Steel Dynamics Reports Fourth Quarter and Annual 2020 Results
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Annual 2020 Performance Highlights:
Net sales of $9.6 billion
Operating income of $847 million and net income of $551 million, representing the company s fourth best year
Cash flow from operations of $987 million and adjusted EBITDA of $1.2 billion
Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced fourth quarter and annual 2020 financial results. The company reported fourth quarter 2020 net sales of $2.6 billion and net income of $188 million, or $0.89 per diluted share. Excluding the impact from the following items, the company s fourth quarter adjusted net income was $205 million, or $0.97 per diluted share:
Additional financing costs of $11 million, or $0.04 per diluted share, related to the company s October 2020 refinancing activities,
Coastal Bend Food Bank Lends city of Sinton a Hand
Coastal Bend Food Bank Lends city of Sinton a Hand
Posted at 5:44 PM, Jan 13, 2021
and last updated 2021-01-13 20:02:15-05
SINTON, Texas â The Coastal Bend Food Bank provided free water to Sinton residents who didn t have any on Wednesday after the city s main water line had a system malfunction.
Residents were lining up at the Sinton Community Center at about 1:30 this afternoon with police directing the cars into lines.
Some residents said their concerns extended past the water shortage, but some had faith in the city of Sinton even though they had never experienced water loss.
right now in sin ton, texas, not rockport. rock part is where this eye made landfall. there seems devastation there, unclear how many injuries. let me show you here in sin ton, texas. this is a brick structure. you can see it was boarded up and the powerful winds blew through overnight. thankfully no one was in sight. most of this downtown area has been evacuated. people got out of town. we ve seen emergency responders here throughout the morning, trying to keep the roads closed. we have seen a lot of debris, downed power lines. when we were driving to rockport, we got to one road where we saw the water rise up very quickly. immediately we decided to turn around and get to higher ground, get to safety. this is something that people around this part of texas are going to be dealing with for several days.
it s a this is a meandering storm bringing lots of wind and rain. there s a few cars around. some have been police cars. about a half hour ago to an hour ago the winds were a lot stronger. we saw the rain being pushed down this downtown area. you can see the buildings that have been boarded up, pretty much a ghost town here, thankfully. but first light has brought the rain tapering off. we are trying to get an assessment for how we still get some of these wind gusts now that make it kind of hard to keep rain out of your eye. again, this is in sinton texas, rockport one of the most hardest hit, more than 200,000 without power still as hurricane harvey made landfall as a category 4, now downgraded to a category 1.
6 miles per hour. these are the peak wind gusts when it made landfall, 132, 125, easily a strong category 3, low end category 4. official making landfall at category 4. pressure 938, the second lowest ever recorded in the state of texas. incredible stuff. this is the radar view i showed you before. if i go into the houston area, you can see the beltway around the 610, heavy band of rain we ll continue to watch throughout the day today. there is the flash flood warning. a huge area from houston almost down to south of victoria. 12 million people affected. 4 million people in the flash flood warning. this is the estimated rainfall total. a lot of it is south of houston. this final map shows our river flood warnings that are being issued. you can see how the rivers snake towards the coast, alex. this is what we ll deal with until tuesday or wednesday. bill karins on duty, we