Last $22.97 USD
Change Today +0.35 / 1.55%
Volume 2.8M
STLD On Other Exchanges
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

steel dynamics inc (STLD) Snapshot

Open
$23.03
Previous Close
$22.62
Day High
$23.25
Day Low
$22.80
52 Week High
09/18/14 - $25.51
52 Week Low
02/3/14 - $15.80
Market Cap
5.5B
Average Volume 10 Days
2.5M
EPS TTM
$1.19
Shares Outstanding
240.4M
EX-Date
09/26/14
P/E TM
19.3x
Dividend
$0.46
Dividend Yield
1.98%
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, 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 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.

Steel Dynamics Inc. Reports Unaudited Consolidated Operating and Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Steel Dynamics Inc. reported unaudited consolidated operating and earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted net sales of $2,339,016,000 against $1,911,738,000 a year ago. Operating income was $188,643,000 against $113,273,000 a year ago. Income before income tax was $134,667,000 against $84,155,000 a year ago. Net income was $87,657,000 against $51,090,000 a year ago. Net income attributable to company was $91,173,000 or $0.38 diluted per share against $57,486,000 or $0.25 diluted per share a year ago. Net cash provided by operating activities was $249,224,000 against $183,266,000 a year ago. Purchase of property, plant and equipment was $24,531,000 against $52,162,000 a year ago. For the nine months, the company has posted net sales of $6,238,859,000 against $5,508,774,000 a year ago. Consolidated net sales increased 13%, primarily as a result of higher average steel pricing and improved shipments across the company's operating platforms. Operating income was $401,480,000 against $278,703,000 a year ago. Income before income tax was $289,270,000 against $185,783,000 a year ago. Net income was $187,696,000 against $115,615,000 a year ago. Net income attributable to company was $202,055,000 or $0.85 diluted per share against $134,659,000 or $0.59 diluted per share a year ago. Net cash provided by operating activities was $297,991,000 against $245,691,000 a year ago. Purchase of property, plant and equipment was $146,744,000 against $82,906,000 a year ago. For the quarter, the company shipped 1,900,043 tons against 1,585,125 tons a year ago. Average external sales price per ton was $840 against $794 a year ago. For the nine months, the company shipped 5,028,541 tons against 4,577,595 tons a year ago. Average external sales price per ton was $836 against $788 a year ago.

Steel Dynamics Inc. to Report Q3, 2014 Results on Oct 20, 2014

Steel Dynamics Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 20, 2014

 

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STLD

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Valuation STLD Industry Range
Price/Earnings 21.6x
Price/Sales 0.7x
Price/Book 1.9x
Price/Cash Flow 19.4x
TEV/Sales 0.3x
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