The earnings call highlighted strong operational and financial performance, including record steel shipments, positive EBITDA from the Sinton facility, and expansion in the aluminum segment. However, the company faces challenges with rising raw material costs and increased SG&A and interest expenses. Overall, the positive developments and future growth expectations outweigh the negative aspects.

Company Guidance

During the Steel Dynamics First Quarter 2025 Earnings Conference Call, the company reported record steel shipments of 3.5 million tons and an adjusted EBITDA of $448 million. The first quarter revenue totaled $4.4 billion, a 13% increase from the previous quarter, driven primarily by steel shipments. Operating income for the quarter reached $275 million, a 16% increase sequentially, supported by steel volumes despite a $13 per ton decline in average realized external steel prices and a $16 per ton increase in average scrap prices. The company's metals recycling operations achieved operating income of $26 million, with improvements in ferrous metal spreads and volumes. Additionally, the Sinton, Texas, facility operated at approximately 86% capacity and achieved positive EBITDA for the quarter, signaling expectations for increased profitability throughout the year. Steel Dynamics also announced successful aluminum ingot casting at its Columbus, Mississippi facility in January and its Mexican satellite slab facility in March, with plans to ship commercial quality coils by June. The company maintained strong liquidity with $2.6 billion and invested $306 million in capital expenditures during the quarter, projecting annual capital investments between $800 million and $1 billion for 2025.

Record Steel Shipments

Steel Dynamics achieved record steel shipments of 3.5 million tons during the first quarter of 2025.

Adjusted EBITDA and Revenue Growth

The company reported an adjusted EBITDA of $448 million and first-quarter revenue of $4.4 billion, a 13% increase compared to the previous quarter.

Positive EBITDA for Sinton Facility

The Sinton facility operated at around 86% of capacity and achieved positive EBITDA for the quarter, with expectations of increased profitability in the future.

Aluminum Dynamics Milestone

Aluminum Dynamics successfully cast its first aluminum ingot and is on track to ship commercial quality coils by June 2025.

Strong Liquidity Position

Steel Dynamics ended the quarter with strong liquidity of $2.6 billion.

Infrastructure and Manufacturing Demand

Federal programs, manufacturing growth, and onshoring are expected to support demand for steel and joist products.

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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

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STLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 16, 2025	2025 (Q2)	2.75 / -	2.72	―	―	―
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)
Apr 19, 2023	2023 (Q1)	3.62 / 4.01	6.02	-33.39% (-2.01)

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

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STLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 22, 2025	$117.39	$122.49	+4.34%
Jan 22, 2025	$122.39	$121.88	-0.42%
Oct 16, 2024	$128.81	$133.96	+4.00%
Jul 17, 2024	$128.55	$127.62	-0.72%

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.

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