Quarterly Financial Information

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information

Quarterly Financial Information

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

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2019:
Net Sales	$	2,817,435	$	2,770,515	$	2,526,845	$	2,350,196
Gross profit		433,570		421,166		359,839		316,409
Operating income		291,842		285,032		228,045		181,961
Net income		204,827		196,746		152,608		123,719
Net income attributable to Steel Dynamics, Inc.		204,328		194,302		151,048		121,425
Earnings per share:
Basic		0.91		0.88		0.69		0.56
Diluted		0.91		0.87		0.69		0.56
2018:
Net Sales	$	2,603,875	$	3,090,525	$	3,223,547	$	2,903,892
Gross profit		463,416		652,082		686,081		521,235
Operating income		323,397		501,887		531,572		365,553
Net income		225,475		362,572		397,906		269,852
Net income attributable to Steel Dynamics, Inc.		227,551		362,449		398,375		270,004
Earnings per share:
Basic		0.96		1.54		1.70		1.18
Diluted		0.96		1.53		1.69		1.17

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.