Steel Dynamics (STLD) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased from the immediately preceding quarter, reversing a prior decline. However, it decreased compared with the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased from the immediately preceding quarter, reversing a prior decline. However, it decreased compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
-9.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.2B | +39.5% |
| Sep 30, 2022 | $5.7B | +11.2% |
| Dec 31, 2022 | $4.8B | -9.6% |
| Mar 31, 2023 | $4.9B | -9.6% |
Revenue performance
The reported revenue was higher than the preceding quarter, but lower than the same quarter a year ago.
Quarterly comparison
Sequentially, revenue improved after a period of decline, though the year-over-year comparison remained negative.
What to watch
The sustainability of the sequential revenue growth will be a key focus in the upcoming quarters.