Steel Dynamics Q4 net income falls to $207 million, $1.36 per share
Steel Dynamics reported fourth quarter 2024 net sales of $3.9 billion and net income of $207 million, or $1.36 per diluted share, down from $424 million, or $2.61 per diluted share, a year earlier. For full-year 2024, net income was $1.5 billion, or $9.84 per diluted share, compared with $2.5 billion, or $14.64, in 2023, which matters to shareholders because lower earnings reduce the cash available for dividends and buybacks.
Key points
- Q4 2024 net sales were $3.9 billion, versus $4.2 billion in Q4 2023.
- Q4 2024 net income was $207 million, or $1.36 per diluted share, versus $424 million, or $2.61, in Q4 2023.
- Full-year 2024 net income was $1.5 billion, or $9.84 per diluted share, versus $14.64 in 2023; the company repurchased $1.2 billion of stock, six percent of outstanding shares.
- Sinton Texas Flat Roll Steel Division posted a $58 million operating loss in Q4 2024; the company expects positive operating income contributions beginning in the first half of 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.