We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Steel Dynamics' Earnings and Revenues Outpace Estimates in Q1
Read MoreHide Full Article
Steel Dynamics, Inc. (STLD - Free Report) logged first-quarter 2025 earnings of $1.44 per share, down from $3.67 in the year-ago quarter. However, the bottom line topped the Zacks Consensus Estimate of $1.40.
Net sales in the first quarter were down around 6.9% year over year to $4,369.2 million. It beat the Zacks Consensus Estimate of $4,146.2 million.
The steel demand strengthened in the first quarter, with customer orders rebounding and backlogs growing steadily across the company’s steel and steel fabrication operations.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Steel Dynamics, Inc. Price, Consensus and EPS Surprise
Net sales for steel operations were $3,067 million in the reported quarter, down around 8.9% year over year. STLD registered steel shipments of roughly 3.5 million tons in the quarter. This compares to our estimate of 3.45 million tons.
STLD's steel operations reported an average external product selling price of $998 per ton, down from $1,201 per ton in the year-ago quarter and $1,011 per ton in the previous quarter. It missed our estimate of $1,019 per ton.
Net sales of Metal’s recycling operations were $534.9 million in the quarter under review, up around 5.4% from the year-ago quarter. STLD registered ferrous shipments of around 1.45 million gross tons in the quarter, stable year over year. The figure lagged our estimate of 1.49 million gross tons.
The company's steel fabrication operations raked in sales of around $352.3 million, down roughly 21.2% year over year. Steel Dynamics recorded steel fabrication shipments of 135,581 tons in the quarter, down around 5.7% year over year. The figure topped our estimate of 126,841 tons.
STLD’S Financial Position
Steel Dynamics ended the quarter with cash and cash equivalents of $1,186.9 million, up around 14.1% year over year. Long-term debt was $3,777.1 million, up roughly 44.6% from the year-ago quarter.
The company generated cash flow from operations of $152.6 million in the reported quarter, down around 57% year over year.
STLD’S Outlook
The company issued a positive outlook on domestic steel demand, expecting it to remain strong through 2025 and beyond. It reported improved order activity across its businesses and noted that steel prices strengthened in early 2025. However, some customer hesitation has emerged due to recent trade measures.
Overall, the company believes that strong demand for U.S.-produced, lower-carbon steel products —along with reduced import levels—will continue to support both pricing and demand. It also sees the ongoing trend of onshoring of manufacturing and anticipated investments in fixed assets, backed by both public and private funding, as key factors enhancing the competitiveness of the domestic steel industry.
Additionally, the company expects that recent preliminary determinations by the International Trade Commission on coated flat-rolled steel will help curb unfair imports of these products into the United States, which would be particularly beneficial given its position as the largest non-automotive flat-rolled steel coater in the country. It believes these broader industry trends will have a positive impact across all its business platforms.
STLD’S Price Performance
Shares of Steel Dynamics have lost 9.6% over the past year compared with a 39.9% decline of its industry.
Image Source: Zacks Investment Research
STLD’s Zacks Rank & Other Key Picks
STLD currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. (RGLD - Free Report) , Kinross Gold Corporation (KGC - Free Report) and Hawkins, Inc. (HWKN - Free Report) .
RGLD is slated to report first-quarter results on May 7. The Zacks Consensus Estimate for earnings is pegged at $1.37. RGLD beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 5.4%. RGLD carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Kinross is scheduled to report first-quarter results on May 6. The Zacks Consensus Estimate for KGC’s first-quarter earnings is pegged at 21 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 23.7%. KGC currently carries a Zacks Rank #2.
Hawkins is expected to report first-quarter results on May 21. The consensus estimate for Hawkins’ earnings is pegged at 74 cents. HWKN, carrying a Zacks Rank #1, beat the consensus estimate in one of the last four quarters while missing thrice, with the average earnings surprise being 6.1%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Steel Dynamics' Earnings and Revenues Outpace Estimates in Q1
Steel Dynamics, Inc. (STLD - Free Report) logged first-quarter 2025 earnings of $1.44 per share, down from $3.67 in the year-ago quarter. However, the bottom line topped the Zacks Consensus Estimate of $1.40.
Net sales in the first quarter were down around 6.9% year over year to $4,369.2 million. It beat the Zacks Consensus Estimate of $4,146.2 million.
The steel demand strengthened in the first quarter, with customer orders rebounding and backlogs growing steadily across the company’s steel and steel fabrication operations.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Steel Dynamics, Inc. Price, Consensus and EPS Surprise
Steel Dynamics, Inc. price-consensus-eps-surprise-chart | Steel Dynamics, Inc. Quote
STLD’S Segment Highlights
Net sales for steel operations were $3,067 million in the reported quarter, down around 8.9% year over year. STLD registered steel shipments of roughly 3.5 million tons in the quarter. This compares to our estimate of 3.45 million tons.
STLD's steel operations reported an average external product selling price of $998 per ton, down from $1,201 per ton in the year-ago quarter and $1,011 per ton in the previous quarter. It missed our estimate of $1,019 per ton.
Net sales of Metal’s recycling operations were $534.9 million in the quarter under review, up around 5.4% from the year-ago quarter. STLD registered ferrous shipments of around 1.45 million gross tons in the quarter, stable year over year. The figure lagged our estimate of 1.49 million gross tons.
The company's steel fabrication operations raked in sales of around $352.3 million, down roughly 21.2% year over year. Steel Dynamics recorded steel fabrication shipments of 135,581 tons in the quarter, down around 5.7% year over year. The figure topped our estimate of 126,841 tons.
STLD’S Financial Position
Steel Dynamics ended the quarter with cash and cash equivalents of $1,186.9 million, up around 14.1% year over year. Long-term debt was $3,777.1 million, up roughly 44.6% from the year-ago quarter.
The company generated cash flow from operations of $152.6 million in the reported quarter, down around 57% year over year.
STLD’S Outlook
The company issued a positive outlook on domestic steel demand, expecting it to remain strong through 2025 and beyond. It reported improved order activity across its businesses and noted that steel prices strengthened in early 2025. However, some customer hesitation has emerged due to recent trade measures.
Overall, the company believes that strong demand for U.S.-produced, lower-carbon steel products —along with reduced import levels—will continue to support both pricing and demand. It also sees the ongoing trend of onshoring of manufacturing and anticipated investments in fixed assets, backed by both public and private funding, as key factors enhancing the competitiveness of the domestic steel industry.
Additionally, the company expects that recent preliminary determinations by the International Trade Commission on coated flat-rolled steel will help curb unfair imports of these products into the United States, which would be particularly beneficial given its position as the largest non-automotive flat-rolled steel coater in the country. It believes these broader industry trends will have a positive impact across all its business platforms.
STLD’S Price Performance
Shares of Steel Dynamics have lost 9.6% over the past year compared with a 39.9% decline of its industry.
Image Source: Zacks Investment Research
STLD’s Zacks Rank & Other Key Picks
STLD currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. (RGLD - Free Report) , Kinross Gold Corporation (KGC - Free Report) and Hawkins, Inc. (HWKN - Free Report) .
RGLD is slated to report first-quarter results on May 7. The Zacks Consensus Estimate for earnings is pegged at $1.37. RGLD beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 5.4%. RGLD carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Kinross is scheduled to report first-quarter results on May 6. The Zacks Consensus Estimate for KGC’s first-quarter earnings is pegged at 21 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 23.7%. KGC currently carries a Zacks Rank #2.
Hawkins is expected to report first-quarter results on May 21. The consensus estimate for Hawkins’ earnings is pegged at 74 cents. HWKN, carrying a Zacks Rank #1, beat the consensus estimate in one of the last four quarters while missing thrice, with the average earnings surprise being 6.1%.