Nucor reported net earnings attributable to Nucor stockholders of $844.8 million, or $3.46 per diluted share, for Q1 2024. Net sales reached $8.14 billion. The company saw strong performance despite steel market conditions normalizing from post-pandemic highs, and advanced growth, sustainability, and commercial strategies.
Net earnings attributable to Nucor stockholders were $844.8 million, or $3.46 per diluted share.
Net sales totaled $8.14 billion.
Net earnings before noncontrolling interests amounted to $959.0 million and EBITDA was $1.50 billion.
5.5 million shares of common stock were repurchased at an average price of $180.79 per share.
Nucor anticipates a decrease in earnings for the second quarter of 2024 compared to the first quarter.
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