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Steel Dynamics, Inc. announces its First Quarter 2024 Earnings Conference Call and Webcast. The call will feature financial results release, with key executives hosting the event. Participants can join via phone or webcast, with replay options available on the company's website.
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Steel Dynamics, Inc. (STLD) reported strong first quarter 2024 results with steel shipments of 3.3 million tons, net sales of $4.7 billion, operating income of $751 million, and net income of $584 million. The company's liquidity stands at $3.1 billion with a cash flow from operations of $355 million. Despite some challenges in steel order volatility, the company's performance was solid, driven by strong demand in automotive, non-residential construction, energy, and industrial sectors.
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Steel Dynamics, Inc. (STLD) plans to release its First Quarter 2024 financial results, with a teleconference scheduled for April 24, 2024. The call will be hosted by top executives and can be accessed via phone or webcast.
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Steel Dynamics, Inc. (STLD) announces leadership appointments for James Anderson and Chad Bickford. Anderson to lead Long Products Steel Group, Bickford to head Steel Fabrication Group. Anderson brings operational expertise, overseeing four EAF long product steel mills. Bickford to manage New Millennium Building Systems. Both leaders to report to Barry Schneider, President and COO.
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Steel Dynamics, Inc. (STLD) expects strong first quarter 2024 earnings, with guidance ranging from $3.51 to $3.55 per diluted share. The company anticipates improved profitability in steel operations driven by increased shipments and earnings, particularly in flat rolled steel operations. Metals recycling operations are also expected to show higher earnings due to better pricing and increased volume. However, steel fabrication operations may see lower earnings compared to the previous quarter due to seasonally lower shipments and increased steel input costs. The company remains confident in its earnings outlook, repurchasing $279 million of its common stock and increasing the cash dividend by eight percent.
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Steel Dynamics, Inc. (STLD) declares a first quarter cash dividend of $0.46 per common share, marking an 8% increase from the previous year. Shareholders of record on March 31, 2024, will receive the dividend.
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Steel Dynamics, Inc. (STLD) plans to release its Fourth Quarter and Full Year 2023 financial results on January 23, 2024, followed by a teleconference the next day. The teleconference will feature Chairman and CEO Mark D. Millett, Executive VP and CFO Theresa E. Wagler, and President and COO Barry Schneider. Participants can join the teleconference via phone or webcast and access an audio replay afterward.
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Steel Dynamics, Inc. (STLD) reported record steel shipments of 12.8 million tons and net sales of $18.8 billion in 2023. The company's annual operating income was $3.2 billion, with adjusted EBITDA of $3.7 billion and strong cash flow from operations of $3.5 billion. Despite a challenging pricing environment, the company maintained strong liquidity and achieved a strong after-tax return-on-invested-capital of 32 percent. However, the company's net income for the fourth quarter of 2023 saw a decline compared to prior periods. The annual 2023 net sales decreased by 16 percent, and operating income declined by 38 percent compared to 2022. The company also invested $1.7 billion in capital investments, paid cash dividends of $271 million, and repurchased $1.5 billion of its outstanding common stock. The outlook for 2024 is positive, with steady demand and new expansion initiatives in place.
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Steel Dynamics, Inc. (STLD) to Release Fourth Quarter and Full Year 2023 Financial Results
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Steel Dynamics, Inc. (STLD) provided fourth quarter 2023 earnings guidance in the range of $2.60 to $2.64 per diluted share. The company expects lower profitability from steel operations due to lower realized flat rolled steel pricing and metal spread contraction. However, steel order activity remains solid, and the company's metals recycling operations are expected to be comparable to sequential third quarter results. Steel fabrication operations are anticipated to be lower compared to sequential third results. The company has repurchased $1.4 billion of its common stock and paid cash dividends of $271 million during the year.
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4.52%
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Steel Dynamics Inc
Nasdaq:STLD
STLD Rankings
STLD Stock Data
20.96B
147.42M
6.66%
86.86%
2.88%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
United States of America
FORT WAYNE
About STLD
steel dynamics, inc. is unique among american steel companies. founded in 1993, sdi began production at its butler, in, flat roll mill in 1996. this state-of-the-art mill remains a world leader in its productivity and production of flat roll steel. finishing facilities at the butler mill and in jeffersonville, in, produce pickled, cold roll, galvanized, and painted flat roll steel. new millennium building systems, a steel fabrication business producing joists, girders, and decking for nonresidential construction projects, began operations in 2000, and today consists of 6 manufacturing facilities in the u.s. and mexico. sdi entered the steel long-products business in 2002, with the production of wide-flange beams at the company’s minimill in columbia city, in. in 2010, it was expanded to include production of standard rail, and in 2013 the capability for manufacturing premium rail was added. also in 2002, sdi acquired a steel mill near indianapolis to produce engineered bar steel and