Steel Dynamics Q2 net income $299 million, down from $428 million a year earlier
Steel Dynamics reported second quarter 2025 net sales of $4.6 billion and net income of $299 million, or $2.01 per diluted share, in a press release furnished under Item 2.02. Results rose from the first quarter's $217 million but fell from $428 million in the year-earlier quarter, as the company cited steel pricing stabilizing at higher levels and hesitant customer orders tied to trade policy uncertainty.
Key points
- Q2 2025 net income was $299 million, or $2.01 per diluted share, versus $217 million, or $1.44 per share, in Q1 2025 and $428 million, or $2.72 per share, in Q2 2024.
- Adjusted EBITDA was $533 million, compared with $686 million in the prior-year second quarter.
- Company repurchased $200 million of common stock and repaid $400 million of senior notes during the quarter, with liquidity of $1.9 billion as of June 30, 2025.
- The first aluminum flat rolled coils shipped June 16, 2025; the company expects to exit 2025 at a 40 to 50 percent utilization rate.
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 July 22, 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.