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, 2024 ☐ 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) ( ...

In the latest market close, Steel Dynamics (STLD) reached $133.48, with no movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.01%. Meanwhile, the Dow lost 0.43%, and the Nasdaq, a tech-heavy index, added 0.26%.Shares of the steel producer and metals recycler have appreciated by 5.06% over the course of the past month, outperforming the Basic Materials sector's gain of 0.67% and the S&P 500's loss of 2.26%.Investors will be eagerly watching for the performan ...

Steel Dynamics, Inc.’s (STLD) board of directors has announced a first-quarter cash dividend of 50 cents per common share, a 9% increase over the company's 2024 quarterly rate. The dividend is payable to shareholders of record at the close of business as of March 31, 2025, on or around April 11, 2025.The board also authorized an additional $1.5 billion share repurchase program for the company's common stock. The authorization is effective immediately and adds to the prior $1.5 billion program approved on No ...

Core Viewpoint - Steel Dynamics, Inc. has announced a 9% increase in its first quarter cash dividend to $0.50 per common share, reflecting strong cash generation capabilities and confidence in future growth [1][4] Dividend Announcement - The board of directors declared a cash dividend of $0.50 per common share for the first quarter, which is a 9% increase from the 2024 quarterly rate [1] - The dividend is payable to shareholders of record on March 31, 2025, and will be distributed around April 11, 2025 [1] Share Repurchase Program - An additional share repurchase program of $1.5 billion has been authorized, effective immediately, adding to the previous $1.5 billion program from November 3, 2023, which had $194 million remaining as of December 31, 2024 [2] - Since 2017, the company has repurchased $6.7 billion of its common stock, which represents 41% of its outstanding shares [3] Financial Performance and Strategy - The company has paid cash dividends totaling $1.7 billion through December 31, 2024, while investing $7.1 billion in capital investments and acquisitions over the last five years [3] - Steel Dynamics maintains a strong after-tax return on invested capital of 24%, indicating effective capital utilization [3] Leadership Commentary - The CEO emphasized that these actions demonstrate the board's and leadership's confidence in the company's cash generation capabilities and commitment to shareholder distributions [4] - The share repurchase program allows flexibility in purchasing shares based on market conditions and other investment opportunities [4] Company Overview - Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, with a diverse range of steel products and facilities across the United States and Mexico [5]

Core Insights - Steel Dynamics reported Q4 2024 earnings of $1.36 per share, a decrease from $2.61 in the same quarter last year, but exceeded the Zacks Consensus Estimate of $1.29 [2] - Net sales for Q4 2024 were approximately $3.87 billion, down 8.5% year over year, and missed the Zacks Consensus Estimate of $3.96 billion [2] - For FY24, net sales totaled $17.5 billion, a decline from $18.8 billion in FY23, with earnings per share dropping to $9.84 from $14.64 [6] Segment Performance - Steel operations generated net sales of about $2.65 billion, down 9.2% year over year, with total steel shipments of approximately 3.02 million tons, slightly below the estimate of 3.1 million tons [3] - Metal recycling operations saw net sales of $482 million, reflecting a 9.7% increase from the previous year, although ferrous shipments of 1.42 million gross tons fell short of the estimate [4] - Steel fabrication operations reported sales of around $396.2 million, down 23.8% year over year, with shipments of 145,901 tons, also below estimates [5] Financial Position - In 2024, Steel Dynamics generated cash flow from operations of $1.8 billion, invested $1.9 billion in organic growth projects, paid $283 million in dividends, and repurchased $1.2 billion of common stock, representing 6% of total outstanding shares [7] - The company maintained strong liquidity of $2.2 billion as of December 31, 2024 [7] Market Outlook - Steel Dynamics anticipates favorable market conditions for rising demand in 2025, with stabilized steel pricing and strong customer optimism [8] - The company expects that demand for domestically manufactured steel products with reduced carbon emissions will support future domestic steel prices [8] - The ongoing onshoring of manufacturing and expected public funding for infrastructure projects are expected to bolster the domestic steel industry [8] Estimate Trends - Estimates for Steel Dynamics have trended downward recently, with a consensus estimate shift of -6.25% [10] - The stock currently holds a Zacks Rank 3 (Hold), indicating an expectation of in-line returns in the coming months [12]

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

Core Insights - Steel Dynamics, Inc. has been recognized as one of the World's Most Admired Companies for 2025 by Fortune, marking the eighth consecutive year of this recognition [1][2] Company Overview - Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, with facilities across the United States and Mexico [3] - The company produces a variety of steel products, including hot roll, cold roll, coated sheet steel, structural steel beams, rail, and specialty steel sections, as well as liquid pig iron and scrap processing [3] Recognition Details - The recognition is based on a survey evaluating corporate reputation across nine key attributes, including innovation, people management, and financial soundness [2] - The ranking reflects the strong reputation of Steel Dynamics within the metals industry, highlighting its operational and financial performance [1][2]

Core Insights - Steel Dynamics, Inc. has been recognized as one of the 2025 Global 100 Most Sustainable Corporations, ranking 29th overall and leading the steelmaking industry globally [1][2]. Group 1: Recognition and Methodology - The recognition by Corporate Knights is attributed to the dedication and excellence of the company's teams in safety, innovation, and sustainability [2]. - The Global 100 methodology involved a rigorous assessment of over 8,300 publicly-traded companies with revenues exceeding $1 billion, evaluated across 25 key performance indicators [2]. Group 2: Company Overview - Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, with facilities across the United States and Mexico [3]. - The company produces a variety of steel products, including hot roll, cold roll, coated sheet steel, structural steel beams, rail, and specialty steel sections, as well as liquid pig iron and scrap processing [3].

Financial Data and Key Metrics - The company held its Q4 2024 earnings conference call on January 23, 2025, discussing both quarterly and full-year results [2][4] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to individual markets were provided in the content Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition were provided in the content Management Commentary on Operating Environment and Future Outlook - Some statements made during the call were forward-looking and predictive, typically preceded by words like "believe," "expect," or "anticipate," and are protected by the Private Securities Litigation Reform Act of 1995 [5] Other Important Information - The call was recorded and will be available for replay on the company's website [4] Q&A Session Summary - No specific questions or answers from the Q&A session were provided in the content

2022 23 January 2025 Investor Presentation Investor Call Presentation Fourth Quarter and Full-Year 2024 z Health and Safety Entrepreneurial Culture Customer Commitment Strategic Growth Innovation Financial Strength z Health and Safety Entrepreneurial Culture Customer Commitment Strategic Sustainable Growth Innovation Financial Strength Forward-looking statements and Non-GAAP financial measures Forward-Looking Statements This presentation contains some predictive statements about future events, including sta ...