Steel Dynamics Q3 Profit Rises but EPS Misses Guidance; Shares Drop 6.5%
STLD sits 62% above its 52-week low of $141.45.
Summary
Steel Dynamics posted Q3 net income of $756 million, or $5.26 a share, up from $403.7 million, or $2.74, a year earlier, but below the $5.34-$5.38 guidance it issued September 17 and the $5.48 FactSet consensus. Revenue rose to $6.51 billion from $4.83 billion and topped the $6.43 billion estimate, helped by higher steel prices and historically low import levels. Average external steel selling price climbed to $1,400 a ton, up $102 from Q2, on shipments of 3.8 million tons. Shares fell 6.5% to $229.25 after hours, reflecting the earnings shortfall against the company's own guidance rather than the top line. CEO Mark Millett pointed to infrastructure, manufacturing, energy and AI data-center investment as demand drivers into 2027, while flagging potential new domestic steel and aluminum capacity as a longer-term consideration.
At the time of this announcement, STLD was trading at $229.00 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 negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.