Financial Performance - In Q4 2024, the company reported net sales of 3.9billionandnetincomeof207 million, translating to 1.36perdilutedshare,adeclinefromQ32024′snetincomeof318 million or 2.05perdilutedshare,andfromQ42023′snetincomeof424 million or 2.61perdilutedshare[1][5][8]−Forthefullyear2024,netsalestotaled17.5 billion, with net income of 1.5billionor9.84 per diluted share, compared to 18.8billioninnetsalesand2.5 billion in net income or 14.64perdilutedsharein2023,markinga71.6 billion from steel operations, despite facing pricing pressures due to increased steel imports [4][10] - The metals recycling operations reported an operating income of 77million,demonstratingresiliencedespiteachallengingpricingenvironment[4][6]MarketDynamics−Domesticsteeldemandremainedstablein2024,supportedbysectorssuchasconstruction,automotive,industrial,andenergy,althoughimportsofcoatedflatrolledsteelsincreased,impactingsupplyandpricing[3][12]−Thecompanyanticipatesadeclineinunfairlytradedsteelimportsin2025,which,combinedwithsteadyNorthAmericansteeldemand,isexpectedtocreateafavorablecommercialenvironment[3][13]StrategicInvestments−Thecompanyinvested1.9 billion in organic growth initiatives and maintained strong liquidity of 2.2billionasofDecember31,2024,whilealsorepurchasing1.2 billion of its common stock [2][12] - New value-added flat rolled steel coating lines that began operating in 2024 are expected to enhance production capabilities and contribute to higher-margin product offerings [14][15] Future Outlook - The company is optimistic about market dynamics supporting increased demand across its operations in 2025, with stabilized steel pricing and a positive customer outlook [13][16] - The ongoing onshoring of manufacturing and significant public funding for infrastructure projects are expected to bolster demand for steel products [13][15]
Steel Dynamics(STLD) Prnewswire·2025-01-22 22:00