secwatch.observer — SEC 8-K summary
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Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001104659-24-006167
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924006167/0001104659-24-006167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924006167/tm244011d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-006167

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