WASHINGTON (dpa-AFX) - Steel Dynamics, Inc. (STLD) reported that its third-quarter net income attributable to company increased to $91.17 million from $57.49 million, last year. Earnings per share attributable to stockholders, including the effect of assumed conversions when dilutive, was $0.38, compared to $0.25. The company noted that its third-quarter 2014 net income includes the negative impact of approximately $0.09 per share related to acquisition costs, financing fees, and the effect of purchase accounting adjustments for the Severstal Columbus, LLC acquisition that occurred mid-September. Excluding charges, earnings would have been $0.47 per share.
On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.43 for the quarter. Analysts' estimates typically exclude special items.
Net sales were $2.34 billion, compared to $1.91 billion, a year ago. Analysts expected revenue of $2.14 billion for the quarter.
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