Steel Dynamics, Inc. (STLD - Free Report) logged net income of $188 million or 89 cents per share in fourth-quarter 2020, up from $121 million or 56 cents in the year-ago quarter.
Barring one-time items, adjusted earnings per share came in at 97 cents, which topped the Zacks Consensus Estimate of 86 cents.
Net sales in the quarter increased roughly 10% year over year to $2,601.2 million. The figure beat the Zacks Consensus Estimate of $2,501.1 million. Owing to market share gains and the symbiotic relationships between its three operating platforms, Steel Dynamics achieved strong company-wide performance despite the challenges.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Steel Dynamics, Inc. (STLD - Free Report) logged net income of $188 million or 89 cents per share in fourth-quarter 2020, up from $121 million or 56 cents in the year-ago quarter.
Barring one-time items, adjusted earnings per share came in at 97 cents, which topped the Zacks Consensus Estimate of 86 cents.
Net sales in the quarter increased roughly 10% year over year to $2,601.2 million. The figure beat the Zacks Consensus Estimate of $2,501.1 million. Owing to market share gains and the symbiotic relationships between its three operating platforms, Steel Dynamics achieved strong company-wide performance despite the challenges.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on STLD - FREE
Get the latest research report on BHP - FREE
Get the latest research report on IMPUY - FREE
Get the latest research report on FSUGY - FREE