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Dec 31, 2024
Nucor Q4 2024 Earnings Report
Nucor reported decreased earnings and sales for Q4 2024 compared to Q4 2023, but achieved its safest year in history.
Key Takeaways
Nucor's Q4 2024 earnings were $1.22 per diluted share, with net sales of $7.08 billion. The company's performance softened due to decreased average selling prices and volumes in the steel mills and steel products segments, though the raw materials segment showed increased earnings. Despite softened steel demand throughout 2024, Nucor anticipates market conditions to improve in 2025.
Q4 2024 diluted EPS was $1.22, and full year 2024 diluted EPS was $8.46.
Q4 2024 net sales reached $7.08 billion, while full year 2024 net sales amounted to $30.73 billion.
Q4 2024 net earnings before noncontrolling interests totaled $345 million, and full year 2024 net earnings before noncontrolling interests were $2.32 billion.
Approximately 6,058,000 tons were shipped to outside customers in Q4 2024, a 2% increase from Q4 2023.
Revenue by Segment
Forward Guidance
Nucor anticipates stable earnings in the steel mills and steel products segments for Q1 2025 compared to Q4 2024, with a projected decrease in the raw materials segment. Higher corporate, administrative, and tax impacts are expected to lower overall net earnings.
Positive Outlook
- Earnings in the steel mills segment are expected to be similar in the first quarter of 2025 as compared to the fourth quarter of 2024.
- Earnings in the steel products segments to be similar in the first quarter of 2025 as compared to the fourth quarter of 2024.
Challenges Ahead
- Earnings in the raw materials segment are expected to decrease in the first quarter of 2025 relative to the fourth quarter of 2024.
- Higher corporate, administrative and tax impacts in the first quarter of 2025 than realized in the fourth quarter of 2024 which may result in lower net earnings overall.
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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