Steel Dynamics Guides Q2 EPS to $3.51-$3.55, Includes $16M Aluminum Site Write-Down
STLD has more than doubled off its 52-week low of $119.89.
Summary
Steel Dynamics provided Q2 2026 EPS guidance of $3.51-$3.55 per diluted share, which includes a $16 million write-down for relocating an aluminum slab center. This guidance indicates strong sequential and year-over-year earnings improvement, driven by expanding steel margins and significant progress in aluminum operations. While the EPS range was largely pre-announced in earlier news, this headline adds the specific detail of the write-down. The company's Q1 2026 EPS was $2.78, highlighting the projected growth.
At the time of this announcement, STLD was trading at $260.60 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $39B. The 52-week trading range was $119.89 to $288.74. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.