Steel dynamics reports first quarter 2024 results

Fort wayne, ind. , april 23, 2024 /prnewswire/ -- first quarter 2024 performance highlights: steel shipments of 3.3 million tons net sales of $4.7 billion, operating income of $751 million, net income of $584 million, and adjusted ebitda of $879 million cash flow from operations of $355 million, which was reduced by the annual companywide profit-sharing contribution of $265 million in the quarter strong liquidity of $3.1 billion as of march 31, 2024 share repurchases of $298 million of the company's common stock, representing 1.5 percent of its outstanding shares first quarter 2024 cash dividend increase of 8 percent steel dynamics, inc. (nasdaq/gs: stld) today announced first quarter 2024 financial results.
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