Core Viewpoint - Nucor Corporation is facing challenges in its fourth-quarter earnings guidance, which is below analyst expectations, but remains optimistic about recovery in 2026 due to improving order backlogs [2][4][6] Financial Performance - Nucor's projected earnings per share (EPS) for the fourth quarter is between $1.65 and $1.75, which is below the consensus estimate of $2.18 [2][6] - The company's current stock price is $160.69, reflecting a decrease of 0.97% or $1.57 [5] - Nucor's market capitalization is approximately $36.78 billion [5] Operational Segments - The anticipated decline in earnings is attributed to seasonal pressures and fewer shipping days, affecting all three operating segments: steel mills, steel products, and raw materials [3] - In the steel mills segment, earnings are expected to decrease due to lower volumes and margin compression, particularly in sheet products [3] - The steel products segment faces challenges with lower volumes and higher average costs per ton, although improved average pricing may provide some relief [3] Shareholder Actions - Nucor has continued its share repurchase program, buying back approximately 0.7 million shares in the fourth quarter at an average price of $145.23, bringing total repurchases for the year to about 5.4 million shares [4][6] Market Outlook - Despite current challenges, Nucor remains optimistic about a recovery in 2026, driven by improving order backlogs [4][6]

Core Viewpoint - Steel Dynamics (STLD) has shown strong performance in recent trading sessions, outperforming major indices and demonstrating significant gains over the past month and anticipated earnings growth [1][2]. Company Performance - Steel Dynamics closed at $172.74, reflecting a +2.13% increase from the previous day, while the S&P 500, Dow, and Nasdaq experienced losses of 1.16%, 0.47%, and 1.81% respectively [1]. - The stock has gained 9.39% over the past month, surpassing the Basic Materials sector's gain of 5.81% and the S&P 500's gain of 1.03% [1]. Upcoming Earnings - The company is expected to report an EPS of $2.22, representing a 63.24% increase from the same quarter last year [2]. - Revenue is forecasted at $4.62 billion, indicating a 19.42% increase compared to the same quarter last year [2]. Annual Forecast - For the entire year, earnings are projected at $8.4 per share, reflecting a -14.63% change from the previous year, while revenue is expected to be $18.39 billion, showing a +4.82% change [3]. Analyst Estimates - Recent changes to analyst estimates for Steel Dynamics are crucial as they indicate shifting business trends, with positive revisions suggesting confidence in performance and profit potential [4]. - The Zacks Consensus EPS estimate has decreased by 0.94% over the past month, and Steel Dynamics currently holds a Zacks Rank of 3 (Hold) [6]. Valuation Metrics - Steel Dynamics is trading at a Forward P/E ratio of 20.13, which is higher than the industry average of 13.85 [7]. - The company has a PEG ratio of 1.13, compared to the industry average PEG ratio of 0.76 [7]. Industry Context - 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 40% of over 250 industries [8]. - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [8].

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Steel Dynamics, Inc. (STLD) said it expects fourth quarter earnings in the range of $1.65 to $1.69 per share. Comparatively, prior year fourth quarter earnings were $1.36 per share. The company currently plans to release its fourth quarter earnings on January 26, 2026. The company noted that it has repurchased an estimated $200 million, or one percent, of its common stock so far during the fourth quarter 2025.Shares of Steel Dynamics are down 2.5% to $164.89 in pre-market trade on Wednesday.For more earnin ...

Core Insights - Commercial Metals Company (CMC) is a significant player in the steel and metal industry, involved in the production and recycling of steel and metal products, operating in both the U.S. and international markets [1] - Jefferies upgraded CMC's stock from Hold to Buy on December 10, 2025, reflecting a more optimistic outlook, with the stock price at $66.19 at the time of the upgrade [2][6] - CMC is expected to see an 87.5% surge in earnings for fiscal 2026, indicating resilience despite challenges such as tariffs and supply-chain issues [3][6] Market Performance - CMC's current stock price is $66.19, with a slight decrease of 0.57, or approximately -0.85%, and has fluctuated between a low of $65.88 and a high of $66.69 today [4] - Over the past year, CMC's stock has ranged from a high of $68.35 to a low of $37.92, showcasing its market volatility [4] - The company's market capitalization is approximately $7.35 billion, highlighting its significant presence in the industry [5][6] Investor Sentiment - There has been an 8.3% increase in broker ratings for CMC, indicating growing confidence in the company's performance [2] - The trading volume today is 556,594 shares on the NYSE, reflecting strong investor interest [5]

Key Takeaways Steel Dynamics acquired the remaining 55% of New Process Steel to take full ownership. The move expands STLD's value-added manufacturing capabilities. New Process Steel's role as a major flat-rolled customer makes the integration synergistic. Steel Dynamics, Inc. (STLD) announced that it has completed the acquisition of the remaining 55% ownership interest in New Process Steel, bringing its total stake to 100%. The transaction follows the company’s earlier purchase of a 45% minority interest i ...

