---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-045938"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:02:37.025940+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics Q1 2026 net income $403M ($2.78 EPS), record shipments; raises dividend 6%

## Summary
- Net income $403M ($2.78 diluted EPS) vs Q4 2025 $266M ($1.82) and Q1 2025 $217M ($1.44).
- Record steel shipments 3.6M tons; steel ops operating income $557M, up 73% sequentially.
- Aluminum startup loss $65M but shipments rose to 22,500 metric tons (from 14,600).
- Cash flow from ops $148M after $120M profit-sharing distribution; liquidity $2.0B.
- Quarterly dividend increased 6%; repurchased $115M in common stock.

## SEC filing metadata
- accession: 0001104659-26-045938
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465926045938/0001104659-26-045938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465926045938/tm2612296d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-045938
- JSON: https://secwatch.observer/filing/0001104659-26-045938.json
- Plain text: https://secwatch.observer/filing/0001104659-26-045938.txt

## Key facts
- Earnings Releases
  STEEL DYNAMICS INC reported first quarter 2026 results: revenue $5.2 billion, net income $403 million, EPS $2.78 per diluted share.
  - Period: first quarter 2026
  - Revenue: $5.2 billion
  - Net income: $403 million
  - EPS: $2.78 per diluted share
  - Result: reported results
  source text: The company reported first quarter 2026 net sales of $5.2 billion and net income of $403 million, or $2.78 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022671/000110465926045938/0001104659-26-045938-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.