Earnings ·
Steel Dynamics issued a press release providing third quarter 2026 earnings guidance of $5.34 to $5.38 per diluted…
STLDSteel Dynamics Inc
Steel Dynamics issued a press release providing third quarter 2026 earnings guidance of $5.34 to $5.38 per diluted share, up from $3.69 in the second quarter and $2.74 in the prior year period. The company attributes improved profitability to metal margin expansion, record shipments, higher realized steel selling values, and lower scrap costs. Customer order activity remains strong across non-residential construction, energy, automotive, and industrial sectors. Conversely, metals recycling earnings are expected to decline due to lower spreads and shipments, while steel fabrication earnings should improve modestly on stronger volumes. Aluminum operations are projected to see meaningful improvement as the new Columbus, Mississippi mill ramps up production. The company has repurchased $261 million of common stock in the third quarter and plans to report results after market close on October 19, 2026. Steel Dynamics is a leading industrial metals solutions company that produces steel, aluminum, and recycled metal products.