Metal Dynamics, Inc. (NASDAQ: STLD), a number one metal producer and metals recycler in North America, has issued earnings steerage for the primary quarter of fiscal 2025.
- The corporate mentioned it expects first-quarter earnings to be within the vary of $1.36 per share to $1.40 per share, in comparison with $3.67 per share in Q1 2024
- In Q1, profitability from metal operations is anticipated to be stronger than sequential fourth-quarter outcomes
- Profitability is anticipated to profit from elevated shipments within the first quarter, greater than offsetting some steel margin compression
- Earnings from the corporate’s metals recycling operations are anticipated to be greater in Q1 than sequential fourth quarter 2024 outcomes, primarily based on stronger realized pricing and secure volumes for ferrous and nonferrous supplies
- In the meantime, earnings from metal fabrication operations are anticipated to be decrease than sequential fourth-quarter outcomes, primarily based on seasonally decrease shipments and fewer than a 5 p.c decline in realized pricing
- Final month, the board elevated first-quarter money dividend by 9% to $0.50 per frequent share and likewise licensed a further $1.5 billion for share repurchases
- Metal Dynamics is scheduled to launch first-quarter earnings on Tuesday, April 22, after markets shut
