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Steel Dynamics (STLD)
NASDAQ:STLD
Earnings Data
Report Date
Apr 22, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.14Last Year’s EPS
1.44Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple material positives: record shipments, strong cash flow and adjusted EBITDA, robust liquidity, significant share buybacks, substantial progress and early profitability in the new aluminum platform, and outsized mill utilization versus peers. Key near-term challenges include compressed flat-rolled steel margins year-over-year, seasonal/planned outages that reduced Q4 production (~140–150k tons), working capital drag from aluminum ramp (~$155M impact in Q4), and normal commissioning/operational risks (including a limited Sinton transformer failure). On balance, the company conveyed confident execution, a improving free cash flow profile, and high conviction in long-term value creation despite manageable near-term startup and market headwinds.Company Guidance
Record Annual Steel Shipments
Steel Dynamics achieved record 2025 steel shipments of 13,700,000 tons, demonstrating strong volume execution and operational scale.
Strong Cash Generation and Adjusted EBITDA
Cash from operations was $1,400,000,000 for 2025 and adjusted EBITDA was $2,200,000,000, supporting liquidity (> $2,200,000,000) and capital allocation flexibility.
Net Income and Operating Income for 2025
Full-year 2025 net income was $1,200,000,000 ($7.99 per diluted share) and operating income totaled $1,500,000,000, reflecting meaningful profitability despite market headwinds.
Aluminum Dynamics Early Commercial Success
Aluminum Dynamics reached EBITDA positive in December 2025 after shipping ~10,000 metric tons (about 20% of eventual capability). Management expects ramp to ~90% utilization by year-end 2026 and a through-cycle mill EBITDA target of $650M–$700M plus $40M–$50M for the omni platform.
Metals Recycling Growth
Metals recycling operating income was $97,000,000 for 2025, nearly +30% versus 2024, driven by improved pricing, volume, and operating efficiency; platform provides strategic raw material advantage for steel and aluminum.
High Through-Cycle Mill Utilization vs. Industry
Company-wide steel mill utilization averaged ~86% in 2025 versus an estimated North American industry production utilization of ~77%, supporting better fixed-cost absorption and through-cycle cash generation.
Disciplined Capital Allocation and Shareholder Returns
2025 capital investments were $948,000,000; repurchased $900,000,000 of stock (~>4% of shares) during 2025 ($240,000,000 in Q4) and maintained strong liquidity and an investment-grade focus; free cash flow profile materially improved (five-year avg 2011–2015 = $540M vs recent five-year = $2,200M).
Strategic M&A and Integration Progress
Completed purchase of remaining 55% equity of New Process Steel effective December 1, 2025; continued strategic positioning including a public proposal for BlueScope (though not accepted).
STLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 26, 2026 | $181.32 | $173.32 | -4.41% |
Oct 20, 2025 | $146.28 | $153.82 | +5.15% |
Jul 21, 2025 | $134.04 | $131.76 | -1.70% |
Apr 22, 2025 | $116.52 | $121.58 | +4.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Steel Dynamics (STLD) report earnings?
Steel Dynamics (STLD) is schdueled to report earning on Apr 22, 2026, After Close (Confirmed).
What is Steel Dynamics (STLD) earnings time?
Steel Dynamics (STLD) earnings time is at Apr 22, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STLD EPS forecast?
STLD EPS forecast for the fiscal quarter 2026 (Q1) is 3.14.
