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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Steel Dynamics (STLD) witnessed strong steel demand while shipments and product pricing maintained their positive momentum in Q2.

Steel Dynamics (STLD) Earnings and Sales Surpass Estimates in Q2

FORT WAYNE, Ind., July 20, 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 second quarter 2021 financial results after market close on Monday, July 19, 2021.

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

Steel Dynamics (STLD) delivered earnings and revenue surprises of 1.19% and 7.75%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Steel Dynamics (STLD) Q2 Earnings and Revenues Top Estimates

Shares of Steel Dynamics (NASDAQ:STLD) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 623.40% year over year to $3.40, which missed the estimate of $3.42.

Recap: Steel Dynamics Q2 Earnings

FORT WAYNE, Ind., July 19, 2021 /PRNewswire/ -- Second Quarter 2021 Highlights: Record steel and fabrication shipments of 2.9 million tons and 189,000 tons, respectively Record net sales of $4.5 billion Record operating income of $956 million and record net income of $702 million Record cash flow from operations of $587 million and record adjusted EBITDA of over $1.0 billion Share repurchases of $393 million of the company's common stock, representing 3% of its outstanding shares Announced new $1.0 billion share repurchase authorization Announced greenhouse gas and renewable energy goals, including steel mill carbon neutrality by 2050 Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced second quarter 2021 financial results.

Steel Dynamics Reports Record Second Quarter 2021 Results

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Earnings Previews: IBM, PPG, Steel Dynamics

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Steel Dynamics (STLD) to Post Q2 Earnings: What's in the Cards?

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.

Steel Dynamics (STLD) Reports Next Week: Wall Street Expects Earnings Growth

Steel Dynamics' (STLD) repurchase of shares is in addition to the earlier $500-million program, which had $51 million remaining authorized and available for repurchase as of Jun 30, 2021.

Steel Dynamics (STLD) to Buyback Additional Shares Worth $1B

FORT WAYNE, Ind., July 7, 2021 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced a goal to be carbon neutral by 2050 for its electric arc furnace (EAF) steel mill operations.

Steel Dynamics Sets Goal to Achieve Carbon Neutrality by 2050

FORT WAYNE, Ind. , July 6, 2021 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors authorized an additional share repurchase program of up to $1.0 billion of the company's common stock.

Steel Dynamics Announces Additional Share Repurchase Authorization

FORT WAYNE, Ind., July 6, 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 second quarter 2021 financial results after market close on Monday, July 19, 2021.

Steel Dynamics Announces Second Quarter 2021 Earnings Conference Call and Webcast

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Steel Dynamics (STLD) Outpaces Stock Market Gains: What You Should Know

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Steel Dynamics (STLD) expects second-quarter adjusted earnings in the range of $3.34-$3.38 per share.

Steel Dynamics (STLD) Expects Record Q2 Earnings on Strong Demand

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Zooming Prices Usher in Buoyant Times for Steel Makers: 5 Picks

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FORT WAYNE, Ind., June 16, 2021 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2021 earnings guidance in the range of $3.26 to $3.30 per diluted share.

Steel Dynamics Provides Second Quarter 2021 Record Earnings Guidance

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Steel Dynamics stock price is up 130% over the past 12 months as a result of significant pent-up demand, high prices, and favorable imports. STLD has the ability to generate significant free cash flow, which is used to lower net debt and to increase dividends.

News for Steel Dynamics Stock (STLD)