Steel Dynamics Guides Q3 EPS to $5.34-$5.38, Up 45% Sequentially
STLD sits 81% above its 52-week low of $134.87.
Summary
Steel Dynamics issued Q3 2026 EPS guidance of $5.34-$5.38, a 45% jump from Q2's $3.69 and nearly double the prior-year quarter's $2.74. The company cites metal margin expansion, record steel shipments, and strong demand across non-residential construction, energy, automotive, and industrial markets. Profitability from steel operations is expected to be significantly higher than sequential Q2 results. Aluminum operations are expected to improve meaningfully as the Columbus mill ramps up, with all three cold mills operational and the first CASH line set to ship commercial material in Q4. Steel fabrication backlog is nearly 50% higher than last year, extending through Q1 2027. The company also repurchased $261 million of stock during the quarter. This guidance follows a strong Q2 beat and a leadership transition announced in August, with CEO Mark Millett retiring January 1, 2027. Q3 earnings are scheduled for October 19, 2026.
At the time of this announcement, STLD was trading at $243.57 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $35.2B. The 52-week trading range was $134.87 to $288.74. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.