Steel Dynamics, Inc. (NASDAQ:STLD) Q1 2023 Earnings Conference Call April 20, 2023 10:00 AM ET Company Participants David Lipschitz - Director, Investor Relations Mark Millett - Chairman, and Chief Executive Officer Theresa Wagler - Executive Vice President and Chief Financial Officer Conference Call Participants Emily Chieng - Goldman Sachs Curt Woodworth - Credit Suisse Carlos De Alba - Morgan Stanley Timna Tanners - Wolfe Research Tristan Gresser - BNP Paribas Exane Andreas Bokkenheuser - UBS John Tumazo ...

Production Capacity and Operations - Steel Dynamics, Inc. has an estimated steelmaking and steel coating capacity of approximately 16 million tons as of December 31, 2022[24]. - The Southwest-Sinton Flat Roll Division has an annual steel production capacity of approximately 3.0 million tons, with new coating lines expected to begin operations in the second half of 2023[31]. - The company has an annual flat roll steel shipping capacity of approximately 9.4 million tons, with an additional 2.0 million tons from The Techs and Heartland Flat Roll Division[75]. - The flat roll galvanizing capability is 4.7 million tons, and painting capability is 1.5 million tons[75]. - The company shipped 6,771,141 tons of sheet steel products from Butler, Columbus, and Sinton in 2022, an increase from 5,868,734 tons in 2021[82]. - The Structural and Rail Division shipped 1,865,405 tons in 2022, with rail shipments included at 299,795 tons[91]. - The Engineered Bar Products Division produced 894,374 tons in 2022, up from 809,808 tons in 2021[91]. - The company consumed 12.0 million tons of metallic materials in steelmaking in 2022, with iron units other than scrap representing approximately 13%[115]. - The company is focused on developing new aluminum flat roll mill operations, showcasing its commitment to expanding product offerings[52]. Financial Performance - Total net sales for the year ended December 31, 2022, were $22.26 billion, up from $18.41 billion in 2021, representing a growth of 20%[290]. - Gross profit for 2022 was $6.12 billion, compared to $5.36 billion in 2021, indicating an increase of 14%[290]. - Net income attributable to Steel Dynamics, Inc. for 2022 was $3.86 billion, a rise from $3.21 billion in 2021, reflecting a growth of 20%[290]. - Basic earnings per share for 2022 were $21.06, compared to $15.67 in 2021, marking an increase of 34%[290]. - Total assets as of December 31, 2022, were $14.16 billion, up from $12.53 billion in 2021, showing a growth of 13%[288]. - The company reported total liabilities of $6.06 billion as of December 31, 2022, a slight decrease from $6.21 billion in 2021[288]. - Retained earnings increased to $11.38 billion in 2022 from $7.76 billion in 2021, representing a growth of 47%[288]. - The company declared dividends of $1.36 per share in 2022, up from $1.04 per share in 2021[290]. - Net cash provided by operating activities reached $4,460,403, significantly up from $2,204,136 in 2021[298]. - Cash and equivalents at the end of the period increased to $1,633,919 from $1,249,369 in 2021, reflecting a strong liquidity position[298]. Employee and Safety Metrics - Employee retention rate was approximately 81% in 2022, with domestic steel operations retention at 87%[62]. - The total recordable injury rate and lost time injury rate for 2022 were benchmarked against industry standards, emphasizing the company's commitment to safety[59]. - The company emphasizes a culture of safety, with a goal of achieving zero injuries across all operations[58]. - Approximately 5% of the workforce is represented by collective bargaining agreements, with no expirations in 2023, ensuring labor stability[299]. Environmental and Sustainability Initiatives - The joint venture SDI Biocarbon Solutions, LLC aims to produce up to 228,000 metric tons of biocarbon per year, potentially reducing Scope 1 GHG emissions by 35%[45]. - The company’s EAF steelmaking technology generates significantly lower carbon emissions compared to traditional methods, aligning with its sustainability goals[40]. - Steel Dynamics, Inc. aims for continual improvement in minimizing carbon emissions while maintaining compliance with regulations[44]. - The company has set GHG emission reduction goals for 2025, 2030, and 2050, which may lead to increased operational costs and capital expenditures[145]. - Increased focus on environmental sustainability from customers and regulators may affect product demand and operational costs[145]. Market and Economic Conditions - The company is significantly affected by global economic conditions, with potential downturns impacting demand for its products and overall financial performance[130]. - The steel industry is cyclical, and fluctuations in demand from key sectors such as construction and automotive can lead to significant variations in sales and profitability[139]. - Global steelmaking overcapacity and imports may exert downward pressure on U.S. steel prices, adversely affecting the company's financial results[134]. - Economic uncertainties, including inflation and interest rate changes, may reduce customer confidence and spending, adversely affecting sales[132]. Strategic Initiatives and Growth - The company completed the acquisition of ROCA ACERO, S.A. de C.V. in 2022, enhancing its raw material procurement strategy[95]. - The company announced a planned project to construct a recycled aluminum flat roll mill with an anticipated annual production capacity of 650,000 tonnes of finished products located in Columbus, Mississippi[157]. - The company is focused on research and development to improve steel products and alternative ironmaking technologies[117]. - The company aims to expand its customer base in painted, line pipe, and other pipe products through its Flat Roll divisions[83]. Risks and Challenges - The company faces risks related to the creditworthiness of customers and suppliers, which can be exacerbated during periods of increased interest rates[132]. - Supply chain disruptions, particularly in raw materials like ferrous scrap, can adversely affect production and financial performance[140]. - The company is exposed to risks from global steel price fluctuations, which can compress metal spreads and impact profitability[134]. - Compliance with environmental laws and regulations may result in substantially increased capital requirements and operating costs, impacting the company's financial condition[147]. - The company is subject to cybersecurity threats that may adversely affect its business and financial results[159]. - The company may face risks associated with its growth strategy, including potential delays and cost overruns in new facility construction[161].

