Financial Performance - Q4 2024 net sales were $3.9 billion with net income of $207 million, or $1.36 per diluted share, compared to Q3 2024 net income of $318 million and Q4 2023 net income of $424 million[2] - Annual 2024 net sales were $17.5 billion, operating income was $1.9 billion, and net income was $1.5 billion, or $9.84 per diluted share, compared to 2023 net income of $2.5 billion[10] - Net sales for Q4 2024 decreased to $3.87 billion, down 8.5% from $4.23 billion in Q4 2023[23] - Gross profit for Q4 2024 dropped to $441.7 million, a 39.6% decline from $730.9 million in Q4 2023[23] - Net income for Q4 2024 fell to $209.9 million, a 50.8% decrease from $427.0 million in Q4 2023[23] - Basic earnings per share for Q4 2024 decreased to $1.36, a 48.3% decline from $2.63 in Q4 2023[23] - Consolidated Net Sales for 2024 were $17,540,390, down from $18,795,316 in 2023[29] - Adjusted EBITDA for 2024 was $2,493,758, a decrease from $3,662,975 in 2023[29] Steel Operations - Annual 2024 steel shipments reached 12.7 million tons, with steel operations achieving operating income of $1.6 billion and steel fabrication operations achieving operating income of $667 million[5] - Q4 2024 steel operations operating income was $165 million, a 46% sequential decline due to lower shipments and metal spread compression, with an unplanned outage reducing volume by 50,000 tons[6] - External Net Sales for Steel in Q4 2024 were $2,645,994, a decrease from $2,915,325 in Q4 2023[29] - Operating Income for Steel in Q4 2024 was $164,989, compared to $364,829 in Q4 2023[29] - Average external sales price for Steel in Q4 2024 was $1,011 per ton, down from $1,090 in Q4 2023[29] - Flat Roll shipments in 2024 totaled 7,702,731 tons, up from 7,459,023 tons in 2023[29] - Total Shipments for 2024 were 12,660,487 tons, slightly down from 12,821,753 tons in 2023[29] - Ferrous shipments in 2024 were 5,850,544 gross tons, up from 5,792,484 gross tons in 2023[29] Metals Recycling Operations - Q4 2024 metals recycling operations operating income was $23 million, a $13 million increase from Q3 2024, driven by metal spread improvement and cost efficiencies[8] - Nonferrous shipments in 2024 were 965,491 thousand pounds, compared to 970,445 thousand pounds in 2023[29] Steel Fabrication Operations - Q4 2024 steel fabrication operations operating income was $142 million, with a strong order backlog extending into H1 2025 at attractive pricing levels[9] - Steel Fabrication shipments in 2024 were 607,407 tons, down from 662,539 tons in 2023[29] Cash Flow and Investments - Annual 2024 cash flow from operations was $1.8 billion, with $1.9 billion invested in organic growth, $283 million in dividends, and $1.2 billion in share repurchases, representing 6% of outstanding shares[12] - Cash and equivalents decreased to $589.5 million at the end of 2024, down 57.9% from $1.40 billion at the end of 2023[25] - Net cash provided by operating activities for Q4 2024 was $346.9 million, a 59.9% decrease from $864.6 million in Q4 2023[27] - Purchases of property, plant and equipment totaled $1.87 billion for the full year 2024, a 12.7% increase from $1.66 billion in 2023[27] - Dividends declared per share increased to $0.46 in Q4 2024, up 8.2% from $0.425 in Q4 2023[23] Future Outlook and Strategic Initiatives - The company expects increased demand in 2025 due to stabilized steel pricing, lower-carbon emission steel demand, and reduced unfairly traded steel imports, particularly for coated flat rolled steel[13] - Four new flat rolled steel coating lines began operations in H1 2024, with full run-rate earnings potential expected in 2025, contributing to over 65% of steel revenues from higher-margin products[14] - The aluminum team successfully cast the first industrial and beverage can ingots on January 12, 2025, with commercial production expected by mid-2025, targeting the sustainable beverage can and packaging industry[15] Balance Sheet and Liabilities - Total assets remained stable at $14.94 billion at the end of 2024, compared to $14.91 billion at the end of 2023[25] - Total current liabilities decreased to $2.15 billion at the end of 2024, down 7.8% from $2.33 billion at the end of 2023[25]

