Steel Dynamics: Q4 Earnings Snapshot

January 26, 2023 GMT

FORT WAYNE, Ind. (AP) _ Steel Dynamics Inc. (STLD) on Wednesday reported fourth-quarter profit of $634.9 million.

On a per-share basis, the Fort Wayne, Indiana-based company said it had profit of $3.61. Earnings, adjusted for non-recurring costs, came to $4.37 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share.

The steel producer and metals recycler posted revenue of $4.83 billion in the period.

For the year, the company reported profit of $3.86 billion, or $20.92 per share. Revenue was reported as $22.26 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STLD at https://www.zacks.com/ap/STLD