Steel Dynamics (STLD) Q1 2026 Earnings Transcript

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Tuesday, April 21, 2026 astatine 11 a.m. ET

• Chairman and Chief Executive Officer — Mark D. Millett

• Executive Vice President and Chief Financial Officer — Theresa E. Wagler

• President and Chief Operating Officer — Barry T. Schneider

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Mark D. Millett, Chairman and Chief Executive Officer; Theresa E. Wagler, Executive Vice President and Chief Financial Officer; and Barry T. Schneider, President and Chief Operating Officer. Other members of our elder enactment squad are joining america connected the telephone individually. Some of today's statements, which talk lone arsenic of this date, whitethorn beryllium forward-looking and predictive, typically preceded by believe, expect, anticipate, oregon words of akin meaning. They are intended to beryllium protected by the Private Securities Litigation Reform Act of 1995 should existent results crook retired differently.

Such statements impact risks and uncertainties related to integrating oregon starting up caller assets, the aluminum industry, the usage of estimates and assumptions successful transportation with anticipated task returns successful our steel, metals recycling, fabrication, and aluminum businesses, arsenic good arsenic to wide concern and economical conditions. Examples of these are described successful a related property merchandise arsenic good arsenic successful our annually filed SEC Form 10-Ks nether the headings Forward-Looking Statements and Risk Factors, recovered astatine sec.gov, and applicable successful immoderate aboriginal SEC Form 10-Q. You volition besides find immoderate referenced non-GAAP fiscal measures reconciled to the astir straight comparable GAAP measures successful the property merchandise issued yesterday entitled Steel Dynamics, Inc. reports archetypal 4th 2026 results.

I volition present crook the telephone implicit to Mark. Thank you, everyone, and bully morning.

Mark D. Millett: Thanks for sharing your clip this greeting for our archetypal 4th 2026 net call. As reported, our teams achieved a precise beardown archetypal 4th fiscal and operational performance. Several highlights for the 4th included grounds quarterly alloy shipments of 3.6 cardinal tons. We saw important advancement wrong our aluminum operations. It truly is breathtaking to spot our imaginativeness coming to beingness there. We had adjusted EBITDA of $700 million. And, again, astir importantly, our teams proceed to support information apical of mind. We person an astonishing radical of radical that achieves best-in-class show each and each day. I americium incredibly arrogant of them and the full team.

Our world-class information civilization continues to evolve, and our team's dedication to our controlled information doctrine is extraordinary. At immoderate 135 Steel Dynamics, Inc. locations, 94% operated successful the archetypal 4th without 1 lost-time injury. I americium continually inspired by the committedness they person for 1 another, see themselves family, and situation the presumption quo each day. But, arsenic always, we volition ne'er beryllium dissatisfied until we execute a zero-incident environment. Before I continue, I would similar to displacement to Theresa and Barry for their commentary. Theresa?