Steel Dynamics Inc 8-K Filings

Steel Dynamics, Inc. reported that its board of directors declared a third quarter 2026 cash dividend of $0.53 per common share. The dividend will be payable to shareholders of record at the close of business on September 30, 2026, with payment expected on or about October 9, 2026.

The company describes itself as a leading industrial metals solutions provider using a circular manufacturing model, relying primarily on recycled scrap to produce lower-carbon-emission steel and aluminum products for North American steel, recycling, fabrication, beverage can, automotive, and industrial markets.

Steel Dynamics, Inc. announced a planned leadership transition in which Mark D. Millett will retire as Chief Executive Officer and become Executive Chairman effective January 1, 2027. On that date, Theresa E. Wagler, currently Executive Vice President and Chief Financial Officer, will assume the role of President and Chief Executive Officer, while Richard A. Poinsatte will become Executive Vice President and Chief Financial Officer.

Effective immediately, Ms. Wagler joins the board of directors and the board size increases from seven to eight members. Additional senior leadership changes take effect September 1, 2026, including Barry Schneider becoming Executive Vice President and Chief Technology Officer and expanded Chief Operating Officer roles for Miguel Alvarez, James Anderson, and Christopher Graham, aligning responsibilities with aluminum, construction products, and flat rolled steel operations. The company describes these moves as part of a thoughtful succession planning process supporting long-term growth.

Steel Dynamics reported second quarter 2026 net sales of $6.1 billion and net income attributable to the company of $534 million, or $3.69 per diluted share, including a $16 million non-cash impairment tied to relocating a planned aluminum recycled slab center.

Sequential first-quarter 2026 net income was $403 million, and prior-year second quarter net income was $299 million, reflecting strong growth. Consolidated operating income reached $700 million, supported by record steel shipments, wider steel metal spreads and stable metals recycling and fabrication contributions.

For the first half of 2026, net income attributable was $938 million on net sales of $11.3 billion, with operating income up 88% to $1.2 billion versus the prior year. Cash flow from operations was $428 million in the quarter, with liquidity of $2.0 billion as of June 30, 2026, alongside ongoing aluminum ramp-up and $200 million of share repurchases.

Steel Dynamics issued second quarter 2026 earnings guidance of $3.51 to $3.55 per diluted share, up from $2.78 in the first quarter and $2.01 a year earlier. Guidance includes a $16 million reduction from asset write-downs tied to relocating a planned aluminum recycled slab center from Arizona to Columbus, Mississippi.

The company expects meaningfully higher steel segment profitability on strong demand and wider metal margins, with solid activity in non-residential construction, energy, automotive, and industrial markets. Steel fabrication earnings should be slightly lower on higher steel input costs, while metals recycling is expected to be similar to last quarter. Aluminum operations are projected to improve significantly as the new Columbus flat rolled products mill ramps, with two of three cold mills and one CASH line already operating. The order backlog is nearly 40% higher than a year ago, and the company has repurchased $170 million of stock so far in the quarter.

Steel Dynamics, Inc. reported results from its Annual Meeting of Shareholders and announced a second quarter 2026 cash dividend. Shareholders elected all seven director nominees, ratified Ernst & Young LLP as auditor for 2026, and approved 2025 named executive officer compensation in an advisory vote.

A shareholder proposal titled “Avoid Political Spending Brand Damage” was not approved. The meeting had a strong quorum, with 130,419,078 of 144,722,225 shares represented, or 90.12% of shares outstanding as of the March 16, 2026 record date. The board declared a cash dividend of $0.53 per common share, payable to shareholders of record on June 30, 2026, with payment on or about July 10, 2026.

Steel Dynamics, Inc. reported a strong first quarter 2026, with net sales of $5.20 billion and net income of $403 million, or $2.78 per diluted share. This compares to net income of $266 million in the prior quarter and $217 million a year earlier, reflecting significantly higher profitability.

Results were driven by record steel shipments of 3.6 million tons, higher steel prices, and improved margins, particularly in steel operations, which generated operating income of $557 million. Adjusted EBITDA reached $699.9 million. The company continued ramping its aluminum flat rolled products business, which posted a $65 million operating loss as commissioning progressed but increased shipments. Steel Dynamics generated $148 million of operating cash flow, paid dividends, repurchased shares, invested in growth projects, and ended the quarter with $2.0 billion of liquidity.

Steel Dynamics, Inc. announced that longtime directors Richard P. Teets, Jr. and Gabriel L. Shaheen plan to retire from the Board at the end of their current terms and will not stand for reelection at the 2026 Annual Meeting on May 6, 2026. Effective at that meeting, the Board will be reduced from nine to seven members. The company stated that neither director’s decision resulted from any disagreement regarding operations, policies, or practices.

The company also issued a press release thanking both directors for their extensive service, highlighting Teets’ role as a co‑founder and key operational leader and Shaheen’s financial and strategic contributions over many years.

Steel Dynamics, Inc. is guiding first quarter 2026 earnings to a range of $2.73 to $2.77 per diluted share, up from $1.82 in the fourth quarter 2025 and $1.44 in the prior-year first quarter. Management expects significantly higher profitability in steel operations from increased shipments and wider metal margins, with strong demand in non-residential construction, energy, automotive, and industrial markets.

Metals recycling earnings are expected to improve on stronger margins despite slightly lower shipments, while steel fabrication earnings should be steady as higher volumes offset input cost pressure. The company is successfully commissioning its Columbus, Mississippi aluminum flat rolled mill, securing product qualifications in industrial, beverage can, and automotive markets. It repurchased an estimated $66 million of stock so far in first quarter 2026, temporarily slowing buybacks to fund about $126 million of annual profit-sharing and higher working capital tied to the rapid aluminum ramp, with plans to normalize repurchases in second quarter 2026.

