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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.