---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-048128"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T20:59:05.893743+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-048128
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465923048128/0001104659-23-048128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465923048128/tm2313332d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-048128
- JSON: https://secwatch.observer/filing/0001104659-23-048128.json
- Plain text: https://secwatch.observer/filing/0001104659-23-048128.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022671/000110465923048128/0001104659-23-048128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.