secwatch.observer — SEC 8-K summary
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Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001104659-24-100466
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steel Dynamics guides Q3 EPS $1.94-$1.98, down from $2.72 Q2 and $3.47 YoY
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- Q3 2024 diluted EPS guidance $1.94-$1.98; Q2 2024 EPS was $2.72, Q3 2023 was $3.47.
- Steel operations profitability meaningfully lower due to lower flat-rolled pricing; 80% of flat-rolled contract-based tied to lagging indices.
- Metals recycling earnings expected comparable to Q2; steel fabrication moderately lower with steady backlog into Q1 2025 at attractive pricing.
- Company repurchased $307M (2% of common stock) during Q3 through Sept 11, 2024.
- Underlying steel demand steady; expects improved volumes in 2025 on lower rates, infrastructure program, onshoring.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924100466/0001104659-24-100466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924100466/tm2424195d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-100466

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