Steel Dynamics Sets New Records in Q3 2026 Performance
On October 20th, Steel Dynamics reported its third-quarter earnings for the year 2026. The company revealed an impressive performance, with several key highlights that solidify its position as a leader in the steel and metals industry.
The Chairman and Chief Executive Officer of Steel Dynamics, Mark Millett, took to the conference call to share the results, praising the dedication and hard work of the team. He announced Theresa Wagler's appointment as the new CEO at the end of this year, citing her 28+ years of experience with the company, starting from its early days in Butler, Indiana.
"Theresa has built an incredible understanding of our markets, our customers, and our company," said Millett. "She understands our culture and is passionate about our people. Her involvement in strategic decisions and direction over the past 15 years has driven tremendous growth and about 3,000% in shareholder value appreciation."
The team's performance was indeed impressive, with record quarterly steel shipments of 3.8 million tons, adjusted EBITDA of $1.2 billion, and extremely strong cash flow from operations of $846 million. The company also achieved its milestones related to the aluminum mill commissioning and ramp.
Millett expressed gratitude to the team for their dedication, stating that safety will remain the most important cultural pillar and value for the company. He highlighted the team's commitment to continuous improvement every day, with hundreds of volunteers traveling across the company to ensure each facility has the right attitude and mindset.
As Steel Dynamics continues to drive growth and success, investors and industry observers are likely to take note of these impressive performance metrics. With a strong leadership team in place and a focus on innovation and improvement, the company seems poised for continued success in the years to come."
