Earnings summaries and quarterly performance for STEEL DYNAMICS.
Executive leadership at STEEL DYNAMICS.
Mark Millett
Detailed
Chief Executive Officer
CEO
BS
Barry Schneider
Detailed
President and Chief Operating Officer
CG
Christopher Graham
Detailed
Senior Vice President, Flat Roll Steel Group
MA
Miguel Alvarez
Detailed
Senior Vice President, Aluminum Group
TW
Theresa Wagler
Detailed
Executive Vice President, Chief Financial Officer and Corporate Secretary
Board of directors at STEEL DYNAMICS.
Research analysts who have asked questions during STEEL DYNAMICS earnings calls.
TG
Tristan Gresser
BNP Paribas
8 questions for STLD
Also covers: CLF, CMC, MT +3 more
Carlos de Alba
Morgan Stanley
7 questions for STLD
Also covers: AA, AR, BVN +13 more
LW
Lawson Winder
Bank of America
7 questions for STLD
Also covers: AA, AEM, CCJ +21 more
AH
Alex Hacking
Citigroup
6 questions for STLD
Also covers: AA, ARCH, CLF +7 more
BP
Bill Peterson
JPMorgan Chase & Co.
6 questions for STLD
Also covers: AA, ACHR, BLDE +11 more
KJ
Katja Jancic
BMO Capital Markets
6 questions for STLD
Also covers: AA, ARCH, ASTL +9 more
AJ
Andy Jones
UBS Group
5 questions for STLD
Also covers: MT
MH
Mike Harris
Goldman Sachs
5 questions for STLD
Also covers: CLF, CMC, NUE +1 more
Philip Gibbs
KeyBanc Capital Markets
5 questions for STLD
Also covers: ATI, CLF, CMC +10 more
JT
John Tumazos
John Tumazos Very Independent Research
4 questions for STLD
Also covers: AA, AEM, ASM +13 more
Andrew Jones
UBS
3 questions for STLD
Also covers: CMC, ERELY, MT +1 more
TT
Timna Tanners
Wolfe Research
3 questions for STLD
Also covers: AA, AMRZ, ATI +19 more
WP
William Peterson
JPMorgan Chase & Co.
2 questions for STLD
Also covers: AA, ACHR, BLDE +14 more
CL
Christopher LaFemina
Jefferies
1 question for STLD
Also covers: AA, ARCH, BTU +6 more
ME
Martin Englert
S&P Global Commodity Insights
1 question for STLD
Also covers: CLF, GSM, NUE +2 more
MH
Michael Harris
Goldman Sachs
1 question for STLD
Also covers: CLF, CMC, NUE +1 more
Recent press releases and 8-K filings for STLD.
Steel Dynamics issues Q4 2025 earnings guidance
STLD
Guidance Update
Share Buyback
- Steel Dynamics forecasts Q4 2025 EPS of $1.65–$1.69, compared to $2.74 in Q3 2025 and $1.36 in Q4 2024.
- Lower steel operations profitability driven by 140,000–150,000 tons of reduced flat rolled steel production due to planned maintenance and > $70/ton drop in hot rolled steel prices sequentially.
- Metals recycling and steel fabrication earnings are also expected to decline sequentially due to seasonal shipment reductions and maintenance outages, despite a healthy order backlog into Q2 2026.
- The company has repurchased approximately $200 million (1%) of its common stock during Q4 2025.
7 days ago
Steel Dynamics provides Q4 2025 earnings guidance
STLD
Guidance Update
Share Buyback
- Steel Dynamics issued Q4 2025 EPS guidance of $1.65–$1.69, down from $2.74 in Q3 2025 and up from $1.36 in Q4 2024.
- Lower Q4 profitability expected across steel, metals recycling and fabrication due to seasonal demand, planned maintenance outages reducing production by ~140,000–150,000 tons, and a >$70/ton drop in hot-rolled steel prices from July to October 2025.
- Aluminum operations commissioning continues at Columbus, MS and San Luis Potosí, with initial product qualifications for the beverage can, industrial and automotive sectors.
- The company repurchased $200 million (1%) of common stock in Q4 2025 and will release full Q4 results on January 26, 2026 before market open.
8 days ago
Steel Dynamics completes full acquisition of New Process Steel
STLD
M&A
- Steel Dynamics has acquired the remaining 55% equity interest in New Process Steel, L.P., making it a wholly owned subsidiary.
- New Process Steel, headquartered in Houston with six manufacturing sites across the U.S. and Mexico, employs approximately 1,275 individuals and is Steel Dynamics’ largest flat rolled steel customer.
- The acquisition enhances Steel Dynamics’ exposure to value-added manufacturing and supply-chain management opportunities.
- The transaction announcement is filed as Exhibit 99.1 to the Form 8-K.
Dec 2, 2025, 4:11 PM
Steel Dynamics completes acquisition of remaining stake in New Process Steel
STLD
M&A
New Projects/Investments
- Steel Dynamics has acquired the remaining 55% equity interest in New Process Steel, finalizing its full ownership of the metal products and distribution firm.