Earnings Performance - Steel Dynamics reported Q4 2024 earnings of $1.36 per share, down from $2.61 in the year-ago quarter but beating the Zacks Consensus Estimate of $1.29 [1] - Full-year 2024 earnings were $9.84 per share, declining from $14.64 per share in 2023 [6] Revenue Performance - Q4 2024 net sales decreased 8.5% YoY to $3,872.1 million, missing the Zacks Consensus Estimate of $3,956.4 million [2] - Full-year 2024 net sales were $17.5 billion, down from $18.8 billion in 2023 [6] Segment Performance - Steel operations net sales declined 9.2% YoY to $2,645.9 million, with shipments down to 3.02 million tons from 3.06 million tons [3] - Metals recycling operations net sales increased 9.7% YoY to $482 million, with ferrous shipments up to 1.42 million gross tons from 1.36 million tons [4] - Steel fabrication operations net sales decreased 23.8% YoY to $396.2 million, with shipments down to 145,901 tons from 150,002 tons [5] Financial Position - The company generated $1.8 billion in cash flow from operations in 2024 [7] - STLD spent $1.9 billion on organic growth projects, paid $283 million in cash dividends, and repurchased $1.2 billion of its common stock, representing 6% of total outstanding shares [7] - The company maintained excellent liquidity of $2.2 billion as of Dec 31, 2024 [7] Market Outlook - Steel Dynamics expects rising demand across its operational platforms in 2025, supported by stabilized steel pricing and strong customer optimism [8] - The company anticipates increased demand for US-manufactured steel products with reduced carbon emissions, driven by onshoring of manufacturing businesses and public funding from US infrastructure and energy programs [8] Stock Performance - Steel Dynamics shares gained 5.5% over the past year, outperforming its industry's 23% decline [9] Industry Comparison - Carpenter Technology Corporation (CRS) is expected to report Q2 earnings of $1.58, with a Zacks Rank 2 (Buy) [11] - Hecla Mining Company (HL) is expected to report Q4 earnings of 4 cents, with a Zacks Rank 1 [12] - Ingevity Corporation (NGVT) is expected to report Q4 earnings of 12 cents, with a Zacks Rank 1 [13]

Core Insights - Steel Dynamics reported revenue of $3.87 billion for Q4 2024, an 8.5% decline year-over-year, with EPS of $1.36 compared to $2.61 a year ago, missing the Zacks Consensus Estimate of $3.96 billion by 2.13% [1] - The company delivered an EPS surprise of +5.43%, exceeding the consensus EPS estimate of $1.29 [1] Financial Performance Metrics - Average external sales price for steel was $1,011 per ton, surpassing the four-analyst average estimate of $981.38 per ton [4] - Average sales price for steel fabrication was $2,718 per ton, slightly below the four-analyst average estimate of $2,727.95 per ton [4] - External net sales for steel were reported at $2.65 billion, matching the average estimate but reflecting a year-over-year decline of 9.2% [4] - External net sales for steel fabrication were $396.23 million, below the average estimate of $407.75 million, with a year-over-year decline of 23.9% [4] - External net sales for metals recycling were $482.08 million, compared to the average estimate of $546.89 million, showing a year-over-year change of -1.2% [4] - External net sales for other segments were $287.74 million, below the average estimate of $353.72 million, representing a year-over-year decline of 7% [4] Stock Performance - Steel Dynamics shares returned +6.5% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Group 1: Earnings Performance - Steel Dynamics reported quarterly earnings of $1.36 per share, exceeding the Zacks Consensus Estimate of $1.29 per share, but down from $2.61 per share a year ago, representing an earnings surprise of 5.43% [1] - The company posted revenues of $3.87 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.13% and down from $4.23 billion year-over-year [2] Group 2: Stock Performance and Outlook - Steel Dynamics shares have increased approximately 9.3% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.92 on revenues of $4.22 billion, and for the current fiscal year, it is $9.18 on revenues of $17.71 billion [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Steel - Producers industry is currently in the bottom 17% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Nucor, is expected to report a significant decline in earnings, with a projected EPS of $0.67, reflecting a year-over-year change of -78.8% [9]

