SDI - Steel Dynamics Inc. reported FY 2025 net sales of USD 18.2 billion (+4%), operating income of USD 1.5 billion (-24%), and net income attributable to shareholders of USD 1.2 billion (-23%). Diluted EPS was USD 7.99 in FY 2025. Cash flow from operations was USD 1.4 billion in FY 2025, and the company ended FY 2025 with total liquidity of USD 2.2 billion, including USD 769.9 million of cash and equivalents and USD 1.2 billion of unsecured revolver availability. By segment in FY 2025, Steel Operations delivered net sales of USD 13.4 billion (+7%) and operating income of USD 1.4 billion (-10%) as average selling prices decreased 1% (USD 14 per ton) and metal spread decreased 2%, while shipments reached a record 13.7 million tons (+9%) excluding intra-segment. Metals Recycling posted net sales of USD 4.3 billion (+5%) and operating income of USD 97.2 million (+27%), with ferrous and nonferrous average selling prices up 2% and 7%, respectively, and nonferrous spreads up 24%. Steel Fabrication generated net sales of USD 1.4 billion (-20%) and operating income of USD 407.4 million (-39%) amid a 17% contraction in metal spread. Aluminum Operations sales rose to USD 473.9 million (+49%) and operating loss was USD 173.0 million as the Columbus, Mississippi recycled aluminum flat rolled products mill began shipping, totaling 15,000 metric tons of finished product in the second half of FY 2025, while finishing lines remained under construction. For capital allocation and balance sheet items, SDI - Steel Dynamics Inc. invested USD 948.0 million in property, plant and equipment in FY 2025, declared USD 294.1 million in cash dividends, and repurchased USD 900.9 million of shares, with USD 801.0 million remaining under its February 2025 authorization. Total outstanding debt was USD 4.2 billion at December 31, 2025, and interest expense was USD 70.0 million (+24%) following senior unsecured note issuances in March and November 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SDI - Steel Dynamics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-021395), on February 27, 2026, and is solely responsible for the information contained therein.
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