WASHINGTON (dpa-AFX) - Steel Dynamics, Inc. (STLD) issued first quarter
earnings guidance in the range of $3.51 to $3.55 per share. The company's prior
year first quarter earnings were $3.70 per share. Analysts polled by Thomson
Reuters expect the company to report profit per share of $3.35. Analysts'
estimates typically exclude special items.

Steel Dynamics said, based on continued confidence in the earnings outlook and
cash flow generation, it repurchased $279 million, or 1.4 percent, of its common
stock during the first quarter through March 11, 2024. The board also increased
the first quarter 2024 cash dividend by eight percent to $0.46 per common share.

The company plans to release first quarter earnings after the markets close on
April 23, 2024.

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