STLD Q2 2023 Earnings — Steel Dynamics, Inc. Revenue & Financial Results | Market Cap Arena

STLDSteel Dynamics, Inc.

$27B

Q2 2023 Earnings

Basic Materials Steel

Income Statement

Revenue

$5.1B-18.2% YoY

Gross Profit

$1.3B25.7% margin

Operating Income

$1.1B20.9% margin

Net Income

$812M16.0% margin

EPS (Diluted)

$4.81

QoQ Revenue Growth

+3.9%

Cash Flow

Operating Cash Flow

$808M

Free Cash Flow

$450M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$14.6B

Total Liabilities

$5.9B

Stockholders' Equity

$8.7B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.1B	$6.2B	-18.2%
Gross Profit	$1.3B	$1.9B	-30.6%
Operating Income	$1.1B	$1.6B	-34.3%
Net Income	$812M	$1.2B	-32.9%

Revenue Segments

Steel Operations

$3.1B69%

Steel Fabrication Operations

$779M17%

Metals Recycling and Ferrous Resources Operations

$369M8%

All Other Segments

$260M6%

Geographic Segments

U [S]

$4.5B89%

Non Us

$550M11%