Stelco Holdings Inc T.STLC

STLD Earnings

[geosan0]

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

[Bamsmba]

Thanks Geosan! US Steel and Nuecor also report this week. Unfortuately, STLC just doesn't get the same level of Love. That said, After this buyback is completed, Covid is in our rearview mirror AND we get those excess lands SOLD... I think we should be in a much better position.  To watch the CEO poker bluff the market on what the state of the economy is 'at' gives me confidence

[Jasonuw]

Who was he bluffing when he decided to not hedge at 1900/st to lock in profits? Or before that when he decided to hedge during the largest upturn in steel history and thus limited our downside? He's not a shrewd operator. He has misjudged the market twice already. And you guys are giving him a pass as a "shrewd poker player" lol

[Jasonuw]

largest upturn in steel history and thus limited our *upside*. Apologies