Steel Dynamics, Inc. (NASDAQ: STLD), a company engaged in steel production and metal recycling in North America, reported lower earnings and net sales for the second quarter of 2023.
- Total steel shipments edged up to 3.2 million tons in the June quarter from 3.1 billion in the same period of last year
- At $5.08 billion, net sales were lower than the $6.21 billion sales recorded in the prior-year period
- The company reported strong cash flow from operations of $808 million for the quarter
- Steel Dynamics repurchased $380 million of its stock in Q2, representing 2.2% of its outstanding shares
- Net income attributable to shareholders was $812.1 million vs. $1.21 billion in the year-ago period
- On a per-share basis, earnings decreased to $4.81 in the latest quarter from $6.44 in Q2 2022
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
What to look for when Take-Two Interactive Software (TTWO) reports Q4 2024 earnings results
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Thursday. The stock has dropped 14% over the past three months. The gaming company is scheduled to report its
