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Steel Dynamics, Inc. (STLD) is a leading U.S. steel producer and metals recycler, delivering innovative solutions across construction, automotive, and industrial sectors. This page aggregates official company announcements and third-party analyses, providing stakeholders with a centralized resource for tracking STLD's operational developments and market position.
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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.
Steel Dynamics reported record financial results for 2021, with net sales of $18.4 billion and net income of $3.2 billion. Highlights include record shipments of 11.2 million tons and operating income of $4.3 billion. The fourth quarter saw net sales reach $5.3 billion and earnings per diluted share of $5.49. The company maintained strong liquidity of over $2.4 billion and executed a share repurchase program amounting to $1.1 billion.
Looking ahead, Steel Dynamics expects domestic steel demand to grow in 2022, driven by construction and automotive sectors.
Steel Dynamics, Inc. (NASDAQ: STLD), a leading U.S. steel producer, will release its Fourth Quarter and Full-Year 2021 financial results after market close on January 24, 2022. A teleconference hosted by CEO Mark D. Millett and CFO Theresa E. Wagler is scheduled for January 25, 2022, at 10:00 a.m. EDT. Participants can join via phone or listen online through the company's website. An audio replay will be available until January 30, 2022.
Steel Dynamics (STLD) announced a record fourth quarter 2021 earnings guidance of $5.46 to $5.50 per diluted share, with adjusted earnings projected between $5.69 and $5.73. This performance is notably higher than the $4.85 per diluted share in Q3 2021 and $0.89 in Q4 2020. Key factors include strong steel demand from sectors such as automotive and construction, and a substantial $320 million stock buyback. Expected increased profitability from steel operations is noted, although metals recycling earnings are anticipated to remain stable.
Steel Dynamics has appointed Luis M. Sierra as an independent member of its Board of Directors, effective immediately, for a term ending in May 2022. Mr. Sierra, age 58, is currently the President and CEO of NOVA Chemicals, which reported $3.2 billion in revenues for 2020. His extensive background includes over 30 years at BP, including leadership roles in the Americas and global operations. This addition aims to enhance the Board's strategic direction and oversight capabilities.
Steel Dynamics, Inc. (NASDAQ: STLD) has declared a quarterly cash dividend of $0.26 per common share. Shareholders of record by December 31, 2021 will receive this dividend, payable on or about January 14, 2022. As one of the largest domestic steel producers and metals recyclers in the U.S., Steel Dynamics operates numerous facilities across the country and Mexico, producing a variety of steel products and recycling metals.
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