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Last $19.80 USD
Change Today -0.23 / -1.15%
Volume 42.9K
As of 9:37 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

steel dynamics inc (STLD) Snapshot

Open
$19.95
Previous Close
$20.41
Day High
$20.05
Day Low
$19.66
52 Week High
09/18/14 - $25.51
52 Week Low
01/29/15 - $16.51
Market Cap
4.8B
Average Volume 10 Days
4.3M
EPS TTM
$1.24
Shares Outstanding
241.8M
EX-Date
06/26/15
P/E TM
15.9x
Dividend
$0.55
Dividend Yield
2.52%
Current Stock Chart for STEEL DYNAMICS INC (STLD)

steel dynamics inc (STLD) Related Businessweek News

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steel dynamics inc (STLD) Details

Steel Dynamics, Inc., together with its subsidiaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; angles, plain rounds, flats, channels, and billets; and merchant beams, channels, and specialty structural steel sections. This segment offers its products for automotive, construction, commercial, transportation, agriculture, industrial machinery, pipe and tube, and energy markets. The Metals Recycling and Ferrous Resources Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also produces pig and hot briquetted iron; and iron nugget products that are used in electric arc furnace steel mills. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decking primarily for the non-residential construction industry. The company also serves steel service centers, steel fabricators, various manufacturers, cold finishers, forgers, intermediate processors, original equipment manufacturers, and distributors. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

7,600 Employees
Last Reported Date: 07/20/15
Founded in 1993

steel dynamics inc (STLD) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $948.0K
Co-Founder, Executive Vice President of Steel...
Total Annual Compensation: $622.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $495.0K
Executive Vice President of Metals Recycling,...
Total Annual Compensation: $460.0K
Vice President and President of New Millenniu...
Total Annual Compensation: $266.7K
Compensation as of Fiscal Year 2014.

steel dynamics inc (STLD) Key Developments

Steel Dynamics Inc. Declares Second Quarter 2015 Cash Dividend, Payable on or About July 10, 2015

Steel Dynamics Inc.'s board of directors has declared cash dividend for the second quarter 2015 of $0.1375 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2015, and is payable on or about July 10, 2015.

Steel Dynamics, Inc. Provides Earnings Guidance Fore the Second Quarter 2015

Steel Dynamics Inc. provided second quarter 2015 adjusted earnings guidance in the range of $0.20 to $0.24 per diluted share, excluding the following items: approximately $29 million, or $0.07 per diluted share, of expenses associated with the company's Minnesota Operations, including severance costs and non-cash inventory valuation adjustments related to idling these operations, and approximately $9 million, or $0.02 per diluted share, of reduced earnings related to a furnace maintenance outage at Iron Dynamics that generally is required once every five years. Estimated second quarter adjusted earnings are higher than sequential first quarter 2015 adjusted earnings of $0.17 per diluted share and lower than prior-year second quarter earnings of $0.31 per diluted share. Including the above items, earnings guidance for the second quarter 2015 is in the range of $0.11 to $0.15 per diluted share. Profitability from the company's steel operations for the second quarter 2015 is expected to be similar in comparison to the sequential first quarter 2015 results. Improved second quarter 2015 shipments will be offset by unexpected metal margin compression, driven by steel imports remaining much higher than originally anticipated, resulting in average quarterly steel prices decreasing more than average quarterly scrap prices. Continued demand for the company's fabricated steel joist and decking products indicates the non-residential construction market is continuing a positive trend. Second quarter 2015 profitability from the company's fabrication operations is expected to be higher than near-record sequential first quarter 2015 results.

Steel Dynamics Inc. Announces Indefinite Idle of Minnesota Operations

Steel Dynamics Inc. announced plans to idle its Minnesota ironmaking operations located in Chisholm and Hoyt Lakes, MN, effective immediately. Management and the company's board of directors have elected to idle the operations for an initial twenty-four month period given the continued significant decline in pig iron pricing, which has resulted in the cost of iron nugget production being meaningfully higher than product selling values. In total, approximately 200 positions will be reduced in Minnesota. A small group of individuals will be retained in Minnesota to maintain the site and facilities.

 

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STLD Competitors

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Company Last Change
Allegheny Technologies Inc $21.00 USD -0.32
Commercial Metals Co $15.25 USD -0.16
Reliance Steel & Aluminum Co $59.73 USD -0.87
United States Steel Corp $19.23 USD -0.2395
View Industry Companies
 

Industry Analysis

STLD

Industry Average

Valuation STLD Industry Range
Price/Earnings 44.8x
Price/Sales 0.5x
Price/Book 1.7x
Price/Cash Flow 35.9x
TEV/Sales 0.2x
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