Core Insights - Steel Dynamics, Inc. (STLD) reported Q4 2025 earnings of $1.82 per share, an increase from $1.36 year-over-year, surpassing the Zacks Consensus Estimate of $1.72 [1] - Net sales for the quarter reached $4,414 million, a 14% year-over-year increase, but fell short of the Zacks Consensus Estimate of $4,539.1 million [1] Segment Highlights - Steel operations net sales were $3,141.4 million, up approximately 18.7% year-over-year, with steel shipments of about 3.3 million tons, exceeding the consensus estimate of 3.29 million tons [1] - The average external product selling price for steel was $1,107 per ton, up from $1,011 year-over-year, but down from $1,119 in the previous quarter, beating the consensus estimate of $1,092 per ton [2] - Metal recycling operations reported net sales of $463 million, down around 4% year-over-year, with ferrous shipments of approximately 1.52 million gross tons, up roughly 7% year-over-year, surpassing the consensus of 1.44 million gross tons [3] - Steel fabrication operations had sales of about $347.3 million, down roughly 12.3% year-over-year, with shipments of 138,375 tons, down around 5.2% year-over-year, missing the consensus estimate of 142,000 tons [4] Financial Position - Steel Dynamics ended the quarter with cash and cash equivalents of $769.9 million, a 31% increase year-over-year, while long-term debt rose to $4,176.5 million, up roughly 49% [5] - Cash flow from operations was $272.7 million, down approximately 21.4% year-over-year [5] Outlook - The company anticipates improved trade conditions and a favorable interest rate environment to bolster steel and aluminum demand, with a growing interest in low-carbon, U.S.-made metals [6] - Progress is being made on the commissioning and start-up of the Columbus aluminum flat rolled mill and San Luis Potosí slab center, with expectations for strong long-term growth and value creation [6] Price Performance - Steel Dynamics shares have increased by 48.6% over the past year, compared to a 59.1% rise in its industry [7]

Core Insights - Steel Dynamics (STLD) reported revenue of $4.41 billion for Q4 2025, a 14% year-over-year increase, with EPS of $1.82 compared to $1.36 a year ago, indicating strong financial performance despite missing revenue estimates by 2.75% [1] Financial Performance - The reported revenue of $4.41 billion was below the Zacks Consensus Estimate of $4.54 billion, resulting in a revenue surprise of -2.75% [1] - The company achieved an EPS surprise of +5.66%, with the consensus EPS estimate being $1.72 [1] Key Metrics - Steel Dynamics' stock returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +0.2% change, and currently holds a Zacks Rank 3 (Hold) [3] - Average external sales price for Steel was $1,107.00 per ton, exceeding the estimated $1,092.10 per ton [4] - Average sales price for Steel Fabrication was $2,509.00 per ton, slightly below the estimated $2,557.62 per ton [4] Shipments and Sales - External shipments of Steel totaled 2,837.13 KTon, below the average estimate of 2,939.28 KTon [4] - External net sales for Steel Fabrication were reported at $347.25 million, compared to the average estimate of $362.78 million, reflecting a year-over-year decline of 12.4% [4] - External net sales for Metals Recycling were $463.04 million, slightly below the average estimate of $471.84 million, with a year-over-year change of -4% [4] - External net sales for Steel reached $3.14 billion, compared to the estimated $3.21 billion, marking an 18.7% increase year-over-year [4] - External net sales for Other products were $304.64 million, below the average estimate of $317.61 million, with a year-over-year change of +5.9% [4] - External net sales for Aluminum were reported at $157.75 million, significantly lower than the average estimate of $234.23 million [4]

