Steel Dynamics forecasts Q3 2026 EPS $5.34-$5.38
STLD•Q3 2026 EPS outlook
Steel Dynamics forecasts Q3 2026 diluted earnings per share of $5.34-$5.38, up from $3.69 in Q2 2026.
Year-ago Q3 diluted EPS was $2.74.
Operations outlook and buybacks
Steel operations profit is seen sharply higher on wider metal margins, record shipments, higher realized prices and lower scrap costs.
Metals recycling earnings are expected to be lower on tighter metal spreads and slightly lower shipments.
Aluminum operations outlook improved on higher shipments as the Columbus flat-rolled mill startup progresses.
Steel Dynamics also repurchased $261 million of stock in Q3.
