Steel Dynamics guides Q4 2024 EPS $1.26-$1.30, well below Q3 $2.05 and prior year $2.61

STEEL DYNAMICS INC

Q4 2024 diluted EPS guidance $1.26-$1.30, down from Q3 2024 actual $2.05 and prior-year Q4 $2.61.
Steel operations profitability expected meaningfully lower due to lower pricing, seasonally lower shipments, and unplanned Butler Flat Roll outage reducing volume ~50,000 tons.
Metals recycling segment earnings expected significantly higher sequentially; steel fabrication earnings expected lower with less than 5% pricing decline.
Company repurchased $250 million of common stock during Q4 through Dec 10, over 1% of shares outstanding.
Customer order activity solid; order backlog extends into H1 2025 at attractive pricing; management positive on 2025 outlook.

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