Steel Dynamics (STLD) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed in the prior quarter.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3B
Revenue reported for this quarter.
Quarter-over-quarter
-6.3%
Change from the immediately preceding quarter.
Year-over-year
-5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.9B
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, 2023 | $4.2B | -12.3% |
| Mar 31, 2024 | $4.7B | -4.1% |
| Jun 30, 2024 | $4.6B | -8.8% |
| Sep 30, 2024 | $4.3B | -5.4% |
Revenue performance
Reported revenue was lower than the prior quarter, marking the second consecutive quarterly decline. The year-over-year comparison also showed a decrease.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue also decreased.
What to watch
Monitor whether the revenue decline persists in the upcoming quarter.