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Sep 28, 2024
Nucor Q3 2024 Earnings Report
Nucor's earnings decreased due to lower average selling prices in the steel mills segment, and lower prices and volumes in the steel products segment. Non-cash impairment charges also impacted the raw materials segment.
Key Takeaways
Nucor reported consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share, for Q3 2024. Adjusted net earnings were $353.0 million, or $1.49 per diluted share. Net sales were $7.44 billion.
Consolidated net earnings attributable to Nucor stockholders were $249.9 million, or $1.05 per diluted share.
Adjusted net earnings attributable to Nucor stockholders were $353.0 million, or $1.49 per diluted share, excluding non-cash impairment charges.
Net sales reached $7.44 billion.
Cash from operations was over $1.30 billion for the quarter.
Revenue by Segment
Forward Guidance
Nucor anticipates a decrease in consolidated net earnings attributable to Nucor stockholders in the fourth quarter of 2024, compared to the third quarter of 2024.
Positive Outlook
- Raw materials segment earnings are expected to increase (excluding the impairment charge from Q3).
Challenges Ahead
- Steel mills segment earnings are expected to decrease due to lower average selling prices and decreased volumes.
- Steel products segment earnings are expected to decrease due to lower average selling prices and decreased volumes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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