Steel Dynamics, Inc. filings document material-event disclosures, operating results, capital actions and governance matters for a North American industrial metals company. The company’s common stock is registered on the NASDAQ Global Select Market under STLD, and its 8-K reports cover earnings releases, earnings guidance, dividend announcements and other corporate updates.
Proxy and shareholder-meeting filings describe director elections, auditor ratification, advisory executive compensation votes and board composition. The filing record also includes Regulation FD disclosures, exhibit filings for company press releases, capital-structure information for the registered common stock and formal records of shareholder voting matters.
Steel Dynamics (STLD) reported third-quarter 2026 net sales of $6.509 billion, up 35% from $4.828 billion a year earlier. Net income attributable to Steel Dynamics was $756.0 million, compared with $403.7 million, while consolidated operating income rose 98% to $1.006 billion. For the first nine months, net sales were $17.806 billion and attributable net income was $1.694 billion.
Steel operations recorded $1.032 billion of third-quarter operating income, up 108%, as steel mill metal spread expanded 35%; total quarterly steel shipments reached a record 3.8 million tons. Aluminum segment sales rose 373% to $493.5 million and its operating loss improved 54% to $26.2 million. Steel fabrication operating income fell 15% to $90.6 million as steel input costs rose and its metal spread contracted 18%.
Cash from operations was $1.422 billion for the first nine months. At September 30, 2026, total liquidity was $2.369 billion and outstanding debt was $4.2 billion. The company raised its quarterly dividend 6% to $0.53 per share. Its steel fabrication backlog was 50% above a year earlier and extended into the second quarter of 2027.
Steel Dynamics (STLD) reported third-quarter 2026 net sales of $6.5 billion and net income of $756 million, or $5.26 per diluted share, compared with $404 million and $2.74 per diluted share a year earlier. Operating income was $1.006 billion, versus $507.8 million, and adjusted EBITDA was $1.190 billion. Steel operations generated $1.033 billion in operating income, alongside record shipments of 3.8 million tons.
Steel fabrication operating income was $90.6 million, compared with $85 million sequentially; metals recycling earned $33 million, $15 million below the prior quarter. Aluminum operations recorded a $26 million startup-related operating loss, an improvement of 21% from the second quarter. Management expects aluminum volumes and profitability to improve in fourth-quarter 2026 and throughout 2027. Operating cash flow was $846 million; the company invested $150 million in capital investments, paid $76 million in dividends and repurchased $276 million of common stock, with liquidity of $2.4 billion as of September 30, 2026.
Steel Dynamics, Inc. announced six leadership promotions. Three took effect October 1, 2026: Mr. Bickford, Mr. Hansen and Mr. Scruggs were promoted to Senior Vice President. Three additional leadership transitions are effective November 1, 2026: Mr. Keown was named Senior Vice President, Mr. Krotov Vice President, and Mr. Freiburger Vice President and Treasurer.
Mr. Bickford will continue leading steel fabrication, with additional influence over growth strategy. Mr. Hansen will retain responsibility for sustainability, decarbonization and related capital investments, with additional influence over energy strategy. Mr. Scruggs will continue overseeing Flat Roll Steel Group commercial operations and flat-rolled processing locations. Mr. Keown will oversee three flat-rolled production facilities, Mr. Krotov four long-product mills, and Mr. Freiburger treasury functions including cash management, investments, capital structure strategy and risk mitigation. Theresa E. Wagler is identified as incoming President and Chief Executive Officer.
Steel Dynamics Inc. director Luis Manuel Sierra acquired 7 shares of common stock on October 9, 2026. The shares reflect additional deferred stock units (DSUs) issued as a dividend equivalent in connection with his director retainer under the 2023 Equity Incentive Plan. His reported direct holdings afterward were 11,530 shares, including shares resulting from dividend reinvestment on underlying DSUs.
Bradley S. Seaman, a director of Steel Dynamics (STLD), acquired 105 shares of common stock underlying additional deferred stock units (DSUs) on October 9, 2026. The DSUs were issued as a dividend equivalent in connection with his director retainer under the company’s 2023 Equity Incentive Plan. His reported direct holdings after the transaction were 51,705 shares, including shares resulting from dividend reinvestment on underlying DSUs. The DSUs are payable solely in shares when settled.
Steel Dynamics Inc. director Jennifer L. Hamann acquired 18 shares of common stock underlying additional deferred stock units (DSUs) on October 9, 2026. The DSUs were issued as a dividend equivalent in connection with her director retainer under the company’s 2023 Equity Incentive Plan. Her reported direct holdings following the transaction were 5,394 shares, including shares resulting from reinvestment of dividends on underlying DSUs.
Steel Dynamics Inc. director Traci M. Dolan received additional deferred stock units (DSUs) representing 97 shares of common stock on October 9, 2026, as a dividend equivalent tied to her director retainer under the company's 2023 Equity Incentive Plan. Her reported post-transaction position was 59,067 shares; that total includes shares from dividend reinvestment on underlying DSUs.
Steel Dynamics Inc. director Kenneth W. Cornew was issued additional deferred stock units (DSUs) as a dividend equivalent for his director retainer under the 2023 Equity Incentive Plan; the award represented 2 shares of common stock. The transaction was reported on October 9, 2026. His reported direct holdings after the transaction were 32,015 shares, including shares resulting from reinvestment of dividends on underlying DSUs.
Steel Dynamics Inc. director Sheree L. Bargabos received 40 additional deferred stock units (DSUs) as a dividend equivalent on October 9, 2026, in connection with her director retainer under the company's 2023 Equity Incentive Plan. The DSUs are reported as directly owned common stock because they are payable solely in shares when settled. Her reported position after the transaction was 27,145 shares, including shares resulting from reinvestment of dividends on underlying DSUs.
STEEL DYNAMICS INC (STLD) issued third-quarter 2026 earnings guidance of $5.34 to $5.38 per diluted share, up from $3.69 in the second quarter of 2026 and $2.74 in the prior-year third quarter. Management expects significantly higher steel operations profitability driven by metal margin expansion and record shipments, with higher realized selling prices and lower scrap costs supporting results.
Earnings from metals recycling are expected to decline sequentially on lower metal spreads and slightly lower shipments, while steel fabrication earnings are expected to improve modestly, supported by stronger shipments and a backlog nearly 50% above prior-year third-quarter levels, extending through the first quarter of 2027. Aluminum operations earnings are expected to improve meaningfully, helped by increased shipments and progress commissioning the Columbus, Mississippi aluminum flat rolled products mill, where all three cold mills and the first CASH line are operating. The company has repurchased $261 million of stock, just under one percent of shares, so far in the third quarter and plans to release full third-quarter 2026 results on October 19, 2026.