Steel Dynamics Q2 Beats on Record Shipments, Guides Strong Demand into 2027
STLD sits 91% above its 52-week low of $119.89.
Summary
Steel Dynamics delivered a strong Q2 beat with revenue of $6.09B and EPS of $3.69, both above consensus, and net income hitting $530.79M. Record steel shipments and higher prices drove a 30% sequential jump in steel operating income. The company repurchased $200M of stock during the quarter and guided for robust domestic steel and aluminum demand through 2027, with aluminum profitability expected to ramp sharply in H2 2026. The aluminum segment is still unprofitable but losses are narrowing as commissioning progresses. The stock is trading at 13x forward earnings, in line with three months ago, suggesting the beat may not be fully priced in.
At the time of this announcement, STLD was trading at $229.50 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $33.2B. 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 9 out of 10. Source: Reuters.