Steel Dynamics (STLD) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline continued a pattern of sequential decreases that began in earlier quarters of the same reporting period.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline continued a pattern of sequential decreases that began in earlier quarters of the same reporting period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
-7.7%
Change from the immediately preceding quarter.
Year-over-year
-12.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.8B
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 |
|---|---|---|
| Mar 31, 2023 | $4.9B | -9.6% |
| Jun 30, 2023 | $5.1B | -18.2% |
| Sep 30, 2023 | $4.6B | -18.8% |
| Dec 31, 2023 | $4.2B | -12.3% |
Revenue performance
The reported revenue was lower than the prior quarter, reflecting a contraction in the company's top line.
Quarterly comparison
Relative to the preceding quarter, revenue declined, and it also declined compared with the same quarter a year ago.
What to watch
The company's long-term debt to capitalization ratio improved from the prior year, while total outstanding debt remained consistent with the prior year.