Steel Dynamics Shares Fall 5.8% Premarket as Q3 Earnings Miss Estimates

Steel Dynamics' board approved a $3B share repurchase program, adding to an existing $1.5B program with $216M remaining. The company also increased its dividend. According to the company, the new authorization is effective immediately.

Steel Dynamics (STLD) authorized a $3.0 billion share repurchase program, adding to an existing $1.5 billion program with $216 million remaining. The board also declared a $0.53 quarterly dividend, payable January 8, 2027. Shares closed at $227.56 on NasdaqGS.

Steel Dynamics authorized a $3 billion share repurchase program and declared a $0.53 quarterly dividend. The steelmaker has $216 million remaining under a prior $1.5 billion program. The company will decide on timing and scale based on various factors. The dividend is payable in January 2027. Steel Dynamics reported $1.422 billion in operational cash flow for 2026.

Steel Dynamics (NASDAQ:STLD) authorized a $3.0 billion share buyback program, adding to its existing $1.5 billion program with $216 million remaining. The company has repurchased $8.2 billion of stock since 2017. The board also declared a quarterly dividend of $0.53 per share. STLD operates in steel and metal products, with recent aluminum operations added.

Steel Dynamics (STLD) announced a $3.0 billion share repurchase authorization, adding to a previous $1.5 billion program. The company has repurchased $8.2 billion of stock since 2017. The board also declared a $0.53 quarterly dividend per share. Management expressed confidence in the company's growth strategy and shareholder returns.

Steel Dynamics reported 3Q 2026 revenue of $6.51B, up 34.8% YoY, and net income of $756M, up 87.3% YoY. Diluted EPS was $5.26, up 92% YoY. Record steel shipments and higher pricing boosted sales, while fabrication backlog grew 50% YoY. Ferrous shipments and recycling income also increased.