Group 1 - Steel Dynamics (STLD) stock closed at $123.34, reflecting a -1.07% change from the previous day, underperforming the S&P 500's daily loss of 0.19% [1] - Over the past month, Steel Dynamics shares increased by 2.69%, which is below the Basic Materials sector's gain of 3.7% but above the S&P 500's gain of 1.95% [1] - The upcoming earnings report on October 16, 2024, is expected to show an EPS of $1.94, a decline of 44.09% year-over-year, with projected quarterly revenue of $4.25 billion, down 7.35% from the previous year [1] Group 2 - For the full year, earnings are projected at $10.32 per share and revenue at $17.64 billion, reflecting declines of -30.97% and -6.16% respectively from the prior year [2] - Recent analyst estimate revisions for Steel Dynamics indicate short-term business trends, with positive revisions seen as a favorable sign for the company's outlook [2] - The Zacks Rank system, which assesses stock performance based on estimate changes, currently ranks Steel Dynamics at 3 (Hold) [3] Group 3 - Steel Dynamics has a Forward P/E ratio of 12.09, aligning with the industry average, suggesting no significant deviation in valuation [3] - The Steel - Producers industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 150, placing it in the bottom 41% of over 250 industries [3] - The Zacks Industry Rank indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [4]

Steel Dynamics, Inc. (STLD) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company's second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.STLD’s steel operations profitability is expected to be significantly lower than  the second quarter due to reduced average realized pricing in the flat rolled operations. Approximately 80% of this business is contract-based, linked to lagging pricing ...

In the latest trading session, Steel Dynamics (STLD) closed at $108.74, marking a -1.81% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.The steel producer and metals recycler's shares have seen a decrease of 4.51% over the last month, not keeping up with the Basic Materials sector's loss of 0.34% and the S&P 500's gain of 2.54%.The investment community will be closely monitoring ...

FORT WAYNE, Ind., Sept. 5, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to apply antidumping duties against imports of corrosion resistant flat rolled steel (CORE) from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, UAE, and Vietnam, and countervailing duties against imports of CORE from Brazil, Canada, Mexico, and Vietnam. The company was joined by four other ...

Steel Dynamics (STLD) ended the recent trading session at $113.12, demonstrating a -0.74% swing from the preceding day's closing price. This change lagged the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%.Shares of the steel producer and metals recycler witnessed a loss of 6.88% over the previous month, trailing the performance of the Basic Materials sector with its gain of 0.19% and the S&P 500's gain of 3.64%.The ...

FORT WAYNE, Ind., Aug. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2024 and is payable on or about October 11, 2024.About Steel Dynamics, Inc.Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking ...

It has been about a month since the last earnings report for Steel Dynamics (STLD) . Shares have lost about 8.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Steel Dynamics due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Steel Dynamics’ Q2 Earnings and Sales Be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______ Commission File Number 0-21719 Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) | Indiana | 35-1929476 | | ...

Monty Rakusen Shares of Steel Dynamics (NASDAQ:STLD) have been a solid performer over the past year, rising about 25%. However, shares have pulled back over 10% from their high as investors have been concerned about a potential slowing in the economy. I last covered STLD in April, reiterating shares as a “buy.” Since that recommendation, performance has been disappointing with shares down 13% even as the market has rallied 5%. With solid Q2 results and long-term tailwinds, I believe this is a dip that s ...

Financial Data and Key Metrics Changes - In Q2 2024, the company reported net income of $428 million or $2.72 per diluted share, with adjusted EBITDA of $686 million and revenues of $4.6 billion, slightly below the previous quarter due to lower realized steel pricing [10][18] - Operating income decreased by 26% sequentially to $559 million, primarily due to steel metal spread contraction as pricing declined more than scrap raw material costs [10][11] - Cash flow from operations was strong at $383 million, with liquidity ending at $2.7 billion, including $1.5 billion in cash and short-term investments [17][19] Business Line Data and Key Metrics Changes - Steel operations generated operating income of $442 million, a 34% decrease sequentially, attributed to a decline in average realized pricing [11] - The steel fabrication team achieved operating income of $181 million, slightly higher than the first quarter, supported by an 11% increase in shipments [12] - Operating income from metals recycling operations was $32 million, significantly higher than the previous quarter, driven by increased volumes and operational efficiencies [12][22] 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 81% [24] - Realized steel pricing declined across product portfolios, but value-added flat rolled steel pricing spreads remained resilient [25] - North American automotive production estimates for 2024 were revised to a strong 16 million units, with continued growth expected in 2025 and 2026 [27] Company Strategy and Development Direction - The company is focused on expanding its aluminum growth strategy, with a $2.7 billion investment in aluminum flat rolled facilities expected to be EBITDA positive in the second half of 2025 [14][34] - The construction of new value-added flat rolled steel coating lines is expected to increase volume and profitability [29] - Sustainability is a key part of the long-term value creation strategy, with initiatives aimed at reducing greenhouse gas emissions [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding steel demand and pricing dynamics for 2024, citing onshoring and infrastructure spending as supportive factors [28][39] - The company anticipates a significant step-up in profitability from the Sinton facility in the second half of the year [55] - Management highlighted the importance of maintaining a strong balance sheet while pursuing growth opportunities [66] Other Important Information - The company repurchased $607 million of its common stock in 2024, representing 3% of outstanding shares, and increased its quarterly cash dividend by 8% [18][19] - The total project costs for aluminum investments are reaffirmed at $2.7 billion, with $1.5 billion already invested through June 2024 [16][34] Q&A Session Summary Question: What is the expected recycled content in the aluminum project? - The target for UBC is around 90% to 95%, while for can sheet it is aimed at 90% to 95% [43] Question: Can you provide an update on processing capacity for low copper shredded scrap? - The company is expanding processing capabilities at shredding operations and is confident in creating a volume that matches productivity at sheet mills [46][49] Question: Why is Sinton still guided at 75% utilization for the second half? - The company is confident in the market's ability to absorb higher volumes from Sinton, particularly due to demand in Mexico [60][59] Question: What is the margin difference between industrial products and can sheet? - Thinner margins tend to be in can sheet, while industrial products, especially those processed through paint lines, are more valuable [62] Question: What is the direction of the balance sheet moving forward? - The balance sheet has extra capacity for leverage, and the company plans to maintain strong shareholder distributions while exploring growth opportunities [66]