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Sep 30, 2021
Steel Dynamics Q3 2021 Earnings Report
Reported record sales, operating income, cash flow from operations and adjusted EBITDA.
Key Takeaways
Steel Dynamics reported record third quarter 2021 financial results, with net sales of $5.1 billion and net income of $991 million, or $4.85 per diluted share. Operating income increased 38 percent sequentially to $1.3 billion, while adjusted EBITDA increased 36 percent to $1.4 billion.
Achieved record quarterly financial results, including record sales, operating income, cash flow from operations, and adjusted EBITDA.
Third quarter 2021 operating income increased 38 percent sequentially to $1.3 billion.
Generated record quarterly cash flow from operations of $631 million.
Steel fabrication operations achieved record operating income and record quarterly shipments.
Revenue by Segment
Forward Guidance
Current market conditions are in place to support solid domestic steel demand for the fourth quarter and into 2022. Fourth quarter consolidated earnings could represent another record performance.
Positive Outlook
- Strong domestic steel demand for the fourth quarter and into 2022.
- Order entry activity continues to be robust across our businesses.
- Strong steel demand coupled with moderating, but still historically low customer inventories throughout the supply chain.
- These dynamics support continued elevated steel selling values.
- Domestic steel demand remains solid in our automotive, construction, and industrial end markets.
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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