- Steel Dynamics reported an adjusted EBITDA of $448.3 million, exceeding the estimate of $413.4 million.
- Earnings per share (EPS) were reported at $1.44.
- Net sales amounted to $4.37 billion, surpassing the expected $4.2 billion.
- Steel net sales reached $3.07 billion, higher than the $2.91 billion estimate.
- Steel fabrication net sales were $352.3 million, falling short of the $373.2 million estimate.
- Metals recycling net sales came in at $534.9 million, above the estimated $518.1 million.
- Other products net sales were $348.4 million, outperforming the $307.2 million estimate.
- Ferrous shipments stood at 1.45 million tons, surpassing the estimate of 1.43 million tons.
- Nonferrous shipments were 233.08 million pounds, lower than the 252.22 million pounds estimate.
- Steel fabrication shipments totaled 135,581 tons, missing the estimate of 141,228 tons.
- Cash flow from operations was $152.6 million, below the expected $256.4 million.
- Analysts’ ratings include 9 buys, 4 holds, and 1 sell.
Steel Dynamics on Smartkarma
On Smartkarma, an independent investment research network, analysts from Baptista Research have provided insightful coverage on Steel Dynamics. In their report titled “Steel Dynamics: Expanding Aluminum Operations To Act As A Formidable Player In The Aluminum Market! – Major Drivers,” the analysts highlighted the company’s success in navigating a challenging market environment in 2024. Steel Dynamics achieved solid financial results with the second-highest annual steel shipments of 12.7 million tons and strong cash flow from operations at $1.8 billion.
Additionally, in another report titled “Steel Dynamics Inc.: Can Their Attempts Towards The Diversification Of Product Portfolio Catalyze Growth? – Major Drivers,” Baptista Research discussed Steel Dynamics‘ efforts towards diversifying its product portfolio for growth. The analysts emphasized the company’s commitment to safety and operational excellence, noting significant improvements in safety metrics. Despite facing challenges influenced by steel market trends, Steel Dynamics demonstrated stability in financial performance during the third quarter, as highlighted in the report.
A look at Steel Dynamics Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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. is positioned fairly in terms of its Smart Scores, with an overall outlook that indicates a balanced performance across multiple factors. The company scores a 3 in Value, Dividend, Growth, and Resilience, suggesting a stable foundation in these areas. Additionally, Steel Dynamics shines in Momentum, with a score of 5, indicating strong positive market momentum. This favorable momentum could bode well for the company’s future performance and growth potential.
As a diversified carbon-steel producer and metals recycler based in Fort Wayne, IN, Steel Dynamics operates across multiple segments including Steel Operations, Metals Recycling & Ferrous Resources Operations, and Steel Fabrication Operations. Their product portfolio includes flat rolled steel sheet, engineered bar special-bar-quality, and structural beams. With a well-rounded Smart Scores profile, Steel Dynamics seems positioned to navigate market challenges while capitalizing on positive momentum for long-term success.
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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