- The deal is aimed at expanding Steel Dynamics’ exposure to value-added manufacturing opportunities while continuing to serve its flat-rolled steel customer base.
- New Process Steel operates six manufacturing locations across North America (including two at Steel Dynamics’ Butler and Columbus facilities), employs approximately 1,275 people, and is Steel Dynamics’ largest flat-roll customer.
Dec 1, 2025, 9:30 PM
Steel Dynamics completes $800M notes offering and calls 5.000% Notes due 2026
STLD
Debt Issuance
- Steel Dynamics issued $650 million of 4.000% Notes due 2028 and reopened $150 million of 5.250% Notes due 2035 at 101.443% with an implied yield of 5.053%, consolidating the new 2035 Notes with the existing series.
- The company will use the net proceeds to redeem $400 million of its 5.000% Notes due 2026 and for other general corporate purposes, enhancing liquidity and capital structure flexibility.
- Steel Dynamics called for redemption of the $400 million 2026 Notes on December 21, 2025 at 100.000% of principal plus accrued and unpaid interest, with interest ceasing thereafter.
- J.P. Morgan Securities, Morgan Stanley, BofA Securities and Wells Fargo Securities served as joint book-running managers for the transaction.
Nov 21, 2025, 8:11 PM
Steel Dynamics completes notes offering and calls redemption of 5.000% Notes due 2026
STLD
Debt Issuance
- Steel Dynamics issued $650 million aggregate principal of 4.000% Notes due 2028 and reopened $150 million of 5.250% Notes due 2035 at 101.443%, implying a 5.053% yield.
- The Additional 2035 Notes will consolidate with the existing $600 million series; net proceeds will redeem $400 million of 5.000% Notes due 2026 and support general corporate purposes.
- The redemption date for the 2026 Notes is set for December 21, 2025 at 100.000% of par plus accrued interest, after which interest will cease.
Nov 21, 2025, 6:30 PM
Steel Dynamics launches lower-embodied-carbon steel products BIOEDGE and EDGE
STLD
Product Launch
- Steel Dynamics introduces BIOEDGE™ and EDGE™, lower-embodied-carbon steel products produced exclusively with electric arc furnace (EAF) technology and paired with renewable energy or emission-free nuclear certificates to reduce Scope 1 and Scope 2 emissions.
- BIOEDGE™ further minimizes embodied carbon by substituting renewable biocarbon for anthracite in the EAF process, cutting Scope 1 emissions.
- The EDGE™ family will be rolled out across Steel Dynamics’ steel operations, with anticipated demand from automotive, construction, renewable energy and infrastructure sectors.
- BIOEDGE’s renewable biocarbon is sourced from SDI Biocarbon Solutions—75% owned by Steel Dynamics—with an annual production capacity of 228,000 metric tons.
Oct 27, 2025, 11:00 AM
Steel Dynamics reports Q3 2025 results
STLD
Earnings
Share Buyback
New Projects/Investments
- Steel Dynamics achieved record steel shipments of 3.6 million tons, revenues of $4.8 billion, adjusted EBITDA of $664 million, earnings per share of $2.74, and cash flow from operations of $723 million in Q3 2025.
- Steel operations operating income rose 30% sequentially to $498 million, driven by record shipments and metal spread expansion; volumes included 1.097 million tons of hot band, 120,000 tons of cold-rolled, and 1.486 million tons of coated product, with Q4 maintenance potentially reducing volume by ~85,000 tons.
- Aluminum flat-rolled operations recorded a startup loss of $57 million in Q3, with full-year 2025 losses expected around $40 million, and monthly EBITDA breakeven targeted in Q4 2025.
- Financial flexibility remains strong with $2.2 billion of liquidity; 2025 capital expenditures are guided at $200 million, rising to $500–600 million in 2026; the company has repurchased $661 million of stock YTD, leaving $1 billion available.
Oct 21, 2025, 3:00 PM
Steel Dynamics reports Q3 2025 results
STLD
Earnings
Share Buyback
- Q3 2025 revenue of $4.828 billion, up 11% year-over-year and 6% sequentially.
- Net income of $404 million (+27% YoY, +35% QoQ) and diluted EPS of $2.74 (+34% YoY, +36% QoQ).
- Adjusted EBITDA of $664 million (14% margin), a 19% increase YoY and 24% sequential gain.
- Free cash flow of $498 million and share repurchases of $210 million (1.1% of shares outstanding).
Oct 21, 2025, 3:00 PM
Steel Dynamics announces Q3 2025 results
STLD
Earnings
Share Buyback
- The company posted Q3 2025 net sales of $4.8 billion and net income of $404 million ($2.74 per diluted share).
- Achieved record steel shipments of 3.6 million tons in the quarter.
- Delivered adjusted EBITDA of $664 million, operating cash flow of $723 million, and maintained liquidity of over $2.2 billion.
- Returned capital via $210 million in share repurchases, representing 1.1% of outstanding shares.
Oct 21, 2025, 2:54 PM
Quarterly earnings call transcripts for STEEL DYNAMICS.
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