Steel Dynamics

Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. It operates through the following segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment consists of sheet products including hot roll, cold roll, and coated steel, long products including structural steel beams, pilings, and standard and premium grade rail, and steel finishing services such as turning, polishing, straightening, chamfering, threading, and precision saw-cutting. The Metals Recycling Operations segment provides ferrous and non-ferrous scrap recycling, scrap management, transportation, and brokerage products and services. The Steel Fabrication Operations segment offers steel joists, girders, and steel deck, including specialty deck. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets, and John C. Bates in 1993 and is headquartered in Fort Wayne, IN.

Earnings data Q1 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Steel Dynamics achieves record sales in 2022, eyes growth opportunities

Steel Dynamics reported a strong financial performance in 2022, with record sales and earnings. The company is strategically investing in capital projects, emphasizing sustainability, and leveraging core competencies for future growth. Despite challenges in steel operations and startup costs for Sinton, the outlook for 2023 remains positive with opportunities from infrastructure projects and market dynamics.

Steel Dynamics reports record Q1 earnings, eyes market expansion

Steel Dynamics' Q1 2023 earnings call highlighted a successful quarter with strong financial results, strategic investments, and a focus on sustainable growth. The company is leveraging its strengths in safety, liquidity, and market diversification to navigate challenges such as cost pressures and cash flow management. Opportunities lie in market expansion, aluminum ventures, and continued growth in key sectors.

Steel Dynamics excels in Q2, eyes capacity growth and market expansion

Steel Dynamics delivered strong financial performance, focusing on safety, sustainability, and value creation. Challenges include supply chain issues and managing capacity ramp-up. Opportunities lie in new investments, export growth, and product diversification.

Steel Dynamics reports robust Q3 earnings, eyes sustainability and growth

Steel Dynamics had a solid financial quarter, addressing challenges at the Sinton mill and focusing on sustainability. The company is optimistic about market momentum going into 2024, driven by strong demand and a closed order book for November.

Steel Dynamics reports record 2023 performance and optimistic 2024 outlook

Steel Dynamics showcased robust financial performance in 2023, with record steel shipments and revenues, supported by strategic capital investments and operational excellence.
While facing challenges in the aluminum segment's profitability and cost management, the company remains focused on growth opportunities and shareholder value creation.
Optimism surrounds the 2024 steel demand outlook, driven by strong order input rates and anticipated pricing stabilization, underlining a positive trajectory for the company.
With a commitment to innovation, growth, and prudent capital allocation, Steel Dynamics is poised to capitalize on opportunities in diverse sectors and enhance shareholder returns.

Steel Dynamics excels in Q1 2024, eyes growth amid challenges

Steel Dynamics reported strong financial results, highlighted by robust steel shipments and increased focus on higher-margin products. The company's commitment to sustainability, strategic advantages in key operations, and optimism about steel demand position it well for future growth. Challenges include pricing dynamics, policy uncertainties, and managing capital investments.

Steel Dynamics excels in Q2 with solid financial performance and strategic investments

Steel Dynamics demonstrated strong financial performance in Q2 2024, driven by revenue growth and operational achievements. While facing challenges in optimizing capacity and achieving profitability in the aluminum segment, the company is leveraging strengths in production capabilities and strategic investments. With ongoing developments in new facilities and a focus on operational efficiency, Steel Dynamics is poised for future growth and market expansion.

Steel Dynamics excels in Q3 2024, eyes growth through diversification

Steel Dynamics delivered a robust performance in Q3 2024, showcasing strong financial results and operational achievements.
While facing challenges such as personnel additions, pricing trends, and trade cases, the company remains focused on growth and addressing investor concerns.
With a strategic focus on sustainability, diversification into aluminum investments, and a commitment to value creation, Steel Dynamics is well-positioned for future success.

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FORT WAYNE, Ind. , Feb. 27, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a first quarter cash dividend of $0.425 per common share, a 25 percent increase over the company's 2022 quarterly rate.

Steel Dynamics Announces First Quarter 2023 Cash Dividend Increase of 25%

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Are You Looking for a Top Momentum Pick? Why Steel Dynamics (STLD) is a Great Choice

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Here Is Why Bargain Hunters Would Love Fast-paced Mover Steel Dynamics (STLD)

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STLD Stock Today: Why This Call Option In Steel Dynamics Can Boost Your Return By $585

FORT WAYNE, Ind., Feb. 9, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors approved the appointment of Barry T. Schneider to the newly created position of President and Chief Operating Officer of the company, effective March 1, 2023.

Steel Dynamics Expands Leadership, Naming Barry T. Schneider President and Chief Operating Officer

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FORT WAYNE, Ind., Feb. 1, 2023 /PRNewswire/ -- Fortune named Steel Dynamics, Inc. (NASDAQ/GS: STLD) one of the World's Most Admired Companies for 2023.

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Steel Dynamics, Inc. (NASDAQ:STLD ) Q4 2022 Results Conference Call January 26, 2023 10:00 AM ET Company Participants David Lipschitz - Director of Investor Relations Mark Millett - President and Chief Executive Officer Theresa Wagler - Executive Vice President and Chief Financial Officer Conference Call Participants Emily Chieng - Goldman Sachs Carlos De Alba - Morgan Stanley Timna Tanners - Wolfe Research Curtis Woodworth - Credit Suisse AG Tristan Gresser - BNP Paribas Exane Andreas Bokkenheuser - UBS Investment Bank Lawson Winder - BofA Securities John Tumazos - John Tumazos Very Independent Research Operator Good day, and welcome to the Steel Dynamics Fourth Quarter and Full-year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Steel Dynamics, Inc. (STLD) Q4 2022 Earnings Call Transcript

Fast-paced Momentum Stock Steel Dynamics (STLD) Is Still Trading at a Bargain

FORT WAYNE, Ind. , Jan. 26, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release Fourth Quarter and Full-Year 2022 financial results after market close on Wednesday, January 25, 2023.

Reminder: Steel Dynamics Announces Fourth Quarter and Full-Year 2022 Earnings Conference Call and Webcast

Steel Dynamics' (STLD) Q4 performance in steel operations reflects headwinds from sequentially lower shipments, reduced selling prices & higher raw material costs.

Steel Dynamics' (STLD) Q4 Earnings and Sales Beat Estimates

Steel Dynamics (STLD) delivered earnings and revenue surprises of 21.39% and 1.99%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Steel Dynamics (STLD) Q4 Earnings and Revenues Surpass Estimates

FORT WAYNE, Ind. , Jan. 25, 2023 /PRNewswire/ -- Annual 2022 Performance Highlights: Record net sales of $22.3 billion Record operating income of $5.1 billion and net income of $3.9 billion Record cash flow from operations of $4.5 billion and adjusted EBITDA of $5.5 billion  Record steel fabrication segment earnings of $2.4 billion Record steel and steel fabrication shipments of 12.2 million tons and 856,000 tons, respectively Added to the S&P500® Index Share repurchases of $1.8 billion of the company's common stock, representing 12 percent of its outstanding shares Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced fourth quarter and annual 2022 financial results.

Steel Dynamics Reports Fourth Quarter and Record Annual 2022 Results

News for Steel Dynamics Stock (STLD)