Highest-materiality recent filing
Steel Dynamics CEO Mark Millett to retire Jan 1, 2027; Theresa Wagler named successor
Mark D. Millett to retire as CEO effective Jan 1, 2027; will become Executive Chairman.
Steel Dynamics Q2 net income $534M, record steel shipments; aluminum ramp continues
Q2 net income $534M ($3.69 diluted EPS) vs $299M ($2.01) a year ago; net sales $6.1B.
Steel Dynamics guides Q2 2026 EPS $3.51-$3.55, above Q1 $2.78 and prior year $2.01
Guidance range $3.51-$3.55 per diluted share; Q1 2026 actual $2.78, Q2 2025 actual $2.01.
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.
Steel Dynamics guides Q1 2024 EPS $3.51-$3.55, raises dividend 8%
Q1 2024 EPS guidance $3.51-$3.55; Q4 2023 actual $2.61, Q1 2023 actual $3.70.
Steel Dynamics increases quarterly dividend 8% to $0.46 per share
Board declared Q1 2024 cash dividend of $0.46 per common share, an 8% increase over the prior quarterly rate.
Miguel Alvarez, the Company’s Senior Vice President Aluminum Group, will become the Company’s Executive Vice President and Chief Operating Officer Aluminum Flat Rolled Products and Metals Recycling Operations
James Anderson, the Company’s Senior Vice President Long Products Steel Group, will become the Company’s Executive Vice President and Chief Operating Officer Construction Products Operations
Richard A. Poinsatte, the Company’s Executive Vice President and Treasurer, will become the Company’s Executive Vice President and Chief Financial Officer
Theresa E. Wagler, the Company’s Executive Vice President and Chief Financial Officer, will become the Company’s President and Chief Executive Officer
Effective immediately, the Board appointed Ms. Wagler as a member of the Board
Christopher Graham, the Company’s Senior Vice President Flot Roll Steel Group, will become the Company’s Executive Vice President and Chief Operating Officer Flat Rolled Steel Operations
Mark D. Millett, Steel Dynamics, Inc.’s (the “Company”) Chairman and Chief Executive Officer gave notice to the Company’s Board of Directors (the “Board”) of his intention to retire as Chief Executive Officer of the Company effective January 1, 2027.
Barry Schneider, the Company’s President and Chief Operating Officer, will become the Company’s Executive Vice President and Chief Technology Officer
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.
On September 15, 2023, the Board of Directors of Steel Dynamics, Inc. (the “Company”) appointed Jennifer L. Hamann, age 56, as a new independent director, with a term ending May 2024 coinciding with the Company’s regularly held Annual Meeting of Stockholders.
On February 9, 2023, Steel Dynamics, Inc. (the “company”) announced that the company’s board of directors approved the appointment of Barry T. Schneider to the newly created position of President and Chief Operating Officer of the company, effective March 1, 2023.
Max materiality 0.85 · Median 0.65 · Most common event earnings