Steel Dynamics (STLD) FY2024 10-K Annual Report
Steel Dynamics (STLD) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Steel Dynamics FY2024 10-K Analysis
Business Overview
- • Core business model: Integrated steel production, metals recycling, and steel fabrication serving construction, automotive, industrial, and energy sectors
- • New Aluminum Operations segment emphasized in 2024, including a $2.7 billion investment in a lower-carbon recycled aluminum flat rolled products mill and slab centers, expected operational mid to late 2025
Management Discussion & Analysis
- • Revenue $17.54B, down 7% YoY from $18.80B, driven by Steel (-4%) and Steel Fabrication (-37%)
- • Operating income $1.94B, down 38% YoY from $3.15B; Steel margin 12.6% vs 14.4%, Fabrication margin 37.6% vs 56.7%
Risk Factors
- • Pricing pressure from imports of coated flat rolled steel impacting domestic flat rolled steel segment
- • Non-residential construction market boost driving historically strong steel fabrication volumes and prices
Steel Dynamics FY2024 Key Financial MetricsXBRL
Revenue
$17.5B
▼ -6.7% YoY
Net Income
$1.5B
▼ -37.3% YoY
Gross Margin
16.0%
▼ -555bp YoY
Operating Margin
11.1%
▼ -569bp YoY
Net Margin
8.8%
▼ -428bp YoY
ROE
17.2%
▼ -1044bp YoY
Total Assets
$14.9B
▲ +0.2% YoY
EPS (Diluted)
$9.84
▼ -32.8% YoY
Operating Cash Flow
$1.8B
▼ -47.6% YoY
Source: XBRL data from Steel Dynamics FY2024 10-K filing on SEC EDGAR. All figures in USD.
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