Steel Dynamics stock reports higher Q3 EPS guidance
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Steel Dynamics (ISIN US8581191009) was last at USD 233.66 on Nasdaq on September 25, 2026 at 4:00 p.m. ET, down 0.65 percent from the prior close of USD 235.20. The company then guided for third-quarter 2026 diluted earnings per share of USD 5.34 to USD 5.38, according to Steel Dynamics on September 17, 2026. The guidance midpoint of USD 5.36 is 45.26 percent above second-quarter diluted EPS of USD 3.69 and 95.62 percent above the year-ago third-quarter figure of USD 2.74. Steel Dynamics attributed the outlook to wider steel metal margins, record shipments, higher realized selling values and lower scrap costs. The company also expects weaker third-quarter earnings from metals recycling because of lower metal spreads and modestly lower shipments, creating a clear counterweight to the steel operations outlook. Steel fabrication backlog was nearly 50 percent higher than in the prior-year third quarter and extended through the first quarter of 2027, according to Steel Dynamics on September 17, 2026. For the second quarter of 2026, Steel Dynamics reported USD 6.09 billion in revenue and diluted EPS of USD 3.69, versus consensus EPS of USD 3.63. Revenue increased 33.40 percent year over year, according to MarketBeat on September 18, 2026. Analyst expectations remain above the recent market price, but the range of views matters. JPMorgan cut its target from USD 273.00 to USD 272.00...
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