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

STLD's Net Income Growth by Quarter and Year

Steel Dynamics Inc's Net Income results by quarter and year




STLD Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 639.01 1,095.70 104.28
III Quarter September - 918.48 1,000.16 78.77
II Quarter June 816.18 1,214.65 712.20 190.84
I Quarter March 644.33 1,107.35 438.76 123.72
FY   1,460.51 3,879.49 3,246.82 497.61



STLD Net Income second quarter 2023 Y/Y Growth Comment
Steel Dynamics Inc reported fall in Net Income in the second quarter 2023 by -32.81% to $ 816.18 millions, from the same quarter in 2022.
The drop in the second quarter 2023 Steel Dynamics Inc's Net Income compares unfavorably to the Company's average Net Income doubling of 293.46%.

Looking into second quarter 2023 results within Iron & Steel industry 4 other companies have achieved higher Net Income growth. While Steel Dynamics Inc' s Net Income drop of -32.81% ranks overall at the positon no. 677 in the second quarter 2023.




STLD Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -41.68 % 950.73 % -31.67 %
III Quarter September - -8.17 % 1169.72 % -59.96 %
II Quarter June -32.81 % 70.55 % 273.19 % -6.83 %
I Quarter March -41.81 % 152.38 % 254.64 % -54.15 %
FY   - 19.49 % 552.48 % -39.61 %

Financial Statements
Steel Dynamics Inc's second quarter 2023 Net Income $ 816.18 millions STLD's Income Statement
Steel Dynamics Inc's second quarter 2022 Net Income $ 1,214.65 millions Quarterly STLD's Income Statement
New: More STLD's historic Net Income Growth >>


STLD Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -30.43 % 9.55 % 32.39 %
III Quarter September - -24.38 % 40.43 % -58.72 %
II Quarter June 26.67 % 9.69 % 62.32 % 54.25 %
I Quarter March 0.83 % 1.06 % 320.75 % -18.93 %
FY (Year on Year)   - 19.49 % 552.48 % -39.61 %




Net Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry #5
Basic Materials Sector #52
Overall #677

Net Income Y/Y Growth Statistics
High Average Low
11724.17 % 293.46 % -192.45 %
(Jun 30 2017)   (Dec. 30, 2015)
Net Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry #5
Basic Materials Sector #52
Overall #677
Net Income Y/Y Growth Statistics
High Average Low
11724.17 % 293.46 % -192.45 %
(Jun 30 2017)   (Dec. 30, 2015)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Steel Dynamics Inc's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
5084.39 % 142.54 % -97.52 %
(Mar 31 2017)  


STLD's II. Quarter Q/Q Net Income Comment
Steel Dynamics Inc achieved in the II. Quarter 2023 below company average Net Income jump of 26.67% quarter on quarter, to $ 816.18 millions.

Albeit the II. Quarter 2023 performance was beneath the ordinary of 142.54 %, it has been still promising story, as the current expension, eclipses the 9.69% Net Income rise in the II. Quarter 2022

Within Iron & Steel industry 6 other companies have achieved higher Net Income quarter on quarter growth. While Steel Dynamics Inc's Net Income growth quarter on quarter, overall rank is 517.


Net Income Q/Q Growth Company Ranking
Within: No.
Iron & Steel Industry #7
Basic Materials Sector #46
Overall #517
Net Income Q/Q Growth Company Ranking
Within: No.
Iron & Steel Industry #7
Basic Materials Sector #46
Overall #517
Net Income Q/Q Growth Statistics
High Average Low
5084.39 % 142.54 % -97.52 %
(Mar 31 2017)  


STLD's II. Quarter Q/Q Net Income Comment
Steel Dynamics Inc achieved in the II. Quarter 2023 below company average Net Income jump of 26.67% quarter on quarter, to $ 816.18 millions.

