Last $23.24 USD
Change Today +0.10 / 0.43%
Volume 2.6M
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As of 5:20 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

steel dynamics inc (STLD) Snapshot

Open
$23.27
Previous Close
$23.14
Day High
$23.30
Day Low
$23.02
52 Week High
08/26/14 - $23.71
52 Week Low
09/3/13 - $15.05
Market Cap
5.6B
Average Volume 10 Days
3.2M
EPS TTM
$0.98
Shares Outstanding
240.0M
EX-Date
06/26/14
P/E TM
23.8x
Dividend
$0.46
Dividend Yield
1.94%
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 To Reportedly Acquire Gallatin Steel

Steel Dynamics Inc. (NasdaqGS:STLD) is mulling an acquisition of Gallatin Steel Company, American Metal Market reported citing market sources.

Steel Dynamics Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Steel Dynamics Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $2,069,761,000 compared to $1,801,340,000 for the same period a year ago. Operating income was $131,905,000 compared to $69,198,000 for the same period a year ago. Income before income taxes was $103,609,000 compared to $38,979,000 for the same period a year ago. Net income was $66,341,000 compared to $23,273,000 for the same period a year ago. Net income attributable to the company was $72,303,000 compared to $28,958,000 for the same period a year ago. Diluted earning per share attributable to company stockholders, including the effect of assumed conversions when dilutive was $0.31 compared to $0.13 for the same period a year ago. Net cash provided by operating activities was $76,014,000 compared to $32,715,000 for the same period a year ago. Purchase of property, plant and equipment were $33,534,000 compared to $49,236,000 for the same period a year ago. For the six months, the company reported net income was $111 million, or $0.48 per diluted share, on net sales of $3.9 billion, as compared to net income of $77 million, or $0.34 per diluted share, on net sales of $3.6 billion for the six months ended June 30, 2013. Year-to-date 2014 consolidated net sales increased 8%, primarily as a result of higher average steel pricing and shipments. Year-to-date 2014 consolidated operating income increased $47 million, or 29%, primarily as a result of improved steel metal spread. The average selling price for the company's total steel operations increased $49 per ton. The average ferrous scrap cost per ton melted increased $18 per ton. Income before income taxes was $154,603,000 compared to $101,628,000 for the same period a year ago. Operating income was $212,837,000 compared to $165,430,000 for the same period a year ago. Net cash provided by operating activities was $48,767,000 compared to $62,425,000 for the same period a year ago. Purchase of property, plant and equipment were $58,375,000 compared to $94,582,000 for the same period a year ago. For the quarter, the company reported steel operations production was 1,708,252 tons compared to 1,500,224 tons for the same period a year ago. Ferrous metals shipments were 1,422,697 gross tons compared to 1,334,390 gross tons for the same period a year ago. Nonferrous metals shipments were 288,233,000 pounds compared to 254,495,000 pounds for the same period a year ago. Mesabi Nugget intra-company shipments were 32,542 metric tons compared to 44,454 metric tons for the same period a year ago. Intra-company Iron Dynamics were 64,756 metric tons compared to 66,285 metric tons for the same period a year ago. For the six months, the company reported steel operations production was 3,227,818 tons compared to 3,065,291 tons for the same period a year ago. Ferrous metals shipments were 2,787,230 gross tons compared to 2,677,319 gross tons for the same period a year ago. Nonferrous metals shipments were 559,211,000 pounds compared to 534,151,000 pounds for the same period a year ago. Mesabi Nugget intra-company shipments were 70,030 metric tons compared to 104,139 metric tons for the same period a year ago. Intra-company Iron Dynamics were 121,878 metric tons compared to 130,970 metric tons for the same period a year ago.

Steel Dynamics Inc. - M&A Call

To discuss the Severstal Columbus, LLC transaction

 

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STLD

Industry Average

Valuation STLD Industry Range
Price/Earnings 25.0x
Price/Sales 0.7x
Price/Book 1.9x
Price/Cash Flow 22.0x
TEV/Sales 0.4x
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