STEEL DYNAMICS INC (STLD) Form 10-Q — Oct 23, 2026
Steel Dynamics reported record Q3 2026 results: net income rose 87% year-over-year to $756.0 million, with diluted EPS of $5.26 versus $2.74 a year ago, and net sales up 35% to $6.5 billion. The driver was a 35% expansion in steel metal spread as average selling prices rose $282/ton while scrap costs rose only modestly, plus record quarterly steel shipments of 3.8 million tons. Aluminum operations cut operating losses 54% as the new recycled aluminum flat rolled mill ramps, while steel fabrication metal spreads compressed 18% on higher steel input costs.
Key figures
- Eps
- 5.29
- Revenue
- 6509419000
- Net Income
- 756000000
- Total Debt
- 4183039000
- Revenue Yoy
- 35% (Q3 2026 vs Q3 2025)
- Total Assets
- 17835844000
- Cash Position
- 928558000
- Shares Outstanding
- 142217487
- Q3 Buybacks
- 1,146,353 shares for ~$272.6 million average ~$237/share
- Diluted EPS q3
- 5.26
- Total Liquidity
- $2.4 billion
- Nine Month Net Income
- $1.69 billion, up 84%
- Operating Income q3
- $1.0 billion, up 98%
- Q3 Dividend Per Share
- 0.53
- Record Steel Shipments
- 3.8 million tons
- Diluted EPS prior year q3
- 2.74
- Remaining Buyback Capacity
- $215.9 million
AI analysis
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