Financial Performance - In Q4 2024, the company reported net sales of $3.9 billion and net income of $207 million, translating to $1.36 per diluted share, a decline from Q3 2024's net income of $318 million or $2.05 per diluted share, and from Q4 2023's net income of $424 million or $2.61 per diluted share [1][5][8] - For the full year 2024, net sales totaled $17.5 billion, with net income of $1.5 billion or $9.84 per diluted share, compared to $18.8 billion in net sales and $2.5 billion in net income or $14.64 per diluted share in 2023, marking a 7% decrease in sales and a 38% decline in operating income [2][8][9] Operational Highlights - The company achieved near-record annual shipments of 12.7 million tons and strong operating income of $1.6 billion from steel operations, despite facing pricing pressures due to increased steel imports [4][10] - The metals recycling operations reported an operating income of $77 million, demonstrating resilience despite a challenging pricing environment [4][6] Market Dynamics - Domestic steel demand remained stable in 2024, supported by sectors such as construction, automotive, industrial, and energy, although imports of coated flat rolled steels increased, impacting supply and pricing [3][12] - The company anticipates a decline in unfairly traded steel imports in 2025, which, combined with steady North American steel demand, is expected to create a favorable commercial environment [3][13] Strategic Investments - The company invested $1.9 billion in organic growth initiatives and maintained strong liquidity of $2.2 billion as of December 31, 2024, while also repurchasing $1.2 billion of its common stock [2][12] - New value-added flat rolled steel coating lines that began operating in 2024 are expected to enhance production capabilities and contribute to higher-margin product offerings [14][15] Future Outlook - The company is optimistic about market dynamics supporting increased demand across its operations in 2025, with stabilized steel pricing and a positive customer outlook [13][16] - The ongoing onshoring of manufacturing and significant public funding for infrastructure projects are expected to bolster demand for steel products [13][15]

Core Viewpoint - Steel Dynamics, Inc. (STLD) is expected to report its fourth-quarter 2024 results on January 22, with anticipated lower profitability due to weaker steel prices and operational challenges [1][10]. Financial Performance - STLD has beaten the Zacks Consensus Estimate in three of the last four quarters, with a trailing four-quarter earnings surprise of approximately 2.1% on average [2]. - The earnings surprise for the last reported quarter was around 3.5% [2]. - The Zacks Consensus Estimate for fourth-quarter earnings is currently set at $1.29 per share, with the company projecting earnings in the range of $1.26 to $1.30 per share [6][8]. Revenue Expectations - The Zacks Consensus Estimate for revenues in the upcoming quarter is $3,970.4 million, indicating a year-over-year decline of 6.2% [9]. Market Conditions - U.S. steel prices have sharply declined in 2024, dropping more than 40% from $1,200 per short ton at the beginning of the year due to reduced demand and oversupply [12]. - Current prices are around $700 per short ton, with a modest recovery not expected in the near term due to weak manufacturing and demand [13]. Operational Challenges - Steel Dynamics has indicated that profitability in its steel operations is expected to be significantly lower than in the third quarter, influenced by reduced average realized pricing, lower shipments, and an unplanned outage that reduced volume by approximately 50,000 tons [11]. - The average external selling price per ton for the company's steel operations is estimated at $977, reflecting a 10.3% year-over-year decline and a 7.7% sequential decrease [14].

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Steel Dynamics (STLD) . This company, which is in the Zacks Steel - Producers industry, shows potential for another earnings beat.This steel producer and metals recycler has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was ...

Wall Street analysts expect Steel Dynamics (STLD) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates a year-over-year decline of 50.6%. Revenues are expected to be $3.97 billion, down 6.2% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 9.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...

Steel Dynamics (STLD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January ...

FORT WAYNE, Ind., Jan. 10, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release Fourth Quarter and Full Year 2024 financial results after market close on Wednesday, January 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Standard Time on Thursday January 23, 2025 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler ...