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.
Why Is Steel Dynamics (STLD) Up 0.5% Since Last Earnings Report?
Read MoreHide Full Article
It has been about a month since the last earnings report for Steel Dynamics (STLD - Free Report) . Shares have added about 0.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Steel Dynamics due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.
Steel Dynamics’ Q3 Earnings Beat Estimates on Record Steel Shipments
Steel Dynamics reported third-quarter 2025 earnings of $2.74 per share, up from $2.05 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $2.66.
Net sales in the second quarter were up around 11.2% year over year to $4,828.2 million. The metric surpassed the Zacks Consensus Estimate of $4,690.7 million.
Strong financial performance and achievement of several operational milestones in the third quarter resulted in a sequential improvement in margins. The company expects better market conditions, fewer unfair imports and rising U.S. manufacturing to boost demand, while its low-carbon steel and aluminum expansion supports strong long-term growth.
Segment Highlights
Net sales for steel operations were $3,538.04 million in the reported quarter, up around 21.3% year over year. Steel Dynamics registered record steel shipments of roughly 3.6 million tons in the quarter compared with our estimate of 3.36 million tons.
Steel Dynamics’ steel operations reported an average external product selling price of $1,119 per ton, up from $1,059 in the year-ago quarter and down from $1,134 in the previous quarter. The figure was above our estimate of $973 per ton.
Net sales of Metal’s recycling operations were $520.99 million in the quarter under review, up around 4.5% from the year-ago quarter. Steel Dynamics registered ferrous shipments of around 1.59 million gross tons in the quarter, up 8.8% year over year. The figure outpaced our estimate of 1.56 million gross tons.
The company's steel fabrication operations reported sales of around $377.7 million, down roughly 15.56% year over year. Steel Dynamics recorded steel fabrication shipments of 151,563 tons in the quarter, down around 4.4% year over year. The figure surpassed our estimate of 148,833 tons.
Financial Position
Steel Dynamics ended the quarter with cash and cash equivalents of $770.4 million, down around 24.12% year over year. Long-term debt was $3,781 million, up roughly 35% from the year-ago quarter.
The company generated cash flow from operations of $722.6 million in the reported quarter, down around 5% year over year.
Outlook
The company anticipates improving market conditions supported by greater trade stability, policy clarity, and a more favorable interest rate environment. These factors, coupled with the expansion of U.S. manufacturing, are expected to drive stronger domestic demand for steel and aluminum products. Management also expects a reduction in unfairly traded imports, following the U.S. International Trade Commission’s final determinations on coated flat-rolled steel, to benefit its operations and market positioning.
The company continues to strengthen its competitive advantage through its focus on low-carbon, U.S.-made steel and aluminum solutions. The aluminum business remains on track with the commissioning of the Columbus, MS and San Luis Potosi facilities. The company remains confident in its long-term growth strategy, driven by sustainable, high-margin operations and its expansion into aluminum flat-rolled products.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -7.81% due to these changes.
VGM Scores
Currently, Steel Dynamics has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Steel Dynamics has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why Is Steel Dynamics (STLD) Up 0.5% Since Last Earnings Report?
It has been about a month since the last earnings report for Steel Dynamics (STLD - Free Report) . Shares have added about 0.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Steel Dynamics due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.
Steel Dynamics’ Q3 Earnings Beat Estimates on Record Steel Shipments
Steel Dynamics reported third-quarter 2025 earnings of $2.74 per share, up from $2.05 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $2.66.
Net sales in the second quarter were up around 11.2% year over year to $4,828.2 million. The metric surpassed the Zacks Consensus Estimate of $4,690.7 million.
Strong financial performance and achievement of several operational milestones in the third quarter resulted in a sequential improvement in margins. The company expects better market conditions, fewer unfair imports and rising U.S. manufacturing to boost demand, while its low-carbon steel and aluminum expansion supports strong long-term growth.
Segment Highlights
Net sales for steel operations were $3,538.04 million in the reported quarter, up around 21.3% year over year. Steel Dynamics registered record steel shipments of roughly 3.6 million tons in the quarter compared with our estimate of 3.36 million tons.
Steel Dynamics’ steel operations reported an average external product selling price of $1,119 per ton, up from $1,059 in the year-ago quarter and down from $1,134 in the previous quarter. The figure was above our estimate of $973 per ton.
Net sales of Metal’s recycling operations were $520.99 million in the quarter under review, up around 4.5% from the year-ago quarter. Steel Dynamics registered ferrous shipments of around 1.59 million gross tons in the quarter, up 8.8% year over year. The figure outpaced our estimate of 1.56 million gross tons.
The company's steel fabrication operations reported sales of around $377.7 million, down roughly 15.56% year over year. Steel Dynamics recorded steel fabrication shipments of 151,563 tons in the quarter, down around 4.4% year over year. The figure surpassed our estimate of 148,833 tons.
Financial Position
Steel Dynamics ended the quarter with cash and cash equivalents of $770.4 million, down around 24.12% year over year. Long-term debt was $3,781 million, up roughly 35% from the year-ago quarter.
The company generated cash flow from operations of $722.6 million in the reported quarter, down around 5% year over year.
Outlook
The company anticipates improving market conditions supported by greater trade stability, policy clarity, and a more favorable interest rate environment. These factors, coupled with the expansion of U.S. manufacturing, are expected to drive stronger domestic demand for steel and aluminum products. Management also expects a reduction in unfairly traded imports, following the U.S. International Trade Commission’s final determinations on coated flat-rolled steel, to benefit its operations and market positioning.
The company continues to strengthen its competitive advantage through its focus on low-carbon, U.S.-made steel and aluminum solutions. The aluminum business remains on track with the commissioning of the Columbus, MS and San Luis Potosi facilities. The company remains confident in its long-term growth strategy, driven by sustainable, high-margin operations and its expansion into aluminum flat-rolled products.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -7.81% due to these changes.
VGM Scores
Currently, Steel Dynamics has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Steel Dynamics has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.