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operating income

Steel Dynamics – 2009 financial results

February 4, 2010

Steel Dynamics announced Q4 and full year 2009 financial results yesterday.  The press release can be found here.  STLD’s EBITDA per ton for the full year was $54, the best we’ve seen so far among the companies we track in the Nerds of Steel earnings spreadsheet.

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2009 Q4 earnings – AK, Nucor, and US Steel

February 2, 2010

The fourth quarter earnings season swung into action last week. Sorry for the delay in getting this post out, but I was in Florida making a presentation at the AMM State of Steel Conference. More on that tomorrow. Three companies reported reported Q 4 earnings last week.  Their respective press releases can be found at the following links: AK […]

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Gerdau Ameristeel and Gerdau SA Q3 2009 results

November 17, 2009

After some delay, for which I apologize, the Q3 2009 results for Gerdau Ameristeel and Gerdau SA have been added to the Nerds of Steel earnings spreadsheet.  Both companies generated positive EBITDA per ton in Q3 despite low shipment volumes and difficult industry conditions.  Gerdau SA generated EBITDA per ton of $172 in Q3, the […]

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ArcelorMittal Q3 earnings

October 28, 2009

ArcelorMittal announced Q3 2009 earnings this morning.  See the press release here and the results presentation here.  As can be seen on the Nerds of Steel earnings spreadsheet, shipments rose from 18.7 to 20.1 million tons and EBITDA per ton rose to $79 in Q3 from $65 in Q2.   The company has now achieved its […]

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US Steel and AK Steel announce Q3 earnings

October 27, 2009

US Steel and AK Steel announced Q3 2009 financial results this morning.  US Steel’s press release can be found here and AK’s release can be found here. US Steel’s shipments rose sharply, from 2.9 million tons in Q2 to 4.2 millin tons in Q3.  However, the company’s high fixed costs resulted in a negative gross […]

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Gerdau SA and Gerdau Ameristeel Q1 2009 earnings

May 12, 2009

Gerdau SA and Gerdau Ameristeel released Q1 2009 earnings recently.  You can see Gerdau’s release here and Gerdau Ameristeel’s release here.  Both companies had positive EBITDA per ton in the first quarter, $77 for Gerdau and $33 for Gerdau Ameristeel.  Among the companies tracked on the Nerds of Steel earnings spreadsheet, about half have posted […]

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