Oct 20, 9:30 AM ET
Steel Dynamics reported third quarter 2026 net sales of $6.5 billion and net income of $756 million, or $5.26 per diluted share, up from $404 million, or $2.74 per share, a year earlier and $534 million, or $3.69 per share, in the second quarter. Management attributed the gains mainly to higher steel prices and record steel shipments, while the aluminum operations still posted an operating loss.
- Net sales of $6.5 billion versus $4.8 billion in Q3 2025; net income of $756 million versus $404 million a year earlier.
- Record steel shipments of 3.8 million tons; steel operations operating income of $1.0 billion.
- Aluminum operating loss of $26 million, a 21 percent improvement from the second quarter; management expects improvement in Q4 2026 and throughout 2027.
- Share repurchases of $276 million in the quarter; liquidity of $2.4 billion as of September 30, 2026.
Read the filing on SEC.gov ↗
Oct 19, 4:20 PM ET
Steel Dynamics announced six leadership promotions and role changes in an October 19, 2026 press release filed as Exhibit 99.1. The filing identifies Theresa E. Wagler as incoming President and Chief Executive Officer and Rick Poinsatte as incoming Chief Financial Officer, which signals a change in top executive roles for shareholders to note.
- Three Senior Vice Presidents promoted effective October 1, 2026: Chad Bickford, Jeff Hansen and Tommy Scruggs
- Daniel Keown named Senior Vice President over three flat rolled steel production facilities, and Yury Krotov named Vice President over four long product steel mills, both effective November 1, 2026
- Dominic Freiburger named Vice President and Treasurer, reporting to Rick Poinsatte, incoming CFO
- Theresa E. Wagler is described as incoming President and Chief Executive Officer
Read the filing on SEC.gov ↗
Aug 4, 9:57 AM ET
Steel Dynamics said CEO Mark Millett will retire as chief executive on January 1, 2027, and become Executive Chairman. CFO Theresa Wagler will succeed him as President and CEO on that date, and Richard Poinsatte will become CFO. The filing also lists operating and technology role changes effective September 1, 2026, and the board expanded from seven to eight members.
- Theresa Wagler, EVP and CFO since 2007, becomes President and CEO effective January 1, 2027, and joins the board immediately
- Mark Millett retires as CEO effective January 1, 2027, and becomes Executive Chairman
- Richard Poinsatte becomes EVP and CFO effective January 1, 2027
- Barry Schneider becomes EVP and Chief Technology Officer effective September 1, 2026
Read the filing on SEC.gov ↗
Jul 21, 9:42 AM ET
Steel Dynamics reported second quarter 2026 net sales of $6.1 billion and net income of $534 million, or $3.69 per diluted share, compared with $299 million, or $2.01 per diluted share, a year earlier. Results were reduced by a $16 million non-cash asset impairment charge tied to relocating a planned aluminum recycled slab center from Arizona to Mississippi. The filing gives no numeric guidance; management said steel pricing and demand improved and expects aluminum volumes and profitability to rise in the second half of 2026 and in 2027.
- Net sales were $6.1 billion, up from $4.6 billion in the second quarter of 2025, and operating income was $700 million, up from $383 million.
- Steel operating income was $721 million, 30 percent higher than the first quarter of 2026, on higher average selling prices of $1,298 per ton.
- Aluminum operating losses were $33 million, a 48 percent improvement from the first quarter of 2026.
- The company repurchased $200 million of common stock and reported cash flow from operations of $428 million in the quarter.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.