Highest-materiality recent filing
Steel Dynamics Q1 2026 net income $403M ($2.78 EPS), record shipments; raises dividend 6%
Net income $403M ($2.78 diluted EPS) vs Q4 2025 $266M ($1.82) and Q1 2025 $217M ($1.44).
Steel Dynamics guides Q1 2026 EPS $2.73-$2.77, well above Q4 $1.82
Q1 2026 EPS guidance range $2.73-$2.77 vs sequential Q4 $1.82 and prior-year Q1 $1.44.
Steel Dynamics and SGH submit best and final A$32.35/share all-cash offer for BlueScope Steel
Offer of A$32.35/share (adjusted for dividends) implies total equity value of A$15B (US$11B), all cash.
Steel Dynamics Q4 net income $266M ($1.82 EPS); full-year earnings decline to $1.2B
Q4 net sales $4.4B; net income $266M vs $404M sequential and $207M YoY.
Steel Dynamics and SGH submit AUD$30/share NBIO to acquire BlueScope Steel for AUD$13.2B
AUD$30.00 (USD$20.04) per share cash offer for BlueScope Steel Ltd (BSL), valuing equity at AUD$13.2B.
Steel Dynamics guides Q4 2025 EPS $1.65-$1.69; sequential drop from $2.74
Q4 2025 EPS guidance $1.65-$1.69, down from Q3 2025's $2.74; up from Q4 2024's $1.36.
Steel Dynamics completes acquisition of remaining 55% of New Process Steel
Completed acquisition of remaining 55% equity interest in New Process Steel, a metals solutions and distribution company.
Steel Dynamics issues $800M of notes, redeems $400M of 5.000% notes due 2026
Issued $650M 4.000% notes due Dec 15, 2028 and $150M additional 5.250% notes due May 15, 2035 (reopening of existing $600M series).
Steel Dynamics Q3 2025 net income $404M, adjusted EBITDA $664M, record steel shipments
Record steel shipments of 3.6 million tons in Q3 2025, up sequentially.
Steel Dynamics guides Q3 2025 EPS $2.60-$2.64, above Q2's $2.01 and prior year $2.05
Q3 2025 diluted EPS guidance $2.60-$2.64; Q2 2025 was $2.01, prior year Q3 was $2.05.
Steel Dynamics to acquire remaining 55% of New Process Steel
Steel Dynamics will acquire the 55% it does not already own; New Process is its largest flat roll steel customer.
Steel Dynamics Q2 net income $299M ($2.01 EPS) up 38% sequentially; first aluminum coils shipped
Q2 net sales $4.6B, net income $299M ($2.01 EPS); Q1 was $217M ($1.44 EPS), prior year Q2 was $428M ($2.72 EPS).
Steel Dynamics guides Q2 2025 EPS $2.00-$2.04, up from Q1 $1.44 but down YoY
Q2 2025 EPS guidance range $2.00-$2.04 vs Q1 actual $1.44 and Q2 2024 actual $2.72.
Steel Dynamics Q1 EPS $1.44, down 63% YoY; record steel shipments 3.5M tons
Net sales $4.4B, net income $217M ($1.44 diluted EPS), down 63% from $584M in Q1 2024.
Steel Dynamics guides Q1 2025 EPS $1.36-$1.40, down 63% YoY; raises dividend 9%
EPS guidance $1.36-$1.40 vs Q4 $1.36 and Q1 2024 $3.67.
Steel Dynamics raises Q1 2025 dividend by 9% to $0.50/share and authorizes $1.5B buyback
Quarterly cash dividend increased 9% to $0.50 per share; payable April 11, 2025 to holders of record March 31, 2025.
Steel Dynamics 2024 EPS $9.84, down 33% YoY; Q4 $1.36 vs $2.61
Annual net sales $17.5B (-7% YoY), net income $1.5B (-40% YoY), diluted EPS $9.84 vs $14.64.
Steel Dynamics guides Q4 2024 EPS $1.26-$1.30, well below Q3 $2.05 and prior year $2.61
Q4 2024 diluted EPS guidance $1.26-$1.30, down from Q3 2024 actual $2.05 and prior-year Q4 $2.61.
Steel Dynamics Q3 net income $318M ($2.05 EPS), down from $577M a year ago
Net sales $4.3B, net income $318M ($2.05 diluted EPS) vs $428M ($2.72) in Q2 2024 and $577M ($3.47) in Q3 2023.
Steel Dynamics guides Q3 EPS $1.94-$1.98, down from $2.72 Q2 and $3.47 YoY
Q3 2024 diluted EPS guidance $1.94-$1.98; Q2 2024 EPS was $2.72, Q3 2023 was $3.47.
Steel Dynamics Q2 net income $428M ($2.72 EPS) down 47% YoY from $812M ($4.81 EPS)
Net sales $4.6B, operating income $559M, adjusted EBITDA $686M; steel shipments 3.2M tons.
Steel Dynamics prices $600M of 5.375% Notes due 2034, expected to close July 3
Issued $600M aggregate principal amount of 5.375% Notes due 2034 in an underwritten offering.
Steel Dynamics guides Q2 2024 EPS $2.64–$2.68, down from Q1 $3.67 and year-ago $4.81
Expected diluted EPS $2.64–$2.68 for Q2 2024, down from Q1 actual $3.67 and Q2 2023 actual $4.81.
Steel Dynamics Q1 net income $584M, adj. EBITDA $879M; raises dividend 8%
Q1 net income $584M ($3.67 diluted EPS); adjusted EBITDA $879M; net sales $4.7B.
Effective October 1, 2025, Miguel Alvarez, the Company’s Senior Vice President Metals Recycling, will become its Senior Vice President Aluminum Group.
On May 9 , 2025, Glenn Pushis, Steel Dynamics, Inc.’s (the “Company”) Senior Vice President Special Projects, notified the Company that he will retire from the Company, effective October 1, 2025.
Max materiality 0.85 · Median 0.68 · Most common event earnings