Steel Dynamics, Inc. (NASDAQ:STLD) Q4 2022 Results Conference Call January 26, 2023 10:00 AM ET Company Participants David Lipschitz - Director of Investor Relations Mark Millett - President and Chief Executive Officer Theresa Wagler - Executive Vice President and Chief Financial Officer Conference Call Participants Emily Chieng - Goldman Sachs Carlos De Alba - Morgan Stanley Timna Tanners - Wolfe Research Curtis Woodworth - Credit Suisse AG Tristan Gresser - BNP Paribas Exane Andreas Bokkenheuser - UBS Inv ...

Steel Dynamics, Inc. (NASDAQ:STLD) Q3 2022 Earnings Conference Call October 20, 2022 11:30 AM ET Company Participants David Lipschitz - Director, Investor Relations Mark Millett - Chairman, President & Chief Executive Officer Theresa Wagler - Executive Vice President & Chief Financial Officer Conference Call Participants Emily Chieng - Goldman Sachs Carlos De Alba - Morgan Stanley Timna Tanners - Wolfe Research Cleveland Rueckert - UBS Securities Alex Hacking - Citi Curt Woodworth - Credit Suisse Phil Gibbs ...

Steel Dynamics, Inc. (NASDAQ:STLD) Q2 2022 Earnings Conference Call July 21, 2022 9:00 AM ET Company Participants David Lipschitz – Director, Investor Relations Mark Millett – Chairman and Chief Executive Officer Theresa Wagler – Executive Vice President and Chief Financial Officer Conference Call Participants Emily Chieng – Goldman Sachs Seth Rosenfeld – BNB Paribas Carlos De Alba – Morgan Stanley Timna Tanners – Wolfe Research Phil Gibbs – KeyBanc Andrew Keches – Barclays Operator Good day, and welcome to ...

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