Nucor Sees Q3 2024 Earnings To Decrease Compared To Q2 2024

7/22/24 4:35:18 PM ET

Steel/Iron Ore

Industrials

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We expect earnings in the third quarter of 2024 to decrease compared to the second quarter of 2024. The largest driver for the expected decrease in earnings in the third quarter of 2024 is the expected decrease in earnings of the steel mills segment, primarily due to lower average selling prices. We expect earnings in the steel products segment to decrease in the third quarter of 2024 as compared to the second quarter of 2024 due to lower average selling prices. The earnings of the raw materials segment are expected to decrease in the third quarter of 2024 as compared to the second quarter of 2024.

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Recent Analyst Ratings for
$NUE

Date	Price Target	Rating	Analyst
9/9/2024	$170.00 → $174.00	Neutral → Overweight	JP Morgan
8/15/2024	$187.00 → $176.00	Equal-Weight → Overweight	Morgan Stanley
5/20/2024	$190.00	Hold	Jefferies
3/13/2024	$180.00 → $240.00	Neutral → Buy	Citigroup
1/16/2024	$210.00	Buy	UBS
10/16/2023	$151.00	Underweight → Neutral	JP Morgan
7/5/2023	$191.00	Neutral → Outperform	Exane BNP Paribas
6/1/2023		Underperform → Peer Perform	Wolfe Research

