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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Steel Dynamics (STLD) is 9/10.
Steel Dynamics delivered a strong start to 2026 with record steel shipments, revenue up 19.1% to $5.2 billion, and EPS surging 93.1% to $2.78 as higher realized pricing and record volumes converged. EBITDA reached $700 million as value-add coated lines ran at full capacity and long products and fabrication demand strengthened. An aluminum startup setback in January was resolved while certifications accelerated and the CASH coating line became operational, positioning the diversification thesis to deliver through-cycle earnings.
Scored from Steel Dynamics’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.87B | -8.5% | $1.36 | -47.9% | 11.4% | 6.1% | 5.4% | $-106M |
| FY2025 Q1 | $4.37B | -6.9% | $1.44 | -60.8% | 11.1% | 6.3% | 5.0% | $-153M |
| FY2025 Q2 | $4.57B | -1.5% | $2.00 |
On August 3, 2026, Chairman and CEO Mark D. Millett notified the Board of his intention to retire as Chief Executive Officer effective January 1, 2027, and was appointed Executive Chairman concurrently. Effective the same date, EVP and CFO Theresa E. Wagler becomes President and CEO, and EVP and Treasurer Richard A. Poinsatte becomes EVP and CFO. Wagler joined the Board immediately, expanding it from seven to eight members.
| -26.5% |
| 13.5% |
| 8.4% |
| 6.5% |
| $13M |
| FY2025 Q3 | $4.83B | +11.2% | $2.74 | +33.7% | 15.7% | 10.5% | 8.4% | $557M |
| FY2025 Q4 | $4.41B | +14.0% | $1.82 | +33.8% | 11.8% | 7.0% | 6.0% | $84M |
| FY2026 Q1 | $5.20B | +19.1% | $2.78 | +93.1% | 14.7% | 11.3% | 7.8% | $10M |
| FY2026 Q2 | $6.09B | +33.4% | $3.69 | +84.5% | 15.7% | 12.6% | 8.8% | $304M |