Last $23.89 USD
Change Today -0.07 / -0.29%
Volume 2.7M
STLD On Other Exchanges
Symbol
Exchange
NASDAQ GS
Mexico
Frankfurt
As of 5:20 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

steel dynamics inc (STLD) Snapshot

Open
$23.99
Previous Close
$23.96
Day High
$24.10
Day Low
$23.81
52 Week High
09/18/14 - $25.51
52 Week Low
02/3/14 - $15.80
Market Cap
5.7B
Average Volume 10 Days
3.9M
EPS TTM
$0.97
Shares Outstanding
240.0M
EX-Date
09/26/14
P/E TM
24.6x
Dividend
$0.46
Dividend Yield
1.88%
Current Stock Chart for STEEL DYNAMICS INC (STLD)

steel dynamics inc (STLD) Related Businessweek News

No Related Businessweek News Found

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 Declares Quarterly Cash Dividend, Payable on or About October 10, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Steel Dynamics Inc.'s 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 September 30, 2014, and is payable on or about October 10, 2014. The company provided third quarter 2014 earnings guidance in the range of $0.34 to $0.38 per diluted share, which includes estimated charges of $34 million (before taxes) related to the acquisition and financing of Severstal Columbus, LLC that occurred mid-September, and required post-acquisition estimated purchase accounting adjustments. Excluding these charges, the company's estimated third quarter 2014 earnings guidance would have been in the range of $0.42 to $0.46 per diluted share. Estimated third quarter earnings are higher than both the company's sequential second quarter 2014 earnings of $0.31 per diluted share and prior year third quarter earnings of $0.25 per diluted share. Profitability from the company's steel operations for the third quarter 2014 is expected to be higher in comparison to the sequential quarter margin. Both shipments and metal spreads are expected to improve across the steel operating platform, despite continued elevated import activity. Demand trends for key steel-consuming end markets is expected to remain favorable, as strength in automotive, manufacturing, energy and construction markets continue to improve. Continued increased demand for the company's structural steel and fabricated steel joist and decking products indicates the nonresidential construction market is continuing a positive trend. Third quarter 2014 profitability from the company's fabrication operations is expected to continue to increase based on both improved volume and margin. Metals recycling financial results are expected to be somewhat flat to slightly lower for the third quarter 2014 when compared to the sequential quarter, based on lower nonferrous metal spreads more than offsetting improved ferrous and nonferrous volumes.

Steel Dynamics Announces Completion of Note Offering

Steel Dynamics Inc. announced that it has consummated the sale of $700 million aggregate principal amount of its 5.125% Senior Notes due 2021 and $500 million aggregate principal amount of its 5.500% Senior Notes due 2024 in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to persons outside the United States pursuant to Regulation S. The company intends to use the proceeds of this offering along with cash on hand and credit available under its existing senior secured credit facility to finance the company's planned acquisition of Severstal Columbus, LLC, announced on July 21, 2014.

Steel Dynamics, Inc. Plans to Sell Approximately $1.0 Billion Aggregate Principal Amount of Debt Securities

Steel Dynamics Inc. announced that it plans to sell approximately $1.0 billion aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933, subject to market and other conditions. The company intends to use the proceeds of this offering along with cash on hand and credit available under its existing senior secured credit facility to finance the company's planned acquisition of Severstal Columbus, LLC, announced on July 21, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
STLD:US $23.89 USD -0.07

STLD Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Allegheny Technologies Inc $41.41 USD -0.13
Kennametal Inc $42.27 USD -0.09
Reliance Steel & Aluminum Co $71.90 USD -0.25
Sims Metal Management Ltd A$11.56 AUD +0.12
Timken Co/The $43.58 USD -0.50
View Industry Companies
 

Industry Analysis

STLD

Industry Average

Valuation STLD Industry Range
Price/Earnings 25.9x
Price/Sales 0.7x
Price/Book 2.0x
Price/Cash Flow 22.8x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact STEEL DYNAMICS INC, please visit www.steeldynamics.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.