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Steel Dynamics to Expand Its Fabrication Operations with Decking Asset Acquisition
2015-09-21 12:31:12| Industrial Newsroom - All News for Today
FORT WAYNE, Ind., - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that it purchased from Consolidated Systems, Inc. ("CSi"), certain of its steel decking facilities (including associated assets) and net working capital of approximately $30 million, for a purchase price of $45 million in cash. The...
Tags: expand
operations
steel
acquisition
Steel Dynamics Provides Third Quarter 2015 Earnings Guidance and...
2015-09-19 12:27:22| Steel - Topix.net
Prior year third quarter earnings included acquisition costs and purchase accounting adjustments related to the Severstal Columbus acquisition of Profitability from the company's steel operations for the third quarter 2015 is expected to be slightly improved in comparison to the sequential second quarter 2015 results, based on modest overall metal spread expansion offset by slightly lower steel shipments. Overall average product pricing is expected to be relatively unchanged in the quarter.
Tags: steel
quarter
guidance
dynamics
Steel Dynamics, Inc. Announces $0.14 Quarterly Dividend
2015-09-19 03:08:09| Steel - Topix.net
Steel Dynamics announced a quarterly dividend on Friday, September 18th, Market Beat Ratings reports. Investors of record on Wednesday, September 30th will be given a dividend of 0.1375 per share on Friday, October 9th.
Tags: steel
quarterly
dynamics
announces
Citigroup Inc. Lowers Steel Dynamics Price Target to $23.00
2015-09-16 22:06:19| Steel - Topix.net
Citigroup Inc.'s price objective points to a potential upside of 27.78% from the stock's previous close. In related news, Director John C. Bates sold 74,379 shares of the business's stock in a transaction that occurred on Tuesday, August 18th.
Tags: price
target
steel
dynamics
Steel Dynamics to Expand its Fabrication Operations with Decking Asset Acquisition
2015-09-15 11:40:34| Steel - Topix.net
The transaction, which is valued below asset replacement cost, is expected to be accretive to 2015 earnings and cash flow per share. These assets will become a part of Steel Dynamic's fabrication operations through its wholly owned subsidiary, New Millennium Building Systems, LLC .
Tags: expand
operations
steel
acquisition
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