STEEL DYNAMICS INC (STLD) Form 8-K — Oct 20, 2026
Steel Dynamics reported record Q3 2026 results with net sales of $6.5 billion, net income of $756 million, and diluted EPS of $5.26 — up from $404 million and $2.74 in the prior-year quarter. Steel operations drove the quarter with record shipments of 3.8 million tons, a $1,400 per ton average selling price, and $1.0 billion of operating income, up 43% sequentially, while steel fabrication backlog stands 50% higher than a year ago. The company returned $352 million to shareholders in the quarter via $276 million of buybacks and $76 million of dividends, while maintaining $2.4 billion of liquidity.
Key figures
- Eps
- 5.26
- Revenue
- 6509419000
- Guidance
- Company expects aluminum volumes and profitability to improve in Q4 2026 and throughout 2027; optimistic on 2027+ steel and aluminum demand from infrastructure, manufacturing, energy, and data centers.
- Net Income
- 756000000
- Revenue Yoy
- 35% (Q3 net sales $6.51B vs $4.83B prior-year Q3)
- Total Assets
- 17835844000
- Cash Position
- 928558000
- Liquidity
- $2.4 billion
- Ytd net sales
- $17.8 billion (up 29% YoY)
- Ytd net income
- $1.7 billion ($11.72 diluted EPS)
- Adjusted ebitda
- $1.19 billion (Q3 2026)
- Operating income
- $1.006 billion (Q3 2026)
- After tax roic 3yr
- 13%
- Aluminum shipments
- 55,000 metric tons
- Fabrication backlog
- 50% higher than a year ago, extending into Q2 2027
- Share repurchases q3
- $276 million (1% of common stock)
- Aluminum startup loss
- $26 million (21% sequential improvement)
- Ytd share repurchases
- $591 million
- Avg scrap cost per ton
- $404
- Record steel shipments
- 3.8 million tons
- Avg steel price per ton
- $1,400 (up $102 sequentially)
- Cash flow from operations
- $846 million (Q3 2026)
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.