secwatch.observer — SEC 8-K summary
======================================

Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001104659-23-110072
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465923110072/0001104659-23-110072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465923110072/tm2328781d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-110072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer