STLD Earnings Prediction
The chart below shows how STLD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STLD sees a -0.20% change in stock price 10 days leading up to the earnings, and a +4.08% change 10 days following the report. On the earnings day itself, the stock moves by -1.06%. This data can give you a slight idea of what to expect for the next quarter's release.
STLD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.34B
-5.35%
-6.28%
Gross Margin
13.76%
-33.14%
-16.91%
Operating Margin
9.11%
-43.03%
-24.52%
Net Margin
7.39%
-41.53%
-20.71%
EPS
2.05
-40.92%
-24.63%
No Data Available
STLD Earnings Analysis
Steel Dynamics Inc Corporation (STLD.O) Earnings Conference Call
Positive
Strong Profitability in Q3: Steel Dynamics achieved a net income of $318 million or $2.05 per diluted share in Q3 2024, demonstrating strong profitability despite market challenges.
Strong Cash Flow Generation: The company generated cash flow from operations of $760 million in Q3 2024, reflecting robust cash generation capabilities.
Shareholder Value Enhancement: Steel Dynamics repurchased $970 million of its common stock year-to-date 2024, representing 4.5% of outstanding shares, showcasing a commitment to returning value to shareholders.
New Coating Lines Impact: The ramp-up of four new value-added flat roll steel coating lines is expected to contribute an additional 1,100,000 tons of higher-margin product diversification, enhancing future earnings potential.
Strong Liquidity Position: The company ended Q3 2024 with strong liquidity of $3.1 billion, comprised of $1.9 billion in cash and short-term investments, indicating a solid financial position for future investments.
Negative
Q3 Revenue Decline: 3rd quarter revenue of $4,300,000,000 was below sequential second quarter results due to lower realized flat rolled steel pricing tied to lagging contractual volume.
Operating Income Decline: 3rd quarter operating income of $395,000,000 was 29% lower than sequential second quarter results driven by steel metal spread contraction as average realized pricing declined more than scrap raw material costs in the quarter.
Steel Operations Income Decline: Operating income for steel operations was $305,000,000 in the 3rd quarter, lower than sequential results due to average realized pricing declining $79 to $10.59 per tonne.
Metals Recycling Income Decline: Metals Recycling operating income was $12,000,000 lower than sequential second quarter results due to lower realized pricing and volume, along with an unrealized non-cash copper hedging loss of $10,000,000 in September.
EBITDA Outlook for Q4: Sinton was not EBITDA positive in the Q3 due to additional outage time and maintenance costs, but expectations are for it to be EBITDA positive in Q4.
STLD FAQs
How does STLD typically perform around its earnings report dates?
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STLD Earning Call Sentiment
Earnings call transcript: Steel Dynamics Q3 2024 earnings miss expectations
STLD.O
-3.23%Positive
The earnings call revealed mixed results. While there are positive elements such as a strong cash flow, share repurchases, and strategic growth plans, the financial performance showed declines in revenue, net income, and operating income. The Q&A section highlighted uncertainties in pricing and profitability due to external factors like anti-dumping investigations. These mixed signals, along with a lack of clear guidance on some issues, suggest a neutral sentiment, with no strong catalysts for a significant stock price movement in the short term.
