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
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from
Key highlights from Chewy’s (CHWY) Q1 2025 earnings results
Chewy, Inc. (NYSE: CHWY) reported its first quarter 2025 earnings results today. Net sales of $3.12 billion increased 8.3% year-over-year. Net income decreased 6.7% to $62.4 million compared to last