Although the II. Quarter 2023 STLD's Net Income sequential growth was beneath the average , that has been still good story, as the II. Quarter surge, outshines the 9.69% Net Income growth in the same quarter a year ago

Within Iron & Steel industry 6 other companies have achieved higher Net Income quarter on quarter growth. While Steel Dynamics Inc's Net Income growth quarter on quarter, overall rank is 517.


Steel Dynamics Inc's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Net Income 12 Months Ending $ 3,018.00 $ 3,416.47 $ 3,879.49 $ 4,336.18 $ 4,417.86
Y / Y Net Income Growth (TTM) -31.69 % -12.74 % 19.49 % 92.26 % 231.17 %
Year on Year Net Income Growth Overall Ranking # 1608 # 1418 # 878 # 335 # 202
Seqeuential Net Income Change (TTM) -11.66 % -11.94 % -10.53 % -1.85 % 12.83 %
Seq. Net Income Growth (TTM) Overall Ranking # 1608 # 1418 # 878 # 335 # 202




Cumulative Net Income growth Comment
Steel Dynamics Inc's cumulative 12 months Net Income continue to drop, but on the faster rate at -31.69% year on year, at Jun 30 2023 compare to the -12.74% decrease at Mar 31 2023. If the Steel Dynamics Inc's fiscal year would end at Jun 30 2023, annual Net Income would be $3,018 millions.

Among companies within the Basic Materials sector 10 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1418 to 1608.

Net Income TTM Q/Q Growth Statistics
High Average Low
11724.17 %
293.46 %
-192.45 %
(Jun 30 2017)  

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry # 1
Basic Materials Sector # 11
Overall # 112

Net Income TTM Y/Y Growth Statistics
High Average Low
11724.17 %
293.46 %
-192.45 %
(Jun 30 2017)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 60
S&P 500 # 830
Cumulative Net Income growth Comment
Steel Dynamics Inc's cumulative 12 months Net Income continue to drop, but on the faster rate at -31.69% year on year, at Jun 30 2023 compare to the -12.74% decrease at Mar 31 2023. If the Steel Dynamics Inc's fiscal year would end at Jun 30 2023, annual Net Income would be $3,018 millions.

Among companies within the Basic Materials sector 10 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1418 to 1608.

Net Income TTM Q/Q Growth Statistics
High Average Low
11724.17 %
293.46 %
-192.45 %
(Jun 30 2017)  


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry # 1
Basic Materials Sector # 11
Overall # 112

Net Income TTM Y/Y Growth Statistics
High Average Low
11724.17 %
293.46 %
-192.45 %
(Jun 30 2017)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 60
S&P 500 # 830




Other Net Income Growth
Iron & Steel Industry Net Income Growth Trends and Statistics
Basic Materials Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
STLD's Net Income Growth Ratio versus Iron & Steel Industry, Basic Materials Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for STLD's Competitors
Net Income Growth for Steel Dynamics Inc's Suppliers
Net Income Growth for STLD's Customers

You may also want to know
STLD's Annual Growth Rates STLD's Profitability Ratios STLD's Asset Turnover Ratio STLD's Dividend Growth
STLD's Roe STLD's Valuation Ratios STLD's Financial Strength Ratios STLD's Dividend Payout Ratio
STLD's Roa STLD's Inventory Turnover Ratio STLD's Growth Rates STLD's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Jun 30 2023 within Basic Materials SectorY/Y Change %Net Income for the quarter ending Jun 30 2023
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Trex Co Inc-13.36%$ -13.361 millions
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Cabot Corporation-15.09%$ -15.094 millions
Ivanhoe Electric Inc -19.16%$ -19.158 millions
Veritiv Corporation-21.17%$ -21.169 millions
Northwest Pipe Co -23.00%$ -23.002 millions
Freeport mcmoran Inc -29.58%$ -29.576 millions
Friedman Industries Inc-31.24%$ -31.243 millions
Reliance Steel and Aluminum Co-32.69%$ -32.689 millions
Packaging Corp Of America-32.77%$ -32.769 millions
Steel Dynamics Inc-32.81%$ -32.806 millions
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