Steel Dynamics (STLD) Revenue — Quarter Ended Mar 31, 2024
Revenue for the latest quarter rose compared with the preceding quarter, but fell relative to the same quarter one year earlier. The sequential increase reversed a pattern of declines seen in recent periods.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the latest quarter rose compared with the preceding quarter, but fell relative to the same quarter one year earlier. The sequential increase reversed a pattern of declines seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
+10.9%
Change from the immediately preceding quarter.
Year-over-year
-4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.6B
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, 2023 | $5.1B | -18.2% |
| Sep 30, 2023 | $4.6B | -18.8% |
| Dec 31, 2023 | $4.2B | -12.3% |
| Mar 31, 2024 | $4.7B | -4.1% |
Revenue performance
The company reported revenue growth from the immediately preceding quarter, marking a turnaround from prior periods.
Quarterly comparison
Compared with the same quarter a year ago, revenue was lower, reflecting a year-over-year contraction.
What to watch
The sustainability of the sequential revenue recovery will be a key focus in the coming quarters.