Steel Dynamics Q1 net income $584M, adj. EBITDA $879M; raises dividend 8%

STEEL DYNAMICS INC

2024-Q1 EPS reported $3.67 revenue$4,694,003,000

Q1 net income $584M ($3.67 diluted EPS); adjusted EBITDA $879M; net sales $4.7B.
Steel shipments 3.3M tons (near-record); steel op income $675M, up 85% sequentially.
Dividend increased 8% in Q1; $298M share repurchases (1.5% of outstanding shares).
Cash from ops $355M after $265M profit-sharing; liquidity $3.1B.
Guidance: strong domestic steel consumption in 2024; new coating lines starting Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

STEEL DYNAMICS INC reported first quarter 2024 results: revenue $4.7 billion, net income $584 million, EPS $3.67 per diluted share.

Period: first quarter 2024
Revenue: $4.7 billion
Net income: $584 million
EPS: $3.67 per diluted share
Result: reported results

Exact text from the filing

Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2024 financial results. The company reported first quarter 2024 net sales of $4.7 billion and net income of $584 million, or $3.67 per diluted share.

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Source: SEC EDGAR

accession 0001104659-24-051064

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