Key TakeawaysSteel Dynamics gave current quarter guidance that was above estimates as it sees profitability 'meaningfully stronger' than the previous quarter.The steel maker said the gains were driven by its flat rolled steel operations.Steel Dynamics added that because of its confidence in the business, the company repurchased 1.4% of its stock so far in the quarter. Steel Dynamics (STLD) shares soared to a record high after the steel maker reported much better-than-expected guidance on booming demand. Th ...

FORT WAYNE, Ind., March 15, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2024 earnings guidance in the range of $3.51 to $3.55 per diluted share. Comparatively, the company's sequential fourth quarter 2023 earnings were $2.61 per diluted share and prior year first quarter earnings were $3.70 per diluted share. First quarter 2024 profitability from the company's steel operations are expected to be meaningfully stronger than sequential fourth quarter results, based ...

Steel Dynamics (STLD) closed the most recent trading day at $131.34, moving +1.09% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 1.12% for the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.54%.Shares of the steel producer and metals recycler witnessed a gain of 4.93% over the previous month, trailing the performance of the Basic Materials sector with its gain of 5.41% and outperforming the S&P 500's gain of 2.06%.Investors will ...

Steel Dynamics (STLD) closed the most recent trading day at $129.96, moving +1.14% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.51% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.58%.Shares of the steel producer and metals recycler have appreciated by 6.93% over the course of the past month, outperforming the Basic Materials sector's gain of 4.25% and the S&P 500's gain of 2.94%.Analysts and investors alike will be kee ...

In the latest trading session, Steel Dynamics (STLD) closed at $133.82, marking a +1% move from the previous day. This change outpaced the S&P 500's 0.52% gain on the day. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Shares of the steel producer and metals recycler witnessed a gain of 9.78% over the previous month, beating the performance of the Basic Materials sector with its loss of 0.45% and the S&P 500's gain of 3.85%.Analysts and investors a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-21719 Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) Indiana 35-1929476 (State or other jurisdiction of incorporation or organization) ( ...

Steel Dynamics, Inc. (STLD) has announced that its board of directors approved a first-quarter cash dividend of 46 cents per common share, representing an 8% increase over the company's 2023 quarterly rate. The dividend is payable to shareholders of record at the close of business as of Mar 31, 2024, on or around Apr 14, 2024.The company has continuously increased its cash dividend in line with its structural growth strategies, resulting in a robust cash dividend growth profile. STLD believes that this deci ...

FORT WAYNE, Ind., Feb. 26, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a first quarter cash dividend of $0.46 per common share, or 8% increase over the company's 2023 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2024 and is payable on or about April 14, 2024. "We are pleased that our board of directors took this action, based on our confidence in the current and anticipat ...

The most recent trading session ended with Steel Dynamics (STLD) standing at $127.01, reflecting a +1.79% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.04%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.28%.Heading into today, shares of the steel producer and metals recycler had gained 7.66% over the past month, outpacing the Basic Materials sector's gain of 1.21% and the S&P 500's gain of 5.01% i ...

Core Viewpoint - Steel Dynamics reported a decline in Q4 2023 earnings per share and net sales, but exceeded sales estimates, indicating mixed performance in the latest earnings report [2][3]. Financial Performance - Q4 2023 earnings were $2.61 per share, down from $3.61 year-over-year, and slightly below the Zacks Consensus Estimate of $2.63 [2]. - Net sales decreased approximately 12.3% year-over-year to around $4.23 billion, surpassing the Zacks Consensus Estimate of $4.11 billion [2]. - Steel operations net sales were $2.91 billion, down about 0.8% year-over-year, with steel shipments of approximately 3.06 million tons, a modest increase from 2.99 million tons a year ago [3]. - The average external product selling price for steel was $1,090 per ton, down from $1,124 per ton year-over-year, but above the estimate of $1,001 per ton [3]. - Operating income for steel operations was $365 million, reflecting a 24% sequential decline due to lower shipments and metal spread compression [3]. Segment Highlights - Metal recycling operations reported net sales of $488 million, up around 5.3% year-over-year, with ferrous shipments stable at around 1.36 million gross tons [4]. - Steel fabrication operations saw sales of approximately $520.6 million, down 52.2% year-over-year, with shipments falling to 150,002 tons from 208,956 tons a year ago [4]. Financial Position - The company ended the quarter with cash and cash equivalents of about $1.4 billion, a decrease of around 14% year-over-year, while long-term debt was approximately $2.61 billion, down 13.3% [5]. - Steel Dynamics repurchased $1.5 billion of its common stock in 2023, representing 8% of its outstanding shares [5]. Outlook - The company is enhancing operations with a new electric arc furnace flat-rolled steel mill in Texas and has completed construction of four additional value-added flat rolled steel coating lines, expected to increase capacity by 1.1 million tons annually [6]. - Current market dynamics are anticipated to support higher demand across its operating platforms in 2024 [6]. - Estimates for the stock have trended upward, with a consensus estimate shift of 17.17%, indicating positive sentiment [7][8]. - Steel Dynamics holds a Zacks Rank 2 (Buy), suggesting expectations for above-average returns in the coming months [9].