secwatch.observer — SEC 8-K summary
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Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001104659-24-080714
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924080714/0001104659-24-080714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924080714/tm2419718d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-080714

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