Last $262.00 MXN
Change Today -21.00 / -7.42%
Volume 48.8K
STLD* On Other Exchanges
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As of 4:09 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

steel dynamics inc (STLD*) Snapshot

Open
$263.00
Previous Close
$283.00
Day High
$264.00
Day Low
$262.00
52 Week High
12/17/14 - $324.50
52 Week Low
03/27/14 - $212.00
Market Cap
63.0B
Average Volume 10 Days
4.9K
EPS TTM
--
Shares Outstanding
240.4M
EX-Date
12/29/14
P/E TM
--
Dividend
$0.46
Dividend Yield
2.38%
Current Stock Chart for STEEL DYNAMICS INC (STLD*)

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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, including hot rolled, cold rolled, and coated steel products; structural steel beams, pilings, and various rail products for the railroad industry; rounds and round-cornered squares; angles, plain rounds, flats, and channels, as well as billets; and merchant beams and specialty structural steel sections. This segment offers its products for automotive, agriculture, construction, commercial, transportation, energy, and industrial machinery 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 for use in foundry, mill refining, and smelting applications. This segment also produces liquid pig iron and hot briquetted iron; and iron nugget products. The Steel Fabrication Operations segment produces steel building components comprising trusses, girders, steel joists, and steel decking products 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, steel service centers, and distributors. The company was founded in 1993 and is headquartered in Fort Wayne, Indiana.

6,870 Employees
Last Reported Date: 03/3/14
Founded in 1993

steel dynamics inc (STLD*) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $930.0K
Co-Founder, Executive Vice President of Steel...
Total Annual Compensation: $610.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $485.0K
Executive Vice President of Metals Recycling,...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2013.

steel dynamics inc (STLD*) Key Developments

Steel Dynamics Inc. to Report Q4, 2014 Results on Jan 28, 2015

Steel Dynamics Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 28, 2015

Steel Dynamics Inc. Declares Quarterly Cash Dividend, Payable on or About January 12, 2015; Provides Earnings Guidance for the Fourth Quarter of 2014

Steel Dynamics Inc. announced that its board of directors has declared a quarterly cash dividend of $0.1150 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2014, and is payable on or about January 12, 2015. The company provided fourth quarter 2014 earnings guidance in the range of $0.33 to $0.37 per diluted share, which includes estimated charges of $12 million (before taxes) related to post-acquisition purchase accounting adjustments and $6 million (before taxes) related to estimated lower-of-cost or market adjustments caused by ferrous raw material pricing declines in the company's metals recycling and ferrous resources segment. Excluding these charges, the company's estimated fourth quarter 2014 earnings guidance would have been in the range of $0.38 to $0.42 per diluted share. Unadjusted estimated earnings are anticipated to be somewhat lower than the company's sequential third quarter 2014 results of $0.38 per diluted share and higher than prior year fourth quarter results of $0.24 per diluted share. Profitability from the company's steel operations for the fourth quarter 2014 is expected to be similar to the sequential third quarter results. Excluding the impact of the company's recently acquired Columbus flat roll steel mill (completed September 16, 2014), both metal spread and shipments are expected to contract in the fourth quarter 2014. Fourth quarter 2014 profitability from the company's fabrication operations is expected to continue to be strong based on higher product pricing, despite expected lower shipments related to typical construction-market seasonality. Based on rapidly decreasing ferrous and nonferrous metal product pricing during the quarter, the company's metals recycling operations are expected to record a minimal loss for the fourth quarter 2014, compared to operating income of $13 million in the sequential third quarter. Both shipments and ferrous metal margin are anticipated to decrease by close to 10% in comparison to the third quarter 2014 results.

Steel Dynamics Announces Renewed and Increased Revolving Credit Facility and New Term Loan Facility

Steel Dynamics Inc. announced that it has amended, restated and expanded its senior secured revolving credit facility and entered into a new term loan facility. The Company has expanded its senior secured revolving credit facility from the prior $1.1 billion level to a renewed five year $1.2 billion facility and also entered into a new five year $250.0 million term loan facility, both of which mature on November 14, 2019. Subject to certain conditions, the Company also has the ability to increase the combined facility size by a minimum of $750 million. The facilities are guaranteed by certain Steel Dynamics subsidiaries and are secured by substantially all of the Company's accounts receivable and inventories. The proceeds from the new term loan facility will be used to refinance the company's existing $226.9 million term loan facility and for general corporate purposes. Borrowings under the revolving credit facility will be used for working capital and other general corporate purposes. Quarterly principal payments under the new term loan facility are required to be made in the amount of 1.25% of the original principal amount, with the unpaid principal balance of approximately $191.0 million due on the Maturity Date.

 

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STLD*

Industry Average

Valuation STLD* Industry Range
Price/Earnings 16.6x
Price/Sales 0.5x
Price/Book 1.4x
Price/Cash Flow 14.9x
TEV/Sales 0.1x
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