Steel Dynamics (STLD) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline relative to the same quarter last year was larger than the sequential decline.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline relative to the same quarter last year was larger than the sequential decline.
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
-1.3%
Change from the immediately preceding quarter.
Year-over-year
-8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.1B
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, 2023 | $4.6B | -18.8% |
| Dec 31, 2023 | $4.2B | -12.3% |
| Mar 31, 2024 | $4.7B | -4.1% |
| Jun 30, 2024 | $4.6B | -8.8% |
Revenue performance
The reported revenue was lower than the previous quarter, reflecting a modest decline.
Quarterly comparison
Compared to the prior quarter, revenue was slightly lower. Compared to the same quarter a year ago, revenue was substantially lower.
What to watch
The company issued long-term notes in the month following the quarter end, as disclosed in the filing.