earnings
confidence high
sentiment positive
materiality 0.80
Steel Dynamics Q2 net income $534M, record steel shipments; aluminum ramp continues
STEEL DYNAMICS INC
- Q2 net income $534M ($3.69 diluted EPS) vs $299M ($2.01) a year ago; net sales $6.1B.
- Record steel shipments of 3.7M tons; steel ops operating income $721M, up 30% sequentially.
- Adjusted EBITDA $921M; cash from ops $428M; share repurchases $200M in Q2.
- Aluminum ops loss $33M (improved 48% sequentially) plus $16M impairment; shipments 53K metric tons.
- Outlook: confident in strong domestic steel/aluminum demand through 2026-2027; aluminum mill commissioning progressing.