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Steel Dynamics ( (STLD) ) just unveiled an update.
Steel Dynamics, Inc. anticipates a dip in third-quarter 2024 earnings to $1.94-$1.98 per share, down from $2.72 in Q2 and $3.47 in the same quarter the previous year, largely due to lower pricing in flat rolled operations. Despite this, demand remains steady, and the company has a robust order backlog. It’s also actively buying back shares, having repurchased $307 million worth so far, and plans to discuss detailed earnings in an upcoming conference call following their release on October 16, 2024.
See more data about STLD stock on TipRanks’ Stock Analysis page.
