STLD Steel Dynamics, Inc. featured news, full reports, and detailed charts
Steel Dynamics, Inc. (STLD) Wrap Up:
We are one of the largest steel producers and, with our acquisition of OmniSource Corporation, one of the largest scrap processors in the United States based on a current estimated annual steelmaking capability of approximately 5.3 million tons and an estimated scrap processing and brokerage volume of 6.0 million tons of ferrous and 800 million pounds of nonferrous metalics. Actual 2007 steel production was 5.0 million tons. Our 2007 consolidated shipments, excluding shipments between our operating divisions, totaled 6.2 million tons, which includes steel making, fabrication and scrap processing. During 2007, our net sales were $4.4 billion. º • º Steel Operations. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f27%2f0001047469-08-001824.html#FIS_BUSINESS"www.steeldynamics.com
6,652 Employees
Founded in 1993
Steel Dynamics Inc. (STLD:NASDAQ)
LAST $16.15 USD
CHANGE TODAY -0.13 -0.80%
VOLUME 6.4M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Steel Dynamics Inc. (STLD)
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OPEN
$16.04
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PREVIOUS CLOSE
$16.28
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DAY HIGH
$16.26
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DAY LOW
$15.82
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52 WEEK HIGH
09/17/09 - $18.56
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52 WEEK LOW
11/20/08 - $5.18
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MARKET CAP
3.5B
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AVERAGE VOLUME 3 mo
6.8M
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DILUTED EPS TTM
$-0.72
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SHARES OUTSTANDING
215.6M
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EX-DATE
09/28/09
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P/E TTM
NM
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DIVIDEND
$0.30
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DIVIDEND YIELD
1.86%
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| K = Thousands M = Millions B = Billions | ||
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STLD Top Compensated Officers
Mr. Keith E. Busse
Co-Founder, Executive Chairman, Chief Executi...
Age: 65
Total Annual Compensation: $900.0K
Mr. Richard P. Teets Jr.
Co-Founder, President of Steel Operations, Ch...
Age: 54
Total Annual Compensation: $490.0K
Mr. Mark Millett
Co-Founder, Executive Vice President of Metal...
Age: 49
Total Annual Compensation: $475.0K
Ms. Theresa E. Wagler
Chief Financial Officer, Executive Vice Presi...
Age: 39
Total Annual Compensation: $325.0K
Mr. Gary Heasley
Principal Accounting Officer and Executive Vi...
Age: 44
Total Annual Compensation: $320.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Steel Dynamics Inc. (STLD)
Steel Dynamics Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).
10/20/2009
Steel Dynamics Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).
Steel Dynamics Inc. Provides Earnings Guidance for the Fourth Quarter of 2009
10/20/2009
Steel Dynamics Inc. provided earnings guidance for the fourth quarter of 2009. The company expects to maintain a fairly consistent level of profitability and report a profit in fourth quarter and for that matter, a profit on a year-to-date basis. The company's current thoughts for the fourth quarter of 2009 are for investments between $70 and $80 million.
Steel Dynamics Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/19/2009
Steel Dynamics Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company announced operating income of $148,448,000, income before income taxes of $116,095,000, net income attributable to the company was $69,018,000 or $0.30 per diluted share on net sales of $1,172,196,000 compared to operating income of $330,918,000, income before income taxes of $301,814,000, net income attributable to the company was $193,008,000 or $0.98 per diluted share on net sales of $2,563,943,000 for the same period a year ago. Net cash provided by operating activities of $137,662,000, purchase of property, plant and equipment was $95,662,000 compared to net cash provided by operating activities of $77,235,000, purchase of property, plant and equipment was $115,636,000 for the same period a year ago. For the nine months ended September 30, 2009, the company announced operating income of $41,129,000, loss before income taxes of $64,556, 000, net loss attributable to the company was $34,835,000 or $0.18 per diluted share on net sales of $2,779,004,000 compared to operating income of $942,197,000, income before income taxes of $872,517,000, net income attributable to the company was $546,059,000 or $2.75 per diluted share on net sales of $6,870,087,000 for the same period a year ago. Net cash provided by operating activities of $424,023,000, purchase of property, plant and equipment was $243,166,000 compared to net cash provided by operating activities of $346,123,000, purchase of property, plant and equipment was $310,625,000 for the same period a year ago.
