SDI reports healthy earnings.Steel Dynamics Inc. (SDI (1) (Serial Digital Interface) A physical interface widely used for transmitting digital video in various formats. For electrical transmission, it uses a high grade of coaxial cable and a single BNC connector with Teflon insulation. ), Fort Wayne Fort Wayne, city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub, , Ind., has announced second quarter 2006 earnings of $97 million compared to $51 million in the second quarter of 2005 and $76 million in the first quarter of 2006. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the second quarter were $821 million, an increase of 50 percent when compared to the second quarter of 2005 and 23 percent greater than the sales figure for the first quarter of 2006. SDI's average consolidated selling price per ton shipped increased from $631 in the first quarter to $672 in the second quarter largely because of "better price realizations and mix," while the cost of steel scrap per net ton charged increased by $10 from the first quarter, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. Second quarter consolidated shipments of 1.2 million tons were greater than the 1.1 million tons shipped in the first quarter. "Steel Dynamics enjoyed continued strength in the second quarter," says Keith Busse, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Demand has remained very strong for the entire portfolio of products we produce. As a result of higher utilization rates at our facilities, we are maintaining high production rates and shipping volumes, as well as strong profit margins," he adds. |
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