Steel Dynamics, Inc. (STLD)

Steel Dynamics topped consensus on both revenue and EPS in the second fiscal quarter of 2026, reported July 20, with EPS of $3.69 topping the $3.63 estimate, +1.7%, and revenue of $6.092 billion topping the $5.559 billion estimate, +9.6%. Revenue rose 33.4% to about $6.1 billion from about $4.6 billion a year ago, with gross margin near 16% and operating margin about 13%, and operating income came in at about $766 million. Net income rose 78.8% to about $534 million from $298.7 million a year ago, operating cash flow was about $428 million, and the company repurchased about $200 million of stock while paying about $76.6 million in dividends. Consensus for the next period calls for EPS of $5.39 on revenue of $6.333 billion.