Steel Dynamics reported Q3 2024 net sales of $4.3 billion, operating income of $395 million, and net income of $318 million ($2.05 per diluted share). Net income was $428 million in the prior Q2, and $577 million in the year-earlier period.

1. 01

   Steel Dynamics reported Q3 2024 net sales of $4.3 billion, operating income of $395 million, and net income of $318 million ($2.05 per diluted share). Net income was $428 million in the prior Q2, and $577 million in the year-earlier period.

2. 02

   The company said operating income for its steel segment in Q3 was $305 million, lower than the prior quarter. Average external selling price fell $79 per ton from the prior quarter to $1,059, and average ferrous scrap cost per ton fell $21 to $367.

3. 03

   The company reported operating cash flow of $760 million in Q3 and said it spent $621 million on capital investments and returned $381 million to shareholders through cash dividends and share repurchases in the same quarter. As of September 30, liquidity was $3.1 billion.

4. 04

   The company said net sales for 2024 January–September decreased 6% to $13.7 billion, and operating income declined 35% to $1.7 billion. It cited lower volumes and pricing in its steel and steel fabrication operations as the reasons for the decline in earnings.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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