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Stock impact report

Steel Dynamics: Tariff Benefits Strengthen In Q1 [Seeking Alpha]

Steel Dynamics, Inc. (STLD) 
Last steel dynamics, inc. earnings: 4/20 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.steeldynamics.com/presentations
Company Research Source: Seeking Alpha
Q1 results showcased record steel shipments, robust EBITDA, and strong pricing, though U.S. manufacturing activity remains muted. STLD's aluminum plant is ramping up, expected to add $650+ million EBITDA and diversify earnings, with free cash flow inflecting positively in 2024. I maintain a "Hold" rating, viewing shares as fairly valued at ~15.5x earnings, with potential to add on pullbacks to ~$190. davit85/iStock via Getty Images Shares of Steel Dynamics ( STLD ) have been a remarkable performer over the past year, gaining over 80%. While it has taken several quarters, the steel tariffs have helped to firm up pricing in the sector, supporting profitability. At the same time, its transformational aluminum plant Show less Read more
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