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Steel Dynamics Q2 2024 Earnings Report

Steel Dynamics logo
$115.69 +0.40 (+0.35%)
(As of 12/20/2024 05:31 PM ET)

Steel Dynamics EPS Results

Actual EPS
$2.72
Consensus EPS
$2.67
Beat/Miss
Beat by +$0.05
One Year Ago EPS
$4.81

Steel Dynamics Revenue Results

Actual Revenue
$4.63 billion
Expected Revenue
$4.43 billion
Beat/Miss
Beat by +$198.22 million
YoY Revenue Growth
-8.80%

Steel Dynamics Announcement Details

Quarter
Q2 2024
Time
After Market Closes

Conference Call Resources

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About Steel Dynamics

Steel Dynamics (NASDAQ:STLD), together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, and governmental entities, as well as e-commerce warehouses, data centers, metal buildings, and education and commercial building projects. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

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