Financial Performance - The company achieved third quarter revenues of $4.3 billion, with steel shipments totaling 3.2 million tonnes and adjusted EBITDA of $557 million [1][7][8] - Net income for the third quarter was reported at $318 million, or $2.05 per diluted share, which reflects a decrease in revenue compared to the second quarter due to lower flat-rolled steel pricing [7][8] - Operating income for the third quarter was $395 million, a 29% decline from the previous quarter, primarily due to steel metal spread contraction [8] Operational Highlights - The Sinton team reached a 72% utilization rate in September, with periods exceeding 90% during the quarter, demonstrating the mill's capability [1][23] - The company successfully ramped up four new value-add flat-rolled steel coating lines, expected to contribute fully to earnings by 2025, adding 1.1 million tons of higher-margin product [2][12] - Safety performance improved significantly, with the lowest total recordable incident rate and lost time rates in company history, and 84% of locations reported no recordable injuries [5][6] Market Dynamics - The domestic steel industry operated at an estimated production utilization rate of 78%, while the company's steel mills operated at 86%, indicating a competitive advantage [21] - The company is experiencing steady underlying steel demand, although a surge in steel imports has put pressure on supply dynamics for certain products [22][24] - The company anticipates increased fixed asset investment and demand drivers for steel and steel fabrication products in 2025 due to moderating interest rates and public funding [11][24] Strategic Investments - Approximately $1.9 billion has been invested in strategic growth initiatives through September 2024, with expectations for an additional $350 million to $400 million in the fourth quarter [13][14] - The company has repurchased $970 million of common stock year-to-date 2024, representing 4.5% of outstanding shares, with a remaining $486 million available for further repurchases [14] - The company is committed to sustainability, with new greenhouse gas emissions intensity targets aligned with the Paris Agreement, and is on track to introduce biocarbon into steel production by the first quarter of 2025 [15][16][81] Future Outlook - The company expects capital investments in 2025 to be in the range of $700 million to $800 million, with a focus on high-return strategic growth [14] - The aluminum production investments are projected to be EBITDA positive in the second half of 2025, with plans to operate the rolling mill at approximately 75% capacity in 2026 [12][66] - The company is optimistic about steel demand and pricing dynamics as it approaches the end of 2024 and enters 2025, driven by ongoing infrastructure spending and manufacturing onshoring [24][40]

U.S. Stock Market - U.S. stocks traded higher, with the Dow Jones index gaining more than 100 points, up 0.33% to 49,259.65 [1] - The NASDAQ increased by 0.09% to 23,521.63, and the S&P 500 rose 0.26% to 6,933.84 [1] - Materials shares gained 0.8%, while health care stocks dipped by 0.2% [1] Company Earnings - Steel Dynamics Inc reported fourth-quarter earnings of $1.82 per share, missing the analyst consensus estimate of $1.95 per share [2] - The company also reported quarterly sales of $4.414 billion, which fell short of the analyst consensus estimate of $4.575 billion [2] Commodity Market - Oil prices decreased by 0.6% to $60.72, while gold prices increased by 1.8% to $5,068.50 [4] - Silver rose by 8.1% to $109.565, and copper increased by 0.5% to $5.9770 [4] Asian Markets - Asian markets closed mixed, with Japan's Nikkei falling 1.79%, Hong Kong's Hang Seng Index gaining 0.06%, and China's Shanghai Composite declining 0.09% [6] Stock Movements - Battalion Oil Corp shares surged 379% to $6.13 after switching gas processing partners and boosting production [8] - Brand Engagement Network Inc shares increased by 196% to $48.79 following a strategic partnership announcement [8] - Gaxos.ai Inc shares rose 76% to $1.97, while Mingteng International Corp shares dropped 36% to $2.16 [8] - CN ENERGY GROUP Inc shares fell 35% to $0.52 due to a Nasdaq delisting determination [8] - 60 Degrees Pharmaceuticals Inc shares decreased by 23% to $3.52 after a 10% drop on Friday [8] Economic Indicators - U.S. durable-goods orders rose 5.3% month-over-month in November, surpassing market estimates of a 3.7% increase [9]

Core Viewpoint - Steel Dynamics' stock experienced volatility following the release of better-than-expected earnings, yet management expressed optimism for the sector's outlook in 2026 [1] Group 1: Company Performance - Steel Dynamics' shares increased by 7% year-to-date and 48% over the past 12 months prior to the earnings announcement [1] - The company's earnings surpassed expectations, leading to an initial jump in stock price before a subsequent decline [1] Group 2: Sector Outlook - Management's comments provided a hopeful perspective for the steel sector in the upcoming year, indicating potential recovery and growth [1]

Earnings Expectations - Steel Dynamics Inc. (NASDAQ:STLD) is expected to report quarterly earnings of $1.69 per share on revenue of $4.57 billion [1] - Nucor Corp. (NYSE:NUE) is anticipated to post quarterly earnings of $1.91 per share on revenue of $7.87 billion [1] - W R Berkley Corp. (NYSE:WRB) is projected to report quarterly earnings of $1.13 per share on revenue of $3.66 billion [1] - Sanmina Corp. (NASDAQ:SANM) is expected to report quarterly earnings of $2.13 per share on revenue of $3.08 billion [1] Recent Performance - Baker Hughes Co. (NASDAQ:BKR) reported adjusted earnings of 78 cents per share, exceeding market estimates of 67 cents per share, with quarterly sales of $7.386 billion, surpassing expectations of $7.068 billion [1] - Steel Dynamics shares rose 1.4% to close at $181.32 on Friday [1] - Nucor shares increased by 0.8% to close at $181.65 on Friday [1] - W R Berkley shares fell 0.6% to close at $67.12 on Friday [1] - Sanmina shares decreased by 0.9% to close at $177.83 on Friday [1] - Baker Hughes shares fell 1.2% to close at $53.80 on Friday [1]

