Steel Dynamics Provides First Quarter 2025 Earnings Guidance

FORT WAYNE, Ind., March 17, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2025 earnings guidance in the range of $1.36 to $1.40 per diluted share. Comparatively, the company's sequential fourth quarter 2024 earnings were $1.36 per diluted share and prior year first quarter earnings were $3.67 per diluted share.

First quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential fourth quarter results, based on increased shipments more than offsetting some metal margin compression, as contractual steel pricing lagged recent spot price improvements, which will be realized in the coming months. The energy, non-residential construction, automotive, and industrial sectors continue to lead demand. The company's Sinton Texas Flat Roll Division operated at production levels in excess of 90 percent in the first quarter 2025, while continuing to improve product quality and cost efficiency, continuing its clear path to profitability in the second quarter 2025.

First quarter 2025 earnings from the company's metals recycling operations are expected to be higher than sequential fourth quarter 2024 results, based on stronger realized pricing and stable volumes for ferrous and nonferrous materials.  

First quarter 2025 earnings from the company's steel fabrication operations are expected to be lower than sequential fourth quarter results, based on seasonally lower shipments and less than a five percent decline in realized pricing. The pace of order activity increased in the first quarter, and the order backlog improved, extending well into the third quarter of 2025, with attractive related pricing levels. Improved demand was supported largely by the commercial, data center, manufacturing, warehouse, ...