Steel Mills
March 19, 2019
Steel Dynamics Expects Lower Earnings in Q1
Written by Sandy Williams
Steel Dynamics’ earnings guidance for first-quarter 2019 was lower than analysts expected. SDI anticipates a decrease from the prior quarter as a result of lower earnings from its sheet operations. Expected earnings of $0.88 to $0.92 per diluted share will also be impacted by planned maintenance outages during the quarter.
Although sheet earnings fell in the first quarter, SDI says recent improvements in steel prices have resulted in increased order activity and growing backlogs. Overall, shipments are expected to be higher in the first quarter with demand continuing to improve throughout the year.
