Mark Millett - Steel Dynamics CEO

STLD Stock  USD 136.07  2.86  2.06%   

CEO

Mr. Mark D. Millett is President, Chief Executive Officer, Director of the Company. Mr. Millett cofounded the Company in 1993. Mr. Millett was our President and Chief Executive Officer since January 2012. Prior to that, he has held various positions, including President and Chief Operating Officer, Executive Vice President of Metals Recycling and Ferrous Resources, President and Chief Operating Officer of OmniSource Corporationrationration, and Executive Vice President of Flat Roll Operations. Mr. Millett was responsible for the design, construction, and startup operation of numerous steelmaking facilities, including portions of our Butler Flat Roll Division. Mr. Millett was named Steelmaker of the Year in 2014 by the Association of Iron and Steel Technology since 2012.
Age 64
Tenure 12 years
Address 7575 West Jefferson Boulevard, Fort Wayne, IN, United States, 46804
Phone260 969 3500
Webhttps://www.steeldynamics.com
Millett brings to the Board strong leadership and industry experience having cofounded the Company and led the Company as its President and CEO during the past six years, through a period of tremendous longterm strategic growth. His experience as a seasoned public company CEO, coupled with his steel industry experience and his operational, commercial, cultural and strategic expertise, are valuable assets to the Board. He holds Bachelor degree in metallurgy from the University of Surrey in England

Steel Dynamics Management Efficiency

The company has return on total asset (ROA) of 0.1355 % which means that it generated a profit of $0.1355 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2914 %, meaning that it created $0.2914 on every $100 dollars invested by stockholders. Steel Dynamics' management efficiency ratios could be used to measure how well Steel Dynamics manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.18. The current year's Return On Capital Employed is expected to grow to 0.26. At present, Steel Dynamics' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 543.9 M, whereas Debt To Assets are forecasted to decline to 0.20.
The company currently holds 3.2 B in liabilities with Debt to Equity (D/E) ratio of 0.38, which is about average as compared to similar companies. Steel Dynamics has a current ratio of 3.6, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Steel Dynamics until it has trouble settling it off, either with new capital or with free cash flow. So, Steel Dynamics' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Steel Dynamics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Steel to invest in growth at high rates of return. When we think about Steel Dynamics' use of debt, we should always consider it together with cash and equity.

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Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana. Steel Dynamics operates under Steel classification in the United States and is traded on NASDAQ Exchange. It employs 10640 people. Steel Dynamics (STLD) is traded on NASDAQ Exchange in USA. It is located in 7575 West Jefferson Boulevard, Fort Wayne, IN, United States, 46804 and employs 12,600 people. Steel Dynamics is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Steel Dynamics Leadership Team

Elected by the shareholders, the Steel Dynamics' board of directors comprises two types of representatives: Steel Dynamics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Steel. The board's role is to monitor Steel Dynamics' management team and ensure that shareholders' interests are well served. Steel Dynamics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Steel Dynamics' outside directors are responsible for providing unbiased perspectives on the board's policies.
Russell Rinn, Executive Vice President - Metals Recycling; President and COO of OmniSource Corporation
Gabriel Shaheen, Independent Director
James Marcuccilli, Lead Independent Director
Jurgen Kolb, Independent Director
Bradley Seaman, Independent Director
Richard Teets, Co-Founder and President of Steel Operations, COO of Steel Operations, Executive VP for Steelmaking and Executive Director
James Anderson, Senior Fabrication
Barry Schneider, Senior Vice President Flat Roll Steel Group
Traci Dolan, Independent Director
Mark Millett, Co-Founder, CEO and President and Executive Director
Marlene Owen, Director of Investor Relations
Jeff Hansen, Vice Safety
Sheree Bargabos, Independent Director
Glenn Pushis, Senior Vice President Long Products Steel Group
Kenneth Cornew, Independent Director
Theresa Wagler, CFO, Chief Accounting Officer and Executive VP
Steven Sonnenberg, Independent Director
John Bates, Co-Founder, Director and Member of Succession Planning Committee
Frank Byrne, Independent Director
Keith Busse, Co-Founder and Non-Executive Chairman
Christopher Graham, President of New Millennium Building Systems and VP
Miguel Alvarez, Senior Vice President - Southwest U.S and Mexico

Steel Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Steel Dynamics a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Dynamics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Is Steel Dynamics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Dynamics. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.28)
Dividend Share
1.7
Earnings Share
14.64
Revenue Per Share
112.85
Quarterly Revenue Growth
(0.12)
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.