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Nucor Reports Results for the Third Quarter of 2024
Third Quarter of 2024 Highlights Consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share.Adjusted net earnings attributable to Nucor stockholders of $353.0 million, or $1.49 per diluted share.Net sales of $7.44 billion.Net earnings before noncontrolling interests of $302.8 million; EBITDA of $869.0 million.CHARLOTTE, N.C., Oct. 21, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share, for the third quarter of 2024. Excluding non-cash impairment charges taken during the quarter, Nucor's third quarter of 2024 adjusted net ea
10/21/24 4:30:00 PM ET
$NUE
Steel/Iron Ore
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Nucor Invites You to Join Its Third Quarter of 2024 Conference Call on the Web
CHARLOTTE, N.C., Oct. 21, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the third quarter ended September 28, 2024, followed by a question-and-answer session. The event will be available on the internet on October 22, 2024, at 10:00 a.m. Eastern Time. What: Nucor's Third Quarter of 2024 Conference Call When: 10:00 a.m. Eastern Time on Tuesday, October 22, 2024 Where: https://app.webinar.net/ZWOgBAkj1mJ or at https://nucor.c
10/21/24 9:00:00 AM ET
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Nucor Invites You to Join Its Third Quarter of 2024 Conference Call on the Web
CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the third quarter ended September 28, 2024, followed by a question-and-answer session. The event will be available on the internet on October 22, 2024, at 10:00 a.m. Eastern Time. What: Nucor's Third Quarter of 2024 Conference Call When: 10:00 a.m. Eastern Time on Tuesday, October 22, 2024 Where: https://app.webinar.net/ZWOgBAkj1mJ or at https://nucor.co
10/8/24 10:30:00 AM ET
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Steel/Iron Ore
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Nucor Reports Results for the Third Quarter of 2024
Third Quarter of 2024 Highlights Consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share.Adjusted net earnings attributable to Nucor stockholders of $353.0 million, or $1.49 per diluted share.Net sales of $7.44 billion.Net earnings before noncontrolling interests of $302.8 million; EBITDA of $869.0 million.CHARLOTTE, N.C., Oct. 21, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share, for the third quarter of 2024. Excluding non-cash impairment charges taken during the quarter, Nucor's third quarter of 2024 adjusted net ea
10/21/24 4:30:00 PM ET
$NUE
Steel/Iron Ore
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Nucor Invites You to Join Its Third Quarter of 2024 Conference Call on the Web
CHARLOTTE, N.C., Oct. 21, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the third quarter ended September 28, 2024, followed by a question-and-answer session. The event will be available on the internet on October 22, 2024, at 10:00 a.m. Eastern Time. What: Nucor's Third Quarter of 2024 Conference Call When: 10:00 a.m. Eastern Time on Tuesday, October 22, 2024 Where: https://app.webinar.net/ZWOgBAkj1mJ or at https://nucor.c
10/21/24 9:00:00 AM ET
$NUE
Steel/Iron Ore
Industrials
Nucor Invites You to Join Its Third Quarter of 2024 Conference Call on the Web
CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the third quarter ended September 28, 2024, followed by a question-and-answer session. The event will be available on the internet on October 22, 2024, at 10:00 a.m. Eastern Time. What: Nucor's Third Quarter of 2024 Conference Call When: 10:00 a.m. Eastern Time on Tuesday, October 22, 2024 Where: https://app.webinar.net/ZWOgBAkj1mJ or at https://nucor.co
10/8/24 10:30:00 AM ET
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Steel/Iron Ore
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Nucor Announces Appointment of Nicole B. Theophilus as Executive Vice President of Talent and Human Resources
CHARLOTTE, N.C., April 18, 2024 /PRNewswire/ -- Nucor Corporation (NYSE:NUE) announced today the appointment of Nicole B. Theophilus to the newly created position of Executive Vice President of Talent and Human Resources, effective April 29, 2024. In this role, Ms. Theophilus will focus on Nucor's enterprise talent development and human resources strategy. Ms. Theophilus, 54, most recently served as Executive Vice President and Chief Human Resources Officer of Wabtec Corporation, a global provider of equipment, systems, digital solutions and services for the freight and transi
4/18/24 9:00:00 AM ET
$NUE
Steel/Iron Ore
Industrials
Nucor Launches Campaign Highlighting Commitment to Sustainable Steelmaking
CHARLOTTE, N.C., Oct. 2, 2023 /PRNewswire/ -- Today, Nucor Corporation (NYSE:NUE) launched "Made for Good," a campaign highlighting the company's more than five decades of producing steel using the cleanest methods commercially available, while also showcasing its work with customers in a broad range of industries to help them achieve their sustainability goals and, at the same time, our nation's sustainability goals. "Sustainability is being driven by our customers' values and focus on reducing emissions in their supply chains. As a steel industry leader, Nucor recognizes the importance of environmental stewardship and continuously challenges ourselves to reduce our emissions even more. Th
10/2/23 9:50:00 AM ET
$NUE
Steel/Iron Ore
Industrials
Nucor and Helion to Develop Historic 500 MW Fusion Power Plant
CHARLOTTE, N.C., Sept. 27, 2023 /PRNewswire/ -- Today, Nucor Corporation (NYSE:NUE) announced a collaboration with fusion power company, Helion to develop a 500 MW fusion power plant. This transformational project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility. Nucor and Helion are working together to set a firm timeline and are committed to beginning operations as soon as possible with a target of 2030. Nucor is making a direct investment of $35 million in Helion to accelerate fusion deployment in the United States. This is the first fusion energy agreement of this scale in the world and will pave the way for decarbonizing the entire industr
9/27/23 9:00:00 AM ET
$NUE
Steel/Iron Ore
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Nucor Sees Q3 2024 Earnings To Decrease Compared To Q2 2024

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Nucor Reports Results for the Third Quarter of 2024

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Amendment: Executive Vice President Utermark D. Chad gifted 3,500 shares, decreasing direct ownership by 2% to 212,020 units (SEC Form 4)

Executive Vice President Behr Allen C sold $793,470 worth of shares (4,968 units at $159.72), decreasing direct ownership by 5% to 85,376 units (SEC Form 4)

Chair, President and CEO Topalian Leon J gifted 9,000 shares and sold $1,860,240 worth of shares (11,000 units at $169.11), decreasing direct ownership by 11% to 163,136 units (SEC Form 4)

Gangestad Nicholas C bought $176,609 worth of shares (1,000 units at $176.61) (SEC Form 4)

Nucor Reports Results for the Third Quarter of 2024

Nucor Invites You to Join Its Third Quarter of 2024 Conference Call on the Web

Nucor Invites You to Join Its Third Quarter of 2024 Conference Call on the Web

$NUE Leadership Updates

Live Leadership Updates

Nucor Announces Appointment of Nicole B. Theophilus as Executive Vice President of Talent and Human Resources

Nucor Launches Campaign Highlighting Commitment to Sustainable Steelmaking

Nucor and Helion to Develop Historic 500 MW Fusion Power Plant

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