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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total net sales $ 4,369,195 $ 4,694,003
Costs of goods sold 3,882,651 3,713,205
Gross profit 486,544 980,798
Selling, general and administrative expenses 181,808 159,507
Profit sharing 22,695 62,652
Amortization of intangible assets 6,897 7,664
Operating income 275,144 750,975
Interest expense, net of capitalized interest 12,131 11,978
Other (income) expense, net (17,641) (26,784)
Income before income taxes 280,654 765,781
Income tax expense 62,975 178,281
Net income 217,679 587,500
Net income attributable to noncontrolling interests (528) (3,459)
Net income attributable to Steel Dynamics, Inc. $ 217,151 $ 584,041
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 1.45 $ 3.68
Weighted average common shares outstanding (in shares) 150,262 158,666
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 1.44 $ 3.67
Weighted average common shares and share equivalents outstanding (in shares) 150,809 159,354
Dividends declared per share (in dollars per share) $ 0.5 $ 0.46
Unrelated parties    
Total net sales $ 4,241,499 $ 4,496,819
Related parties    
Total net sales $ 127,696 $ 197,184