{
  "report_rows": [
    {
      "kpi": "Adjusted diluted EPS",
      "prediction": "IN-LINE",
      "answer": "pred ~$4.58 vs. cons $4.57",
      "confidence": "HIGH"
    },
    {
      "kpi": "Revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$10.15B vs. cons $10.07B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Steel Mills average sales price per ton",
      "prediction": "BEAT",
      "answer": "pred ~$1,205/ton vs. cons $1,183/ton",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted diluted EPS",
      "prediction": "BETTER",
      "answer": "guide ~$5.15 vs. cons $5.06 (2026Q3)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Capital expenditures",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.50B vs. cons $2.50B (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 2.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A largely preannounced Q2 limits the initial surprise, but a 2026Q3 EPS outlook of ~$5.15 versus $5.06 consensus would support modest upward revisions. Better lagged-contract pricing and stable scrap costs should more than offset the nonrecurrence of the roughly $130M procurement refund, allowing positive residual returns to extend beyond day 1.",
  "day5_confidence": "MEDIUM"
}