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Steel Dynamics Inc   (STLD)
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    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials


 

Steel Dynamics Inc

STLD's Financial Statements and Analysis



Steel Dynamics Inc reported in the first quarter of 2024 net earnings per share of $3.67 a decrease by -0.81 % year on year from $3.70 and an improvement of 39.64 % from $2.63 realized in IV. Quarter (Dec 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 3.67 $  4,694 Mill
$-0.03     -0.81 % $-199M     -4.08 %



Steel Dynamics Inc 's Revenue fell by -4.08 % in first quarter of 2024 (Mar 31 2024) year on year, to $4,694 million and advanced by 10.89 % sequentially.


Steel Dynamics Inc is

More on STLD's Income Statement



Steel Dynamics Inc 's net income of $587.500 million in the first quarter of 2024 decreased by -8.82 % from net earnings of $644.333 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 37.57 % from net income of $427.040 million realized in previous quarter.

More on STLD's Growth



Steel Dynamics Inc Inventories
Inventories grew by 1.28 % to $3,027 million from I. Quarter a year ago, sequentially inventories rose by 4.58 %. In Mar 31 2024 company's net cash and cash equivalents decreased by $-362 million, capital expenditures fell by -226.31965.39%, to $-374 millions compare to same quarter a year ago

More on STLD's Cash flow Statement


Steel Dynamics Inc payed out dividend of $1.74 per share in last 52 weeks representing 11.93 % of net earning per share in trailing twelve-month period.

During the same period Steel Dynamics Inc earned $ 19.71 cash per share, on a free-cash flow basis 135.21 % of net earning per share.

Book value grew by 7.58 % sequentially to $55.70 per share, 59.16% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 51.14 per share from $ 47.39.

Company repurchased 8.06 million shares or 4.81 % in Mar 31 2024.
Interest Coverage Ratio was 48.56. Debt Coverage Ratio was 1.04.

More on STLD's Dividends

 Market Capitalization (Millions) 20,577
 Shares Outstanding (Millions) 159
 Total Debt (Millions $) 3,038
 Revenue (TTM) (Millions $) 18,595
 Net Income (TTM) (Millions $) 2,411
 Cash Flow (TTM) (Millions $) -566
 Capital Exp. (TTM) (Millions $) -1,806
 Dividend TTM ($) 1.74 $
 Dividend Yield TTM (%) 1.42 %
 Employees (TTM) $ 10,640




Steel Dynamics Inc payed out dividend of $1.74 per share in the last 52 weeks representing 11.93 % of net earning per share in trailing twelve-month period.

During the same period Steel Dynamics Inc had $ 19.71 cash flow per share, on a free-cash flow basis 135.21 % of net earning per share.

Book value grew by 7.58 % sequentially to $55.70 per share, 59.16% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 51.14 per share from $ 47.39.

Company repurchased 8.06 million shares or 4.81 % in Mar 31 2024.
Interest Coverage Ratio was 48.56. Debt Coverage Ratio was 1.04.

More on STLD's Balance Sheets

 Market Capitalization (Millions) 20,577
 Shares Outstanding (Millions) 159
 Total Debt (Millions $) 3,038
 Revenue (TTM) (Millions $) 18,595
 Net Income (TTM) (Millions $) 2,411
 Cash Flow (TTM) (Millions $) -566
 Capital Exp. (TTM) (Millions $) -1,806
 Dividend TTM ($) 1.74 $
 Dividend Yield TTM (%) 1.42 %
 Employees (TTM) $ 10,640
   


  News about Steel Dynamics Inc Earnings

Steel Dynamics Inc faces a slight revenue slide in the most recent fiscal period

Steel Dynamics Inc (NASDAQ: STLD) has reported a decrease in earnings for the most recent fiscal period, with profits declining by 0.81% to $3.67 per share and revenue dropping by 4.075% to $4.69 billion on a year-on-year basis. However, looking at the previous reporting season, revenue increased by 10.886% to $4.23 billion, and profits grew by an impressive 39.64% to $2.63 per share. The bottom-line for the most recent fiscal period also experienced a decline, falling by 8.82% to $587.500 million compared to the corresponding period a year before.
Examining Steel Dynamics Inc's profitability in the most recent fiscal period, the operating margin decreased to 16% and the net margin shrank to 12.52%. Oper...

Steel Dynamics Inc. Struggles with Revenue Decline in Fourth Quarter of 2023

In the fourth quarter of 2023 financial repo...

Steel Dynamics Inc Faces Bleak Future as Revenue Plummets by 18.8% and Earnings per Share Drop by 31.01% in Q3 2023



In the third quarter of 2023, Steel Dynamics Inc (STLD) reported discouraging financial results, with both revenue and earnings per share (EPS) witnessing significant drops. The company's challenges are reflected in a -18.838% decline in revenue, which amounted to $4.59 billion compared to $5.65 billion in the same period of the previous year. Furthermore, EPS plunged by -31.01%, falling to $3.47 from $5.03. These figures indicate a challenging business environment for STLD and raise concerns about its future performance.
Quarterly Performance:
Compared to the preceding fiscal period, the company's income contracted by -27.86% from $4.81 per share, and revenue deteriorated by -9.733% from $...

Steel Dynamics Inc Rebounds with Resilience, Tackles Financial Challenges Head-On in Q2 2023



The Iron and Steel industry plays a vital role in the global economy, influencing various sectors ranging from construction to manufacturing. Investors are always keenly observing the financial performance of key players in this sector. In the second quarter of 2023, Steel Dynamics Inc announced their financial results, which saw a decline in both the top and bottom line. Let's delve into the interesting facts of their earnings report and analyze the implications for the stock market.
Revenue and Net Profit:
In Q2 2023, Iron and Steel company experienced a significant decline in revenue, dropping by 18.208% year on year to $5.08 billion. This decline accounted for a decrease of $1.13 billio...

Steel Dynamics Inc. Battles a Challenging Business Landscape with a Steep -12.149% Revenue Decrease in Q1 2023

Steel Dynamics Inc is one of the leading steel producers in the United States. Founded in 1993, the company has become a prominent player in the iron and steel industry, catering to various markets such as automotive, construction, manufacturing, and others. Steel Dynamics is known for its innovative production methods, state-of-the-art technologies, and eco-friendly initiatives, making it a preferred choice among its customers.
However, the recent earnings report of the company is not favorable. The soft top and bottom-line of Steel Dynamics in the most recent fiscal period, ending in the first quarter of 2023, has raised concerns among investors and analysts. The company announced a drop in revenue by ...


Date modified: 2024-05-11T09:03:01+00:00





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