Steel Dynamics Q4 net income $424M ($2.61 EPS); 2023 record shipments 12.8M tons

STEEL DYNAMICS INC

2023-FY EPS reported $14.64 revenue$18,795,316,000

Q4 net sales $4.2B, net income $424M ($2.61 diluted EPS); down from Q3 $577M and year-ago $635M.
FY 2023 net sales $18.8B (-16% YoY); net income $2.5B ($14.64 EPS) vs. $3.9B ($20.92 EPS) in 2022.
Record steel shipments 12.8M tons; adjusted EBITDA $3.7B; cash flow from operations $3.5B.
Steel ops Q4 operating income $365M; fab ops $250M; recycling $6M; lower earnings on metal spread compression.
Outlook: new Texas EAF mill ramping; 4 coating lines to commission Q1 2024; aluminum mill startup mid-2025.

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 fourth quarter and annual 2023 results: revenue $4.2 billion, net income $424 million, or $2.61 per diluted share, EPS $2.61 per diluted share.

Period: fourth quarter and annual 2023
Revenue: $4.2 billion
Net income: $424 million, or $2.61 per diluted share
EPS: $2.61 per diluted share
Result: reported results

Exact text from the filing

The company reported fourth quarter 2023 net sales of $4.2 billion and net income of $424 million, or $2.61 per diluted share.

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Source: SEC EDGAR

accession 0001104659-24-006167

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