FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Tuesday reported first-quarter profit of $217.2 million.
The Fort Wayne, Indiana-based company said it had net income of $1.44 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The steel producer and metals recycler posted revenue of $4.37 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $4.15 billion.
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