SDI Announced Record Steel Shipments in Q1 2025

The operating income in Q1 2025 was $275 million.

SEATTLE (Scrap Monster): Fort Wayne, Indiana-headquartered Steel Dynamics, Inc. (SDI) reported financial results for the first quarter of 2025.

The business reported $4.4 billion in net revenues for the first quarter of 2025. $217 million, or $1.44 per diluted share, was the net income for the quarter. This contrasts with the first quarter net income of the previous year, which was $584 million, or $3.67 per diluted share, and the consecutive fourth quarter 2024 net income of $207 million, or $1.36 per diluted share. $275 million was the operating income for the first quarter of 2025.

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SDI reported cash flow from operations of $153 million and adjusted EBITDA of $448 million, which was 21% more than the previous quarter. The corporation had $2.6 billion in liquidity as of March 31, 2025.

Regarding the view for the future, the business stated that the market is set up for strong domestic steel consumption through 2025 and the years that follow. It is anticipated that fewer imports and increased demand for steel products made in the United States will support steel demand and prices.

According to Chairman and CEO Mark D. Millett, record steel shipments and strong outcomes from steel fabrication and metals recycling activities were the primary drivers of the increased earnings. He noted that it anticipates reaping the rewards of rising steel prices in the upcoming months.

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