Earnings Call Summary | Steel Dynamics(STLD.US) Q1 2024 Earnings Conference
Earnings Call Summary | Steel Dynamics(STLD.US) Q1 2024 Earnings Conference
The following is a summary of the Steel Dynamics, Inc. (STLD) Q1 2024 Earnings Call Transcript:
以下是鋼鐵動力公司（STLD）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Steel Dynamics reported Q1 2024 net income of $584 million or $3.67 per diluted share, with an adjusted EBITDA of $879 million.
The first quarter 2024 revenue stood at $4.7 billion, an 11% increase from the previous quarter.
Operating income of $751 million marked a 45% increase from Q4, attributed to the expansion of steel metal spread.
Cash flow operations garnered $355 million, ending the quarter with $3.1 billion liquidity. Dividends saw an 8% increase to $0.46 per share, and $298 million was spent on stock repurchases.
Capital investments for 2024 are predicted to be around $2 billion, focusing on aluminum flat rolled investments and a biocarbon facility.
鋼鐵動力公佈的2024年第一季度淨收益爲5.84億美元，攤薄每股收益爲3.67美元，調整後的息稅折舊攤銷前利潤爲8.79億美元。
2024年第一季度收入爲47億美元，比上一季度增長11％。
7.51億美元的營業收入比第四季度增長了45％，這要歸因於鋼鐵金屬利差的擴大。
現金流業務獲得了3.55億美元，本季度末流動性爲31億美元。股息增長了8％，至每股0.46美元，股票回購支出爲2.98億美元。
預計2024年的資本投資約爲20億美元，重點是鋁板軋製投資和生物碳設施。
Business Progress:
業務進展：
Record-breaking steel shipments of 3.3 million tons were made possible by the facility and operations expansion.
Increased booking rates, with a six-month backlog anticipates a volume surge in the future quarters.
The company expects to fully operationalize its aluminum rolling mill by mid-2025, forecasting increased demand across operating platforms.
Steel Dynamics plans to shift from a direct mill-to-fabricator structure to a service center type relationship, hinting a potential structural shift within the market.
An aluminum project awaits customer commitments over the next 12-18 months, aiming to ramp up production while capEx investment continues.
Forecasted rectification of the Sinton plant's power issue is anticipated to bolster operational capacity.
The company showcased a strong diversification in its coated product profile to provide supply solutions.
Expansion into Mexico with a new slab plant and another in Arizona reflect growth ambitions.
The firm anticipates additional public funding support towards the second half of the year which is likely to be impactful in 2025.
設施和業務擴張使創紀錄的330萬噸鋼鐵出貨量成爲可能。
預訂率的提高，加上六個月的積壓，預計未來幾個季度的預訂量將激增。
該公司預計，到2025年中期，其鋁軋機將全面投入運營，預計各運營平台的需求將增加。
Steel Dynamics計劃從直接的工廠到製造商的結構轉變爲服務中心類型的關係，這表明市場內部可能發生結構性轉變。
鋁項目在未來12-18個月內等待客戶的承諾，目標是在繼續進行資本支出投資的同時提高產量。
預計辛頓工廠電力問題將得到糾正，這將提高運營能力。
該公司展示了其塗層產品概況的強大多元化，以提供供應解決方案。
向墨西哥擴張一座新的板坯廠，在亞利桑那州再建一座板坯廠，這反映了增長的雄心。
該公司預計，下半年將有更多的公共資金支持，這可能會在2025年產生影響。
More details: Steel Dynamics IR
更多詳情： 鋼鐵動力紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。