Steel Dynamics (STLD) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared with the immediately preceding period, but declined relative to the same quarter one year earlier. The sequential improvement reflects a rebound from the prior quarter's level, while the year-over-year decrease indicates a contraction from the prior year's higher base.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared with the immediately preceding period, but declined relative to the same quarter one year earlier. The sequential improvement reflects a rebound from the prior quarter's level, while the year-over-year decrease indicates a contraction from the prior year's higher base.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
+3.9%
Change from the immediately preceding quarter.
Year-over-year
-18.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.5B
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 |
|---|---|---|
| Sep 30, 2022 | $5.7B | +11.2% |
| Dec 31, 2022 | $4.8B | -9.6% |
| Mar 31, 2023 | $4.9B | -9.6% |
| Jun 30, 2023 | $5.1B | -18.2% |
Revenue performance
The reported revenue rose from the previous quarter, reversing the prior sequential decline, yet remained below the level achieved in the same quarter a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased, signaling a sequential upturn. However, compared with the same quarter one year earlier, revenue was lower, reflecting a year-over-year contraction.
What to watch
Monitor whether the sequential revenue recovery can sustain in the coming quarters given the persistent year-over-year decline.