Steel Dynamics reports Q3 2026 earnings with record shipments but EPS miss
Steel Dynamics Inc. posted third‑quarter 2026 net income of $756 million, or $5.26 per diluted share, and record steel shipments of 3.8 million tons. Operating income rose to about $1.0 billion, adjusted EBITDA to $1.2 billion and cash flow from operations to $846 million. The company missed its EPS guidance of $5.34‑$5.38, citing a $30 million foreign‑currency and aluminum‑hedge adjustment.
Why it matters
The EPS miss triggered a post‑hours decline of roughly 5% in the stock, erasing about $1.9 billion of market value (source 14). Investors should note the short‑term price pressure despite strong steel performance and record shipments.
Key facts
- 1Net income was $756 million, or $5.26 per diluted share prnewswire.com
- 2Record steel shipments of 3.8 million tons prnewswire.com
- 3Operating income was $1.0 billion, a 43% sequential increase prnewswire.com
- 4Adjusted EBITDA was $1.2 billion prnewswire.com
- 5Cash flow from operations was $846 million prnewswire.com
- 6Liquidity stood at $2.4 billion prnewswire.com
Summary written by AlphAI AI Desk from 20 of 23 sources. Not investment advice. Figures are as stated by the linked sources.