Steel Dynamics Inc SEC Filings

Steel Dynamics (STLD) reported stronger Q3 2025 results. Net sales were $4.83 billion, up 11% year over year, and operating income rose to $507.8 million from $395.4 million. Net income attributable to Steel Dynamics increased to $403.7 million, with diluted EPS of $2.74 versus $2.05 a year ago.

The company achieved record steel shipments of 3.6 million tons, as higher selling prices and improved metal spreads supported margins in steel and metals recycling. Steel operations operating income rose 65% to $496.8 million. Metals recycling operating income increased to $31.5 million, driven by higher spreads, particularly in nonferrous.

For the first nine months, operating income was $1.17 billion and net cash from operating activities was $1.18 billion. Year‑to‑date capital expenditures were $759.5 million, and share repurchases totaled $660.6 million. In March, the company issued $1.0 billion of senior notes (net proceeds $972 million) and repaid its $400 million 2.40% notes at maturity in June. Shares outstanding were 146,156,096 as of September 30, 2025.

Steel Dynamics, Inc. (STLD) furnished a press release announcing its third quarter 2025 results. The company submitted a Form 8-K stating that the press release titled “Steel Dynamics Reports Third Quarter 2025 Results” was provided as Exhibit 99.1 on October 20, 2025. The company specified that the information in the exhibit is furnished and not deemed filed under the Securities Exchange Act of 1934, unless expressly incorporated by reference. The report was signed by Executive Vice President and Chief Financial Officer Theresa E. Wagler on October 21, 2025.

Steel Dynamics (STLD) reported a routine insider transaction. On 10/10/2025, a director acquired 16 shares of common stock at $0, issued as dividend-equivalent deferred stock units under the company’s 2023 Equity Incentive Plan. Following this transaction, the director beneficially owns 4,243 shares, held directly. The filing notes these dividend equivalents are settled solely in common stock and are exempt under the plan’s dividend reinvestment provisions.

Steel Dynamics (STLD) director Richard P. Teets, Jr. reported acquiring 12 shares of common stock on 10/10/2025 at $0. The shares were issued as dividend equivalents on deferred stock units under the company’s 2023 Equity Incentive Plan and are treated as common stock when settled.

After the transaction, he beneficially owned 4,979,635 shares directly, plus 93,119 shares indirectly via his spouse and 73,000 shares held by the Teets Family Foundation, over which he has voting and investment power.

Steel Dynamics (STLD) reported a director transaction. On 10/10/2025, the director was credited 16 additional deferred stock units (DSUs) as a dividend equivalent tied to the director retainer under the 2023 Equity Incentive Plan. The entry price is shown as $0 because it reflects dividend reinvestment rather than an open‑market trade.

These DSUs are payable solely in shares of common stock when settled and are reported as directly owned shares. Following the credited units and prior dividend reinvestments, the director’s beneficial ownership stands at 10,779 shares, held directly. The transaction is described as exempt under applicable Section 16 rules due to the plan’s dividend reinvestment feature.

Steel Dynamics (STLD) director reported an acquisition of 143 shares on 10/10/2025 at $0, reflecting dividend-equivalent deferred stock units (DSUs) under the company’s 2023 Equity Incentive Plan.

After the transaction, the director beneficially owned 59,911 shares, held directly. The filing notes DSUs are payable solely in common stock and the dividend reinvestment feature qualifies the transaction as exempt under Section 16 rules.

Steel Dynamics, Inc. (STLD) director filed a Form 4 reporting the acquisition of 187 shares of common stock on 10/10/2025 at $0. The shares represent dividend-equivalent credits on deferred stock units (DSUs) tied to the director retainer under the company’s 2023 Equity Incentive Plan and are reported as common stock upon settlement.

Following the transaction, the director beneficially owned 82,200 shares, held directly.

Steel Dynamics (STLD) director reported an acquisition of common stock tied to dividend-equivalent deferred stock units. On 10/10/2025, the reporting person acquired 155 shares at $0 under the company’s 2023 Equity Incentive Plan via the plan’s dividend reinvestment feature. Following this transaction, the director beneficially owns 50,515 shares, held directly.

The filing notes these DSUs are payable solely in shares of common stock when settled, and the total includes shares from reinvested dividends on underlying DSUs.

Steel Dynamics (STLD) reported a routine insider update. On 10/10/2025, a director acquired 6 shares of common stock at $0 through dividend-equivalent deferred stock units (DSUs) issued as part of the director retainer under the company’s 2023 Equity Incentive Plan. Following the transaction, the director beneficially owns 36,289 shares directly.

The filing notes these DSUs are payable solely in shares of common stock when settled and that the transaction is exempt from Section 16(b) under Rule 16b-3 and reflects dividend reinvestment features.