Company Operations Products Sustainability Investors Resources Employee Login Careers FAQ Home Supplemental Financial Information Advisory Information Corporate Profile News Library Email Distribution Supplemental Financial Information Investor Overview Investor Presentations Conference Calls Corporate Governance Analysts SEC Filings Annual Reports Annual Meeting SDI Stockholder Information Company News Nov 19, 2021 Steel Dynamics Recognized as the 2021 Steel Producer of the Year at the Fastmarkets Global Awards for Steel Excellence Learn More Nov 19, 2021 Steel Dynamics Announces Fourth Quarter 2021 Cash Dividend Learn More Nov 4, 2021 Steel Dynamics Named One of World's Best Employers by Forbes Learn More Download Complete Document Supplemental Quarterly Information (dollars in thousands) 2021 1Q 2021 2Q 2021 3Q 2021 External Net Sales Steel $2,510,684 $3,234,519 $3,667,718 Fabrication 256,985 330,852 493,804 Metals Recycling 470,007 575,700 587,091 Other 306,921 324,237 339,675 Consolidated $3,544,597 $4,465,308 $5,088,288 Operating Income Steel $641,439 $1,017,024 $1,350,736 Fabrication 9,895 28,450 89,430 Metals Recycling 53,933 50,965 46,985 Operations 705,267 1,096,439 1,487,151 Non-cash amortization of intangible assets (7,438) (7,438) (7,178) Profit sharing expense (48,848) (82,140) (113,880) Non-segment operations (54,782) (51,126) (44,048) Non-cash asset impairment charges - - - Consolidated Operating Income $594,199 $955,735 $1,322,045 Adjusted EBITDA Net income $438,755 $715,598 $1,000,159 Income taxes 128,104 215,200 302,406 Net interest expense 16,815 14,604 12,434 Depreciation 77,888 78,015 78,631 Amortization of intangible assets 7,438 7,438 7,178 Noncontrolling interest (a) (8,422) (9,665) (9,928) EBITDA 660,578 1,021,190 1,390,880 Non-cash adjustments Unrealized hedging (gain) loss (6,852) 1,305 6,355 Inventory valuation 109 144 141 Equity-based compensation 10,210 9,808 9,917 Asset impairment charges - - - Refinancing charges - - - Adjusted EBITDA $664,045 $1,032,447 $1,407,293 Trailing Twelve Months Adjusted EBITDA $1,483,843 $2,298,294 $3,468,264 Other Operating Information Steel Average external sales price (Per ton) (b) $1,041 $1,292 $1,550 Average ferrous cost (Per ton melted) (c) $372 $439 $489 Flat Roll shipments Butler and Columbus Flat Roll divisions 1,496,531 1,512,530 1,442,783 Steel Processing divisions(d) 422,850 410,596 415,254 Long Product shipments Structural and Rail Division 478,687 497,079 497,016 Engineered Bar Products Division 200,628 205,205 204,429 Roanoke Bar Division 136,420 175,390 151,751 Steel of West Virginia 87,158 90,476 92,338 Total Shipments (Tons) 2,822,274 2,891,276 2,803,571 External Shipments(Tons) (b) 2,410,817 2,504,007 2,366,928 Steel Mill Production (Tons) 2,476,939 2,443,314 2,528,480 Metals Recycling Nonferrous shipments (000's of pounds) 280,809 266,859 271,325 Ferrous shipments (Gross tons) 1,395,843 1,400,447 1,371,126 External ferrous shipments (Gross tons) 437,182 520,726 475,567 Steel Fabrication Average sales price (Per ton) $1,406 $1,753 $2,339 Shipments (Tons) 184,243 189,180 211,197 (a) Net of income tax expense(benefit) on noncontrolling interest. (b) Represents all steel operations (c) Represents ferrous cost per ton melted at our six electric