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Mar 31, 2025
Steel Dynamics Q1 2025 Earnings Report
Steel Dynamics reported solid performance in Q1 2025 with record steel shipments and sequential improvements in operating income and EBITDA.
Key Takeaways
Steel Dynamics achieved strong first-quarter results, driven by record steel shipments and solid contributions from its metals recycling and steel fabrication businesses. While average selling prices dipped slightly, the company benefited from improving market demand and effective cost management.
Revenue by Segment
Forward Guidance
Steel Dynamics expects firm steel pricing and improved demand to support its growth trajectory, with additional gains anticipated from value-added investments and reduced import pressure.
Positive Outlook
- Improved order backlogs into Q4 2025
- Higher utilization of flat rolled steel coating lines expected
- Commercial aluminum shipments to begin mid-2025
- Strong domestic steel demand from infrastructure and onshoring
- Ongoing value-added product initiatives driving higher margins
Challenges Ahead
- Seasonally lower steel fabrication shipments impacted Q1
- Lag in flat rolled steel contract pricing realization
- Uncertainty from customers due to trade actions
- Metal spread compression affected steel fabrication margins
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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