Quarterly ResultJun 18, 2026, 09:27 AM
Steel Dynamics Guides Q2 2026 EPS to $3.51-$3.55; Up from Q1
AI Summary
Steel Dynamics provided second quarter 2026 earnings guidance in the range of $3.51 to $3.55 per diluted share, a significant increase from $2.78 in Q1 2026 and $2.01 in Q2 2025. This guidance includes a $16 million reduction from asset write-downs related to relocating a planned aluminum recycled slab center. The company anticipates meaningfully higher profitability from steel operations due to strong demand and margin expansion, and significant improvement in aluminum operations with commissioning progress. Steel Dynamics also repurchased $170 million of its common stock during the quarter.
Key Highlights
- Steel Dynamics guides Q2 2026 EPS to $3.51-$3.55 per diluted share.
- Q2 2026 guidance is higher than Q1 2026 EPS of $2.78 and Q2 2025 EPS of $2.01.
- Q2 earnings reduced by $16 million due to asset write-downs for relocating an aluminum slab center.
- Steel operations profitability expected to be meaningfully higher due to strong demand and metal margin expansion.
- Steel fabrication order backlog is nearly 40% higher than a year ago, extending into 2027.
- Aluminum operations expected to improve significantly with two cold mills operational and first CASH line shipping material.
- Company repurchased $170 million of common stock in Q2 2026.
Price Impact
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