Jan. 26 at 2:05 PM
$STLD Q4 was a beat… with a but 🥴
Steel Dynamics printed EPS
$1.83 vs
$1.70 est ✅ but revenue came in light (
$4.41B vs
$4.59B) ❌
The drag: lower realized pricing + softer seasonal volumes, and longer-than-expected maintenance downtime (about 140k–150k tons of lost output).
Mgmt still expects conditions to improve into 2026 (trade stability + demand across energy, construction, auto), but the tape’s basically saying: “cool story… show me the sales.”
Also worth noting:
$STLD is still pushing its aluminum expansion (Columbus, MS + Mexico slab center), trying to build the next growth lane.
Not a disaster… just not a clean win either.