Revenue Growth Driven by Volume and Pricing
Revenue increased 19.1% YoY to $5.20B in Q1 2026 from $4.37B in Q1 2025, reflecting stronger steel demand and improved pricing dynamics across STLD's diversified operations.
STEEL DYNAMICS INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Steel Dynamics (STLD) delivered a strong Q1 2026 with revenue surging 19.1% YoY to $5.20B and net income nearly doubling to $403M, driven by significantly improved margins across the business.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue increased 19.1% YoY to $5.20B in Q1 2026 from $4.37B in Q1 2025, reflecting stronger steel demand and improved pricing dynamics across STLD's diversified operations.
Gross margin expanded approximately 353 basis points YoY to 14.66% from 11.14%, while operating margin nearly doubled to 10.34% from 6.30%, indicating significant operating leverage and cost discipline.
SG&A expenses declined 3.6% YoY to $175.2M from $181.8M, demonstrating management's focus on cost control even as revenue grew substantially, contributing to the strong operating income expansion.
Revenue
$5.2B
++19.13% YoY
EPS (Basic)
$2.79
++92.41% YoY
Gross Margin
14.7%
++3.53% YoY
Operating Income
$538M
++95.54% YoY
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