secwatch.observer — SEC 8-K summary
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Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001104659-24-109422
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steel Dynamics Q3 net income $318M ($2.05 EPS), down from $577M a year ago
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- Net sales $4.3B, net income $318M ($2.05 diluted EPS) vs $428M ($2.72) in Q2 2024 and $577M ($3.47) in Q3 2023.
- Steel shipments 3.2M tons; steel ops operating income $305M, fabrication $166M, metals recycling $12M.
- Cash flow from operations $760M; liquidity $3.1B; share repurchases $310M (1.6% of shares).
- Adjusted EBITDA $557M; management expects steel pricing recovery with lower rates and infrastructure demand.
- Aluminum flat-rolled mill construction on track to begin operations mid-2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924109422/0001104659-24-109422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465924109422/tm2426355d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-109422

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