The earnings call highlighted significant achievements in safety performance, revenue growth, and strategic advancements in aluminum and recycling operations. However, there were notable challenges, including supply chain issues, operational losses in aluminum, and a decline in metal recycling income.

Company Guidance -

Q3 2025

During the Steel Dynamics Second Quarter 2025 Earnings Conference Call, several key metrics were highlighted, showcasing the company's performance and future guidance. The company reported a net income of $299 million, or $2.01 per diluted share, with an adjusted EBITDA of $533 million. Revenue for the second quarter reached $4.6 billion, reflecting higher realized steel pricing. Steel Operations generated an operating income of $382 million, driven by a $136 increase in average realized pricing to $1,134 per ton. The Metals Recycling operations saw record shipments, although operating income decreased by $4 million to $21 million due to lower realized ferrous pricing. Steel Fabrication achieved operating income of $93 million, with expectations for improved profitability in the third quarter. The Aluminum Operations incurred losses of $69 million in the first half, with anticipated improvement in the fourth quarter as production ramps up. The company expects to achieve monthly EBITDA positive results for aluminum before the end of 2025. Additionally, capital investments for the second half of 2025 are estimated at $400 million, primarily for aluminum and biocarbon growth projects. Steel Dynamics also reported liquidity of $1.9 billion, with cash flow from operations at $302 million.

Record Safety Performance

Achieved an all-time low quarterly recordable and lost time injury rates, with 80% of locations having no recordable injuries.

Metals Recycling Record Shipments

Achieved record quarterly Metals Recycling shipments with adjusted EBITDA of $533 million.

First Aluminum Shipments

Shipped the first commercial quality aluminum flat-rolled coils on June 16.

Volkswagen Global Group Award for Sustainability

Awarded for sustainability, highlighting the success of the low-carbon steel program.

Significant Quarterly Revenue and Income Increase

Second quarter net income was $299 million with a revenue of $4.6 billion, representing a 39% increase in operating income from the first quarter.

Steel Dynamics (STLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

STLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2025 (Q3)	2.74 / -	2.05	―	―	―
Jul 21, 2025	2025 (Q2)	2.24 / 2.01	2.72	-26.10% (-0.71)
Apr 22, 2025	2025 (Q1)	1.38 / 1.44	3.67	-60.76% (-2.23)
Jan 22, 2025	2024 (Q4)	1.29 / 1.36	2.61	-47.89% (-1.25)
Oct 16, 2024	2024 (Q3)	1.98 / 2.05	3.47	-40.92% (-1.42)
Jul 17, 2024	2024 (Q2)	2.71 / 2.72	4.81	-43.45% (-2.09)
Apr 23, 2024	2024 (Q1)	3.51 / 3.67	4.01	-8.48% (-0.34)
Jan 23, 2024	2023 (Q4)	2.63 / 2.61	4.37	-40.27% (-1.76)
Oct 18, 2023	2023 (Q3)	3.54 / 3.47	5.46	-36.45% (-1.99)
Jul 19, 2023	2023 (Q2)	4.78 / 4.81	6.73	-28.53% (-1.92)

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
Jul 21, 2025	$134.53	$132.24	-1.70%
Apr 22, 2025	$116.94	$122.02	+4.34%
Jan 22, 2025	$121.92	$121.41	-0.42%
Oct 16, 2024	$128.32	$133.45	+4.00%

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.