Steel Dynamics Inc reported quarterly results for 2026 with revenue of $6.09B and diluted EPS of $3.69, reflecting higher selling prices and volumes and improved recycling performance versus the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$6.09B$4.57B33.4% | Net income²$534.09M$298.73M78.8% | Diluted EPS³$3.69$2.0183.6% |
¹ Reported as “Total net sales”. ² Reported as “Net income attributable to Steel Dynamics, Inc.”. ³ Reported as “Diluted earnings per share attributable to Steel”.
Business Highlights
- Record steel shipments of 3.7M tons for the quarter; segment shipments rose about 7% year over year.
- Steel segment sales increased roughly 22% in the quarter driven by higher selling prices and volumes.
- Metals recycling sales rose 9% in the quarter with higher ferrous volumes and a roughly 52% increase in nonferrous spreads, boosting recycling operating income.
- A recycled aluminum mill was commissioned and shipped 53k MT in the quarter; shipments and earnings are expected to grow in the second half of 2026.
- Steel fabrication orders and backlog were up about 45% year over year, with volumes up 19% in the quarter, supporting future revenue visibility.
Original SEC Filing:
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