The call reflected a balanced outlook, with strong safety performance and strategic progress in aluminum investments countered by lower revenues and operational challenges in certain segments.

Company Guidance

During the Steel Dynamics Q3 2024 earnings call, the company provided guidance on several key metrics. The new value-added flat-rolled steel coating lines are expected to reach full earnings potential by 2025, contributing an additional 1.1 million tons of higher-margin product diversification. The Sinton mill in Texas operated at a 72% utilization rate in September, with expectations to improve to around 75% in Q4 2024. The company reported Q3 shipments of 3.2 million tons, with revenues of $4.3 billion and adjusted EBITDA of $557 million. Cash flow from operations was $760 million, and liquidity stood at $3.1 billion. Looking ahead, capital investments are projected to be $500 million to $550 million in Q4 2024 and $700 million to $800 million in 2025. The aluminum investments are anticipated to be EBITDA positive in the second half of 2025, with the rolling mill expected to operate at 75% capacity in 2026. Additionally, the company is committed to sustainability, targeting a 15% reduction in greenhouse gas intensity by 2030.

Strong Safety Performance

Achieved the lowest total recordable incident rate and lost time rates in company history, with 84% of locations reporting no recordable injuries.

Financial Performance and Cash Flow

Generated $760 million cash from operations, with a strong liquidity position of $3.1 billion including $1.9 billion in cash and short-term investments.

Successful Ramp-Up of Steel Coating Lines

New value-add flat-rolled steel coating lines ramping up successfully, expected to provide full earnings benefit in 2025, adding 1.1 million tons of capacity.

Aluminum Investment Progress

Aluminum investments are progressing well with $1.9 billion invested so far, expecting EBITDA positive results in the second half of 2025.

Strong Steel Fabrication Performance

Steel fabrication achieved strong operating income of $166 million, with a healthy order backlog extending through Q1 2025.

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Steel Dynamics (IT:1STLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IT:1STLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2018	2018 (Q2)	- / 1.49	0.615	142.86% (+0.88)	―	―
Oct 17, 2018	2018 (Q3)	- / 1.65	0.644	156.06% (+1.00)	―	―
Jan 22, 2019	2018 (Q4)	- / 1.28	0.459	178.72% (+0.82)	―	―
Apr 22, 2019	2019 (Q1)	- / 0.89	0.937	-5.21% (-0.05)	―	―
Jul 22, 2019	2019 (Q2)	- / 0.85	1.493	-43.14% (-0.64)	―	―
Oct 16, 2019	2019 (Q3)	- / 0.67	1.649	-59.17% (-0.98)	―	―
Jan 22, 2020	2019 (Q4)	- / 0.60	1.278	-52.67% (-0.67)	―	―
Apr 20, 2020	2020 (Q1)	- / 0.86	0.888	-3.30% (-0.03)	―	―
Jul 20, 2020	2020 (Q2)	- / 0.46	0.849	-45.98% (-0.39)	―	―
Oct 19, 2020	2020 (Q3)	- / 0.50	0.673	-26.09% (-0.18)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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IT:1STLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 16, 2024	€118.05	€124.70	+5.64%
Jul 17, 2024	€119.25	€120.46	+1.02%
Apr 23, 2024	€124.62	€122.15	-1.98%
Jan 23, 2024	€105.70	€106.23	+0.50%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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