Steel Dynamicsreports Q2 EPS $4.81, consensus $4.79

Reports Q2 revenue $5.1B, consensus $5.57B. “The team executed well and delivered a strong second quarter performance across our operating platforms,” said Mark D. Millett, Chairman and CEO “Our Q2 operating income was $1.1B, with EBITDA of $1.2B. The sequential improvement in earnings was driven by significantly higher realized pricing from our steel operations. We also achieved strong cash flow from operations of $808M and strong liquidity of $3.5B, while at the same time continuing to invest in our growth and providing strong shareholder distributions. In recognition of our growth, strong balance sheet profile and consistent free cash flow generation capability, we received upgrades to our investment grade credit designations from two credit rating agencies.