Wednesday, December 17, 2014

$STLD - Steel Dynamics Provides Fourth Quarter 2014 Earnings Guidance and Announces Fourth Quarter Cash Dividends

Steel Dynamics, Inc. today provided fourth quarter 2014 earnings guidance in the range of $0.33 to $0.37 per diluted share, which includes estimated charges of $12 million (before taxes) related to post-acquisition purchase accounting adjustments and $6 million (before taxes) related to estimated lower-of-cost or market adjustments caused by ferrous raw material pricing declines in the company's metals recycling and ferrous resources segment.

Excluding these charges, the company's estimated fourth quarter 2014 earnings guidance would have been in the range of $0.38 to $0.42 per diluted share.  Unadjusted estimated earnings are anticipated to be somewhat lower than the company's sequential third quarter 2014 results of $0.38 per diluted share and higher than prior year fourth quarter results of $0.24 per diluted share.

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