08:12 AM EST, 12/16/2024 (MT Newswires) -- Steel Dynamics ( STLD ) said Monday that it expects Q4 earnings of $1.26 to $1.30 per diluted share, down form $2.61 a year earlier.

Four analysts polled by FactSet expect $1.49.

The company said profitability expectations have declined because of lower market prices, decreased shipments, and an unplanned outage at the company's Butler Flat Roll Division, which reduced volume by an estimated 50,000 tons.

Steel Dynamics ( STLD ) said "customers have been positive concerning the outlook for 2025."

Shares of the company were down nearly 3% in recent Monday premarket activity.

Price: 118.86, Change: -3.51, Percent Change: -2.87