Steel Dynamics Reports Fourth Quarter and Annual 2024 Results

Annual 2024 Performance Highlights:
Second highest steel shipments of 12.7 million tons
Net sales of $17.5 billion, operating income of $1.9 billion, and net income of $1.5 billion
Adjusted EBITDA of $2.5 billion and cash flow from operations of $1.8 billion
Strong liquidity of $2.2 billion as of December 31, 2024
Share repurchases of $1.2 billion of the company’s common stock, representing six percent of its outstanding shares
Strong after-tax return-on-invested-capital of 23 percent for the three-year period ended December 31, 2024

Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced fourth quarter and annual 2024 financial results. The company reported fourth quarter 2024 net sales of $3.9 billion and net income of $207 million, or $1.36 per diluted share. Comparatively, the company’s sequential third quarter 2024 net income was $318 million, or $2.05 per diluted share, and prior year fourth quarter net income was $424 million, or $2.61 per diluted share.