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
Key highlights from Nio’s (NIO) Q3 2024 earnings results
NIO Inc. (NYSE: NIO) reported its third quarter 2024 earnings results today. Total revenues were $2.66 billion, down 2.1% from the same period a year ago. Net loss attributable
Key takeaways from Walmart’s (WMT) Q3 2025 report
Over the years, Walmart Inc. (NYSE: WMT) has followed a successful business model focused on offering customers a unique shopping experience and the best prices. While the retail giant continues
What to look for when Macy’s (M) reports its Q3 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) remained red on Tuesday. The stock has dropped 14% over the past three months. The retailer is scheduled to report its third quarter 2024
