STLD Earnings
Although the board is very astute I figured I would share the earnings summary of Steel Dynamics as they are the first steel company I follow to report Q4 numbers.
STLD logged a net income of $1.1 billion or $5.49 per share in fourth-quarter 2021, up from $188 million or 89 cents in the year-ago quarter.
Net sales in the quarter rose 104.1% year over year to $5,310.7 million.
The average external product selling price for the unit rose 104.2% year over year to $1,662 per ton in the quarter.
Earnings for full-year 2021 were $15.56 per share compared with earnings of $2.59 per share a year ago.
Stock is trading at a price in excess of $55.00 at the time I post this and the balance sheet is not nearly as good as STLC as they are in a net debt position not cash positive like STLC at this stage of the game.
All figures above are in US$.
I use the above comparison to continue to hold STLC despite the negative price action lately. Looking forward to a similar valuation.
GLTA