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Steel Dynamics Q3 reports record net sales $5.1 billion

Christian Fernsby |
Steel Dynamics announced third quarter 2021 financial results.

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The company reported record third quarter 2021 net sales of $5.1 billion and net income of $991 million, or $4.85 per diluted share.

Excluding the impact from the following item, the company's third quarter 2021 adjusted net income was $1.0 billion, or $4.96 per diluted share.

Comparatively, prior year third quarter net sales were $2.3 billion, with net income of $100 million, or $0.47 per diluted share, and adjusted earnings were $0.51 per diluted share, excluding the impact of the costs associated with the construction of the company's Texas steel mill of $0.04 per diluted share.

The company's sequential second quarter 2021 earnings were $3.32 per diluted share, and adjusted earnings were $3.40 per diluted share, also excluding the impact of construction costs related to the Texas steel mill of $0.08 per diluted share.


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