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 ...

Steel Dynamics (STLD) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $3.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.54%. A quarter ago, it was expected that this steel producer and metals recycler would post earnings of $2.67 per share when it actually produced earnings of $2.72, delivering a surprise of 1.87%.Over the last fou ...

Financial Performance - Steel shipments for Q3 2024 were 3.2 million tons, with net sales of $4.3 billion, operating income of $395 million, and net income of $318 million [1] - Adjusted EBITDA for Q3 2024 was $557 million, with cash flow from operations of $760 million [1] - The company repurchased $310 million of its common stock, representing 1.6% of outstanding shares [1] - Net income for the first nine months of 2024 was $1.3 billion, a decline from $2.0 billion in the same period in 2023 [3] - Operating income for the first nine months of 2024 decreased by 35% to $1.7 billion compared to the same period in 2023 [3] Operational Highlights - The Sinton Texas Flat Roll Steel Mill operated at 72% of its capability in September 2024, excluding scheduled downtime [2] - Steel fabrication operations achieved operating income of $166 million in Q3 2024, with steady demand and a 5% softening in average realized pricing [2] - The company's metals recycling operations saw a decline in operating income to $12 million in Q3 2024 due to softer demand and a $10 million unrealized copper hedging loss [2] - The company's steel operations realized a slight improvement in metal spread as scrap pricing declined more than average realized pricing [1] Market and Demand Outlook - Underlying steel demand remained stable in Q3 2024, with flat rolled steel prices stabilizing and improving later in the quarter [1] - The company expects steel pricing to recover in 2025 due to anticipated lower domestic interest rates, onshoring of manufacturing, and infrastructure investments [4] - The company's new value-added flat rolled steel coating lines are expected to contribute to earnings in 2025, with higher-margin products already representing over 65% of steel revenues [4] - The aluminum flat rolled products mill is expected to begin operations in mid-2025, targeting the sustainable beverage can and packaging industry, as well as automotive, industrial, and construction sectors [4] Capital Allocation and Investments - The company invested $621 million in internal growth initiatives in Q3 2024 and distributed $381 million to shareholders through dividends and share repurchases [1] - For the first nine months of 2024, the company invested $1.4 billion in capital investments and repurchased $917 million of its common stock, representing 4.5% of outstanding shares [3] - The company maintains strong liquidity of $3.1 billion as of September 30, 2024 [1] Segment Performance - Steel operations generated $305 million in operating income in Q3 2024, with average external product selling prices decreasing by $79 per ton sequentially to $1,059 per ton [2] - Steel fabrication operations achieved $166 million in operating income in Q3 2024, with steady demand and a 5% softening in average realized pricing [2] - Metals recycling operations saw a decline in operating income to $12 million in Q3 2024 due to softer demand and a $10 million unrealized copper hedging loss [2]

Steel Dynamics, Inc. (STLD) is set to release third-quarter 2024 results after the closing bell on Oct. 16.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Steel Dynamics’ earnings beat the Zacks Consensus Estimate in two of the last four quarters while missed twice. It has a trailing four-quarter earnings surprise of roughly 1.1%, on average. The company posted an earnings surprise of around 1.9% in the last reported quarter. Its third-quarter results are likely to have been impacte ...

Core Insights - Analysts project Steel Dynamics (STLD) will report quarterly earnings of $1.98 per share, a decline of 42.9% year over year, with revenues expected to reach $4.25 billion, down 7.4% from the same quarter last year [1] - The consensus EPS estimate has been revised downward by 15.9% in the past 30 days, indicating a reassessment by covering analysts [1] - The correlation between earnings estimate revisions and short-term stock price performance is emphasized as a significant indicator for investor actions [1] Revenue and Sales Estimates - 'External Net Sales- Steel' is estimated at $2.94 billion, reflecting a year-over-year decline of 6.3% [2] - 'External net sales- Steel Fabrication' is projected to reach $444.09 million, indicating a year-over-year decrease of 29.5% [2] - 'External net sales- Metals Recycling' is forecasted at $555.76 million, showing a year-over-year increase of 6.7% [2] Additional Key Metrics - 'External net sales- All Other' is expected to be $298.80 million, with a slight year-over-year change of -0.3% [3] - The estimated 'Average External Sales Price (Per ton) Shipped - Steel' is $1,046.43, down from $1,191 in the previous year [3] - The consensus for 'Average Sales Price (Per ton) Shipped - Steel Fabrication' is $2,864.09, compared to $3,916 last year [3] - 'Shipments in Tons - Steel Fabrication Segment' are expected to be 155.50 KTon, down from 161.7 KTon year-over-year [3] - 'Average Ferrous Cost (Per ton melted)' is projected at $362.66, down from $405 last year [3] Shipment Estimates - 'Shipments in Tons - Flat Roll shipments' are estimated at 2,692.82 KTon, compared to 2,192.27 KTon last year [4] - 'Shipments in Tons - Metals Recycling - Ferrous' is expected to be 1,483.17 KTon, slightly up from 1,442.96 KTon in the same quarter last year [4] - 'Shipments in Tons - Flat Roll shipments - Butler, Columbus and Sinton' are projected at 1,954.70 KTon, compared to 1,740.13 KTon last year [4] - 'Shipments in Tons - Long Product shipments - Engineered Bar Products Division' is expected to reach 191.16 KTon, down from 201.9 KTon year-over-year [4] Stock Performance - Steel Dynamics shares have increased by 16.2% in the past month, outperforming the Zacks S&P 500 composite, which rose by 5.4% [5] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [5]