NASDAQ$STLD
Steel Dynamics Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported record results driven by strong steel demand and metal spread expansion.
Steel Dynamics reported record second quarter 2021 financial results, including record net sales of $4.5 billion and net income of $702 million, or $3.32 per diluted share. The company's performance was driven by strong steel demand, increased shipments, and metal spread expansion across its steel platform.
- Achieved record quarterly operational and financial results, including record sales, operating income, and cash flow from operations.
- Second quarter operating income increased 61 percent sequentially to $956 million.
- Steel demand remained robust with positive momentum across the entire steel platform.
- Steel fabrication operations achieved record quarterly shipments and ended June with a record order backlog.
Headline financials
Revenue & EPS history
Steel Dynamics · Revenue · Quarterly
$4.47B
Revenue by segment
Steel Dynamics · $1.21B total across 3 segments · Q2 2023
- Steel Operations$706M-35.8%58.4%
- Steel Fabrication$462M-22.9%38.2%
- Metals Recycling$40M-31.0%3.3%
Forward guidance
Steel Dynamics anticipates strong domestic steel demand in 2021 and believes that their third quarter 2021 earnings could represent another record performance. The company is positive regarding North American steel market dynamics and expects growth from strategic initiatives.
Tailwinds
- Strong steel demand coupled with low customer steel inventories.
- Robust order entry activity across businesses.
- Positive outlook on North American steel market dynamics.
- Strategic growth initiatives driving further growth.
- Sinton Texas EAF Flat Roll Steel Mill investment representing transformational growth.
Headwinds
- Electronic chip shortage impacting the automotive sector.
- Excessive heavy rains in Texas delaying steel production at Sinton.
- Potential risks associated with domestic and global economic factors.
- Global steelmaking overcapacity and steel imports.
- Volatility in prices and availability of scrap metal.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.4%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+4.7%
Avg return
30 days after
56%
40 / 72 earnings
Positive
+16.7%
Q2 2014
Best reaction
-12.1%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -4.3% | +8.3% | +8.9% | |
| Q1 2026 | +0.2% | +2.2% | +9.0% | |
| Q3 2025 | +5.1% | +4.6% | +4.7% | |
| Q2 2025 | -0.8% | -1.6% | +2.5% | |
| Q1 2025 | +4.3% | +9.0% | +6.8% | |
| Q4 2024 | -0.4% | +3.4% | +6.4% | |
| Q3 2024 | +5.1% | +3.9% | +8.5% | |
| Q2 2024 | -2.7% | -3.7% | -12.1% | |
| Q1 2024 | -5.4% | -2.4% | -2.7% | |
| Q4 2023 | +1.0% | +0.5% | +8.1% | |
| Q3 2023 | -7.1% | -7.5% | +3.9% | |
| Q2 2023 | -6.0% | -6.2% | -3.2% | |
| Q1 2023 | +3.7% | +1.4% | -9.7% | |
| Q4 2022 | +12.4% | +10.2% | +9.7% | |
| Q3 2022 | +4.8% | +17.8% | +23.1% | |
| Q2 2022 | +6.2% | +5.1% | +22.8% | |
| Q1 2022 | +1.4% | -2.9% | -17.5% | |
| Q4 2021 | +3.2% | +4.7% | +18.5% | |
| Q3 2021 | +2.6% | +2.6% | +1.7% | |
| Q2 2021 | -1.3% | -1.3% | +15.6% | |
| Q1 2021 | -2.7% | +0.8% | +20.8% | |
| Q4 2020 | -5.4% | -11.4% | +13.3% | |
| Q3 2020 | -4.5% | -2.4% | +6.7% | |
| Q2 2020 | +0.9% | +3.8% | +12.5% | |
| Q1 2020 | -5.3% | +0.3% | +4.9% | |
| Q4 2019 | -0.9% | -4.9% | -7.0% | |
| Q3 2019 | -4.6% | -4.9% | +5.8% | |
| Q2 2019 | +2.0% | +3.6% | -11.6% | |
| Q1 2019 | -3.4% | -7.0% | -14.5% | |
| Q4 2018 | +1.5% | +3.3% | +12.5% | |
| Q3 2018 | +2.6% | +3.1% | -1.4% | |
| Q2 2018 | +4.6% | +2.2% | -3.6% | |
| Q1 2018 | +1.7% | -1.3% | +9.8% | |
| Q4 2017 | -0.1% | +2.3% | +3.7% | |
| Q3 2017 | +4.5% | +7.4% | +1.9% | |
| Q2 2017 | +3.3% | +2.8% | -6.1% | |
| Q1 2017 | +6.9% | +12.1% | +4.7% | |
| Q4 2016 | -4.6% | +2.1% | +0.1% | |
| Q3 2016 | +9.6% | +7.4% | +37.7% | |
| Q2 2016 | -3.6% | -5.3% | -8.8% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | +4.5% | — | — | |
| Q3 2015 | -5.8% | — | — | |
| Q2 2015 | +1.1% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | -4.2% | — | — | |
| Q3 2014 | +4.0% | — | — | |
| Q2 2014 | +16.7% | — | — | |
| Q1 2014 | -4.6% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | +3.9% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q3 2012 | +4.5% | — | — | |
| Q2 2012 | +0.6% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2011 | -12.1% | — | — | |
| Q1 2011 | -2.0% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q2 2010 | +2.5% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2007 | -3.8% | — | — | |
| Q4 2009 | -3.8% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q3 2008 | +1.1% | — | — | |
| Q2 2009 | -2.8% | — | — | |
| Q4 2008 | -2.8% | — | — | |
| Q2 2008 | -2.8% | — | — |
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