Quarterly ResultJul 21, 2026, 09:51 AM
Steel Dynamics Q2 Net Income $534M, EPS $3.69; Record Steel Shipments
AI Summary
Steel Dynamics Inc. reported strong second quarter 2026 financial results, with net sales of $6.1 billion and net income of $534 million, or $3.69 per diluted share. The company achieved record steel shipments of 3.7 million tons and saw a 30% sequential increase in steel operations operating income. Aluminum operations continued commissioning and increased production, with expectations for sharply increasing volumes and profitability in the second half of 2026 and full year 2027. The company also repurchased $200 million of its common stock and maintains a positive outlook for strong domestic steel and aluminum consumption.
Key Highlights
- Net sales reached $6.1 billion in Q2 2026.
- Net income was $534 million, or $3.69 per diluted share, in Q2 2026.
- Adjusted EBITDA was $921 million and cash flow from operations was $428 million.
- Record steel shipments of 3.7 million tons were achieved in Q2 2026.
- The company repurchased $200 million of its common stock.
- Steel operations operating income increased 30% sequentially to $721 million.
- Aluminum flat rolled sheet product shipments increased to 53,000 metric tons.
- Steel fabrication order backlog is nearly 45% higher than a year ago.
Price Impact
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