---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-110072"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T19:31:40.667320+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-110072
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465923110072/0001104659-23-110072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465923110072/tm2328781d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-110072
- JSON: https://secwatch.observer/filing/0001104659-23-110072.json
- Plain text: https://secwatch.observer/filing/0001104659-23-110072.txt

## Key facts
- Earnings Releases
  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
  source text: The company reported third quarter 2023 net sales of $4.6 billion and net income of $577 million, or $3.47 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022671/000110465923110072/0001104659-23-110072-index.htm

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