Steel Dynamics Earnings Reports

Steel Dynamics reported Q4 2024 net sales of $3.9 billion and net income of $207 million, or $1.36 per diluted share. The company's steel operations' operating income was $165 million, while the steel fabrication operations achieved operating income of $142 million. The metals recycling operations achieved operating income of $23 million.

Steel Dynamics reported Q3 2024 net sales of $4.3 billion and net income of $318 million, or $2.05 per diluted share. The company's performance was supported by stable steel demand and strong results from its steel fabrication operations, while earnings were impacted by lower average realized steel pricing.

Steel Dynamics reported Q2 2024 net sales of $4.6 billion and net income of $428 million, or $2.72 per diluted share. Operating income was $559 million.

Steel Dynamics reported a strong first quarter in 2024, with net sales of $4.7 billion and net income of $584 million, or $3.67 per diluted share. The sequential improvement in earnings was driven by steel and metals recycling businesses and supported by continued historically strong results from steel fabrication operations.

Steel Dynamics reported Q4 2023 net sales of $4.2 billion and net income of $424 million, or $2.61 per diluted share. The company's steel operations achieved record annual shipments of 12.8 million tons and historically strong operating income of $1.9 billion. The steel fabrication business achieved its second highest annual earnings with operating income of $1.6 billion.

Steel Dynamics reported Q3 2023 net sales of $4.6 billion and net income of $577 million, or $3.47 per diluted share. The company's operating income was $734 million, with adjusted EBITDA of $876 million. Cash flow from operations was $1.1 billion, and the company achieved record liquidity of $3.7 billion.

Steel Dynamics reported strong second quarter 2023 results with net sales of $5.1 billion and net income of $812 million, or $4.81 per diluted share. The company's performance was driven by significantly higher realized pricing from steel operations and strong cash flow from operations of $808 million.

Steel Dynamics reported strong Q1 2023 results with net sales of $4.9 billion and net income of $637 million, or $3.70 per diluted share. Excluding the impact from the company’s newly started Sinton Texas Flat Roll Steel Mill, adjusted net income was $691 million, or $4.01 per diluted share.

Steel Dynamics reported fourth quarter 2022 net sales of $4.8 billion and net income of $635 million, or $3.61 per diluted share. Excluding certain items, the company’s fourth quarter adjusted net income was $769 million, or $4.37 per diluted share.

Steel Dynamics reported strong Q3 2022 results with net sales of $5.7 billion and net income of $914 million, or $5.03 per diluted share. Excluding the impact from the company’s newly started Sinton Texas Flat Roll Steel Mill, adjusted net income was $992 million, or $5.46 per diluted share. The company achieved record quarterly steel shipments of 3.2 million tons.

Steel Dynamics reported record second quarter 2022 net sales of $6.2 billion and record net income of $1.2 billion, or $6.44 per diluted share. Excluding certain items, adjusted net income was $1.3 billion, or $6.73 per diluted share. The company achieved record quarterly steel shipments of 3.1 million tons.

Steel Dynamics reported record first quarter 2022 results, with net sales of $5.6 billion and net income of $1.1 billion, or $5.71 per diluted share. The company's performance was driven by its diversified, value-added, circular manufacturing model, with strength in steel fabrication offsetting moderation in flat roll steel.

Steel Dynamics announced record fourth quarter 2021 net sales of $5.3 billion and net income of $1.1 billion, or $5.49 per diluted share. The company's fourth quarter adjusted net income was $1.1 billion, or $5.78 per diluted share.

Steel Dynamics reported record third quarter 2021 financial results, with net sales of $5.1 billion and net income of $991 million, or $4.85 per diluted share. Operating income increased 38 percent sequentially to $1.3 billion, while adjusted EBITDA increased 36 percent to $1.4 billion.

Steel Dynamics reported record second quarter 2021 financial results, including record net sales of $4.5 billion and net income of $702 million, or $3.32 per diluted share. The company's performance was driven by strong steel demand, increased shipments, and metal spread expansion across its steel platform.

Steel Dynamics reported record first quarter 2021 results, with net sales of $3.5 billion and net income of $431 million, or $2.03 per diluted share. The company's performance was driven by strong steel demand and higher flat roll steel selling values.

Steel Dynamics reported Q4 2020 net sales of $2.6 billion and net income of $188 million, or $0.89 per diluted share. Excluding certain items, adjusted net income was $205 million, or $0.97 per diluted share. The company's steel operations saw operating income more than double sequentially, while metals recycling operations increased 75 percent. Steel fabrication operations reported operating income of $25 million.

Steel Dynamics reported Q3 2020 net sales of $2.3 billion and net income of $100 million, or $0.47 per diluted share. Excluding certain items, adjusted net income was $108 million, or $0.51 per diluted share. The company benefited from a strong recovery in domestic steel demand, particularly in the automotive sector, and resilient construction activity.

Steel Dynamics reported a decrease in net sales and net income for Q2 2020 compared to the previous year and the previous quarter, primarily due to the impact of the COVID-19 pandemic. However, the company's steel mills operated at a high utilization rate, and cash flow from operations increased sequentially.

Steel Dynamics reported a strong first quarter 2020 performance with net sales of $2.6 billion and net income of $187 million, or $0.88 per diluted share. The company achieved record quarterly steel shipments, driven by solid underlying steel demand and value-added product capabilities.

Steel Dynamics reported strong Q4 2019 results with net sales of $2.4 billion and net income of $121 million, or $0.56 per diluted share. Adjusted net income was $134 million, or $0.62 per diluted share. The company generated strong cash flow from operations of $409 million.