STLD Competitors
| Company | Last | Change |
| AK Steel Holding Corp | $18.69 USD | +0.36 |
| Allegheny Technologies Inc | $34.01 USD | +0.17 |
| Gerdau Ameristeel Corp | C$8.83 CAD | +0.13 |
| SSAB | kr113.20 SEK | -0.30 |
| Timken Co | $25.13 USD | +0.12 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | STLD | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.9x |
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| Price/Book | 1.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
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STLD transactions
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| No transactions in the last 6 months. | ||
More Recent News About Steel Dynamics, Inc.
More news for STLD
Steel Winners & Losers: U.S. Steel
Stock quotes in this article: USX , AKS , NUE , ...Click here to read the whole Article (external link)
Ahead of the Bell: Steel Sector
HARTFORD, Conn. (AP) -- The economy is recovering too slowly to help U.S. steel manufacturers boost profitability soon, an analyst said Wednesday. Mark L. Parr, an analyst at KeyBanc Capital Markets, said ferrous scrap prices could continue to decline over the next couple of months. He cited a recent $30 per ton decline in export scrap pricing."Domestic mills and export buyers remain on the sidelines, likely dampening the ability to substantially maintain or raise hot-rolled pricing realizations over the near term despite low supply chain inventories," Parr said in a client note.Hot-rolled steel is used in autos, office furniture and appliances and is considered the industry's benchmark product.Parr reduced his ratings for AK Steel Holding Corp. and U.S. Steel Corp. to "Hold" from "Buy," saying fourth-quarter outlooks from the two steel makers Tuesday were "somewhat disappointing.""The outlooks clearly imply profit is very levered to pricing," Parr said. "With a more subdued pricing recovery unfolding, profit recovery will likely also be more gradual in nature."U.S. Steel said Tuesday it expects better results in the fourth quarter, but it also said it plans to idle two blast furnaces.AK Steel said it expects shipments to rise in the final three months of the year. But its average selling price is expected to fall because it forecasts a higher percentage of carbon steel sales relative to more expensive stainless and electrical steels.The two companies posted sharply lower third-quarter results Tuesday as demand for the metal used in manufacturing and construction remained muted amid the global economic downturn.Parr said steel service center and restocking also may be hampered by a continuing lack of credit."In our view, these issues put a premium on companies that are nimble, low-cost prod...Click here to read the whole Article (external link)
STEEL DYNAMICS INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report contains some predictive statements about future events, including statements related to conditions in the steel and recycled metals marketplaces, our revenue, costs of purchased materials, future profitability and earnings, and the operation of new or existing facilities. These statements are intended to be made as "forward-looking," subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Such predictive statements are not guarantees of future performance, and actual results could differ materially from our current expectations. Factors that could cause such predictive statements to turn out other than as anticipated or predicted include, among others: the effects of a prolonged or deepening recession on industrial demand; general or specific sector (i.e., automotive, consumer appliance or construction) economic conditions affecting steel or recycled metals consumption; the impact of price competition, whether domestic or the result of foreign imports; difficulties in integrating acquired businesses; risks and uncertainties involving new products or new technologies; changes in the availability or cost of steel scrap or substitute materials; increases in energy costs; occurrence of unanticipated equipment failures and plant outages; labor unrest; and the effect of the elements on production or consumption. More specifically, we refer you to the sections titled Special Note Regarding Forward-Looking Statements and Risk Factors in our annual report on Form 10-K for the year ended December 31, 2008, as well as in other reports which we file with the Securities and Exchange Commission, for a more detailed discussion of some of the many factors, variable risks and uncertainties that could cause actual results to differ materially from those we may have e...Click here to read the whole Article (external link)
