Steel Dynamics Q3 EPS of $5.26 Misses Its Own $5.34-$5.38 Guidance
STLD sits 73% above its 52-week low of $141.45.
Summary
Steel Dynamics reported third-quarter EPS of $5.26, short of the $5.34-$5.38 range it guided to on September 17. That guidance had been framed as a 45% jump from Q2's $3.69, so the miss lands on a high bar the company itself set a month ago. The shortfall is modest in absolute terms but matters because it breaks a run of beats — Q2 came in well above guidance with an 84% year-over-year EPS increase. The stock at $245 already prices in a strong upcycle, so any crack in the guidance track record gets attention. The quarter brought net income of $756M on sales of $6.5B, with record steel shipments of 3.8M tons and liquidity of $2.4B. Prices continued to improve and teams executed well, driving a sequential quarterly increase in consolidated operating income of $306M, or 44%. The domestic steel market remained strong on steady demand, low customer inventories and historically low import levels, while long-product steel demand remains extremely strong, particularly for structural steel and railroad rail.
At the time of this announcement, STLD was trading at $245.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $35.1B. The 52-week trading range was $141.45 to $288.74. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.