Steel Dynamics Q4 revenue misses estimates on lower volumes, pricing

Steel Dynamics

26/01/2026 12:10

Overview

Industrial metals firm's Q4 revenue missed analyst expectations

Q4 EPS beat analyst expectations

Company repurchased $240 mln of its stock in Q4

Outlook

Steel Dynamics expects strong demand for steel and aluminum products

Company sees improved steel pricing and steady customer demand

Steel Dynamics continues commissioning aluminum operations for industrial and automotive sectors

Result Drivers

STEEL OPERATIONS - Q4 operating income declined 35% from Q3 due to lower selling prices and volumes, impacted by seasonal demand and extended maintenance outages

ALUMINUM PROGRESS - Successful production of aluminum products for industrial, beverage can, and automotive markets, with positive EBITDA achieved in December

STEEL FABRICATION - Q4 operating income decreased due to seasonal shipment declines, despite improved selling values and reduced raw material costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$4.41 bln
$4.57 bln (8 Analysts)
Q4 EPS
Beat
$1.82
$1.69 (9 Analysts)
Q4 Net Income
$264.52 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy"

Wall Street's median 12-month price target for Steel Dynamics Inc is $190.00, about 4.8% above its January 23 closing price of $181.32

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn3K3xSYa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)