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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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., May 24, 2021 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that Mark D.

Steel Dynamics Names Mark D. Millett as Chairman of the Board

FORT WAYNE, Ind., May 20, 2021 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors has declared a quarterly cash dividend of $0.26 per common share.

Steel Dynamics Announces Second Quarter 2021 Cash Dividend

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Steel Dynamics (STLD) Up 26.3% Since Last Earnings Report: Can It Continue?

Steel Dynamics stock has seen a formidable rise of 73% in the last six months and it now trades close to $64. After the stock saw a significant fall in early 2020 following the outbreak of the coronavirus pandemic, leading to a drop in steel prices, the stock has rallied from $37 to $64.

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Steel Dynamics, Inc. (STLD) CEO Mark Millett on Q1 2021 Results - Earnings Call Transcript

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Steel Dynamics (STLD) delivered earnings and revenue surprises of 6.06% and 8.21%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Steel Dynamics (STLD) Surpasses Q1 Earnings and Revenue Estimates

Shares of Steel Dynamics (NASDAQ:STLD) decreased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 138.64% year over year to $2.10, which beat the estimate of $1.89.

Steel Dynamics: Q1 Earnings Insights

FORT WAYNE, Ind., April 19, 2021 /PRNewswire/ -- First Quarter 2021 Performance Highlights: Near-record steel shipments of 2.8 million tons and record steel fabrication shipments of 184,000 tons Record net sales of $3.5 billion Record operating income of $594 million and record net income of $431 million Strong cash flow from operations of $262 million and record adjusted EBITDA of $664 million Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2021 financial results.

Steel Dynamics Reports Record First Quarter 2021 Results

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FORT WAYNE, Ind., April 19, 2021 /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 first quarter 2021 financial results after market close on Monday, April 19, 2021.

Reminder: Steel Dynamics Announces First Quarter 2021 Earnings Conference Call and Webcast

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Steel Dynamics (NASDAQ:STLD) releases its next round of earnings this Monday, April 19. Here is Benzinga's essential guide to Steel Dynamics's Q1 earnings report.

News for Steel Dynamics Stock (STLD)