Steel Dynamics Q2 net income $428M ($2.72 EPS) down 47% YoY from $812M ($4.81 EPS)

STEEL DYNAMICS INC

2024-Q2 EPS reported $6.39 revenue$9,326,637,000

Net sales $4.6B, operating income $559M, adjusted EBITDA $686M; steel shipments 3.2M tons.
Steel operations OP $442M; avg selling price $1,138/ton (-$63 qoq); scrap cost $388/ton (-$29 qoq).
Fabrication OP $181M (steady qoq) with backlog through Q4; recycling OP up 42% to $32M.
Share repurchases $309M in Q2 (1.5% of shares); liquidity $2.7B; cash from ops $383M.
Co. sees steel pricing pivot point; Sinton mill ramp to 75% utilization H2; aluminum mill target mid-2025.

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.