arc furnace steel mills (d) Includes Heartland, The Techs, and United Steel Supply operations 2020 1Q 2020 2Q 2020 3Q 2020 4Q 2020 External Net Sales Steel $1,941,706 $1,628,027 $1,696,530 $1,870,841 Fabrication 220,936 215,250 241,538 217,977 Metals Recycling 291,856 156,583 272,463 347,022 Other 120,602 94,445 120,301 165,405 Consolidated $2,575,100 $2,094,305 $2,330,832 $2,601,245 Operating Income Steel $292,746 $172,395 $143,573 $297,682 Fabrication 29,204 27,196 39,272 25,067 Metals Recycling 8,326 (5,918) 15,467 27,035 Operations 330,276 193,673 198,312 349,784 Non-cash amortization of intangible assets (7,191) (7,190) (6,946) (7,672) Profit sharing expense (21,454) (9,092) (11,778) (19,404) Non-segment operations (27,945) (18,541) (23,732) (44,549) Non-cash asset impairment charges - - - (19,409) Consolidated Operating Income $273,686 $158,850 $155,856 $258,750 Adjusted EBITDA Net income $190,836 $78,765 $104,277 $196,950 Income taxes 57,420 24,280 29,083 23,867 Net interest expense 21,790 25,849 18,401 19,853 Depreciation 71,733 70,116 73,364 75,787 Amortization of intangible assets 7,191 7,190 6,946 7,672 Noncontrolling interest(d) (3,496) (3,270) (4,133) (2,352) EBITDA 345,474 202,930 227,938 321,777 Non-cash adjustments Unrealized hedging (gain) loss (1,262) (208) 915 2,629 Inventory valuation 859 258 47 1,078 Equity-based compensation 10,812 9,519 9,487 18,746 Asset impairment charges - - - 19,409 Refinancing charges - 4,907 - 3,059 Adjusted EBITDA $355,883 $217,406 $238,387 $366,698 Trailing Twelve Months Adjusted EBITDA $1,306,489 $1,158,470 $1,082,082 $1,178,374 Other Operating Information Steel Average external sales price (Per ton) (a) $774 $755 $734 $814 Average ferrous cost (Per ton melted) (b) $267 $266 $259 $279 Flat Roll shipments Butler and Columbus Flat Roll divisions 1,584,264 1,358,473 1,499,873 1,447,125 Steel Processing divisions (c) 405,981 418,837 460,854 413,756 Long Product shipments Structural and Rail Division 434,882 400,150 393,519 435,364 Engineered Bar Products Division 189,801 137,386 138,948 164,735 Roanoke Bar Division 140,222 125,104 113,898 126,163 Steel of West Virginia 92,032 78,069 75,594 83,303 Total Shipments (Tons) 2,847,182 2,518,019 2,682,686 2,670,446 External Shipments (Tons) (a) 2,495,164 2,152,856 2,310,004 2,299,310 Steel Mill Production (Tons) 2,535,233 2,132,167 2,320,134 2,273,273 Metals Recycling Nonferrous shipments (000's of pounds) 272,078 166,914 267,338 271,552 Ferrous shipments (Gross tons) 1,192,144 802,070 1,256,351 1,341,316 External ferrous shipments (Gross tons) 393,651 197,970 369,576 446,233 Steel Fabrication Average sales price (Per ton) $1,356 $1,364 $1,375 $1,351 Shipments (Tons) 163,312 160,168 179,375 162,825 (a) Represents all steel operations (b) Represents ferrous cost per ton melted at our six electric arc furnace steel mills (c) Includes Heartland, The Techs, and United Steel Supply locations (d) Year and quarter ended December 31, 2020, net of income tax effect of $6,755 2019 1Q 2019 2Q 2019 3Q 2019 4Q 2019 External Net Sales Steel $2,124,570 $2,106,350 $1,922,528 $1,771,398 Fabrication 228,480 241,424 246,078 246,173 Metals Recycling 351,137 323,100 280,908 242,862 Other 113,248 99,641 77,331 110,058 Consolidated $2,817,435 $2,770,515 $2,526,845 $2,370,491 Operating Income Steel $312,437 $294,769 $239,587 $201,266 Fabrication 20,663 30,706 35,321 32,573 Metals Recycling 19,958 10,614 2,894 (5,251) Operations 353,058 336,089 277,802 228,588 Non-cash amortization of intangible assets (7,013) (7,013) (6,704) (8,847) Profit sharing expense (23,677) (22,871) (17,848) (13,633) Non-segment operations (30,526) (21,173) (25,205) (24,147) Consolidated Operating Income $291,842 $285,032 $228,045 $181,961 Adjusted EBITDA Net income $204,827 $196,746 $152,608 $123,719 Income taxes 62,236 60,214 48,643 26,344 Net interest expense 24,017 25,598 24,107 25,355 Depreciation 71,846 72,585 71,456 70,314 Amortization of intangible assets 7,013 7,013 6,704 8,847 Noncontrolling interest (499) (2,444) (1,560) (2,294) EBITDA 369,440 359,712 301,958 252,285 Non-cash adjustments Unrealized hedging (gain) loss 1,742 (3,719) 3,697 589 Inventory valuation 241 351 278 352 Equity-based compensation 10,619 9,080 8,842 14,400 Refinancing charges - - - 2,780 Adjusted EBITDA $382,042 $365,424 $314,775 $270,406 Trailing Twelve Months Adjusted EBITDA $2,055,943 $1,831,312 $1,520,227 $1,332,647 Other Operating Information Steel Average external sales price (Per ton) (a) $902 $879 $809 $764 Average ferrous cost (Per ton melted) (b) $338 $316 $275 $243 Flat Roll shipments Butler and Columbus Flat Roll divisions 1,526,851 1,574,463 1,527,230 1,512,003 Steel Processing divisions (c) 330,775 422,849 427,645 404,388 Long Product shipments Structural and Rail Division 376,263 352,013 366,306 374,774 Engineered Bar Products Division 206,874 195,644 176,564 153,692 Roanoke Bar Division 152,400 128,460 123,495 125,125 Steel of West Virginia 91,248 95,929 90,669 80,981 Total Shipments (Tons) 2,684,411 2,769,358 2,711,909 2,650,963 External Shipments (Tons) (a) 2,347,209 2,386,851 2,362,915 2,305,633 Steel Mill Production (Tons) 2,411,166 2,401,289 2,369,423 2,285,077 Metals Recycling Nonferrous shipments (000's of pounds) 292,038 266,222 257,087 252,861 Ferrous shipments (Gross tons) 1,171,361 1,189,679 1,169,963 1,096,211 External ferrous shipments (Gross tons) 382,841 425,477 396,135 361,504 Fabrication Average sales price (Per ton) $1,575 $1,538 $1,464 $1,419 Shipments (Tons) 145,222 156,983 168,571 173,635 (a) Represents all steel operations (b) Represents ferrous cost per ton melted at our six electric arc furnace steel mills (c) Includes Heartland, The Techs, and United Steel Supply locations 2018 1Q 2018 2Q 2018 3Q 2018 4Q 2018 External Net Sales Steel $1,921,790 $2,325,426 $2,475,044 $2,198,459 Fabrication 201,492 217,439 250,625 251,592 Metals Recycling 388,122 424,704 387,219 352,555 Other 92,471 122,956 110,659 101,286 Consolidated $2,603,875 $3,090,525 $3,223,547 $2,903,892 Operating Income Steel $338,357 $537,192 $577,308 $402,252 Fabrication 19,832 14,185 13,145 14,902 Metals Recycling 27,805 25,728 17,764 16,954 Operations 385,994 577,105 608,217 434,108 Non-cash Amortization of Intangible Assets (6,926) (6,829) (6,591) (7,434) Profit Sharing Expense (26,662) (42,335) (45,304) (41,684) Non-segment Operations (29,009) (26,054) (24,750) (19,437) Consolidated Operating Income $323,397 $501,887 $531,572 $365,553 Adjusted EBITDA Earnings Before Taxes $295,964 $475,410 $507,115 $341,285 Net Interest Expense 27,482 25,928 25,894 24,738 Depreciation 67,823 70,871 73,431 71,765 Amortization of Intangible Assets 6,926 6,829 6,591 7,434 Noncontrolling Interest 2,077 (124) 469 151 EBITDA 400,272 578,914 613,500 445,373 Non-cash Adjustments Unrealized Hedging (Gain) Loss (9,956) 2,836 3,030 (2,510) Inventory Valuation 200 265 1,017 666 Equity-based Compensation 9,580 8,375 7,978 14,457 Adjusted EBITDA $400,096 $590,390 $625,525 $457,986 Trailing Twelve Months Adjusted EBITDA $1,383,845 $1,623,805 $1,901,849 $2,073,997 Other Operating Information Steel Average External Sales Price (Per ton) * $822 $932 $988 $940 Average Ferrous Cost (Per ton melted) # $321 $348 $352 $343 Flat Roll Shipments Butler and Columbus Flat Roll Divisions 1,548,814 1,601,498 1,562,813 1,493,894 Techs and Heartland Divisions 194,762 222,303 294,559 262,642 Long Product Shipments Structural and Rail Division 368,783 441,019 431,326 389,107 Engineered Bar Products Division 215,150 250,092 239,951 217,646 Roanoke Bar Division 123,403 140,143 145,648 150,607 Steel of West Virginia 83,732 78,881 82,623 70,367 Total Shipments (Tons) 2,534,644 2,733,936 2,756,920 2,584,263 External Shipments (Tons) 2,327,515 2,480,223 2,489,133 2,328,420 Steel Mill Production (Tons) 2,380,359 2,529,115 2,535,534 2,391,971 Metals Recycling Nonferrous Shipments (000's of pounds) 271,628 304,034 277,332 278,418 Ferrous Shipments (Gross tons) 1,256,899 1,347,016 1,304,164 1,215,474 External Ferrous Shipments (Gross tons) 436,990 466,125 459,362 414,941 Fabrication Average External Sales Price (Per ton) $1,345 $1,380 $1,461 $1,550 Total Shipments (Tons) 149,926 157,902 171,578 162,292 * Includes all steel operations # Includes ferrous cost per ton melted at our Steel Mills 2017 1Q 2017 2Q 2017 3Q 2017 4Q 2017 External Net Sales Steel $1,721,333 $1,758,242 $1,782,805 $1,669,384 Fabrication 194,096 197,866 211,305 220,515 Metals Recycling 363,836 343,529 348,215 354,460 Other 88,951 91,083 101,057 92,120 Consolidated $2,368,216 $2,390,720 $2,443,382 $2,336,479 Operating Income Steel $352,423 $273,818 $280,285 $207,358 Fabrication 23,767 20,188 21,903 21,601 Metals Recycling 21,341 19,988 21,118 22,379 Operations 397,531 313,994 323,306 251,338 Non-cash Amortization of Intangible Assets (7,424) (7,424) (7,272) (7,073) Profit Sharing Expense (27,231) (21,308) (21,175) (21,595) Non-segment Operations (28,310) (19,909) (23,844) (26,723) Consolidated Operating Income $334,566 $265,353 $271,015 $195,947 Adjusted EBITDA Earnings Before Taxes $304,252 $235,319 $234,312 $161,352 Net Interest Expense 32,333 31,629 31,298 28,990 Depreciation 66,269 65,014 66,574 66,460 Amortization of Intangible Assets 7,424 7,424 7,272 7,073 Noncontrolling Interest 2,152 985 2,246 1,562 EBITDA 412,430 340,371 341,702 265,437 Non-cash Adjustments Unrealized Hedging (Gain) Loss (637) 724 (2,724) 7,325 Inventory Valuation 162 2,359 236 198 Equity-based Compensation 9,074 6,975 6,875 11,636 Refinancing charges - - 1,393 1,242 Adjusted EBITDA $421,029 $350,429 $347,482 $285,838 Trailing Twelve Months Adjusted EBITDA $1,378,785 $1,389,020 $1,377,245 $1,404,778 Other Operating Information Steel Average External Sales Price (Per ton) $743 $779 $778 $761 Average Ferrous Cost (Per ton melted) $264 $303 $305 $300 Flat Roll Shipments 1,735,954 1,737,404 1,733,006 1,659,049 Long Product Shipments Structural and Rail Division 350,555 311,421 337,985 339,597 Engineered Bar Products Division 192,140 180,787 192,448 191,652 Roanoke Bar Division 125,869 116,231 120,652 107,319 Steel of West Virginia 77,229 76,054 74,901 66,724 Total Shipments (Tons) 2,481,747 2,421,897 2,458,992 2,364,341 External Shipments (Tons) 2,305,080 2,246,569 2,279,229 2,184,135 Steel Mill Production (Tons) 2,324,816 2,246,890 2,316,266 2,231,235 Metals Recycling Total Nonferrous Shipments (000's of pounds) 283,603 270,444 261,716 271,036 Total Ferrous Shipments (Gross tons) 1,338,599 1,222,777 1,219,582 1,172,015 External Ferrous Shipments (Gross tons) 485,414 466,506 462,683 429,512 Fabrication Average External Sales Price (Per ton) $1,291 $1,311 $1,317 $1,335 Total Shipments (Tons) 150,402 151,052 160,482 165,338 2016 1Q 2016 2Q 2016 3Q 2016 4Q 2016 External Net Sales Steel $1,217,176 $1,466,704 $1,557,502 $1,393,329 Fabrication 180,055 170,542 177,429 173,015 Metals Recycling 269,407 311,060 306,092 282,783 Other 74,663 75,596 60,287 61,469 Consolidated $1,741,301 $2,023,902 $2,101,310 $1,910,596 Operating Income Steel $135,692 $276,529 $311,127 $217,778 Fabrication 32,075 23,512 17,814 17,766 Metals Recycling 6,360 14,686 9,747 9,511 Metals Recycling Non-cash Impairment Charges - - - (5,500) Operations 174,127 314,727 338,688 239,555 Non-cash Amortization of Intangible Assets (7,100) (7,051) (7,208) (7,406) Profit Sharing Expense (9,291) (20,176) (22,255) (19,563) Non-segment Operations (25,771) (31,378) (25,370) (29,223) Minnesota Non-Cash Impairment Charges - - - (127,339) Consolidated Operating Income 131,965 256,122 283,855 56,024 Non-Cash Impairment Charges - - - 132,839 Adjusted Operating Income $131,965 $256,122 $283,855 $188,863 Adjusted EBITDA Earnings Before Taxes $96,714 $221,294 $243,305 $2,820 Net Interest Expense 36,150 35,379 34,867 34,752 Depreciation 65,375 66,234 65,473 64,199 Amortization of Intangible Assets 7,100 7,051 7,208 7,406 Noncontrolling Interest 1,419 1,526 2,984 16,180 EBITDA 206,758 331,484 353,837 125,357 Non-cash Adjustments Unrealized Hedging (Gain) Loss 319 1,188 (880) (143) Inventory Valuation 192 235 405 154 Equity-based Compensation 6,979 7,287 5,895 10,069 Asset Impairment Charges - - - 119,764 Refinancing charges - - - 3,104 Adjusted EBITDA $214,248 $340,194 $359,257 $258,305 Trailing Twelve Months Adjusted EBITDA $742,769 $902,843 $1,047,990 $1,172,004 Other Operating Information Steel Average External Sales Price (Per ton) $574 $640 $740 $680 Average Ferrous Cost (Per ton melted) $184 $227 $251 $220 Flat Roll Shipments 1,657,341 1,787,797 1,620,794 1,565,157 Long Product Shipments Structural and Rail Division 292,988 356,604 330,694 319,265 Engineered Bar Products Division 125,200 122,593 125,108 134,262 Roanoke Bar Division 125,471 139,775 119,555 112,007 Steel of West Virginia 76,209 84,593 75,080 75,453 Total Shipments (Tons) 2,277,209 2,491,362 2,271,231 2,206,144 External Shipments (Tons) 2,121,872 2,291,162 2,104,219 2,041,078 Steel Mill Production (Tons) 2,175,294 2,350,218 2,131,213 2,037,075 Metals Recycling Total Nonferrous Shipments (000's of pounds) 270,410 278,198 280,107 274,790 