STLD Q2 2024 Earnings — Steel Dynamics, Inc. Revenue & Financial Results | Market Cap Arena

STLDSteel Dynamics, Inc.

$27B

Q2 2024 Earnings

Basic Materials Steel

Income Statement

Revenue

$4.6B-8.8% YoY

Gross Profit

$775M16.7% margin

Operating Income

$559M12.1% margin

Net Income

$428M9.2% margin

EPS (Diluted)

$2.72

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

$383M

Free Cash Flow

-$37M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$15.1B

Total Liabilities

$5.9B

Stockholders' Equity

$9.1B

Cash & Equivalents

$830M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.6B	$5.1B	-8.8%
Gross Profit	$775M	$1.3B	-40.7%
Operating Income	$559M	$1.1B	-47.4%
Net Income	$428M	$812M	-47.3%

Revenue Segments

Steel Operations

$2.9B69%

Steel Fabrication Operations

$473M11%

All Other Segments

$441M10%

Metals Recycling and Ferrous Resources Operations

$393M9%

Geographic Segments

U [S]

$4.2B92%

Non Us

$390M8%