Stock Picks: Visa, Steel Companies, Apollo Group
Stock Picks: Visa, Steel Companies, Apollo Group Plus Wall Street analyst opinions on Chiquita Brands and Wynn Resorts Visa (V) Standard & Poor's Equity Research maintains hold; raises estimate, price target S&P equity analyst Stuart Plesser said on Oct. 28 that Visa posted fiscal fourth-quarter operating earnings per share (EPS) of 74 cents, vs. 58 cents EPS one year earlier, matching his estimate. Notably, said Plesser, Visa's global payment volume declined only 2% vs. a 5% decline in the previous quarter, which points to a stabilization of spending habits by the consumer. Debit payments rose year over year, noted the analyst, as consumers continue to favor debit transactions -- a positive for Visa as it has a preponderance of debit cards. Based on the higher spending volume, Plesser raised his fiscal 2010 (ending September) EPS estimate by 17 cents to $3.55. He also hiked his price target by $12 to $88. AK Steel Holding (AKS) U.S. Steel (X) KeyBanc Capital Markets downgrades both to hold from buy Steel Dynamics (STLD) Reliance Steel & Aluminum (RS) Olympic Steel (ZEUS) KeyBanc Capital Markets reiterates buy on each The economy is recovering too slowly to help U.S. steel manufacturers boost profitability soon, KeyBanc Capital M...Click here to read the whole Article (external link)
InPlay: NASDAQ 100 (NDX) leaders & laggards approaching the final hour of trading
6:26PM Boise Inc. announced that the previously announced secondary offering of 17 mln shares of its common stock has been priced at $4.85 per share (BZ) 5.09 +0.04 : 5:01PM Oncolytics Biotech announces unit offering (ONCY) 3.43 -0.26 : Co announced that it is undertaking an overnight marketed offering of units, each comprised of one common share and a portion of a common share purchase warrant to be effected in each of the Canadian provinces of British Columbia, Alberta, Manitoba and Ontario by way of a prospectus supplement to Oncolytics' base shelf short form prospectus, and in the United States... ONCY intends to use the net proceeds from the offering to fund its previously announced Phase III combination REOLYSIN and paclitaxel/carboplatin trial for patients with platinum-failed head and neck cancers, its other clinical development and research and development activities, and for general corporate and working capital purposes. 5:00PM Coldwater Creek announced the resignation of Tim Martin, Senior Vice President and Chief Financial Officer (CWTR) 5.81 -0.27 : Co has appointed John E. Hayes, III, Senior Vice President and General Counsel of Coldwater Creek, to serve as interim Chief Financial Officer, effective November 25, 2009, until a permanent successor is named. 4:55PM Quest Diagnostics announces pricing of tender offer for any and all of certain of its outstanding notes (DGX) 59.07 -0.35 : Co announced the determination of the pricing for its previously announced cash tender offer to purchase any and all of its 5.125% Senior Notes due 2010 and any and all of its 7.50% Senior Notes due 2011. 4:44PM Hampton Roads Bankshares defers dividends on TARP preferred stock (...Click here to read the whole Article (external link)
STEEL DYNAMICS INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue1,172,196 792,158 814,650 1,210,434 Cost of Revenue955,503 723,321 855,277 1,251,345 Gross Profit216,693 68,837 (40,627)(40,911)Operating ExpensesResearch Development - - - - Selling General and Administrative56,542 48,601 57,278 39,126 Non Recurring - - - - Others11,703 13,952 15,698 10,918 Total Operating Expenses - - - - Operating Income or Loss148,448 6,284 (113,603)(90,955)Income from Continuing OperationsTotal Other Income/Expenses Net2,167 (786)748 99 Earnings Before Interest And Taxes42,801 5,498 (112,855)(90,856)Interest Expense(73,294)37,043 36,251 41,846 Income Before Tax116,095 (31,545)(149,106)(132,702)Income Tax Expense47,365 (15,024)(59,332)(50,029)Minority Interest - - - - Net Income From Continuing Ops71,460 (16,521)(89,774)(82,673)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
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