Core Points - Steel Dynamics, Inc. has completed the sale of $650 million of 4.000% Notes due 2028 and an additional $150 million of 5.250% Notes due 2035, with the latter issued at a price of 101.443% of their principal amount, resulting in an implied yield of 5.053% [1][2] - The net proceeds from the issuance will be used to redeem $400 million of 5.000% Notes due 2026 and for general corporate purposes [1][2] Financial Strategy - The company aims to enhance its capital foundation and maintain investment grade credit ratings, which are expected to provide lower-cost and longer-term capital [2] - The redemption of the 2026 Notes is scheduled for December 21, 2025, at a price of 100.000% plus accrued interest [2] Company Overview - Steel Dynamics is a leading industrial metals solutions company operating in the U.S. and Mexico, focusing on lower-carbon-emission products using recycled scrap [5] - The company is one of the largest domestic steel producers and metal recyclers in North America and is diversifying into aluminum operations [5]

Group 1 - Cleveland-Cliffs (CLF) stock received a positive adjustment to its Relative Strength (RS) Rating, increasing from 78 to 82, indicating improved technical performance compared to other stocks [1] - Nucor's RS Rating climbed to 74, reflecting rising price performance and an upgrade in its relative strength [3] - Steel Dynamics also saw its RS Rating jump to 82, showcasing improved relative price performance [3] Group 2 - The stock market experienced fluctuations, with the Dow Jones Industrial Average jumping as Nvidia considers market entry, while Apple remains among stocks near buy points [3] - Cleveland-Cliffs stock surged due to transformative deals influenced by Trump tariffs, highlighting the impact of external factors on stock performance [3]

Core Viewpoint - Steel Dynamics reported strong financial performance in Q3 2025, with earnings per share of $2.74, exceeding estimates and showing significant year-over-year growth [2][3] Financial Performance - Q3 2025 earnings per share increased to $2.74 from $2.05 in the same quarter last year, beating the Zacks Consensus Estimate of $2.66 [2] - Net sales rose approximately 11.2% year-over-year to $4,828.2 million, surpassing the Zacks Consensus Estimate of $4,690.7 million [2] - Cash flow from operations was $722.6 million, down around 5% year-over-year [7] Segment Highlights - Steel operations net sales reached $3,538.04 million, up about 21.3% year-over-year, with record steel shipments of approximately 3.6 million tons [4] - Average external product selling price for steel was $1,119 per ton, an increase from $1,059 in the previous year [4] - Metal recycling operations net sales were $520.99 million, up around 4.5% year-over-year, with ferrous shipments of about 1.59 million gross tons, an increase of 8.8% [5] - Steel fabrication operations reported sales of approximately $377.7 million, down roughly 15.56% year-over-year, with shipments of 151,563 tons, down around 4.4% [6] Financial Position - Cash and cash equivalents at the end of the quarter were $770.4 million, down about 24.12% year-over-year [7] - Long-term debt increased to $3,781 million, up roughly 35% from the previous year [7] Outlook - The company anticipates improving market conditions due to greater trade stability, policy clarity, and a favorable interest rate environment, which are expected to drive stronger domestic demand for steel and aluminum products [8] - Management expects a reduction in unfairly traded imports, benefiting operations and market positioning [8] - The company is focused on low-carbon, U.S.-made steel and aluminum solutions, with ongoing expansion in aluminum flat-rolled products [10]

Core Insights - Steel Dynamics, Inc. has appointed Matt Bell as the head of its metals recycling platform, effective immediately, succeeding Miguel Alvarez [1][2] - Matt Bell has been with the company since 2016 and has held various leadership roles, contributing to the growth and efficiency of the metals recycling teams [2][3] - The company operates a circular manufacturing model, focusing on lower-carbon-emission products and is one of the largest domestic steel producers and metal recyclers in North America [4] Company Overview - Steel Dynamics, Inc. is a leading industrial metals solutions company with facilities across the United States and Mexico [4] - The company is committed to producing high-quality, value-added metal products while maintaining integrity and safety in operations [4] - Steel Dynamics is investing in aluminum operations to diversify its product offerings, particularly targeting the sustainable beverage can industry and automotive sectors [4] Leadership Transition - Matt Bell will serve as Vice President of Metals Recycling and President of OmniSource, overseeing the metals recycling platform [3] - His previous role involved developing ferrous purchasing and sales growth strategies, optimizing scrap supply for steel operations [3] - The leadership transition is part of the company's ongoing succession planning, ensuring continuity in leadership and operational excellence [2]