Key TakeawaysSteel Dynamics warned that lower prices and shipments and an unplanned outage at a factory will affect current-quarter earnings.The steelmaker sees fourth-quarter profit of $1.26 to $1.30, while Visible Alpha analysts were expecting $1.60.However, the company said prices have stabilized and demand remains solid. Steel Dynamics (STLD) provided lower-than-expected guidance for the current quarter, in part because of a problem with one of its plants. However, shares of the steelmaker recently edge ...

FORT WAYNE, Ind., Dec. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided fourth quarter 2024 earnings guidance in the range of $1.26 to $1.30 per diluted share. Comparatively, the company's sequential third quarter 2024 earnings were $2.05 per diluted share, and prior year fourth quarter earnings were $2.61 per diluted share. Fourth quarter 2024 profitability from the company's steel operations is expected to be meaningfully lower than sequential third quarter results, based on ...

A month has gone by since the last earnings report for Steel Dynamics (STLD) . Shares have added about 2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Steel Dynamics due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Steel Dynamics' Q3 Earnings and Revenues Beat E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______ Commission File Number 0-21719 Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) 35-1929476 (I.R.S. Em ...

FORT WAYNE, Ind., Oct. 30, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that they recently joined the U.S. Environmental Protection Agency's (EPA) Green Power Partnership (GPP). Steel Dynamics was recognized by the U.S. EPA appearing number 21 on their list of Green Power Partners from the Fortune 500® and number 33 on their National Top 100 List of the largest green power users from the GPP. In 2023, Steel Dynamics steel mills utilized 690 million kilowatt-hours (kWh) of gree ...

Steel Dynamics, Inc. (STLD) logged third-quarter 2024 earnings of $2.05 per share, down from $3.47 in the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $1.98.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales in the reported quarter were down around 5% year over year to $4,341.6 million. The top line beat the Zacks Consensus Estimate of $4,251.3 million. While underlying steel demand was steady in the quarter, STLD’s results were impacted by lower avera ...

2022 17 October 2024 Investor Investor Call Presentation Third Quarter 2024 Presentation Health and Safety Health and Safety Entrepreneurial Culture Entrepreneurial Culture Customer Commitment Customer Commitment Financial Strength z z Strategic Growth Strategic Sustainable Growth Innovation Innovation Financial Strength Forward-looking statements and Non-GAAP financial measures Forward-Looking Statements This presentation contains some predictive statements about future events, including statements related ...

Financial Data and Key Metrics Changes - The third quarter 2024 net income was $318 million, or $2.05 per diluted share, with adjusted EBITDA of $557 million [11] - Third quarter 2024 revenue was $4.3 billion, which was lower than the sequential second quarter results due to lower realized flat-rolled steel pricing [11][12] - Operating income for the third quarter was $395 million, a 29% decrease from the sequential second quarter results [11] Business Line Data and Key Metrics Changes - Steel operations generated operating income of $305 million in the third quarter, lower than sequential results due to a decline in average realized pricing [12] - Metals recycling operating income was $12 million, lower than the previous quarter due to lower realized pricing and volume, along with a noncash copper hedging loss of $10 million [13] - Steel fabrication achieved strong operating income of $166 million, although it was lower than the second quarter results due to a 5% decrease in realized pricing [14] Market Data and Key Metrics Changes - The domestic steel industry operated at an estimated production utilization rate of 78%, while the company's steel mills operated at a rate of 86% [23] - The average flat-rolled steel price declined due to contract lags, but prices stabilized and improved during the quarter [24] - Underlying steel demand remains steady, but a surge in steel imports has put pressure on supply dynamics in certain product areas [26] Company Strategy and Development Direction - The company is focused on high-return strategic growth and maintaining a positive dividend profile while preserving investment-grade credit [17] - The construction of aluminum facilities is expected to be EBITDA positive in the second half of 2025, with plans to operate the rolling mill at approximately 75% capacity in 2026 [15][36] - The company is committed to sustainability and has set greenhouse gas emissions intensity targets aligned with the Paris Agreement [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding steel demand and pricing dynamics as they approach 2025, driven by moderating interest rates and increased fixed asset investment [27][41] - The company anticipates that the aluminum growth strategy will leverage core competencies and address the significant deficit in aluminum in North America [30][32] - Management highlighted the importance of a performance-driven culture and diversified business model in driving superior financial metrics [28] Other Important Information - The company generated cash from operations of $760 million in the third quarter and ended the quarter with strong liquidity of $3.1 billion [16] - Capital investments for the fourth quarter of 2024 are expected to be in the range of $500 million to $550 million, with preliminary estimates for 2025 capital investments between $700 million to $800 million [17] - The company has repurchased $970 million of its common stock year-to-date 2024, representing 4.5% of outstanding shares [17] Q&A Session Summary Question: Are there any key personnel additions needed for the aluminum project? - Management stated that the team is well built out with a solid blend of seasoned aluminum professionals and SDI leaders, making talent acquisition easier compared to previous challenges [45][46] Question: Are there any pricing strengths in steel fabrication? - Management indicated that while normal seasonality is expected in the fourth quarter, they foresee opportunities for price appreciation in 2025 due to increased demand from public funding [48] Question: Will the percentage of contractual business change with further ramp-up? - Management expects the contractual relationships to remain in the 70% to 80% range as they grow their new lines [50][51] Question: What is the path to optimal utilization at Sinton? - Management highlighted the importance of reducing unplanned downtime and improving equipment reliability to achieve higher utilization rates [72][74] Question: Will Sinton be EBITDA positive in the fourth quarter? - Management confirmed that Sinton was not EBITDA positive in the third quarter but expects it to be in the fourth quarter and next year [86]

Exhibit 99.1 Press Release October 16, 2024 7575 W. Jefferson Blvd. Fort Wayne, IN 46804 Steel Dynamics Reports Third Quarter 2024 Results FORT WAYNE, INDIANA, October 16, 2024 / PRNewswire / Third Quarter 2024 Performance Highlights: § Steel shipments of 3.2 million tons § Net sales of $4.3 billion, operating income of $395 million, net income of $318 million, and adjusted EBITDA of $557 million § Cash flow from operations of $760 million § Strong liquidity of $3.1 billion, as of September 30, 2024 § Share ...

Steel Dynamics (STLD) reported $4.34 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.4%. EPS of $2.05 for the same period compares to $3.47 a year ago.The reported revenue represents a surprise of +2.12% over the Zacks Consensus Estimate of $4.25 billion. With the consensus EPS estimate being $1.98, the EPS surprise was +3.54%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...