Quarterly Financial Information (unaudited, in thousands, except per share data)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information (unaudited, in thousands, except per share data)

Quarterly Financial Information (unaudited, in thousands, except per share data)

Note 14. Quarterly Financial Information (unaudited, in thousands, except per share data)

	1^st Quarter		2^nd Quarter		3^rd Quarter		4^th Quarter

2011:
Net sales	$	2,015,969	$	2,079,731	$	2,043,455	$	1,858,345
Gross profit		295,754		276,386		199,243		160,135
Operating income		205,326		188,219		108,785		82,490
Net income		104,230		95,826		39,857		25,779
Net income attributable to Steel Dynamics, Inc.		105,903		98,710		43,304		30,203
Earnings per share:
Basic		.49		.45		.20		.14
Diluted		.46		.43		.19		.14
2010:
Net sales	$	1,555,790	$	1,632,799	$	1,584,164	$	1,528,134
Gross profit		210,482		191,984		139,532		133,668
Operating income		132,297		116,635		69,000		46,821
Net income		63,389		46,797		15,355		4,058
Net income attributable to Steel Dynamics, Inc.		64,969		49,207		18,741		7,792
Earnings per share:
Basic		.30		.23		.09		.04
Diluted		.29		.22		.09		.04

Earnings per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total for the year.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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