Steel Dynamics

Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with annual revenues of $8.8 billion in 2014, over 7,700 employees, and manufacturing facilities primarily located throughout the United States (including six steel mills, eight steel processing facilities, two iron production facilities, over 90 metals recycling locations and six steel fabrication plants).
Our reporting segments are comprised of our steel operations, metals recycling and ferrous resources, and fabrication.
Our steelmaking operations consist of mills, producing steel from steel scrap using electric arc furnaces, continuous casting, automated rolling mills, and downstream finishing facilities. This segment accounts for over 60% of the company’s external net sales. The steel products we manufacture include high quality sheet and long products, and are used in a wide variety of end markets, such as automotive, construction, manufacturing and energy.
Our metals recycling operation, OmniSource Corporation, is a wholly-owned subsidiary. OmniSource processes, transports, markets and brokers ferrous and nonferrous scrap metal. Additionally, our metals recycling operation offers consulting services, as well as provides customized scrap management services to industrial manufacturing companies throughout North America and Mexico. Primary end users of the ferrous scrap metal are domestic steel mills, including our own steelmaking facilities. Nonferrous scrap metal is used by a variety of specialty steel manufacturers, refineries and smelters, and producers of wire and cable.
New Millennium Building Systems, our fabrication operation, produces trusses, girders, steel joist and steel decking products, used in the building industry. Our customers include nonresidential steel fabricators, metal building companies, general construction contractors, developers, brokers and government entities.

Company Growth (employees)
Type
Public
HQ
Fort Wayne, US
Founded
1993
Size (employees)
7,695 (est)+3%
Steel Dynamics was founded in 1993 and is headquartered in Fort Wayne, US

Key People at Steel Dynamics

Mark Millett

Mark Millett

President and Chief Executive Officer
Theresa Wagler

Theresa Wagler

Executive Vice President and Chief Financial Officer
Russ Rinn

Russ Rinn

President and Chief Operating Officer

Steel Dynamics Office Locations

Steel Dynamics has offices in Fort Wayne, Butler, Columbus, Pittsburgh and in 4 other locations
Fort Wayne, US (HQ)
7575 W Jefferson Blvd
Huntington, US
2nd Ave
Roanoke, US
102 Westside Blvd NW
Pittsboro, US
8000 N County Rd 225 E
Columbia City, US
2601 County Rd 700 N
Pittsburgh, US
300 Mifflin Rd

Steel Dynamics Data and Metrics

Steel Dynamics Financial Metrics

Steel Dynamics's revenue was reported to be $7.8 b in FY, 2016 which is a 2% increase from the previous period.
USD

Revenue (FY, 2016)

7.8 b

Revenue growth (FY, 2015 - FY, 2016), %

2%

Gross profit (FY, 2016)

1.3 b

Gross profit margin (FY, 2016), %

17%

Net income (FY, 2016)

360 m

EBIT (FY, 2016)

728 m

Market capitalization (17-Aug-2017)

8.4 b

Cash (31-Dec-2016)

841.5 m

EV

9.9 b
Steel Dynamics's current market capitalization is $8.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

7.4 b8.8 b7.6 b7.8 b

Revenue growth, %

19%(13%)2%

Cost of goods sold

6.7 b7.8 b6.9 b6.4 b

Gross profit

719.1 m966.2 m731.7 m1.3 b

Gross profit Margin, %

10%11%10%17%

EBIT

386.5 m320.3 m(72.8 m)728 m

EBIT margin, %

5%4%(1%)9%

Pre tax profit

262.8 m164.8 m(242.1 m)564.1 m

Net Income

163.5 m91.7 m(145.2 m)360 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

395.2 m361.4 m727 m841.5 m

Inventories

1.3 b1.6 b1.1 b1.3 b

Current Assets

2.5 b3 b2.5 b2.9 b

PP&E

2.2 b3.1 b3 b2.8 b

Goodwill

732 m745.2 m397.5 m393.4 m

Total Assets

5.9 b7.3 b6.2 b6.4 b

Accounts Payable

404.6 m489.8 m276.7 m382.1 m

Total Debt

2.6 b2.4 b

Current Liabilities

975.2 m850.6 m535.3 m712.8 m

Additional Paid-in Capital

1.1 b1.1 b1.1 b1.1 b

Retained Earnings

2.2 b2.2 b2 b2.2 b

Total Equity

2.5 b2.8 b2.5 b2.8 b

Debt to Equity Ratio

1 x0.8 x

Debt to Assets Ratio

0.4 x0.4 x

Financial Leverage

2.4 x2.6 x2.4 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

163.5 m91.7 m(145.2 m)360 m

Accounts Receivable

(78.2 m)(2.2 m)311.3 m(106.6 m)

Inventories

(108 m)68.7 m488 m(115.6 m)

Accounts Payable

40.1 m(76.1 m)(227.1 m)106.5 m

Cash From Operating Activities

312.2 m617.6 m1 b852.8 m

Purchases of PP&E

(186.8 m)(111.8 m)(114.5 m)(198.2 m)

Cash From Investing Activities

(152.8 m)(1.7 b)(149.6 m)(312.9 m)

Dividends Paid

(94.8 m)(105.4 m)(127.6 m)(135.8 m)

Cash From Financing Activities

(140.1 m)1.1 b(523.2 m)(425.4 m)

Interest Paid

150.7 m
USDY, 2016

EV/EBIT

13.6 x

EV/CFO

11.6 x

Revenue/Employee

1 m

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.3 x

Steel Dynamics Market Value History

Traffic Overview of Steel Dynamics

Steel Dynamics Company Life and Culture

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