Quarterly ResultJul 28, 2026, 12:06 PM
Steel Dynamics Q2 Net Sales $6.09B, EPS $3.69; Net Income +78.8%
AI Summary
Steel Dynamics reported strong second-quarter 2026 results with net sales increasing 33.4% to $6.09 billion, compared to $4.57 billion in the prior year. Diluted earnings per share rose 83.6% to $3.69, and net income attributable to the company grew by 78.8% to $534.1 million. The company also increased its ownership in SDI Biocarbon Solutions, LLC to 100% during the quarter, following the acquisition of New Process Steel in December 2025.
Key Highlights
- Net sales increased 33.4% to $6.09 billion for the three-month period ended June 30, 2026.
- Diluted earnings per share rose 83.6% to $3.69 for the three-month period ended June 30, 2026.
- Net income attributable to Steel Dynamics, Inc. grew 78.8% to $534.1 million.
- Net cash provided by operating activities increased 41.9% to $427.9 million.
- Dividends declared per share increased 6% to $0.53 for the three-month period ended June 30, 2026.
- Steel Operations segment net sales were $4.14 billion for the quarter.
- Aluminum Operations segment net sales reached $518.9 million for the quarter.
- Increased ownership in SDI Biocarbon Solutions, LLC to 100% effective June 19, 2026.
Price Impact
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