Steel Dynamics (STLD)

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, 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, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

Company profile

Ticker

STLD

Exchange

NASDAQ

Website

www.steeldynamics.com

CEO

Mark Millett

Incorporated

Indiana

Location

Indiana

Fiscal year end

Dec 31

Sector

Manufacturing > Iron and Steel Mills and Ferroalloy Manufacturing

Industry (SIC)

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Mechel PJSC • United States Steel • Nucor • Ak Steel Holding • Commercial Metals • SunCoke Energy • Carpenter Technology • Titan International • TimkenSteel • SunCoke Energy Partners ...

SEC CIK

0001022671

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Mesabi Nugget Delaware, LLC • New Millennium Building Systems, LLC • OmniSource, LLC • Roanoke Electric Steel Corporation • Steel Dynamics Columbus, LLC • Steel Dynamics Enterprises, Inc. • Steel Dynamics Heartland, LLC • Steel Dynamics Sales North America, Inc. • Steel of West Virginia, Inc. • STLD Holdings, Inc. ...

IRS number

351929476

STLD stock data

1M 1Y 5Y

News

From Benzinga Pro

Steel Dynamics Q2 EPS $6.44 Beats $6.34 Estimate, Sales $6.21B Beat $6.07B Estimate

20 Jul 22

Steel Dynamics (NASDAQ:STLD) reported quarterly earnings of $6.44 per share which beat the analyst consensus estimate of $6.34 by 1.58 percent. This is a 89.41 percent increase over earnings of $3.40 per share from the

Earnings Scheduled For July 20, 2022

20 Jul 22

Companies Reporting Before The Bell • Wipro (NYSE:WIT) is projected to report quarterly earnings at $0.08 per share on revenue of $2.80 billion.

A Preview Of Steel Dynamics's Earnings

19 Jul 22

Steel Dynamics (NASDAQ:STLD) is set to give its latest quarterly earnings report on Wednesday, 2022-07-20. Here's what investors need to know before the announcement. Analysts estimate that Steel Dynamics will report an earnings per share (EPS) of $6.34.

Will Strong Demand Drive Steel Dynamics' (STLD) Q2 Earnings?

15 Jul 22

Analyst Ratings for Steel Dynamics

6 Jul 22

Press releases

From Benzinga Pro

Steel Dynamics Reports Record Second Quarter 2022 Results

20 Jul 22

FORT WAYNE, Ind., July 20, 2022 /PRNewswire/ -- Second Quarter 2022 Performance Highlights: Record steel shipments of 3.1 million tonsRecord net sales of $6.2 billionRecord operating income of $1.6 billion and net income

Steel Dynamics Announces Investment in New State-of-the-Art Low-Carbon Aluminum Flat Rolled Mill, Aligned with Its Core Steelmaking and Recycling Platforms

19 Jul 22

FORT WAYNE, Ind., July 19, 2022 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ:STLD) today announced that its Board of Directors has authorized the company to construct and operate a 650,000-tonne low-carbon, recycled

Steel Dynamics Announces Second Quarter 2022 Earnings Conference Call and Webcast

11 Jul 22

FORT WAYNE, Ind., July 11, 2022 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ:STLD), one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release Second

Steel Dynamics Announces Strategic Partnership To Reduce Greenhouse Gas Emissions

28 Jun 22

Steel Dynamics Provides Second Quarter 2022 Record Earnings Guidance

16 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$93.33

Low target

$78.00

High target

$110.00

Calendar

2 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart STLD financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.01B	1.01B	1.01B	1.01B	1.01B	1.01B
Cash burn (monthly)	60.81M	8.89M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	100.24M	14.65M	n/a	n/a	n/a	n/a
Cash remaining	912.34M	997.93M	n/a	n/a	n/a	n/a
Runway (months of cash)	15.0	112.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

STLD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
15 Jul 22	Busse Keith E	Common Stock	Grant	Acquire A	No	No	9	724,043
15 Jul 22	Bargabos Sheree L	Common Stock	Grant	Acquire A	No	No	94	19,905
15 Jul 22	Gabriel Shaheen	Common Stock	Grant	Acquire A	No	No	271	82,180
15 Jul 22	Seaman Bradley S	Common Stock	Grant	Acquire A	No	No	223	48,535
15 Jul 22	Marcuccilli James C	Common Stock	Grant	Acquire A	No	No	225	85,530

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

STLD institutional ownership history Ownership history

78.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	577	596	-3.2%
Opened positions	67	98	-31.6%
Closed positions	86	67	+28.4%
Increased positions	192	184	+4.3%
Reduced positions	241	223	+8.1%

13F shares	Current	Prev Q	Change
Total value	15.98B	12.66B	+26.2%
Total shares	142.62M	151.8M	-6.0%
Total puts	1.55M	2M	-22.4%
Total calls	2.07M	3.48M	-40.6%
Total put/call ratio	0.8	0.6	+30.6%

Largest owners	Shares	Value	Change
BLK Blackrock	24.13M	$1.6B	-6.5%
Vanguard	19.99M	$1.32B	-4.2%
STT State Street	8.51M	$565.97M	-7.5%
FMR	8.19M	$541.49M	+0.1%
Dimensional Fund Advisors	6.6M	$436.86M	+0.4%
Victory Capital Management	3.77M	$249.13M	-20.2%
Geode Capital Management	3.15M	$208.11M	+11.4%
Wellington Management	2.59M	$171.27M	-31.2%
MS Morgan Stanley	2.58M	$170.52M	+97.3%
Royal London Asset Management	2.53M	$167.43M	+0.6%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	24.13M	-1.69M	-6.5%
LGEN Legal & General	0	-1.67M	EXIT
MS Morgan Stanley	2.58M	+1.27M	+97.3%
Parametric Portfolio Associates	0	-1.2M	EXIT
Wellington Management	2.59M	-1.17M	-31.2%
Hamlin Capital Management	0	-1.04M	EXIT
Victory Capital Management	3.77M	-953.9K	-20.2%
Capital Research Global Investors	942.55K	+942.55K	NEW
Vanguard	19.99M	-870.38K	-4.2%
STT State Street	8.51M	-694.78K	-7.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Gerdau • TimkenSteel

Management Discussion

During the second quarter of 2022, steel demand dynamics remained strong, with the automotive, construction, and industrial sectors continuing to lead steel demand, with energy continuing to improve. This continued strong demand resulted in record quarterly shipments of 3.1 million tons, including 171,000 tons from Sinton. Sheet steel pricing continued to trend downward, as it had in the first quarter, resulting in lower realized selling values than in the first quarter of 2022. Second quarter 2022 total steel segment average selling prices however increased 19%, or $247 per ton, compared to second quarter of 2021. Steel operations segment shipments increased 5% in the second quarter 2022, as compared to the same period in 2021. Net sales for the steel operations were 25% higher in the second quarter 2022 when compared to the same period in 2021, due to the increased shipments and average steel selling prices. Net sales for the steel operations increased 35% in the first half of 2022 when compared to the same period in 2021, due to the 2% increase in steel shipments and 33% increase in average selling prices, to $1,552 per ton.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: American, combined, compensation, deficit, development, integrating, North, prior, quadruple, quadrupled, satellite, slab, trend, unanticipated

Removed: comparable, regulation, sequential

From filing 10-Q 2022 Q2

Financial reports

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