Steel Dynamics Reports Third Quarter 2026 Results
Steel Dynamics reported Q3 2026 net sales of $6.5 billion and diluted EPS of $5.26, nearly double the $2.74 posted in the prior-year quarter, with net income of $756 million and Adjusted EBITDA of $1.2 billion. Steel operations drove the quarter with record shipments of 3.8 million tons, a $102 sequential increase in average selling price to $1,400 per ton, and 43% sequential operating income growth; the fabrication backlog is 50% higher than a year ago and extends into Q2 2027. The aluminum ramp is progressing with EBITDA breakeven and shrinking operating losses ($26 million, 21% better sequentially), though yields suffered briefly from a hot strip mill coolant issue now resolved.
Key figures
- Eps
- 5.26
- Revenue
- 6509419000
- Revenue Yoy
- 35%
- Liquidity
- 2400000000
- Buyback q3
- 276000000
- Net income
- 756000000
- Ytd net sales
- 17805834000
- Ytd net income
- 1693523000
- Adjusted ebitda
- 1190320000
- Ytd revenue yoy
- 29%
- Operating income
- 1006367000
- After tax roic 3yr
- 13%
- Steel op income q3
- 1032594000
- Operating cash flow
- 846000000
- Steel shipments tons
- 3784484
- Avg scrap cost per ton
- 404
- Avg steel price per ton
- 1400
- Ytd operating income yoy
- 93%
- Steel fabrication op income q3
- 90588000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.