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 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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The headline numbers for Steel Dynamics (STLD) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Steel Dynamics (STLD) Q3 Earnings: A Look at Key Metrics

Steel Dynamics (STLD) came out with quarterly earnings of $3.47 per share, missing the Zacks Consensus Estimate of $3.49 per share. This compares to earnings of $5.46 per share a year ago.

Steel Dynamics (STLD) Q3 Earnings Miss Estimates

FORT WAYNE, Ind., Oct. 18, 2023 /PRNewswire/ -- Third Quarter 2023 Performance Highlights: Steel shipments of 3.1 million tons Net sales of $4.6 billion, operating income of $734 million, net income of $577 million, and adjusted EBITDA of $876 million Strong cash flow from operations of $1.1 billion and record liquidity of $3.7 billion Share repurchases of $331 million of the company's common stock, representing 1.8 percent of its outstanding shares Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2023 financial results.

Steel Dynamics Reports Third Quarter 2023 Results

Steel Dynamics' (STLD) third-quarter results are likely to have been hurt by weaker profitability in steel operations and lower selling prices.

Steel Dynamics (STLD) to Post Q3 Earnings: What's in the Offing?

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Steel Dynamics shares have performed well, rising by about 40% in the past year, despite concerns about an economic slowdown. The company's circular manufacturing model and strong utilization rate help keep costs low and maintain profitability. STLD benefits from strong secular tailwinds, including government policies supporting domestic steel prices and increased nonresidential construction activity.

Steel Dynamics: A Strong Company At An Attractive Multiple

Steel prices are suffering and demand is tumbling, worsened by the shutdown of auto plants owned by Ford, General Motors and Stellantis due to strike by the United Auto Workers union.

Steel industry dented by UAW strike against Detroit's Big Three

FORT WAYNE, Ind. , Oct. 2, 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 Third Quarter 2023 financial results after market close on Wednesday, October 18, 2023.

Steel Dynamics Announces Third Quarter 2023 Earnings Conference Call and Webcast

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While U.S. steelmakers are seeing firm demand across major end markets, lower steel prices are expected to be a drag on their third-quarter performance.

U.S. Steelmakers Paint Tepid Q3 Picture as Steel Prices Retreat

Steel Dynamics (STLD) expects lower earnings in the third quarter of 2023 due to declining metal spreads, reduced steel prices, and challenges in recycling and fabrication operations.

Steel Dynamics (STLD) Sees Lower Q3 Steel Operation Earnings

Mercedes-Benz Group AG

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz signs an agreement with Steel Dynamics, Inc. (SDI) to source more than 50,000 tonnes of CO2-reduced steel annually for its plant in Tuscaloosa, Alabama, marking another crucial milestone towards decarbonizing its global steel supply chain. SDI steel will be made using an electric arc furnace (EAF) and will use electricity from 100% renewable sources. With EAFs powered by green electricity, emissions can be reduced more than half to 1.0-tonne CO.

Mercedes-Benz AG and Steel Dynamics Inc. secure sustainable steel supply deal for Tuscaloosa plant

FORT WAYNE, Ind. , Sept. 18, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2023 earnings guidance in the range of $3.46 to $3.50 per diluted share.

Steel Dynamics Provides Third Quarter 2023 Earnings Guidance

Steel Dynamics (STLD) is the featured stock in August's Dividend Growth Stocks Model Portfolio.

Analyzing Steel Dynamics' Dividend Growth Potential

FORT WAYNE, Ind. , Aug. 18, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter cash dividend of $0.425 per common share.

Steel Dynamics Announces Third Quarter 2023 Cash Dividend

Steel Dynamics (STLD) reported earnings 30 days ago. What's next for the stock?

Why Is Steel Dynamics (STLD) Up 3.2% Since Last Earnings Report?

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FORT WAYNE, Ind. , Aug. 3, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that the company supports The Steel Climate Standard.

Steel Dynamics is a Proud Supporter of The Steel Climate Standard to Reduce Greenhouse Gas Emissions

Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand.

U.S. Steelmakers Are Still Expanding as Demand Slows

FORT WAYNE, Ind. , Aug. 1, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced the successful restart on July 28, 2023, of the hot mill at its Sinton Texas Flat Roll Steel Mill after an unplanned outage began on July 1, 2023.

Sinton Texas Flat Roll Steel Mill Hot Mill Restart

FORT WAYNE, Ind. , July 31, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that it has signed a Renewable Product Purchase Agreement (RPPA) with a subsidiary of NextEra Energy Resources, LLC for 308 megawatts of energy to be produced by a new wind farm project in Scurry County, Texas.

Steel Dynamics Accelerates Progress Towards Decarbonization Goals with Renewable Energy

FORT WAYNE, Ind. , July 28, 2023 /PRNewswire/ -- Forbes named Steel Dynamics, Inc. (NASDAQ/GS: STLD) one of America's Best Employers for Women for 2023.

Steel Dynamics Named One of America's Best Employers for Women by Forbes

Nucor is one of the largest and most diversified U.S. steel mills. Steel Dynamics' business is increasingly similar to that of Nucor, its larger peer.

Here's Why Steel Dynamics Is a No-Brainer Steel Stock

On July 25, 2023, Steel Dynamics Inc ( STLD , Financial) reported a gain of 3.63%, with its stock price reaching $105.68. The company, boasting a market cap of $17.9 billion and an Earnings Per Share (EPS) of $17.15, appears to be fairly valued according to the GF Value, which stands at $100.65.

Steel Dynamics (STLD): A Fairly Valued Steel Powerhouse in the Market

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