Steel Dynamics reports Q1 EPS $2.78, consensus $2.79

Reports Q1 revenue $5.2B, consensus $5.06B. “The teams executed well, delivering a strong first quarter 2026 performance across all of our platforms, with operating income increasing $228 million, or 73 percent,” said Mark Millett, Chairman and Chief Executive Officer. “The improvement in earnings was driven by record steel shipments combined with higher steel prices. Our three-year after-tax return-on-invested capital of 13 percent is a testament to our ongoing high-return capital allocation execution. We are growing, returning capital to shareholders, and maintaining strong returns with best-in-class performance compared to domestic manufacturers.”