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Steel Dynamics

Steel Dynamics, Inc. Third Quarter 2009 Earnings Conference Call

October 29, 2009

*This file contains the complete recording of the call from start to finish. Due to technical difficulties, the previous release was truncated.*

On Monday, October 19, 2009, Steel Dynamics hosted a conference call in which Steel Dynamics management announced net income of $69 million for the third quarter of 2009, or $0.30 per diluted share. The quarter’s earnings compared to a net loss of $16 million, or $0.08 per diluted share, in the second quarter of 2009 and net income of $193 million, or $0.98 per diluted share, in the third quarter of 2008. The principal drivers as to why third quarter earnings exceeded our September guidance were stronger-than-anticipated cost compression, resulting from higher production and shipping volumes at the Flat Roll Division, and better than expected performance in metals recycling. You are invited to listen to the audio broadcast of this conference call. For further information, visit www.steeldynamics.com.

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Steel Dynamics, Inc. Third Quarter 2009 Earnings Conference Call

October 23, 2009

On Monday, October 19, 2009, Steel Dynamics hosted a conference call in which Steel Dynamics management announced net income of $69 million for the third quarter of 2009, or $0.30 per diluted share. The quarter’s earnings compared to a net loss of $16 million, or $0.08 per diluted share, in the second quarter of 2009 and net income of $193 million, or $0.98 per diluted share, in the third quarter of 2008. The principal drivers as to why third quarter earnings exceeded our September guidance were stronger-than-anticipated cost compression, resulting from higher production and shipping volumes at the Flat Roll Division, and better than expected performance in metals recycling. You are invited to listen to the audio broadcast of this conference call. For further information, visit www.steeldynamics.com.

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Steel Dynamics Q3 earnings

October 20, 2009

Steel Dynamics kicked off the third quarter earnings season today.  See the press release here.  EBITDA was $105 per ton, which is quite impressive given how difficult the industry environment is at the moment.  Watch the earnings unfold on the Nerds of Steel earnings spreadsheet.

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Steel Dynamics, Inc. Second Quarter 2009 Earnings Conference Call

July 24, 2009

On Thursday, July 23, 2009, Steel Dynamics hosted a conference call in which Steel Dynamics management announced a loss of $0.08 per diluted share for the second quarter of 2009. This was a narrower loss than was expected in mid-June due to a change in the company’s estimated annual income tax rate, which reduced the second quarter net loss by $0.02 per diluted share. Net losses for the second quarter of 2009 were $16 million, compared to a net loss of $88 million, or $0.48 per diluted share, in the first quarter of 2009 and net income of $210 million, or $1.05 per diluted share, in the second quarter of 2008. You are invited to listen to the audio broadcast of this conference call. For further information, visit www.steeldynamics.com.

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Nucor and Steel Dynamics report Q2 earnings

July 23, 2009

Nucor and Steel Dynamics just reported Q2 2009 earnings.  The Nucor announcement can be found here and Steel Dynamics’ announcement is here.  Both companies improved relative to Q1, which looks like it may have been the bottom for steel industry profitability.  Steel Dynamics posted positive EBITDA per ton of $46 in Q2, much improved from [...]

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Steel Dynamics, Inc. First Quarter 2009 Earnings Conference Call

April 24, 2009

On Thursday, April 23, 2009, Steel Dynamics hosted a conference call in which Steel Dynamics management reported a first quarter 2009 loss of $88 million, or $0.48 per diluted share, compared to net income of $143 million in the first quarter of 2008. Net sales for the quarter were $815 million, 57 percent lower than the first quarter of 2008. Compared to the fourth quarter of 2008, net sales were down 33 percent from $1.2 billion. You are invited to listen to the audio broadcast of this conference call. For further information, visit www.steeldynamics.com.

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Steel Dynamics, Inc. Fourth Quarter 2008 Earnings Conference Call

January 28, 2009

On Tuesday, January 27, 2009, Steel Dynamics hosted a conference call in which Steel Dynamics management reported another strong year of growth, achieving record full-year 2008 results despite weak fourth-quarter sales and shipments and fourth-quarter losses from unrealized hedging losses and inventory write-downs. You are invited to listen to the audio broadcast of this conference call. For further information, visit www.steeldynamics.com.

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AK, Nucor, Steel Dynamics, US Steel 2008 results

January 27, 2009

Four US-based steel companies announced Q4 and full year 2008 financial results today.  EBITDA and operating income per ton data for the quarter and the year have been added to the Nerds of Steel earnings spreadsheet.
If you want to see the earnings announcements click on a company below.
AK Steel
Nucor

Steel Dynamics

US Steel

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