Citable filing context
STLD's research view summarizes recent SEC filing context, starting with management_change from Aug 18, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 18, 2026 | management_change | Steel Dynamics granted $2,000,000 in restricted stock units to executives Barry Schneider and Christopher Graham. |
| Aug 14, 2026 | dividend_change | Steel Dynamics declared a third quarter 2026 cash dividend of $0.53 per common share. |
| Aug 4, 2026 | management_change | CEO Mark Millett will retire effective January 1, 2027, with Theresa Wagler appointed as his successor. |
| Jun 18, 2026 | Guidance: eps_diluted | 3.51 to 3.55 |
| Mar 18, 2026 | Guidance: eps | 2.73 to 2.77 |
| Sep 15, 2025 | Guidance: eps | 2.60 to 2.64 |
| Jul 28, 2026 | mda_quarterly | Steel Dynamics (STLD) reported strong second-quarter 2026 results, highlighted by record steel shipments of 3.7 million tons and an 83% increase in consolidated operating income to $700.5 million. Performance was driven by expanded metal spreads in the steel and recycling segments, as average selling prices rose faster than raw material costs. The steel operations segment benefited from robust demand in structural steel and rail, supported by domestic infrastructure funding and manufacturing reshoring. The metals recycling segment saw operating income jump 125% due to higher ferrous and nonferrous spreads, particularly in copper. Conversely, the steel fabrication segment experienced a 9% decline in operating income as rising steel input costs compressed margins, despite a 45% increase in order backlogs for commercial, data center, and manufacturing projects. The aluminum operations segment remains in the commissioning phase; while it contributed to a $16 million impairment charge, shipments grew 135% sequentially. STLD maintains a solid liquidity position of $2.0 billion, with $1.2 billion available under its revolving credit facility. The company remains committed to shareholder returns, having increased its quarterly dividend by 6% and repurchased $315.4 million in stock during the first half of 2026. Management expects continued growth as aluminum operations ramp up. |
| Apr 27, 2026 | mda_quarterly | Steel Dynamics reported a strong first quarter of 2026, with consolidated operating income rising 96% to $538.0 million and net sales increasing 19% to $5.2 billion. The steel operations segment drove this growth, achieving record shipments of 3.6 million tons and a 143% increase in operating income, fueled by a 30% expansion in metal spreads and robust demand for structural steel and railroad rail. Metals recycling operating income rose 85% to $47.5 million, significantly aided by an 81% increase in nonferrous metal spreads driven by higher copper prices. Conversely, steel fabrication operating income declined 23% to $89.5 million as raw material costs rose 10% and selling prices fell 5%, though backlogs grew 38% due to demand from data centers and healthcare sectors. The aluminum operations segment, targeting the beverage can and automotive markets, reported a $64.6 million operating loss amid the startup and commissioning of its recycled flat rolled products mill. Total liquidity stands at $2.0 billion against $4.2 billion in total debt. Interest expenses increased 174% following the issuance of senior unsecured notes in late 2025. The company increased its quarterly dividend by 6% to $0.53 per share. |
Source: SEC EDGAR filing text and events; period Aug 18, 2026; filed Aug 18, 2026.
STLD company research is available with Aerarium Pro (CAD $10/mo). The five showcase tickers (TSLA, NVDA, AAPL, AMZN, PLTR) and the macro dashboard stay free. Already a subscriber? Sign in to pick up where you left off.