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Stock impact report

Steel Dynamics (STLD) Delivers Strong Q3, Eyes Aluminum Ramp and Biocarbon Growth [Yahoo! Finance]

Steel Dynamics, Inc. (STLD) 
Last steel dynamics, inc. earnings: 4/20 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.steeldynamics.com/presentations
Company Research Source: Yahoo! Finance
Dynamics (NASDAQ:STLD) reported robust third-quarter results with $4.8 billion in net sales, $404 million in net income ($2.74 EPS), and adjusted EBITDA of $664 million. Steel Dynamics (STLD) Delivers Strong Q3, Eyes Aluminum Ramp and Biocarbon Growth The company achieved record steel shipments of 3.6 million tons, generated $723 million in operating cash flow, and maintained liquidity above $2.2 billion. It also advanced aluminum product qualifications and produced its first biocarbon. Capital returns included $210 million in share buybacks and $74 million in dividends. Despite strong sequential gains, operating income up 33% and EBITDA up 24% versus Q2, year-to-date performance showed pressure from lower steel prices and margins. Net income through September 30 fell to $920 million from $1.3 billion a year earlier, with operating income down 32%. Planned Q4 outages may reduce flat-rolled output by up to 85,000 tons. Key focus areas ahead include aluminum mill ramp-up, biocarbo Show less Read more
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