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Operating Income by Segment
Shows the profit generated from each business segment, highlighting which areas are driving profitability and which may need strategic adjustments.Steel operations are the profit engine—higher shipments, above‑industry utilization and improving realized prices have driven a clear recovery and underpin free‑cash‑flow and capital returns. Fabrication and recycling look steadier and seasonally poised to contribute, but aluminum is a near‑term drag from startup quality, inventory and working‑capital hits; management’s ramp and certification progress make it a meaningful optionality if throughput and cost trends normalize. Treat large swings in “Other” as episodic noise rather than core earnings momentum.
Date | Other | Steel Operations | Metals Recycling | Steel Fabrication | Aluminum |
|---|---|---|---|---|---|
Mar 31, 2026 | -$90.95M | $556.56M | $47.47M | $89.51M | -$64.59M |
Dec 31, 2025 | -$74.20M | $322.34M | $18.64M | $90.55M | -$47.10M |
Sep 30, 2025 | -$72.05M | $496.79M | $31.53M | $107.02M | -$56.51M |
Jun 30, 2025 | -$97.55M | $719.84M | $47.82M | $84.59M | -$49.86M |
Mar 31, 2025 | -$68.54M | $229.96M | $25.71M | $116.75M | -$28.73M |
Dec 31, 2024 | $549.37M | $164.99M | $142.19M | $23.36M | -$28.90K |
Sep 30, 2024 | -$60.15M | $301.25M | $6.13M | $165.59M | -$22.02M |
Jun 30, 2024 | -$73.94M | $438.62M | $28.23M | $180.74M | -$19.25M |
Mar 31, 2024 | -$97.87M | $670.93M | $18.73M | $178.34M | $0.00 |
Dec 31, 2023 | -$320.81M | $366.86M | $1.98M | $249.89M | $0.00 |