Steel Dynamics, Inc. reported that its board of directors has raised the first quarter 2026 cash dividend by 6%, declaring a dividend of $0.53 per common share. This represents an increase over the company’s 2025 quarterly dividend rate and reflects ongoing commitment to returning cash to shareholders.

The dividend will be paid on or about April 10, 2026 to shareholders of record as of the close of business on March 31, 2026. Management notes that the higher dividend aligns with its growth initiatives and is supported by its capital structure, liquidity position, and focus on maintaining an investment grade credit rating.

Steel Dynamics, Inc. reported that, together with SGH Ltd, it has submitted a revised non-binding indicative offer to acquire 100% of BlueScope Steel Ltd for A$32.35 per share. This all‑cash proposal values BlueScope’s equity at about A$15 billion (US$11 billion) and is described as the bidders’ “best and final” offer absent a superior competing proposal.

If implemented, SGH would subsequently sell BlueScope’s North American operations to Steel Dynamics, while SGH would retain the Australia and Rest of World businesses. The proposal remains subject to satisfactory due diligence, a binding scheme implementation deed, and required shareholder and regulatory approvals, and the parties emphasize there is no certainty the non‑binding offer will result in a completed transaction.

Steel Dynamics, Inc. filed a current report to inform investors that it has released its fourth quarter and full-year 2025 financial results. On January 26, 2026, the company issued a press release titled “Steel Dynamics Reports Fourth Quarter and Annual 2025 Results,” which is included as Exhibit 99.1 to this report. The exhibit is furnished under the results of operations and financial condition item and is not treated as filed for liability purposes under the securities laws.

Steel Dynamics, Inc. reported that, on January 5, 2026, it and SGH Ltd issued a joint press release confirming the submission of an NBIO to acquire BlueScope Steel Ltd.

The company furnished this press release as Exhibit 99.1 under a Regulation FD disclosure, meaning it is being shared to keep all investors informed at the same time. The information in the exhibit is described as furnished rather than filed, which affects how it is treated under U.S. securities laws but does not change the fact that Steel Dynamics is publicly signaling interest in a potential acquisition of BlueScope Steel.

Steel Dynamics, Inc. filed a current report to inform investors that it has issued a press release titled “Steel Dynamics Provides Fourth Quarter 2025 Earnings Guidance.” The press release, dated December 17, 2025, discusses the company’s expectations for its fourth-quarter 2025 results.

The guidance press release is attached as Exhibit 99.1 and is furnished under Regulation FD. As stated, this exhibit is not deemed “filed” for liability purposes under Section 18 of the Exchange Act or incorporated by reference into other securities filings unless specifically referenced.

Steel Dynamics, Inc. completed a notes offering, issuing $650 million of 4.000% Notes due 2028 and $150 million of 5.250% Additional Notes due 2035. The company received approximately $792 million in net proceeds, which it plans to use to redeem its $400 million 5.000% Notes due 2026 and for other general corporate purposes such as working capital, capital spending, subsidiary investments, debt repayment, acquisitions and share repurchases. The new 2028 Notes are a fresh series, while the Additional 2035 Notes form a single fungible series with the existing 5.250% Notes due 2035. Both series are senior unsecured obligations, pay semi-annual interest, and include standard optional redemption, change-of-control purchase, and covenant protections.

Steel Dynamics, Inc. reported a leadership appointment, noting it issued a press release titled “Steel Dynamics Announces Leadership Appointment.” The press release is included as Exhibit 99.1 to the report.

Steel Dynamics, Inc. reported in an 8-K that on November 7, 2025, it issued a press release titled “Steel Dynamics Announces Fourth Quarter 2025 Cash Dividend.” The company filed the release as Exhibit 99.1 and incorporated it by reference.

The filing is an administrative notice of the dividend announcement; detailed terms are contained in the referenced press release.

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, Inc. has updated its earlier disclosure about the planned retirement of senior executive Glenn Pushis. The company reports that on September 30, 2025, Mr. Pushis and the company agreed he will retire from his role effective January 9, 2026. All other prior details remain unchanged.

Steel Dynamics, Inc. furnished a current report to make available a press release titled “Steel Dynamics Provides Third Quarter 2025 Earnings Guidance.” The company used an Item 7.01 Regulation FD disclosure, meaning the press release text is treated as information furnished rather than filed under the securities laws. The press release is included as Exhibit 99.1 to the report, allowing investors to review the company’s earnings expectations for the third quarter of 2025 in more detail.

Steel Dynamics filed an 8-K notifying investors that it will acquire the remaining 55% ownership interest in New Process Steel. The filing references an attached press release dated August 19, 2025, titled "Steel Dynamics to Acquire Remaining 55% Ownership Interest in New Process Steel." The disclosure is filed as an exhibit (99.1) and the filing is signed by Theresa E. Wagler, Executive Vice President and Chief Financial Officer. The document provides the material transaction headline and supporting exhibit but does not include transaction financial terms or additional operational details within the text provided.

Steel Dynamics (STLD) filed a Form 8-K reporting a press release dated August 14, 2025 titled "Steel Dynamics Announces Third Quarter 2025 Cash Dividend." The filing attaches that press release as an exhibit and is signed by Theresa E. Wagler, Executive Vice President and Chief Financial Officer. The document provides notice that a cash dividend announcement was made, but no dividend amount, record date, or payment date is included in the text provided.