Steel Dynamics Inc Stock Price, News & Analysis

Steel Dynamics, Inc. (NASDAQ: STLD) has declared a quarterly cash dividend of $0.34 per common share. This dividend is payable to shareholders of record on June 30, 2022, with payments expected around July 15, 2022. The company is one of the largest steel producers and metal recyclers in the U.S., operating many facilities across the country and in Mexico, and offers a wide range of steel products and services.

Steel Dynamics, Inc. (NASDAQ: STLD) will announce its First Quarter 2022 financial results after market close on April 20, 2022. A teleconference is scheduled for April 21, 2022, at 9:00 a.m. EDT, hosted by CEO Mark D. Millett and CFO Theresa E. Wagler. Participants can join by calling +1.973.528.0011 or via the company’s website in listen-only mode. An audio replay will be available after the call, accessible through +1.919.882.2331 and will stay on the website until April 27, 2022.

Steel Dynamics (STLD) reported record financial results for Q1 2022, showing significant growth across various metrics. Key highlights include:

• Record steel shipments of 2.9 million tons
• Net sales of $5.6 billion and net income of $1.1 billion ($5.71 per diluted share)
• Record operating income of $1.5 billion
• Adjusted EBITDA reached $1.6 billion
• Cash flow from operations at $819 million
• 31% increase in cash dividends and $389 million spent on share repurchases

The company anticipates continued robust demand, especially from the construction and energy sectors.

Steel Dynamics (NASDAQ: STLD) has announced the upcoming release of its First Quarter 2022 financial results on April 20, 2022, after market close. A teleconference will follow on April 21, 2022, at 9:00 a.m. Eastern Daylight Time, hosted by CEO Mark D. Millett and CFO Theresa E. Wagler. Investors can participate by dialing +1.973.528.0011 or listening through the company’s website. An audio replay will be available after the call through April 27, 2022.

Steel Dynamics, Inc. (NASDAQ: STLD) announced the transition of Miguel Alvarez to lead its North American Metals Recycling platform, effective March 31, 2022. This follows the planned retirement of Russell B. Rinn, the current Executive Vice President of Metals Recycling, in July 2022. Rinn will continue as a consultant post-retirement. Additionally, James Anderson has been promoted to Senior Vice President for his contribution to the steel fabrication operations. CEO Mark D. Millett expressed confidence in the leadership transitions, highlighting opportunities for growth and sustainable value creation for the company and its stakeholders.

Steel Dynamics (STLD) announced first-quarter 2022 earnings guidance of $5.55 to $5.59 per diluted share, adjusting for $0.30 due to costs from the Sinton Texas Flat Roll Steel Mill startup. This indicates a potential growth from $5.49 in Q4 2021. Adjusted earnings are projected between $5.85 and $5.89 per diluted share. While steel operations performance is expected to be strong, earnings from flat roll steel are predicted to decline by over 10%. The company has also repurchased $362 million worth of stock and increased the dividend by 31%.

Steel Dynamics, Inc. (STLD) declared a $0.34 cash dividend for Q1 2022, up 31% from 2021, payable around April 15, 2022. Additionally, the board authorized a $1.25 billion share repurchase program, enhancing a previous $1 billion program. Since 2017, STLD has repurchased $2.6 billion in stock and paid over $950 million in dividends. Mark D. Millett, CEO, emphasized the company's strong cash generation capabilities and ongoing growth strategy, which includes $3.7 billion in capital investments and acquisitions.

Steel Dynamics, Inc. (NASDAQ: STLD) has completed the acquisition of a 45% minority equity interest in New Process Steel, a metals solutions and supply-chain management firm based in Houston, Texas. This investment aims to enhance Steel Dynamics' exposure to value-added manufacturing and broaden its customer service capabilities in the flat roll steel market. New Process, with operations in the U.S. and Mexico, will continue to be led independently by CEO Richard Fant. The acquisition reinforces Steel Dynamics' position as a leading steel producer, focusing on quality and innovative supply-chain solutions.

Steel Dynamics (STLD) has announced that it will release its Fourth Quarter and Full-Year 2021 financial results after market close on January 24, 2022. A teleconference will take place on January 25, 2022, at 10:00 a.m. Eastern Daylight Time, hosted by CEO Mark D. Millett and CFO Theresa E. Wagler. To participate, dial +1.973.528.0011 or access via the company's website. An audio replay will be available until January 30, 2022, at 11:59 p.m. Eastern Daylight Time. Further details can be found on Steel Dynamics' official site.