Welcome to our dedicated page for Steel Dynamics news (Ticker: STLD), a resource for investors and traders seeking the latest updates and insights on Steel Dynamics stock.
Steel Dynamics, Inc. reports developments tied to its industrial metals platform, including steel production, metals recycling, downstream steel fabrication and aluminum operations. The company operates facilities in the United States and Mexico and uses recycled scrap as a primary input in its circular manufacturing model.
Recurring news themes for STLD include quarterly operating results, earnings guidance, cash dividends, share repurchases, capital investments and demand trends across non-residential construction, energy, automotive, industrial and beverage can markets. Company updates also cover governance matters, including board composition, and operational progress in aluminum flat rolled products alongside its established steel and recycling businesses.
Steel Dynamics (NASDAQ: STLD) plans to release its third quarter 2020 financial results post-market on October 19, 2020. The earnings call is set for October 20, 2020, at 10:00 a.m. EDT, hosted by CEO Mark D. Millett and CFO Theresa E. Wagler. Investors can participate by calling +1.201.689.8040 or through a listen-only webcast on the company’s website. An audio replay will be available until October 25, 2020. This forthcoming announcement is crucial for stakeholders, as it will reveal the company's financial performance amid current market conditions.
Steel Dynamics has sold $350 million of 1.650% Notes due 2027 and $400 million of 3.250% Notes due 2050. Proceeds will be utilized to redeem $350 million of its 4.125% Senior Notes due 2025 and for general corporate purposes. The 2025 Notes redemption is set for November 8, 2020. The company's CFO emphasized this move strengthens their capital structure, following a successful investment-grade note offering since achieving investment-grade status in October 2019.
Steel Dynamics, Inc. (NASDAQ: STLD) plans to release its third quarter 2020 financial results on October 19, 2020, after market close. A teleconference will follow on October 20, 2020, at 10:00 a.m. EDT, hosted by CEO Mark D. Millett and CFO Theresa E. Wagler. Participants can join by calling +1.201.689.8040 or via the company's website. An audio replay will be available until October 25, 2020. Investors are encouraged to connect early to ensure participation.
Steel Dynamics (STLD) has announced its third quarter 2020 earnings guidance, estimating earnings between $0.42 to $0.46 per diluted share, with adjusted earnings projected at $0.46 to $0.50 per diluted share. Factors influencing these projections include $12 million in costs from the Sinton Texas Flat Roll Steel Mill, alongside a decline in earnings compared to $0.69 per diluted share in Q3 2019. Earnings from metals recycling are expected to be significantly better than the prior quarter, driven by increased scrap shipments.
Steel Dynamics, Inc. (STLD) has declared a quarterly cash dividend of $0.25 per common share. This dividend is set to benefit shareholders of record by September 30, 2020, and will be payable on or about October 16, 2020. As one of the largest steel producers and metals recyclers in the U.S., Steel Dynamics continues to produce various steel products and maintain a strong market position.
Steel Dynamics (NASDAQ: STLD) has completed the acquisition of Zimmer, S.A. de C.V., a Mexican metals recycling company, enhancing its raw material procurement strategy for its new Texas flat roll steel mill set to operate by mid-2021. The acquisition was funded with available cash and is intended to improve cost-effective ferrous scrap procurement, with Zimmer's facilities shipping approximately 500,000 gross tons of scrap annually, and a processing capacity of two million gross tons. This acquisition aims to bolster Steel Dynamics' metals recycling presence in Mexico.
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Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced it will release its second quarter 2020 financial results after market close on July 20, 2020. The company will host a teleconference on July 21, 2020, at 10:00 a.m. EDT, featuring Mark D. Millett, President and CEO, and Theresa E. Wagler, CFO. Interested participants can dial +1.201.689.8040 to join, or access a listen-only mode via the company's website. An audio replay of the call will be available until July 26, 2020.
Steel Dynamics, Inc. reported second quarter 2020 net sales of $2.1 billion and net income of $75 million, or $0.36 per diluted share. Adjusted net income was $100 million, or $0.47 per diluted share. Compared to the second quarter of 2019, sales decreased by 25% and earnings dropped 61%. Operating income was $159 million with an EBITDA of $217 million. The company's liquidity improved to $2.8 billion, and steel shipments were only 12% lower than record first quarter volumes. The impact of COVID-19 resulted in lower demand, particularly in the automotive sector.
Steel Dynamics, Inc. (STLD) will release its second quarter 2020 financial results after market close on July 20, 2020. A teleconference hosted by CEO Mark D. Millett and CFO Theresa E. Wagler will occur on July 21, 2020, at 10:00 a.m. EDT. Participants can join by calling +1.201.689.8040 or via the company's website. An audio replay will be available until July 26, 2020, with details accessible on the Steel Dynamics website. This earnings call is anticipated to give insights into the company's performance amidst the ongoing economic conditions.