#United States #Fort Wayne #Steel Dynamics #Aluminum Products #Biocarbon Material

Steel Dynamics Reports Strong Performance in 2025

Steel Dynamics, Inc., a leading player in the metals solutions industry, recently announced its financial results for the fourth quarter and the year 2025. The report highlights a series of major achievements and operational successes that signal significant growth for the company.

Annual Performance Highlights

For the year 2025, Steel Dynamics achieved remarkable milestones, including:

• - Production and qualification of high-quality flat rolled aluminum products aimed at industrial, beverage can, and automotive sectors.
• - Successful consumption of biocarbon material in production processes.
• - Record steel shipments reaching 13.7 million tons, marking a significant increase compared to previous years.
• - Net sales reported at $18.2 billion with an operating income of $1.5 billion, resulting in a net income of $1.2 billion.
• - Adjusted EBITDA stood at a robust $2.2 billion while cash flow from operations amounted to $1.4 billion.
• - Maintained liquidity exceeding $2.2 billion, demonstrating financial stability.
• - Implemented share repurchases totaling $901 million, which accounted for over four percent of its outstanding shares.

Fourth Quarter Results

In the fourth quarter of 2025, Steel Dynamics recorded net sales of $4.4 billion and net income of $266 million, equating to $1.82 per diluted share. Although this indicated a decline compared to the previous quarter, it showed an increase from $207 million, or $1.36 per diluted share, in Q4 of the prior year.

Chairman and CEO Mark D. Millett commented on the company’s operational success, stating, "The teams delivered solid operational and financial performance across our operating platforms in 2025, generating annual net sales of $18.2 billion and operating income of $1.5 billion. This performance underscores the strength and consistency of our cash generation."

Operating income from steel operations in the fourth quarter was $322 million, reflecting a decrease related to lower average selling values and seasonal demand fluctuations. On the recycling side, operating income was pegged at $19 million, with earnings impacted by lower selling values and reduced shipment volumes.

Strategic Growth Initiatives

Steel Dynamics has successfully expanded into the aluminum market, producing finished aluminum flat-rolled products while the biocarbon solutions team is refining its operations to offer a lower-carbon supply chain for steel products. These innovations illustrate Steel Dynamics’ commitment to sustainability and adaptation in a shifting market.

Millett emphasizes the continued advancement of the Columbus, Mississippi aluminum flat-rolled products mill and its satellite center in San Luis Potosi, which are expected to further support operational growth and customer service capability. By aligning product development with evolving customer needs, the company aims to secure long-term competitive advantages in both the steel and aluminum markets.

Financial Analysis and Future Outlook

Despite the challenges faced due to changes in steel pricing and market demand, Steel Dynamics remains optimistic about the future. The company anticipates an improved market environment supported by increased domestic manufacturing and onshoring efforts. Strategic investments, coupled with ongoing customer discussions regarding the importance of lower-carbon domestic products, position Steel Dynamics favorably for sustained growth.

In summary, the annual report reveals that Steel Dynamics is not only performing well financially but also innovating and adapting to changes in market demand and sustainability expectations. The combination of strong financial metrics, coupled with a strategic focus on product excellence and lower-carbon options, points towards an optimistic outlook for the future of the company.

For more detailed insights into the performance, Steel Dynamics will host a conference call to further discuss their fourth quarter and annual results on January 26, 2026, providing investors with the opportunity to engage directly with management.