Steel Dynamics guides Q2 2024 EPS $2.64–$2.68, down from Q1 $3.67 and year-ago $4.81

STEEL DYNAMICS INC

Expected diluted EPS $2.64–$2.68 for Q2 2024, down from Q1 actual $3.67 and Q2 2023 actual $4.81.
Steel operations profitability expected meaningfully lower; lower realized pricing offsets steady shipments, scrap weakness causes buying hesitancy.
Metals recycling earnings expected higher sequentially on stronger ferrous and nonferrous volumes.
Steel fabrication earnings expected in line with Q1; order backlog extends into Q4 2024 with historically strong pricing.
Repurchased $247M of common stock (1.1%) during Q2 through June 10, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.