- 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
Market News
Earnings Summary: A snapshot of Steel Dynamics’ Q2 2023 results
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, […]
“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, […]
· July 24, 2023
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.
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