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Steel Dynamics Inc. - STLD STOCK NEWS

Welcome to our dedicated news page for Steel Dynamics (Ticker: STLD), a resource for investors and traders seeking the latest updates and insights on Steel Dynamics.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Steel Dynamics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Steel Dynamics's position in the market.

Rhea-AI Summary
Steel Dynamics, Inc. (STLD) expects strong first quarter 2024 earnings, with guidance ranging from $3.51 to $3.55 per diluted share. The company anticipates improved profitability in steel operations driven by increased shipments and earnings, particularly in flat rolled steel operations. Metals recycling operations are also expected to show higher earnings due to better pricing and increased volume. However, steel fabrication operations may see lower earnings compared to the previous quarter due to seasonally lower shipments and increased steel input costs. The company remains confident in its earnings outlook, repurchasing $279 million of its common stock and increasing the cash dividend by eight percent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.34%
Tags
earnings
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Rhea-AI Summary
Steel Dynamics, Inc. (STLD) declares a first quarter cash dividend of $0.46 per common share, marking an 8% increase from the previous year. Shareholders of record on March 31, 2024, will receive the dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
dividends earnings
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Rhea-AI Summary
Steel Dynamics, Inc. (STLD) plans to release its Fourth Quarter and Full Year 2023 financial results on January 23, 2024, followed by a teleconference the next day. The teleconference will feature Chairman and CEO Mark D. Millett, Executive VP and CFO Theresa E. Wagler, and President and COO Barry Schneider. Participants can join the teleconference via phone or webcast and access an audio replay afterward.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
earnings
Rhea-AI Summary
Steel Dynamics, Inc. (STLD) reported record steel shipments of 12.8 million tons and net sales of $18.8 billion in 2023. The company's annual operating income was $3.2 billion, with adjusted EBITDA of $3.7 billion and strong cash flow from operations of $3.5 billion. Despite a challenging pricing environment, the company maintained strong liquidity and achieved a strong after-tax return-on-invested-capital of 32 percent. However, the company's net income for the fourth quarter of 2023 saw a decline compared to prior periods. The annual 2023 net sales decreased by 16 percent, and operating income declined by 38 percent compared to 2022. The company also invested $1.7 billion in capital investments, paid cash dividends of $271 million, and repurchased $1.5 billion of its outstanding common stock. The outlook for 2024 is positive, with steady demand and new expansion initiatives in place.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
-
Rhea-AI Summary
Steel Dynamics, Inc. (STLD) to Release Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
earnings
-
Rhea-AI Summary
Steel Dynamics, Inc. (STLD) provided fourth quarter 2023 earnings guidance in the range of $2.60 to $2.64 per diluted share. The company expects lower profitability from steel operations due to lower realized flat rolled steel pricing and metal spread contraction. However, steel order activity remains solid, and the company's metals recycling operations are expected to be comparable to sequential third quarter results. Steel fabrication operations are anticipated to be lower compared to sequential third results. The company has repurchased $1.4 billion of its common stock and paid cash dividends of $271 million during the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.52%
Tags
earnings
Rhea-AI Summary
OmniSource LLC, a subsidiary of Steel Dynamics, Inc. (NASDAQ: STLD), has acquired a 55-acre rail-served tract within Gulf Inland Logistics Park to expand its metals recycling operations along the Gulf Coast. The expansion is part of OmniSource's growth strategy, aiming to enhance its capacity to cater to customer demands and extend its footprint throughout the southern United States. The facility is expected to open in 2024 and will include rail and supporting services provided by Liberty Development Partners and CMC Railroad.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
none
-
Rhea-AI Summary
Steel Dynamics, Inc. (NASDAQ/GS: STLD) has authorized an additional share repurchase program of $1.5 billion, bringing the total repurchase program to $3 billion. The company has repurchased $5.2 billion of its common stock since 2017, representing 36% of its outstanding shares. They have also declared a quarterly cash dividend of $0.425 per common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
buyback dividends earnings
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Rhea-AI Summary
Steel Dynamics, Inc. reports third quarter 2023 financial results with net sales of $4.6 billion and net income of $577 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.07%
Tags
earnings
Rhea-AI Summary
Steel Dynamics announces leadership promotions for Christopher Graham, Richard Poinsatte, Angela Reeve, Christopher Gionti, and Daniel Keown
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
none
Steel Dynamics Inc.

Nasdaq:STLD

STLD Rankings

STLD Stock Data

23.44B
147.45M
6.77%
86.86%
3.07%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
US
Fort Wayne

About STLD

steel dynamics, inc. is unique among american steel companies. founded in 1993, sdi began production at its butler, in, flat roll mill in 1996. this state-of-the-art mill remains a world leader in its productivity and production of flat roll steel. finishing facilities at the butler mill and in jeffersonville, in, produce pickled, cold roll, galvanized, and painted flat roll steel. new millennium building systems, a steel fabrication business producing joists, girders, and decking for nonresidential construction projects, began operations in 2000, and today consists of 6 manufacturing facilities in the u.s. and mexico. sdi entered the steel long-products business in 2002, with the production of wide-flange beams at the company’s minimill in columbia city, in. in 2010, it was expanded to include production of standard rail, and in 2013 the capability for manufacturing premium rail was added. also in 2002, sdi acquired a steel mill near indianapolis to produce engineered bar steel and