Earnings Alerts

Steel Dynamics (STLD) Earnings: 4Q Adjusted EBITDA Misses Estimates as Net Sales Fall Short

By January 23, 2025 No Comments
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  • Steel Dynamics‘ Q4 adjusted EBITDA was $371.6 million, falling short of the $393.7 million estimate.
  • Reported earnings per share (EPS) were $1.36.
  • Net sales amounted to $3.87 billion, just below the $3.95 billion estimate.
  • The company’s steel net sales reached $2.65 billion, slightly under the $2.68 billion forecast.
  • Steel fabrication net sales were $396.2 million, compared to the estimated $398.3 million.
  • Metals recycling net sales came in at $482.1 million, significantly below the $533.9 million estimate.
  • Ferrous shipments totaled 1.42 million tons, lower than the 1.45 million ton estimate.
  • Nonferrous shipments were 226.43 million pounds, missing the 286.74 million pound estimate.
  • Steel fabrication shipments were 145,901 tons, close to the 146,100 ton estimate.
  • Cash flow from operations was $346.9 million, well below the projected $566.7 million.
  • Mark D. Millett, Co-founder and CEO, highlighted that 2024 saw stable domestic steel demand across key sectors.
  • Annual figures for 2024 included net sales of $17.5 billion, operating income of $1.9 billion, and adjusted EBITDA of $2.5 billion.
  • Analysts’ ratings included 4 buys, 8 holds, and 2 sells for the company.

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Steel Dynamics on Smartkarma



Analysts at Baptista Research on Smartkarma have been closely covering Steel Dynamics, providing valuable insights into the company’s performance and growth prospects.

In a report titled “Steel Dynamics Inc.: Can Their Attempts Towards The Diversification Of Product Portfolio Catalyze Growth? – Major Drivers,” Steel Dynamics‘ strong financial performance during the third quarter was highlighted, with a focus on their growth strategies and current challenges. The report emphasized the company’s commitment to safety and operational excellence, showcasing significant improvements in safety metrics despite market trends affecting their results.

Another report by Baptista Research, “Steel Dynamics Inc.: A Dive Into Market Dynamics and Policy Tailwinds & Other Major Drivers,” delved into the company’s second-quarter performance in 2024. The analysis pointed out notable results but also highlighted mixed performances in different operational aspects. Despite facing challenges such as a decline in steel prices impacting revenues, Steel Dynamics maintained stable shipment volumes. The report underscored the impact of market dynamics and policy tailwinds on the company’s operating income, signaling potential implications for future growth strategies.



A look at Steel Dynamics Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Steel Dynamics, Inc., a major player in the U.S. steel industry based in Fort Wayne, IN, garners moderate to high scores across various key factors according to Smartkarma’s Smart Scores. With solid ratings in Value, Dividend, Growth, Resilience, and Momentum, the company demonstrates a balanced performance outlook. These scores indicate a steady position for Steel Dynamics in terms of its financial health and growth potential.

Operating across Steel Operations, Metals Recycling & Ferrous Resources Operations, and Steel Fabrication Operations, Steel Dynamics offers a range of products including flat rolled steel sheet, engineered bar special-bar-quality, and structural beams. With a combination of consistent performance indicators, the company appears well-positioned for long-term sustainability and growth in the competitive steel market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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