STLD 8-K SEC Filing Analysis

Latest settled — T+20d

STLD ▲ +3.80% at T+20d

SHORT call ✗ call lost -3.80% · α vs SPY +1.11% · entry $220.21 → $228.58

Next anchor: T+60d in 5w

Currently $269.80 · -22.52% from $220.21 entry (call sign-flipped)

Entry anchored
Apr 21, 03:06 PM ET
via Databento tick

T+1d

+3.29%

call -3.29% · α -2.27%

$227.46

settled 7w ago

T+5d

+3.07%

call -3.07% · α -1.98%

$226.96

settled 6w ago

T+20d

+3.80%

call -3.80% · α +1.11%

$228.58

settled 22d ago

T+60d

—

call — · α —

—

in 5w

Price Chart

Loading chart...

Executive Summary

Steel Dynamics reported Q1 2026 earnings of $2.78 per share on $5.2 billion in revenue, missing consensus EPS estimates of $3.76. The miss was driven by a $17 million loss increase in its aluminum startup operations despite record steel shipments and improved pricing.

Key Financial Metrics

Gross Margin

14.664476621575977%

Actionable Insight

Monitor aluminum segment profitability in Q2 as management expects sharp improvement; despite strong steel fundamentals, the persistent drag from aluminum startups limits near-term EPS upside.

Key Facts

Q1 2026 EPS of $2.78 missed consensus of $3.76 by 26%
Record steel shipments of 3.6 million tons and average selling price of $1,193/ton drove revenue to $5.2B
Aluminum operations loss widened to $65M from $47M due to startup issues and inventory write-offs
Operating income rose 73% QoQ to $538M on improved steel margins
Company maintained $148M in operating cash flow after $120M profit-sharing distribution

Financial Impact

EPS miss of $0.98 on $300M revenue shortfall vs consensus

epsrevenueoperating_incomecash_flow

Risk Factors

Aluminum segment losses increased despite higher shipments
Startup issues in January led to temporary shutdown and inventory write-offs

Market Snapshot

Exchange

Nasdaq

Sector

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001104659-26-045938
Document: tm2612296d1_8k.htm	0001104659-26-045938
Document: 0001104659-26-045938-index-headers.html	0001104659-26-045938
Document: 0001104659-26-045938-index.html	0001104659-26-045938
Document: 0001104659-26-045938.txt	0001104659-26-045938
8-K Data (Synthetic)	0001104659-26-045938

4 reports for STLD

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for STLD — sortable, filterable
	Type				Now
May 15, 2026 25d ago	Insider Cluster NEUTRAL ★ 2/10	$229.34 $240.03	▲ +4.66%	▲ +3.70%	$269.80 (+17.64%)
May 8, 2026 4w ago	8-K NEUTRAL ★ 2/10	$235.10 $234.68	▼ −0.18%	▼ −1.64%	$269.80 (+14.76%)
Apr 23, 2026 6w ago	Insider Cluster BEARISH ★ 7/10	$225.05 $224.37	▲ +0.30%	▲ +1.78%	$269.80 (−19.88%)
Apr 21, 2026 7w ago	8-K BEARISH ★ 6/10	$220.21 $226.96	▼ −3.07%	▼ −1.98%	$269.80 (−22.52%)

US Market Status

Market Closed — Opens Thu (10h 7m)

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access