Key Takeaways Steel Dynamics forecast Q4 EPS of $1.65-$1.69, above Q4 2024 but well below Q3 2025 levels.STLD cites lower realized steel prices, seasonal demand and mill outages curtailing 140k-150k tons.Steel Dynamics notes steady orders, backlog into Q2 2026, and $200M in Q4 buybacks. Steel Dynamics, Inc. (STLD) has announced earnings guidance for the fourth quarter of 2025 in the range of $1.65 to $1.69 per share. This view implies an increase from $1.36 reported in the fourth quarter of 2024. Still, it  ...

Core Viewpoint - Steel Dynamics (STLD) has shown strong performance in recent trading sessions, outperforming major indices and demonstrating significant gains over the past month and anticipated earnings growth [1][2]. Company Performance - Steel Dynamics closed at $172.74, reflecting a +2.13% increase from the previous day, while the S&P 500, Dow, and Nasdaq experienced losses of 1.16%, 0.47%, and 1.81% respectively [1]. - The stock has gained 9.39% over the past month, surpassing the Basic Materials sector's gain of 5.81% and the S&P 500's gain of 1.03% [1]. Upcoming Earnings - The company is expected to report an EPS of $2.22, representing a 63.24% increase from the same quarter last year [2]. - Revenue is forecasted at $4.62 billion, indicating a 19.42% increase compared to the same quarter last year [2]. Annual Forecast - For the entire year, earnings are projected at $8.4 per share, reflecting a -14.63% change from the previous year, while revenue is expected to be $18.39 billion, showing a +4.82% change [3]. Analyst Estimates - Recent changes to analyst estimates for Steel Dynamics are crucial as they indicate shifting business trends, with positive revisions suggesting confidence in performance and profit potential [4]. - The Zacks Consensus EPS estimate has decreased by 0.94% over the past month, and Steel Dynamics currently holds a Zacks Rank of 3 (Hold) [6]. Valuation Metrics - Steel Dynamics is trading at a Forward P/E ratio of 20.13, which is higher than the industry average of 13.85 [7]. - The company has a PEG ratio of 1.13, compared to the industry average PEG ratio of 0.76 [7]. Industry Context - The Steel - Producers industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 150, placing it in the bottom 40% of over 250 industries [8]. - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [8].

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Core Viewpoint - Steelmakers Nucor and Steel Dynamics have indicated that their fourth-quarter earnings will significantly fall below Wall Street's expectations [1] Company Summary - Nucor and Steel Dynamics are both major players in the steel manufacturing industry [1] - The warning about earnings suggests potential challenges in the market environment affecting these companies [1] Industry Summary - The steel industry is facing pressures that may lead to lower-than-expected financial performance for key companies [1] - The earnings forecast indicates a broader trend that could impact investor sentiment and market dynamics within the steel sector [1]

Steel Dynamics, Inc. (STLD) said it expects fourth quarter earnings in the range of $1.65 to $1.69 per share. Comparatively, prior year fourth quarter earnings were $1.36 per share. The company currently plans to release its fourth quarter earnings on January 26, 2026. The company noted that it has repurchased an estimated $200 million, or one percent, of its common stock so far during the fourth quarter 2025.Shares of Steel Dynamics are down 2.5% to $164.89 in pre-market trade on Wednesday.For more earnin ...

Industry Overview - The steel industry faced significant price volatility and uneven demand in 2025, influenced by factors such as a slowdown in China, U.S. tariff actions, and fluctuating input costs [1][3] - Steel prices began 2025 weakly, with a peak of nearly $950 per short ton due to a 25% tariff on steel imports, but later fell below $800 per short ton due to weak demand and high output [3] - A recovery in steel prices was observed in Q4 2025, with prices surpassing $900 per short ton, driven by increased demand in construction and automotive sectors [4] Demand Dynamics - China's steel demand weakened due to an economic slowdown, particularly in the real estate sector, which accounts for approximately 40% of its steel consumption [5] - Global steel prices were pressured by oversupply and increased Chinese steel exports, alongside sluggish industrial activity in Europe due to economic challenges [6] - The automotive sector experienced a slowdown in production, impacting steel consumption, while non-residential construction demand remained strong, supported by government infrastructure projects [7][8] Company Performances - Certain steel companies, including Commercial Metals Company (CMC), ArcelorMittal S.A. (MT), Nucor Corporation (NUE), and Steel Dynamics, Inc. (STLD), achieved over 40% gains year-to-date amid the industry's challenges [2][9] - CMC is expanding through acquisitions and price increases, with a focus on growth in North America and a strong financial position [15][16] - ArcelorMittal is enhancing its steel-making capacity and focusing on high-value products, with a significant share price increase of 94.5% in 2025 [17][18] - Steel Dynamics is investing in capacity expansion and has seen strong order activity, with shares rising 50.1% year-to-date [19][21] - Nucor is leveraging strategic investments and acquisitions to boost production capacity, with a share price increase of 40.8% in 2025 [22][23]