Total Ferrous Shipments (Gross tons) 1,305,154 1,346,324 1,243,277 1,175,625 External Ferrous Shipments (Gross tons) 503,787 539,247 468,498 446,232 Fabrication Average External Sales Price (Per ton) $1,241 $1,202 $1,253 $1,310 Total Shipments (Tons) 145,126 142,828 142,585 132,186 2015 1Q 2015 2Q 2015 3Q 2015 4Q 2015 External Net Sales Steel $1,385,419 $1,375,677 $1,351,387 $1,091,029 Fabrication 161,023 154,513 174,954 182,884 Metals Recycling 425,596 391,210 345,572 270,625 Other 75,397 83,607 79,010 46,508 Consolidated $2,047,435 $2,005,007 $1,950,923 $1,591,046 Operating Income Steel $116,996 $101,212 $126,735 $66,580 Fabrication 21,361 27,660 36,733 30,193 Metals Recycling (480) 12,300 463 (16,047) Metals Recycling Non-Cash Asset Impairment Charges - - - (428,500) Operations 137,877 141,172 163,931 (347,774) Non-cash Amortization of Intangible Assets (6,049) (6,218) (6,041) (5,872) Profit Sharing Expense (4,598) (5,031) (9,008) (4,427) Non-segment Operations (27,459) (19,197) (17,853) (23,070) Minnesota Idle and Non-Cash Inventory Charges - (33,167) - - Consolidated Operating Income (Loss) 99,771 77,559 131,029 (381,143) Non-cash Asset Impairment Charges - - - 428,500 Minnesota Idle & Non-cash Inventory Charges - 33,167 - - Iron Dynamics Outage Impact - 9,403 - - Adjusted Operating Income $99,771 $120,129 $131,029 $47,357 Adjusted EBITDA Earnings (Loss) Before Taxes $40,492 $41,608 $93,706 $(417,923) Net Interest Expense 42,874 36,890 36,738 36,107 Depreciation 65,134 66,556 66,677 65,927 Amortization of Intangible Assets 6,049 6,218 6,041 5,872 Noncontrolling Interest 3,807 6,225 1,750 3,077 EBITDA 158,356 157,497 204,912 (306,940) Non-cash Adjustments Unrealized Hedging (Gain) Loss 3,215 (1,808) 738 435 Inventory Valuation 4,990 18,075 3,127 2,349 Equity-based Compensation 7,199 6,356 5,333 9,947 Asset Impairment Charges - - - 428,500 Financing Expenses 3,326 - - - Adjusted EBITDA $177,086 $180,120 $214,110 $134,291 Trailing Twelve Months Adjusted EBITDA $897,091 $872,078 $849,622 $705,607 Other Operating Information Steel Average External Sales Price (Per ton) $763 $662 $665 $614 Average Ferrous Cost (Per ton melted) $312 $255 $252 $205 Flat Roll Shipments 1,289,668 1,597,126 1,540,411 1,378,794 Long Product Shipments Structural and Rail Division 304,352 302,250 306,073 272,434 Engineered Bar Products Division 156,366 120,559 132,901 99,257 Roanoke Bar Division 125,123 140,795 130,314 119,208 Steel of West Virginia 73,511 81,678 81,505 75,825 Total Shipments (Tons) 1,949,020 2,242,408 2,191,204 1,945,518 External Shipments (Tons) 1,816,371 2,078,685 2,031,096 1,777,597 Steel Mill Production (Tons) 1,800,986 2,163,011 2,063,157 1,841,220 Metals Recycling Total Nonferrous Shipments (000's of pounds) 259,903 275,439 287,898 259,537 Total Ferrous Shipments (Gross tons) 1,233,001 1,357,755 1,354,339 1,194,411 External Ferrous Shipments (Gross tons) 642,080 626,264 551,076 564,868 Fabrication Average External Sales Price (Per ton) $1,428 $1,409 $1,359 $1,290 Total Shipments (Tons) 112,729 109,662 128,753 141,731 Company Operations Products Sustainability Investors Resources Search FAQ Careers Employee Login Supplier Portal Site Map © 2021 Steel Dynamics, Inc. 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