STLD

AI Research

Q1 guidance raised → EPS $2.73-$2.77 represents +89% vs prior year Q1

Steel Dynamics provided strong Q1 2026 EPS guidance of $2.73-$2.77, representing 89.5% increase versus $1.44 prior-year Q1 and significant sequential improvement from Q4 2025 EPS of $1.82. Profitability is expected to expand meaningfully driven by increased shipments and metal margin expansion as average realized selling values exceeded scrap raw material cost increases. The company repurchased $66M in common stock during Q1 while temporarily slowing buyback cadence due to working capital funding needs.

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