Steel Dynamics Inc.

Strong Financial Performance: Steel Dynamics reported record steel shipments of 3.5 million tons for Q1 2025, with a net income of $217 million ($1.44 per diluted share) and adjusted EBITDA of $448 million. Revenue of $4.4 billion increased 13% from the previous quarter, indicating robust operational performance despite global economic pressures.

Positive Growth Outlook: The company is optimistic about increasing demand and volumes in Q2 and the latter half of 2025, supported by a solid backlog extending into late 2025. Both steel fabrication and aluminum operations are expected to drive significant revenue growth, as the new aluminum flat-rolled facility begins production in June 2025, targeting EBITDA of $650-$700 million per year.

Operational Improvements at Sinton Mill: Sinton's operational efficiency has improved markedly, achieving positive EBITDA in Q1 and running at approximately 86% of capacity, with expectations of higher profitability in the remainder of the year. This contrasts previous guidance suggesting struggles to reach profitability, indicating stronger-than-expected operational maturity.