Steel Dynamics, Inc. has provided its earnings guidance for the first quarter of 2025, expecting earnings to range between $1.36 and $1.40 per diluted share. This is in line with the company's fourth quarter 2024 earnings of $1.36 per diluted share but significantly lower than the prior year’s first-quarter earnings of $3.67 per diluted share.

The company anticipates improved profitability from its steel operations due to increased shipments, despite some margin compression. Strong demand continues in the energy, non-residential construction, automotive, and industrial sectors. The Sinton Texas Flat Roll Division operated at over 90% production levels and is on track for profitability in the second quarter.

Earnings from the metals recycling operations are expected to rise due to stronger pricing and stable material volumes. However, the steel fabrication segment is expected to see lower earnings due to seasonally reduced shipments and a slight decline in pricing. Despite this, order activity has increased, and the backlog extends into the third quarter of 2025.

Steel Dynamics is also progressing with the commissioning of its Columbus, Mississippi aluminum flat-rolled products mill, set to begin shipping mid-2025.

In February 2025, the board approved a nine percent increase in the company’s first-quarter cash dividend to $0.50 per share and authorized an additional $1.5 billion for share repurchases. As of March 12, 2025, the company repurchased $191 million of its stock.

Steel Dynamics will release its first quarter earnings on April 22, 2025, with a conference call scheduled for April 23 at 11:00 a.m. Eastern Daylight Time.

Steel Dynamics completed a $1 billion notes offering, issuing $600 million in 5.250% notes due 2035 and $400 million in 5.750% notes due 2055. Net proceeds of $972 million will be used for general corporate purposes, including debt repayment, acquisitions, and stock repurchases. The notes, issued under an existing indenture with U.S. Bank Trust Company, are senior unsecured obligations. Interest is payable semi-annually starting November 15, 2025. Redemption options include early repayment with a premium and a par call feature before maturity. The offering was underwritten by J.P. Morgan, Morgan Stanley, Goldman Sachs, and PNC Capital Markets.

Steel Dynamics, Inc. announced a 9% increase in its first-quarter 2025 cash dividend and authorized an additional $1.5 billion for share repurchases. The company stated that these actions reflect its commitment to returning capital to shareholders while maintaining a strong financial position.

source: Steel Dynamics, Inc., February 24, 2025.

Steel Dynamics Reports Fourth Quarter and Annual 2024 Results

Annual 2024 Performance Highlights:
Second highest steel shipments of 12.7 million tons
Net sales of $17.5 billion, operating income of $1.9 billion, and net income of $1.5 billion
Adjusted EBITDA of $2.5 billion and cash flow from operations of $1.8 billion
Strong liquidity of $2.2 billion as of December 31, 2024
Share repurchases of $1.2 billion of the company’s common stock, representing six percent of its outstanding shares
Strong after-tax return-on-invested-capital of 23 percent for the three-year period ended December 31, 2024

Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced fourth quarter and annual 2024 financial results. The company reported fourth quarter 2024 net sales of $3.9 billion and net income of $207 million, or $1.36 per diluted share. Comparatively, the company’s sequential third quarter 2024 net income was $318 million, or $2.05 per diluted share, and prior year fourth quarter net income was $424 million, or $2.61 per diluted share.