Earnings ·
Steel Dynamics reports Q3 net income of $756 million on record steel shipments
STLDSteel Dynamics Inc
Steel Dynamics reported third quarter 2026 net sales of $6.5 billion and net income of $756 million, or $5.26 per diluted share, compared to $404 million in the prior-year period. The company achieved record steel shipments of 3.8 million tons and an operating income of $1.0 billion, driven by improved pricing and lower scrap costs. Adjusted EBITDA reached $1.2 billion with cash flow from operations of $846 million. The firm repurchased $276 million in stock and paid $76 million in dividends while maintaining $2.4 billion in liquidity. Steel Dynamics is a leading domestic steel producer, metal recycler, and fabricator that also operates aluminum flat-rolled products.