STEEL DYNAMICS $STLD Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $6.51B (Est. $6.43B) 🟢 🔹 EPS: $5.26 (Est. $5.41) 🔴; +92% YoY 🔹 Operating Income: $1.01B (Est. $1.06B) 🔴 🔹 Net Income: $756M (Est. $790M) 🔴; +87% YoY 🔹 Adj. EBITDA: $1.19B (Est. $1.24B) 🔴 Cash Flow: 🔹 Operating Cash Flow: $845.8M 🔹 Capital Investments: $150M 🔹 Share Repurchases: $276M 🔹 Cash Dividends: $76M Segment Operating Income: 🔹 Steel: $1.03B 🔹 Steel Fabrication: $90.6M 🔹 Metals Recycling: $33.0M 🔹 Aluminum: -$26.2M Other Q3 Metrics: 🔹 Steel Shipments: 3.8M tons (record) 🔹 Avg Steel Price: $1,400/ton 🔹 Avg Scrap Cost: $404/ton 🔹 Aluminum FRP Shipments: 55,000 metric tons Key Updates: 🔹 Customer order activity has continued to strengthen since the end of 2025, with the order backlog now 50 percent higher than a year ago and extending into the second quarter 2027. 🔹 All three cold mills are now operational which provides us the ability to achieve our annual volume expectations, and the first of two Continuous Annealing and Solution Heat (CASH) lines is operating and is expected to ship finished automotive products before the end of the year. 🔹 Liquidity of $2.4B as of September 30, 2026 Comments: 🔸 “We remain firmly committed to the health and safety of our teams, their families, and the communities we serve, while meeting the evolving needs of our customers.”