Quarterly Financial Information

12 Months Ended

Dec. 31, 2020

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
2020:
Net sales	$	2,575,100	$	2,094,305	$	2,330,832	$	2,601,245
Gross profit		415,229		284,431		292,815		442,253
Operating income		273,686		158,850		155,856		258,750
Net income		190,836		78,765		104,277		196,950
Net income attributable to Steel Dynamics, Inc.		187,340		75,496		100,143		187,843
Earnings per share:
Basic		0.88		0.36		0.48		0.89
Diluted		0.88		0.36		0.47		0.89
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

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.