Steel Dynamics Q3 EPS $3.47, down 28% from Q2; adjusted EBITDA $876M

STEEL DYNAMICS INC

2023-Q3 EPS reported $11.98 revenue$14,561,893,000

Net sales $4.6B, net income $577M ($3.47 diluted EPS); Q2 EPS was $4.81, prior year Q3 $5.03.
Steel shipments 3.1M tons; steel ops operating income $474M, down 33% sequentially on metal spread compression.
Fabrication ops operating income $330M, strong but below Q2; backlog extends into Q1 2024.
Generated $1.1B cash from ops; record liquidity $3.7B; repurchased $331M stock (1.8% of shares).
Sinton mill outage impacted ~90k tons; expects 65-70% production utilization by year-end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STEEL DYNAMICS INC reported third quarter 2023 results: revenue $4.6 billion, net income $577 million, or $3.47 per diluted share, EPS $3.47 per diluted share.

Period: third quarter 2023
Revenue: $4.6 billion
Net income: $577 million, or $3.47 per diluted share
EPS: $3.47 per diluted share
Result: reported results

Exact text from the filing

The company reported third quarter 2023 net sales of $4.6 billion and net income of $577 million, or $3.47 per diluted share.

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Source: SEC EDGAR

accession 0001104659-23-110072

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