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Steel Dynamics Inc (STLD) Q1 2021 Earnings Call Transcript

Steel Dynamics Inc (STLD) Q1 2021 Earnings Call Transcript
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Steel Dynamics Inc (NASDAQ: STLD)
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Operator
Good day and welcome to the Steel Dynamics First Quarter 2021 Earnings Conference Call. [Operator Instructions]
At this time, I would like to turn the conference over to Tricia Meyers, Investor Relations Manager. Please go ahead.SPONSORED:
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Steel Dynamics Reports Record First Quarter 2021 Results

Steel Dynamics Reports Record First Quarter 2021 Results
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First Quarter 2021 Performance Highlights:
Near-record steel shipments of 2.8 million tons and record steel fabrication shipments of 184,000 tons
Record net sales of $3.5 billion
Record operating income of $594 million and record net income of $431 million
Strong cash flow from operations of $262 million and record adjusted EBITDA of $664 million
Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2021 financial results. The company reported first quarter 2021 net sales of $3.5 billion and net income of $431 million, or $2.03 per diluted share. Excluding the impact from the following item, the company s first quarter 2021 adjusted net income was $445 million, or $2.10 per diluted share. ....

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Steel Dynamics Reports Record First Quarter 2021 Results

Steel Dynamics Reports Record First Quarter 2021 Results
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United States , West Virginia , Markd Millett , Exchange Commission , Steel Dynamics Inc , Rail Division , Roanoke Bar Division , Bar Products Division , Sinton Texas Flat Roll Steel Mill , Chief Executive , North American , Columbus Flat Roll Steel , Eastern Daylight , Eastern Daylight Time , Steel Dynamics , Adjusted Net Income , Adjusted Diluted Earnings Per Share , Steel Dynamic , Private Securities Litigation Reform Act , Annual Report , Special Note Regarding Forward Looking Statements , Risk Factors , Columbus Flat Roll , Mill Production , Includes Heartland , United Steel Supply ,

Steel Dynamics Provides Strategic Growth Update Regarding its Flat Roll Steel Operations

Steel Dynamics Provides Strategic Growth Update Regarding its Flat Roll Steel Operations
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Steel Dynamics Provides Strategic Growth Update Regarding its Flat Roll Steel Operations

Steel Dynamics Provides Strategic Growth Update Regarding its Flat Roll Steel Operations
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FORT WAYNE, Ind., April 15, 2021 /PRNewswire/ Today Steel Dynamics, Inc. (NASDAQ/GS: STLD) provided a strategic update concerning its ongoing and new flat roll steel growth initiatives.
We are incredibly excited about the progress being made at our Sinton Texas EAF Flat Roll Steel Mill, stated Mark D. Millett, President and Chief Executive Officer. Sinton represents transformational growth for Steel Dynamics and long-term value creation for our teams, communities, customers, and investors. Given the success of our Sinton construction team, we are planning to add two additional value-added flat roll coating lines more quickly than originally planned. The site is yet to be determined but it will be located in the Southern U.S., to provide Sinton with similar diversification and higher-margin product capabilities ....

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