---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-037919"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T07:49:16.465536+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics Q1 EPS $1.44, down 63% YoY; record steel shipments 3.5M tons

## Summary
- Net sales $4.4B, net income $217M ($1.44 diluted EPS), down 63% from $584M in Q1 2024.
- Adjusted EBITDA $448M; cash flow from operations $153M after $165M profit-sharing distribution.
- Record steel shipments of 3.5M tons; steel operations operating income $230M, up 39% sequentially.
- Issued $1.0B in unsecured notes (5.250% due 2035, 5.750% due 2055); proceeds for general corporate purposes.
- First aluminum ingot cast at Mississippi mill; expects commercial shipments mid-2025.

## SEC filing metadata
- accession: 0001104659-25-037919
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465925037919/0001104659-25-037919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465925037919/tm2512991d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-037919
- JSON: https://secwatch.observer/filing/0001104659-25-037919.json
- Plain text: https://secwatch.observer/filing/0001104659-25-037919.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.