Steel Dynamics Q1 2026 net income rises to $403 million, or $2.78 per diluted share
Steel Dynamics reported first quarter 2026 net sales of $5.2 billion and net income of $403 million, or $2.78 per diluted share, up from $217 million, or $1.44 per share, a year earlier. The company cited record steel shipments and higher steel prices, and said it raised its quarterly cash dividend by six percent, while its new aluminum operations still posted an operating loss of $65 million.
Key points
- Operating income was $538 million, up from $275 million in the first quarter of 2025.
- Adjusted EBITDA was $700 million, compared with $448 million a year earlier.
- Cash flow from operations was $148 million after a $120 million annual companywide retirement profit-sharing distribution.
- Record steel shipments of 3.6 million tons; aluminum operating losses were $65 million for the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 21, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.