• Skip to main content

    Market Segment

    July 17, 2024

    SDI Q2 earnings fall, but 'pivot point to the upside' seen for prices

    Written by Ethan Bernard

    Steel Dynamics Inc. (SDI)

    Second quarter ended June 3020242023% Change
    Net sales$4,632.6$5,081.6-8.8%
    Net earnings$428.0$812.1-47.3%
    Per diluted share$2.72$4.81-43.5%
    Six months ended June 30
    Net sales$9,326.6$9,974.8-6.5%
    Net earnings$1,012.0$1,449,4-30.2%
    Per diluted share$6.39$8.49-32.8%
    (in millions of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

    Latest in Market Segment