Steel Dynamics Q1 2023: adj. EPS $4.01, record steel shipments 3.3M tons, div increase 25%

STEEL DYNAMICS INC

2023-Q1 EPS reported $3.70 revenue$4,893,206,000

Net sales $4.9B; net income $637M ($3.70 diluted EPS); adjusted net income $691M ($4.01 diluted EPS).
Steel operations operating income $345M (93% higher sequentially); record shipments 3.3M tons.
Steel fabrication ops operating income $551M; order backlog strong into Q4 2023.
Dividend increased 25%; share repurchases $354M (1.7% of outstanding); cash from ops $734M.
Management sees strong demand in automotive, non-residential construction, energy, and onshoring tailwinds.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STEEL DYNAMICS INC reported first quarter 2023 results: revenue $4.9 billion, net income $637 million, EPS $3.70 per diluted share.

Period: first quarter 2023
Revenue: $4.9 billion
Net income: $637 million
EPS: $3.70 per diluted share
Result: reported results

Exact text from the filing

Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2023 financial results. The company reported first quarter 2023 net sales of $4.9 billion and net income of $637 million, or $3.70 per diluted share.

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Source: SEC EDGAR

accession 0001104659-23-048128

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