Group 1 - Steel Dynamics, Inc. (NASDAQ:STLD) is recognized as an excellent company and a strong investment opportunity, particularly in the context of tariffs benefiting American companies [1][2] - The company is a major player in the steel and aluminum production industry, also involved in metal recycling, producing a variety of products including hot-rolled and coated steel, aluminum products, and managing scrap processing [2] - Since the mention of Steel Dynamics by Jim Cramer, the stock has appreciated nearly 41%, indicating strong market performance [3] Group 2 - The company is expected to benefit from President Trump's tariffs aimed at subsidized foreign competitors, particularly from Japan and China, which positions it favorably in the current market [2] - While Steel Dynamics shows potential, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk, indicating a competitive investment landscape [3]

Core Viewpoint - Steel Dynamics, Inc. is poised to report strong financial performance with significant increases in earnings and revenue for the upcoming quarterly earnings release on January 26, 2026 [1] Financial Performance - Analysts expect Steel Dynamics to report earnings per share (EPS) of $1.72, a 26.5% increase from $1.36 in the same quarter last year [2][6] - Revenue for the period is projected to be approximately $4.54 billion, marking a 17.2% increase from the previous year's $3.87 billion [2][6] Market Valuation - The company has a price-to-earnings (P/E) ratio of 23.32, indicating the amount investors are willing to pay for each dollar of earnings [3] - The price-to-sales ratio is 1.48, suggesting the market values the company at 1.48 times its annual sales [3] Dividend Information - Steel Dynamics offers a dividend yield of 1.11%, translating to a quarterly dividend of 50 cents per share [4] - An investment of approximately $536,430, or around 3,000 shares, would generate a monthly income of $500 [4] - A smaller investment of $107,286, or about 600 shares, would yield a monthly income of $100 [4] Financial Health - The company has a debt-to-equity ratio of 0.42, indicating a moderate level of debt [5] - Steel Dynamics maintains a strong liquidity position with a current ratio of 3.11, ensuring sufficient assets to cover its liabilities [5]

Steel Dynamics, Inc. (NASDAQ:STLD) will release earnings for the fourth quarter before the opening bell on Monday, Jan. 26.Analysts expect the company to report fourth-quarter earnings of $1.72 per share. That’s up from $1.36 per share in the year-ago period. The consensus estimate for Steel Dynamics' quarterly revenue is $4.59 billion (it reported $3.87 billion last year), according to Benzinga Pro.With the recent buzz around Steel Dynamics, some investors may be eyeing potential gains from the company's d ...

Core Viewpoint - Steel Dynamics (STLD) is expected to report quarterly earnings of $1.72 per share, reflecting a 26.5% increase year-over-year, with revenues projected at $4.54 billion, a 17.2% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.4% in the last 30 days, indicating analysts' reassessment of their initial estimates [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue and Sales Projections - Analysts estimate 'External Net Sales- Steel Fabrication' to reach $362.78 million, a decrease of 8.4% from the year-ago quarter [5]. - 'External Net Sales- Steel' is projected at $3.21 billion, representing a 21.3% increase year-over-year [5]. - 'External Net Sales- Metals Recycling' is expected to be $471.84 million, a decline of 2.1% from the previous year [5]. - The consensus for 'External Net Sales- Other' is $317.61 million, indicating a 10.4% increase year-over-year [6]. Pricing and Shipment Metrics - The average external sales price for steel is projected at $1,092 per tonne, up from $1,011 per tonne a year ago [6]. - 'Steel Fabrication - Average sales price' is expected to be $2,558 per tonne, down from $2,718 per tonne in the same quarter last year [7]. - 'Steel - External Shipments' are forecasted to reach 2,939 thousand tons, compared to 2,618 thousand tons in the previous year [7]. - 'Steel Fabrication - Shipments' are estimated at 142 thousand tons, slightly down from 146 thousand tons year-over-year [8]. - 'Steel - Flat Roll shipments' are projected at 1,997 thousand tons, an increase from 1,842 thousand tons year-over-year [9]. - 'Metals Recycling - Ferrous shipments' are expected to be 1,440 thousand tons, compared to 1,421 thousand tons in the same quarter last year [9]. - 'Steel - Flat Roll shipments - Steel Processing Divisions' are estimated at 494 thousand tons, up from 460 thousand tons year-over-year [10]. Stock Performance - Steel Dynamics shares have decreased by 3% over the past month, while the Zacks S&P 500 composite has seen a decline of 0.4%. The company holds a Zacks Rank 2 (Buy), indicating expected outperformance in the near term [11].