$STLD · STEEL DYNAMICS INC
Steel Dynamics filed its Q3 FY2026 10-Q, reporting total net sales of $6.509B, up 34.8% year over year. Net income attributable to Steel Dynamics was $756M versus $403.7M, with diluted EPS of $5.26 versus $2.74. Gross margin was 19.7% and operating margin 15.5%.
- Q3 net sales reached $6.509B, up 34.8% year over year.
- Net income attributable to Steel Dynamics rose to $756M from $403.7M.
- Diluted EPS increased to $5.26 from $2.74.
- Q3 operating cash flow was $845.8M, up from $722.6M.
- Q3 treasury stock repurchases totaled $275.6M.
Extended-hours last trade was $241.53, +0.00% versus the regular close; the regular session gained 0.68% ($1.63). That print shows no fresh after-hours reaction to sharply higher Q3 earnings.
Steel Dynamics nearly doubled EPS and grew revenue 34.8%, signaling a sharp steel-market recovery.
The +34.8% revenue jump and 15.5% operating margin reflect stronger steel demand plus early contribution from the aluminum segment. That diversification differentiates STLD from pure-play domestic steel mills.
Interest expense jumped to $39.3M from $13.6M a year earlier, with long-term debt at $4.18B. Accounts receivable rose to $2.44B from $1.68B at year-end 2025, increasing working-capital risk.
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