| Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first-quarter 2025 earnings guidance in the range of $1.36 to $1.40 per diluted share. Comparatively, the company’s sequential fourth quarter 2024 earnings were $1.36 per diluted share and the prior year's first quarter earnings were $3.67 per diluted share. |
| First-quarter 2025 profitability from the company’s steel operations is expected to be stronger than sequential fourth-quarter results, based on increased shipments more than offsetting some metal margin compression, as contractual steel pricing lagged recent spot price improvements, which will be realized in the coming months. The energy, non-residential construction, automotive, and industrial sectors continue to lead demand. The company’s Sinton Texas Flat Roll Division operated at production levels of over 90 per cent in the first quarter of 2025, while continuing to improve product quality and cost efficiency, continuing its clear path to profitability in the second quarter of 2025. |
| First quarter 2025 earnings from the company’s metals recycling operations are expected to be higher than sequential fourth quarter 2024 results, based on stronger realized pricing and stable volumes for ferrous and nonferrous materials. |
| First-quarter 2025 earnings from the company’s steel fabrication operations are expected to be lower than sequential fourth-quarter results, based on seasonally lower shipments and less than a five per cent decline in realized pricing. The pace of order activity increased in the first quarter, and the order backlog improved, extending well into the third quarter of 2025, with attractive related pricing levels. Improved demand was supported largely by the commercial, data centre, manufacturing, warehouse, and healthcare sectors. Further, the accelerated announcements for meaningful manufacturing domestic investment and onshoring, coupled with the U.S. infrastructure program are expected to positively impact demand for not only steel joist and deck products but also for flat rolled and long product steel. |
| The aaluminiumteam is continuing with the successful commissioning of the company’s Columbus, Mississippi aluminium flat rolled products mill, along with the San Luis Potosi satellite recycled centre. The team successfully cast its first aluminium ingot in January and has since completed the start-up of the Ingot Scalper. Construction is close to completion on the Hot Line and No. 1 Cold Rolling Mill. Finishing equipment installation for the Automotive Treatment and Coil Coating lines is also on schedule. The company continues to expect to begin shipping material min id-2025. |
| Based on continued confidence in the company’s earnings outlook and cash flow generation, in February 2025 the company’s board of directors increased the company’s first quarter 2025 cash dividend by nine per cent to $0.50 per common share and also authorized an additional $1.5 billion for share repurchases, as the previous program of $1.5 billion was exhausted. As of March 12, 2025, the company had repurchased $191 million, or one per cent, of its common stock during the first quarter. |
| The company plans to release its first quarter 2025 earnings after the markets close on Tuesday, April 22, 202 and will hold a conference call the following day at 11:00 a.m. Eastern Daylight Time to review the company’s results. |
| About Steel Dynamics, Inc. |
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Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, speciality steel sections, and steel joists and decks. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap. |
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| Steel Dynamics, Inc. |
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