Steel Dynamics Inc Stock Price, News & Analysis

Steel Dynamics (NASDAQ/GS: STLD), a major North American steel producer and metals recycler, has announced its Third Quarter 2024 earnings conference call and webcast details. The company will release its financial results after market close on October 16, 2024. The teleconference is scheduled for 11:00 a.m. Eastern Daylight Time on October 17, 2024.

The call will be hosted by Mark D. Millett (Chairman and CEO), Theresa E. Wagler (Executive VP and CFO), and Barry Schneider (President and COO). Participants can dial +1.973.528.0011 and reference the Steel Dynamics Third Quarter 2024 Earnings Call. A webcast will also be available on the company's website. An audio replay will be accessible until October 24, 2024, by dialing +1.919.882.2331 with conference ID 51360.

Steel Dynamics (NASDAQ: STLD) reported third quarter 2024 financial results with net sales of $4.3 billion and net income of $318 million, or $2.05 per diluted share. The company achieved adjusted EBITDA of $557 million and cash flow from operations of $760 million. Key highlights include:

• Steel shipments of 3.2 million tons
• Strong liquidity of $3.1 billion
• Share repurchases of $310 million

Despite stable underlying steel demand, earnings declined sequentially due to lower average realized steel pricing. The company's steel operations reported operating income of $305 million, while steel fabrication operations achieved $166 million. Steel Dynamics maintains a positive outlook for 2025, expecting steel pricing recovery and benefits from ongoing investments in value-added products.

Steel Dynamics, Inc. (NASDAQ/GS: STLD) has announced certified, science-based greenhouse gas (GHG) emissions intensity targets for its steel mills. The company aims to achieve 0.12 metric tons of CO₂e per metric ton of hot rolled steel produced by 2050, aligning with the 1.5° C scenario of the Paris Agreement. An interim target of 0.80 metric tons of CO₂e per metric ton by 2030 has also been set, representing a 15% reduction from the 2022 base year.

These targets were established using the Global Steel Climate Council's (GSCC) Steel Climate Standard and have been verified by KERAMIDA and certified by the GSCC. Steel Dynamics is investing in a $260 million biocarbon production facility expected to decrease Scope 1 emissions by up to 35%. The company has also signed a significant renewable product purchase agreement and is committed to further reducing its carbon impact through various initiatives.

Steel Dynamics, Inc. (NASDAQ/GS: STLD), a major domestic steel producer and metals recycler in North America, has announced its plans to release Third Quarter 2024 financial results after market close on Wednesday, October 16, 2024. The company will host a teleconference on Thursday, October 17, 2024, at 11:00 a.m. Eastern Daylight Time.

The call will be led by Mark D. Millett (Chairman and CEO), Theresa E. Wagler (Executive VP and CFO), and Barry Schneider (President and COO). Participants can join by dialing +1.973.528.0011 and referencing the Steel Dynamics Third Quarter 2024 Earnings Call. A webcast will also be available on the company's website. An audio replay will be accessible until October 24, 2024, by dialing +1.919.882.2331 with conference ID 51360.

Steel Dynamics (NASDAQ/GS: STLD) has provided third quarter 2024 earnings guidance of $1.94 to $1.98 per diluted share, lower than Q2 2024 ($2.72) and Q3 2023 ($3.47). The company expects lower profitability from steel operations due to reduced flat rolled pricing, although prices have stabilized and improved. Metals recycling earnings are anticipated to be comparable to Q2, while steel fabrication earnings are expected to be moderately lower. The order backlog extends into Q1 2025 with attractive pricing. STLD repurchased $307 million of common stock in Q3 through September 11, 2024. The company will release Q3 2024 earnings after market close on October 16, 2024, followed by a conference call on October 17.

Steel Dynamics (NASDAQ: STLD) has filed trade petitions against ten countries for corrosion resistant flat rolled steel (CORE) imports. The company, along with four other organizations, is seeking antidumping duties against Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, UAE, and Vietnam, as well as countervailing duties against Brazil, Canada, Mexico, and Vietnam.

The petitions come in response to a 57% surge in CORE imports from these countries, rising from 1.25 million tons to nearly 2 million tons between the first half of 2023 and 2024. This increase has negatively impacted the domestic steel industry's volume, prices, and profits. Steel Dynamics has invested $3.7 billion in its steel divisions since June 2019, including a new 3.0-million-ton electric arc furnace mill and several galvanizing and paint lines.

Steel Dynamics (NASDAQ/GS: STLD) has announced its third quarter 2024 cash dividend of $0.46 per common share. The dividend will be payable on or about October 11, 2024, to shareholders of record at the close of business on September 30, 2024. This announcement demonstrates Steel Dynamics' commitment to returning value to its shareholders through regular dividend payments. The consistent dividend payout may be seen as a positive indicator of the company's financial stability and confidence in its future performance.

Steel Dynamics (NASDAQ/GS: STLD), a major North American steel producer and metals recycler, has announced its second quarter 2024 earnings release and conference call schedule. The company will release financial results after market close on July 17, 2024, followed by a teleconference on July 18, 2024, at 11:00 a.m. Eastern Daylight Time.

The call will be hosted by key executives including Mark D. Millett (Chairman and CEO), Theresa E. Wagler (CFO), and Barry Schneider (President and COO). Participants can join via phone or webcast, with replay options available until July 25, 2024.

Steel Dynamics (NASDAQ: STLD) reported Q2 2024 financial results with net sales of $4.6 billion and net income of $428 million ($2.72 per diluted share). The company achieved operating income of $559 million and adjusted EBITDA of $686 million. Key highlights include:

- Steel shipments of 3.2 million tons
- Strong liquidity of $2.7 billion
- Share repurchases of $309 million
- Cash flow from operations of $383 million

Despite stable underlying steel demand, earnings declined sequentially due to lower realized selling values in steel operations. The company expects steel pricing to firm and consumption to remain solid in H2 2024, supported by automotive, non-residential construction, and industrial sectors.