Steel Dynamics Q1 2025 net income falls to $217 million, EPS $1.44 from $3.67
Steel Dynamics reported first quarter 2025 net sales of $4.4 billion and net income of $217 million, or $1.44 per diluted share, compared with $584 million, or $3.67 per share, a year earlier. Results rose from the fourth quarter of 2024, when net income was $207 million, or $1.36 per diluted share, and the company cited record steel shipments of 3.5 million tons. Shareholders face lower year-over-year profit, while the filing also reports $250 million of share repurchases and a 9 percent cash dividend increase.
Key points
- Net sales were $4.4 billion, versus $4.69 billion in the first quarter of 2024 and $3.87 billion in the fourth quarter of 2024.
- Operating income was $275 million, versus $751 million a year earlier.
- Share repurchases totaled $250 million, and the first quarter 2025 cash dividend rose 9 percent.
- The company issued $1.0 billion of unsecured notes on March 12, 2025, with net proceeds for general corporate purposes, which may include repaying $400 million of notes due June 2025.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing 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 April 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.