Steel Dynamics shares rise as fourth quarter earnings beat expectations

Investing.com -- Steel Dynamics, Inc. (NASDAQ: STLD) reported fourth-quarter earnings that exceeded analyst expectations, despite revenue falling short of estimates, sending shares up 2.6% following the announcement.

The steel producer posted fourth-quarter net income of $266 million, or $1.82 per diluted share, surpassing the analyst consensus of $1.69 per share. Revenue came in at $4.4 billion, below the $4.53 billion analysts had expected. The company’s fourth quarter revenue represented a decrease from the third quarter, when net income was $404 million, or $2.74 per diluted share.

"The teams delivered solid operational and financial performance across our operating platforms in 2025," said Mark D. Millett, Chairman and Chief Executive Officer. "This performance demonstrates the strength and consistency of our cash generation, as we generated $1.4 billion in cash flow from operations during the year."

For the full year 2025, Steel Dynamics reported net sales of $18.2 billion, a 3.6% increase compared to $17.5 billion in 2024. The company achieved record steel shipments of 13.7 million tons during the year.

Fourth quarter operating income for the company’s steel operations was $322 million, 35% lower than third quarter results due to lower average selling values and reduced volumes related to seasonal demand and planned maintenance outages at flat rolled steel mills. The average external product selling price decreased $12 sequentially to $1,107 per ton.

Looking ahead, the company expressed optimism about market conditions. "We anticipate that improving market conditions, including increased trade stability and a more favorable interest rate environment, will support solid domestic demand for steel and aluminum products," Millett added.

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