Form 8-K · Current report
Steel Dynamics 8-K, filed Jul 21, 2026
- Filed
- CIK
- 0001022671
- Accession no.
- 0001104659-26-085277
Summary
Steel Dynamics reported second-quarter 2026 net sales of $6.1 billion, net income of $534 million, and record steel shipments of 3.7 million tons, with CEO Mark D. Millett citing improved steel pricing and solid demand. The company also said its aluminum flat-rolled sheet operations continued commissioning and it repurchased $200 million of common stock.
Key points
- Second quarter 2026 net sales were $6.1 billion, operating income was $700 million, net income was $534 million, or $3.69 per diluted share, adjusted EBITDA was $921 million, and cash flow from operations was $428 million.
- Steel operations generated $721 million in operating income, 30% higher sequentially, as the average external selling price rose $105 to $1,298 per ton and average ferrous scrap cost rose $16 to $412 per ton.
- Aluminum operations had $33 million in startup operating losses, a 48% sequential improvement, with flat-rolled sheet shipments of 53,000 metric tons and hot band production of 84,000 metric tons.
- Steel Dynamics repurchased $200 million of common stock in the quarter and reported $2.0 billion of liquidity as of June 30, 2026; a $16 million non-cash impairment charge was tied to relocating a planned satellite aluminum recycled slab center to Columbus, Mississippi.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition On July 20, 2026, Steel Dynamics, Inc. issued a press release titled “Steel Dynamics Reports Second Quarter 2026 Results.” A copy of that press release is attached hereto as Exhibit 99.1. The information contained in Exhibit 99.1 is furnished under this Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing thereunder or under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in any such filing. Item 9.01. Financial Statements and Exhibits (d ) Exhibits. …
An excerpt of the text as filed with the SEC, cut for length.
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