Steel Dynamics, Inc. (STLD)
| Market Cap | 21.33B |
| Revenue (ttm) | 18.80B |
| Net Income (ttm) | 2.45B |
| Shares Out | 158.16M |
| EPS (ttm) | 14.64 |
| PE Ratio | 9.21 |
| Forward PE | 11.69 |
| Dividend | $1.84 (1.37%) |
| Ex-Dividend Date | Mar 28, 2024 |
| Volume | 866,112 |
| Open | 131.36 |
| Previous Close | 130.82 |
| Day's Range | 131.10 - 135.20 |
| 52-Week Range | 90.55 - 151.34 |
| Beta | 1.48 |
| Analysts | Hold |
| Price Target | 121.17 (-10.14%) |
| Earnings Date | Apr 23, 2024 |
About STLD
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, f... [Read more]
Financial Performance
In 2023, Steel Dynamics's revenue was $18.80 billion, a decrease of -15.57% compared to the previous year's $22.26 billion. Earnings were $2.45 billion, a decrease of -36.55%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for STLD stock is "Hold." The 12-month stock price forecast is $121.17, which is a decrease of -10.14% from the latest price.
News
Steel Dynamics Reports First Quarter 2024 Results
FORT WAYNE, Ind. , April 23, 2024 /PRNewswire/ -- First Quarter 2024 Performance Highlights: Steel shipments of 3.3 million tons Net sales of $4.7 billion, operating income of $751 million, net income...
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Steel Dynamics Announces First Quarter 2024 Earnings Conference Call and Webcast
FORT WAYNE, Ind. , April 4, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends t...
Steel Dynamics Announces Leadership Appointments
FORT WAYNE, Ind. , April 1, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced leadership appointments for James Anderson and Chad Bickford.
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Steel Dynamics Stock Hits a Record High on 'Meaningfully Stronger' Profitability
Steel Dynamics (STLD) shares soared to a record high after the steel maker reported much better-than-expected guidance on booming demand.
Steel Dynamics sees ‘meaningfully stronger' profit amid broad demand growth
Shares of Steel Dynamics Inc. rallied Friday after the steelmaker provided a first-quarter profit outlook that beat expectations and cited increased shipments across its businesses.
Steel Dynamics Provides First Quarter 2024 Earnings Guidance
FORT WAYNE, Ind. , March 15, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2024 earnings guidance in the range of $3.51 to $3.55 per diluted share.
Final Trades: JPMorgan Chase, Steel Dynamics, Qualcomm and URNM
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Steel Dynamics Announces First Quarter 2024 Cash Dividend Increase of 8%
FORT WAYNE, Ind. , Feb. 26, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a first quarter cash dividend of $0.46 per common...
Steel Dynamics Announces Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast
FORT WAYNE, Ind. , Jan. 4, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to...
Steel Dynamics Reports Fourth Quarter and Annual 2023 Results
FORT WAYNE, Ind. , Jan. 23, 2024 /PRNewswire/ -- Annual 2023 Performance Highlights: Record steel shipments of 12.8 million tons Net sales of $18.8 billion, operating income of $3.2 billion, and net ...
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Steel Dynamics Stock Jumps as Company Issues Strong Current Quarter Guidance
Steel Dynamics (STLD) shares advanced after the steel producer and scrap metal recycler gave current quarter guidance above forecasts on strong orders.
Steel Dynamics stock rises after company offers consensus-beating guidance for Q4
Steel Dynamics Inc.'s stock STLD, +3.27% rose 1.6% early Friday, after the company offered fourth-quarter guidance that is ahead of consensus. Fort Wayne, Indiana-based Steel Dynamics said it expects ...
Steel Dynamics Provides Fourth Quarter 2023 Earnings Guidance
FORT WAYNE, Ind. , Dec. 15, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided fourth quarter 2023 earnings guidance in the range of $2.60 to $2.64 per diluted share.
Why is this mutual fund giant cautious about markets in 2024? T. Rowe Price shares its outlook.
Every year around this time, the giant Baltimore-based investment shop T. Rowe Price Group TROW sends investment managers and strategists to New York City to offer a year-ahead outlook on stocks, bond...
Gulf Inland Logistics Park Sells 55 Acres to OmniSource, a Subsidiary of Steel Dynamics Inc.
DAYTON, Texas--(BUSINESS WIRE)--Gulf Inland Logistics Park, a 2,400-acre rail-served industrial park developed by Liberty Development Partners, today announced that OmniSource LLC, a wholly owned subs...
Steel Dynamics Announces Additional $1.5 Billion Share Repurchase Authorization and Fourth Quarter 2023 Cash Dividend
FORT WAYNE, Ind. , Nov. 3, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors authorized an additional share repurchase program of $1.5 b...
Steel Dynamics Reports Third Quarter 2023 Results
FORT WAYNE, Ind., Oct. 18, 2023 /PRNewswire/ -- Third Quarter 2023 Performance Highlights: Steel shipments of 3.1 million tons Net sales of $4.6 billion, operating income of $734 million, net income o...
Steel industry dented by UAW strike against Detroit's Big Three
Steel prices are suffering and demand is tumbling, worsened by the shutdown of auto plants owned by Ford, General Motors and Stellantis due to strike by the United Auto Workers union.
Steel Dynamics Announces Third Quarter 2023 Earnings Conference Call and Webcast
FORT WAYNE, Ind. , Oct. 2, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in the United States, today announced it intend...
Mercedes-Benz AG and Steel Dynamics Inc. secure sustainable steel supply deal for Tuscaloosa plant
STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz signs an agreement with Steel Dynamics, Inc. (SDI) to source more than 50,000 tonnes of CO2-reduced steel annually for its plant in Tuscaloosa, Alaba...
Steel Dynamics Provides Third Quarter 2023 Earnings Guidance
FORT WAYNE, Ind. , Sept. 18, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2023 earnings guidance in the range of $3.46 to $3.50 per diluted share.