Financial Performance - In Q4 2024, the company reported net sales of $3.9 billion and net income of $207 million, translating to $1.36 per diluted share, a decline from Q3 2024's net income of $318 million or $2.05 per diluted share, and from Q4 2023's net income of $424 million or $2.61 per diluted share [1][5][8] - For the full year 2024, net sales totaled $17.5 billion, with net income of $1.5 billion or $9.84 per diluted share, compared to $18.8 billion in net sales and $2.5 billion in net income or $14.64 per diluted share in 2023, marking a 7% decrease in sales and a 38% decline in operating income [2][8][9] Operational Highlights - The company achieved near-record annual shipments of 12.7 million tons and strong operating income of $1.6 billion from steel operations, despite facing pricing pressures due to increased steel imports [4][10] - The metals recycling operations reported an operating income of $77 million, demonstrating resilience despite a challenging pricing environment [4][6] Market Dynamics - Domestic steel demand remained stable in 2024, supported by sectors such as construction, automotive, industrial, and energy, although imports of coated flat rolled steels increased, impacting supply and pricing [3][12] - The company anticipates a decline in unfairly traded steel imports in 2025, which, combined with steady North American steel demand, is expected to create a favorable commercial environment [3][13] Strategic Investments - The company invested $1.9 billion in organic growth initiatives and maintained strong liquidity of $2.2 billion as of December 31, 2024, while also repurchasing $1.2 billion of its common stock [2][12] - New value-added flat rolled steel coating lines that began operating in 2024 are expected to enhance production capabilities and contribute to higher-margin product offerings [14][15] Future Outlook - The company is optimistic about market dynamics supporting increased demand across its operations in 2025, with stabilized steel pricing and a positive customer outlook [13][16] - The ongoing onshoring of manufacturing and significant public funding for infrastructure projects are expected to bolster demand for steel products [13][15]

Core Viewpoint - Steel Dynamics, Inc. (STLD) is expected to report its fourth-quarter 2024 results on January 22, with anticipated lower profitability due to weaker steel prices and operational challenges [1][10]. Financial Performance - STLD has beaten the Zacks Consensus Estimate in three of the last four quarters, with a trailing four-quarter earnings surprise of approximately 2.1% on average [2]. - The earnings surprise for the last reported quarter was around 3.5% [2]. - The Zacks Consensus Estimate for fourth-quarter earnings is currently set at $1.29 per share, with the company projecting earnings in the range of $1.26 to $1.30 per share [6][8]. Revenue Expectations - The Zacks Consensus Estimate for revenues in the upcoming quarter is $3,970.4 million, indicating a year-over-year decline of 6.2% [9]. Market Conditions - U.S. steel prices have sharply declined in 2024, dropping more than 40% from $1,200 per short ton at the beginning of the year due to reduced demand and oversupply [12]. - Current prices are around $700 per short ton, with a modest recovery not expected in the near term due to weak manufacturing and demand [13]. Operational Challenges - Steel Dynamics has indicated that profitability in its steel operations is expected to be significantly lower than in the third quarter, influenced by reduced average realized pricing, lower shipments, and an unplanned outage that reduced volume by approximately 50,000 tons [11]. - The average external selling price per ton for the company's steel operations is estimated at $977, reflecting a 10.3% year-over-year decline and a 7.7% sequential decrease [14].

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Steel Dynamics (STLD) . This company, which is in the Zacks Steel - Producers industry, shows potential for another earnings beat.This steel producer and metals recycler has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was ...

Wall Street analysts expect Steel Dynamics (STLD) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates a year-over-year decline of 50.6%. Revenues are expected to be $3.97 billion, down 6.2% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 9.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...

Steel Dynamics (STLD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January ...

FORT WAYNE, Ind., Jan. 10, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release Fourth Quarter and Full Year 2024 financial results after market close on Wednesday, January 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Standard Time on Thursday January 23, 2025 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler ...

Tariffs and Market Impact - The Trump administration's proposed import tariffs have stoked inflation fears, impacting stocks through stockpiling and rising costs, leading to softened demand and compressed margins [1] - The basic materials sector anticipates a potential surge in steel prices due to a proposed 60% tariff on U.S. imports of Chinese-origin steel [1] US Steel and Nippon Steel Deal - Nippon Steel won the bidding war for United States Steel Co with a $14.9 billion offer, a 40% premium over its December 15, 2023 closing price [2] - The deal was blocked by President Biden on January 3, 2025 citing national security concerns, despite unanimous shareholder approval in April 2024 [3] - US Steel needs the deal to modernize its aging infrastructure and shift from costly blast furnace technology to more efficient electric arc furnaces [6] Steel Dynamics Overview - Steel Dynamics has a solid balance sheet with low debt, positioning it well to weather macroeconomic challenges [7] - The company guided down its Q4 2024 EPS guidance to $1.26-$1.30 due to lower pricing, seasonal shipment declines, and an unplanned outage [9] - Positive business outlook for 2025 is supported by declining interest rates, U.S. infrastructure programs, and onshoring trends [10] Market and Analyst Sentiment - Steel Dynamics has a "Hold" rating among analysts, with top-rated analysts identifying five other stocks as better buys [12] - The company has repurchased $250 million of stock and anticipates improved volumes in the second half of 2025 [10]

Steel Dynamics, Inc. (STLD) expects earnings for the fourth quarter of 2024 to be $1.26 to $1.30 per share. It reported earnings $2.05 per share for the third quarter and $2.60 for fourth-quarter 2023.The company's steel operations are expected to see significantly lower fourth-quarter profitability than the third quarter due to lower average realized pricing, seasonally lower shipments and an unplanned outage at the company's Butler Flat Roll Division that further reduced volume by an estimated 50,000 tons ...

Key TakeawaysSteel Dynamics warned that lower prices and shipments and an unplanned outage at a factory will affect current-quarter earnings.The steelmaker sees fourth-quarter profit of $1.26 to $1.30, while Visible Alpha analysts were expecting $1.60.However, the company said prices have stabilized and demand remains solid. Steel Dynamics (STLD) provided lower-than-expected guidance for the current quarter, in part because of a problem with one of its plants. However, shares of the steelmaker recently edge ...

FORT WAYNE, Ind., Dec. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided fourth quarter 2024 earnings guidance in the range of $1.26 to $1.30 per diluted share. Comparatively, the company's sequential third quarter 2024 earnings were $2.05 per diluted share, and prior year fourth quarter earnings were $2.61 per diluted share. Fourth quarter 2024 profitability from the company's steel operations is expected to be meaningfully lower than sequential third quarter results, based on ...