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Stelco Holdings Inc T.STLC


Primary Symbol: STZHF

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. It produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke. With its gauge, crown, and shape control, as well as uniform through-coil mechanical properties, the Company’s steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centers, which are distributors of steel products. The Company operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.


OTCPK:STZHF - Post by User

Post by geosan0on Jan 25, 2022 2:23pm
291 Views
Post# 34359044

STLD Earnings

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
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