Steel Dynamics, Inc. (NASDAQ/GS: STLD) has just released its second quarter 2025 earnings guidance, with an expected range of $2.00 to $2.04 per diluted share. This marks a significant increase compared to the sequential first quarter 2025 earnings of $1.44 per diluted share, but a decrease from the prior year second quarter earnings of $2.72 per diluted share.
The company anticipates a notably stronger profitability from its steel operations in the second quarter of 2025. Average realized steel pricing has risen, leading to expanded metal spreads across the platform. However, flat rolled volumes contracted modestly due to inventory overhang from coated flat rolled steel imports. The energy, non-residential construction, automotive, and industrial sectors continue to drive demand.
Notably, steel segment pretax earnings were impacted by approximately $32 million due to a noncash write-off of consumable assets in the second quarter of 2025.
Earnings from the company's metals recycling operations are expected to remain steady sequentially, with stronger shipments offsetting lower realized pricing. On the other hand, earnings from the steel fabrication operations are projected to be lower than the sequential first quarter results. This is attributed to steady shipments combined with metal spread compression as steel raw material costs increased and the average realized sales price modestly declined.
The company also provided an update on its aluminum operations, reporting successful commissioning of the Columbus, Mississippi aluminum flat rolled products mill and San Luis Potosi satellite recycled slab center. The team successfully cast its first aluminum ingot at its Mississippi operations in January and at its Mexico location in March of this year. The company expects to begin shipping material mid-2025.
As of June 11, 2025, Steel Dynamics had repurchased $179 million, or one percent, of its common stock during the second quarter.
The company plans to release its second quarter 2025 earnings after the markets close on Monday, July 21, 2025, and will hold a conference call the following day at 11:00 a.m. Eastern Daylight Time to review the company's results.
Steel Dynamics, Inc. is a leading industrial metals solutions company with facilities located throughout the United States and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. It is also investing in aluminum operations to further diversify its product offerings. The market has reacted to these announcements by moving the company's shares -2.29% to a price of $130.11. Check out the company's full 8-K submission here.
