SDI reports increases in income and shipments.
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SDI reports increases in income and shipments. The metals producer and recycler has reported net income of more than $400 million for the first quarter of this year. Published April 22, 2026 Fort Wayne, Indiana-based Steel Dynamics Inc. (SDI) says it recorded net income of $403 million thanks in part to what it calls record steel shipments of 3.6 million tons in the first quarter of this year. SDI's $403 million net income in early 2026 represented a 46 percent increase compared with one year earlier and a boost of 34 percent compared with the previous three months. "The teams executed well, delivering a strong first quarter 2026 performance across all of our platforms, with operating income increasing $228 million, or 73 percent," says Mark D. Millett, board chair and CEO of SDI. "The improvement in earnings was driven by record steel shipments combined with higher steel prices," he continues. "Our three-year after-tax return-on-invested capital of 13 percent is a testament to our ongoing high-return capital allocation execution. We are growing, returning capital to shareholders and maintaining strong returns with best-in-class performance compared to domestic manufacturers." Regarding the company's Omni network of metals recycling facilities, SDI says its first quarter 2026 operating income of $47 million represented a 155 percent increase compared with the last...
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