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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Information |
Schedule of Operating Segment Results | The company’s segment results, with prior periods recast consistent with our current reportable segments presentation, including disaggregated revenue by segment to external, external non-United States, and other segment customers, are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Metals | ​ | Steel | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the three-month period ended | ​ | Steel | ​ | Recycling | ​ | Fabrication | ​ | Aluminum | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2025 | ​ | Operations | ​ | Operations | ​ | Operations | ​ | Operations | ​ | Other (a) | ​ | Eliminations | ​ | Consolidated
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - disaggregated revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External | ​ | $ | 2,904,540 | ​ | $ | 371,876 | ​ | $ | 351,859 | ​ | $ | 66,576 | ​ | $ | 347,069 | ​ | $ | - | ​ | $ | 4,041,920
External Non-United States | ​ | ​ | 162,476 | ​ | ​ | 163,019 | ​ | ​ | 448 | ​ | ​ | - | ​ | ​ | 1,332 | ​ | ​ | - | ​ | ​ | 327,275
Other segments | ​ | ​ | 87,414 | ​ | ​ | 537,612 | ​ | ​ | 156 | ​ | ​ | 34,071 | ​ | ​ | - | ​ | ​ | (659,253) | ​ | ​ | -
Net sales | ​ | ​ | 3,154,430 | ​ | ​ | 1,072,507 | ​ | ​ | 352,463 | ​ | ​ | 100,647 | ​ | ​ | 348,401 | ​ | ​ | (659,253) | ​ | ​ | 4,369,195
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 2,870,498 | ​ | ​ | 1,020,144 | ​ | ​ | 211,828 | ​ | ​ | 91,471 | ​ | ​ | 346,588 | ​ | ​ | (657,878) | ​ | ​ | 3,882,651
Other segment items (b) | ​ | ​ | 55,070 | ​ | ​ | 26,653 | ​ | ​ | 23,889 | ​ | ​ | 37,911 | ​ | ​ | 68,246 | ​ | ​ | (369) | ​ | ​ | 211,400
Operating income (loss) | ​ | ​ | 228,862 | ​ | ​ | 25,710 | ​ | ​ | 116,746 | ​ | ​ | (28,735) | ​ | ​ | (66,433) | ​ | ​ | (1,006) | ​ | ​ | 275,144
Interest expense, net of capitalized interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 12,131
Other (income) expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (17,641)
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 280,654
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 98,930 | ​ | $ | 14,970 | ​ | $ | 2,956 | ​ | $ | 2,647 | ​ | $ | 14,253 | ​ | $ | - | ​ | $ | 133,756
Capital expenditures | ​ | ​ | 92,007 | ​ | ​ | 27,180 | ​ | ​ | 5,244 | ​ | ​ | 208,591 | ​ | ​ | 5,495 | ​ | ​ | (33,011) | ​ | ​ | 305,506
Total Assets | ​ | ​ | 8,884,302 | ​ | ​ | 1,484,448 | ​ | ​ | 623,582 | ​ | ​ | 3,106,134 | ​ | ​ | 4,165,063 | (c) | ​ | (2,333,101) | ​ | ​ | 15,930,428
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Metals | ​ | Steel | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the three-month period ended | ​ | Steel | ​ | Recycling | ​ | Fabrication | ​ | Aluminum | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2024 | ​ | Operations | ​ | Operations | ​ | Operations | ​ | Operations | ​ | Other (a) | ​ | Eliminations | ​ | Consolidated
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - disaggregated revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External | ​ | $ | 3,133,610 | ​ | $ | 329,844 | ​ | $ | 446,096 | ​ | $ | 61,079 | ​ | $ | 307,859 | ​ | $ | - | ​ | $ | 4,278,488
External Non-United States | ​ | ​ | 232,627 | ​ | ​ | 177,426 | ​ | ​ | 1,083 | ​ | ​ | 1,124 | ​ | ​ | 3,255 | ​ | ​ | - | ​ | ​ | 415,515
Other segments | ​ | ​ | 148,291 | ​ | ​ | 534,423 | ​ | ​ | 4,584 | ​ | ​ | 9,953 | ​ | ​ | - | ​ | ​ | (697,251) | ​ | ​ | -
Net sales | ​ | ​ | 3,514,528 | ​ | ​ | 1,041,693 | ​ | ​ | 451,763 | ​ | ​ | 72,156 | ​ | ​ | 311,114 | ​ | ​ | (697,251) | ​ | ​ | 4,694,003
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 2,790,211 | ​ | ​ | 993,262 | ​ | ​ | 249,541 | ​ | ​ | 64,576 | ​ | ​ | 306,920 | ​ | ​ | (691,305) | ​ | ​ | 3,713,205
Other segment items (b) | ​ | ​ | 53,386 | ​ | ​ | 35,679 | ​ | ​ | 23,882 | ​ | ​ | 15,135 | ​ | ​ | 102,066 | ​ | ​ | (325) | ​ | ​ | 229,823
Operating income (loss) | ​ | ​ | 670,931 | ​ | ​ | 12,752 | ​ | ​ | 178,340 | ​ | ​ | (7,555) | ​ | ​ | (97,872) | ​ | ​ | (5,621) | ​ | ​ | 750,975
Interest expense, net of capitalized interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 11,978
Other (income) expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (26,784)
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 765,781
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 87,507 | ​ | $ | 17,263 | ​ | $ | 2,682 | ​ | $ | 1,227 | ​ | $ | 6,573 | ​ | $ | - | ​ | $ | 115,252
Capital expenditures | ​ | ​ | 95,833 | ​ | ​ | 30,720 | ​ | ​ | 5,436 | ​ | ​ | 238,472 | ​ | ​ | 3,849 | ​ | ​ | - | ​ | ​ | 374,310
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ (a) Amounts included in Other are from subsidiary operations that are below the quantitative thresholds required for reportable segments and primarily consist of joint ventures and the idled Minnesota ironmaking operations. Also included are certain unallocated corporate accounts, such as the company's senior unsecured credit facility, senior notes, certain other investments, amortization of intangible assets and certain profit sharing expenses. ​ (b) Other segment items for each reportable operating segment include selling, general, and administrative expenses including payroll & benefit expenses and professional service expenses. Other segment items within Other include selling, general, and administrative expenses such as payroll & benefit expenses, companywide equity-based compensation expenses, and professional service expenses, as well as company-wide profit sharing expense and amortization of intangible assets. ​ (c) Asset amounts included in Other consist of assets held by subsidiary operations that are below the quantitative thresholds required for reportable segments and the company's corporate assets. Corporate assets primarily consist of cash, short-term and other investments, and intra-company debt.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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