Valued at a market cap of $24.2 billion, Steel Dynamics, Inc. (STLD) is a steel producer and metal recycler based in Fort Wayne, Indiana. It produces hot-rolled, cold-rolled, coated sheet steel, structural beams and rails, specialty steel, while also running extensive metals-recycling operations, downstream steel fabrication, and aluminum production. Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and STLD fits the label perfectly, with its market cap exceeding this ...

Core Insights - Steel Dynamics, Inc. (NASDAQ:STLD) is recognized as one of the 15 Dividend Stocks that outperform the S&P 500 [1] - Bank of America raised its price target for Steel Dynamics from $155 to $185 while maintaining a Buy rating, reflecting an update in price forecasts for North American metals and mining stocks [2] - The company reported a strong third-quarter performance with record steel shipments of 3.6 million tons and revenues of $4.8 billion, alongside an adjusted EBITDA of $664 million [3] Financial Performance - Steel Dynamics achieved record steel shipments of 3.6 million tons in Q3 2025, generating revenues of $4.8 billion [3] - Adjusted EBITDA for the quarter was reported at $664 million, supported by robust operating cash flow of $723 million [3] - The steel fabrication segment saw a 12% increase in volumes, with steady order activity and a backlog extending through Q1 2026 [3] Future Outlook - The company anticipates fourth-quarter aluminum operations to incur losses of approximately $40 million, an improvement from the previous quarter [4] - Capital expenditures for Q4 are projected to be around $200 million, with early 2026 CapEx estimates between $500 million and $600 million [4] - Management aims for a 75% utilization rate for aluminum operations by the end of 2026 and expects an optimized product mix by 2027 [4]

Core Insights - Steel Dynamics, Inc. (STLD) has completed the acquisition of the remaining 55% ownership interest in New Process Steel, increasing its total stake to 100% [1][6] - The acquisition aims to enhance Steel Dynamics' value-added manufacturing capabilities and strengthen its commercial relationship with New Process Steel [1][2] Group 1 - New Process Steel is recognized as a reputable metals solutions and distribution company with a strong operational presence in the U.S. and Mexico [2] - The company is known for quality manufacturing, supply-chain reliability, and long-standing customer partnerships, which are essential for Steel Dynamics' strategic expansion [2] - Full ownership of New Process Steel will provide Steel Dynamics with greater access to differentiated and higher-margin opportunities in value-added manufacturing [3] Group 2 - The acquisition aligns with Steel Dynamics' broader strategy to expand manufacturing capabilities that complement its flat-rolled steel operations [3] - New Process Steel has been one of Steel Dynamics' largest flat-rolled customers, making the integration commercially and operationally synergistic [3][6]

Core Insights - Steel Dynamics, Inc. (NASDAQ:STLD) has been downgraded by UBS from Buy to Neutral, with a revised price target of $165, up from $158, due to valuation concerns after a 22% stock price increase since August [2] - The company reported a revenue of $4.8 billion for Q3 2025, marking an 11% increase year-over-year, with a consolidated operating income growth of 33% and adjusted EBITDA rising 24% sequentially [3] - Steel Dynamics has achieved record quarterly steel shipments, benefiting from reduced import levels and improved performance from its Sinton facility [4] Financial Performance - Revenue for Q3 2025 reached $4.8 billion, an increase of 11% compared to the previous year [3] - Operating income was reported at $508 million, with net income at $404 million [3] - Adjusted EBITDA for the quarter was $664 million, and cash flow from operations totaled $723 million [3] Market Position - Steel Dynamics is a significant player in the US steel production and metal recycling industry, operating multiple steel mills and finishing facilities nationwide [5] - The company has produced finished aluminum flat rolled products for industrial and beverage can markets, as well as hot band for the automotive sector, with customer qualifications occurring sooner than expected [4]