Steel Dynamics (STLD) Revenue — Quarter Ended Sep 30, 2023
Revenue declined sequentially and fell significantly compared with the same quarter last year. The current quarter's figure was the lowest among the trailing four quarters shown.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined sequentially and fell significantly compared with the same quarter last year. The current quarter's figure was the lowest among the trailing four quarters shown.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
-9.7%
Change from the immediately preceding quarter.
Year-over-year
-18.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.4B
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 |
|---|---|---|
| Dec 31, 2022 | $4.8B | -9.6% |
| Mar 31, 2023 | $4.9B | -9.6% |
| Jun 30, 2023 | $5.1B | -18.2% |
| Sep 30, 2023 | $4.6B | -18.8% |
Revenue performance
The reported revenue moved lower from the immediate prior quarter, continuing a downward trend observed in recent periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was markedly lower. The sequential decline also widened versus the prior quarter's year-over-year comparison.
What to watch
Revenue has decreased for several consecutive quarters, and further directional changes warrant attention.