Steel Dynamics (STLD) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Steel Dynamics reported revenue of $4.37 billion for the quarter ended March 2025, a decrease of 6.9% year-over-year, with EPS at $1.44 compared to $3.67 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $4.15 billion by 5.38%, and the EPS also surpassed the consensus estimate of $1.40 by 2.86% [1] Financial Performance - The average external sales price for steel was $998 per ton, lower than the estimated $1,013.61 per ton [4] - The average sales price for steel fabrication was $2,599 per ton, compared to the estimated $2,858.1 per ton [4] - External net sales for steel were $3.07 billion, down 8.9% year-over-year, exceeding the average estimate of $2.89 billion [4] - External net sales for steel fabrication were $352.31 million, representing a year-over-year decline of 21.2%, below the average estimate of $392.77 million [4] - External net sales for metals recycling were $534.90 million, a decrease of 6.1% year-over-year, surpassing the average estimate of $518.05 million [4] - External net sales for other segments were $348.40 million, reflecting a year-over-year increase of 12%, above the average estimate of $305.56 million [4] Market Performance - Steel Dynamics shares have returned -10.4% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]