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 2024

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Steel Dynamics (STLD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Steel Dynamics (STLD) Stock Jumps 3.2%: Will It Continue to Soar?

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

Steel Dynamics (STLD) Up 10.8% Since Last Earnings Report: Can It Continue?

DAYTON, Texas--(BUSINESS WIRE)--Gulf Inland Logistics Park, a 2,400-acre rail-served industrial park developed by Liberty Development Partners, today announced that OmniSource LLC, a wholly owned subsidiary of Steel Dynamics, Inc (NASDAQ: STLD), has acquired a 55-acre, rail-served tract within Gulf Inland Logistics Park to expand its metals recycling operations along the Gulf Coast. “OmniSource, a prominent player in North America's scrap and secondary metals industry, has found a strategic hom.

Gulf Inland Logistics Park Sells 55 Acres to OmniSource, a Subsidiary of Steel Dynamics Inc.

Steel Dynamics' (STLD) strong operational model, capital structure and liquidity profile provide the required capacity to grow strategically and generate value for shareholders.

Steel Dynamics (STLD) Declares $1.5B Share Buyback Authorization

FORT WAYNE, Ind. , Nov. 3, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors authorized an additional share repurchase program of $1.5 billion of the company's common stock.

Steel Dynamics Announces Additional $1.5 Billion Share Repurchase Authorization and Fourth Quarter 2023 Cash Dividend

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Steel Dynamics, Inc. (STLD) Q3 2023 Earnings Call Transcript

Lower realized flat rolled steel and steel fabrication prices weigh on Steel Dynamics' (STLD) bottom line in the third quarter.

Lower Steel Prices Hurt Steel Dynamics (STLD) Earnings in Q3

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

FORT WAYNE, Ind. , Oct. 17, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced leadership promotions for Christopher Graham, Richard Poinsatte, Angela Reeve, Christopher Gionti, and Daniel Keown.

Steel Dynamics Announces Leadership Appointments

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 (STLD) reachead $110.49 at the closing of the latest trading day, reflecting a +0.67% change compared to its last close.

Steel Dynamics (STLD) Rises Higher Than Market: Key Facts

Steel Dynamics (STLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Steel Dynamics (STLD) Q3 Earnings Expected to Decline

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

News for Steel Dynamics Stock (STLD)