Financial Performance - Nucor reported consolidated net earnings of $287 million, or $1.22 per diluted share, for Q4 2024, an increase from $250 million, or $1.05 per diluted share, in Q3 2024[2]. - For the full year 2024, consolidated net earnings were $2.03 billion, or $8.46 per diluted share, down from $4.53 billion, or $18.00 per diluted share, in 2023[3]. - Nucor's net sales for Q4 2024 were $7,076 million, a decrease of 8% from $7,705 million in Q4 2023[38]. - The net earnings attributable to Nucor stockholders for the full year 2024 were $2,027 million, down 55% from $4,525 million in 2023[38]. - Nucor's average diluted earnings per share for 2024 was $8.46, a decline of 53% from $18.00 in 2023[38]. Sales and Shipments - Consolidated net sales for Q4 2024 were $7.08 billion, a decrease of 5% from $7.44 billion in Q3 2024 and an 8% decrease from $7.71 billion in Q4 2023[8]. - Total tons shipped to outside customers in 2024 were approximately 24,767,000 tons, a decrease of 2% from 2023, with an average sales price per ton decreasing by 10%[9]. - Total shipments from steel mills increased by 2% in Q4 2024 to 5,650 thousand tons compared to 5,513 thousand tons in Q4 2023[35]. - The company experienced a 6% decrease in bar shipments for the full year 2024, totaling 7,730 thousand tons compared to 8,193 thousand tons in 2023[35]. - The company reported a 35% increase in plate shipments in Q4 2024, totaling 502 thousand tons compared to 373 thousand tons in Q4 2023[35]. Costs and Expenses - The average scrap and scrap substitute cost per gross ton used in Q4 2024 was $381, a 1% increase from Q3 2024 and a 4% decrease from Q4 2023[10]. - Capital expenditures for 2024 were $3,173 million, an increase from $2,214 million in 2023[44]. Cash and Debt - Nucor had $4.14 billion in cash and cash equivalents at the end of Q4 2024, with a $1.75 billion undrawn revolving credit facility[15]. - Cash and cash equivalents at the end of 2024 were $3,558 million, down from $6,387 million at the end of 2023[44]. - Nucor's long-term debt decreased to $5,683 million in 2024 from $6,649 million in 2023[40]. Dividends and Shareholder Returns - The company returned approximately $2.74 billion to stockholders in 2024 through share repurchases and dividends[18]. - Nucor's Board declared a cash dividend of $0.55 per share, marking the 207th consecutive quarterly cash dividend[16]. Future Outlook - Nucor expects earnings in the steel mills and steel products segments to remain similar in Q1 2025 compared to Q4 2024, while raw materials segment earnings are expected to decrease[20]. Operational Metrics - Nucor's operating rates for Q4 2024 were 74%, unchanged from Q4 2023, while the full year 2024 rate decreased to 76% from 78% in 2023[13]. - Nucor's total assets decreased to $33,940 million in 2024 from $35,340 million in 2023[40].

Core Insights - Nucor Corporation reported consolidated net earnings of $287 million, or $1.22 per diluted share, for Q4 2024, an increase from $250 million, or $1.05 per diluted share, in Q3 2024 [1][2] - For the full year 2024, Nucor's consolidated net earnings were $2.03 billion, or $8.46 per diluted share, down from $4.53 billion, or $18.00 per diluted share, in 2023 [2] - The company experienced a decrease in steel demand throughout 2024 but anticipates improving market conditions moving into 2025 [3] Financial Performance - Nucor's consolidated net sales for Q4 2024 were $7.08 billion, a decrease of 5% from $7.44 billion in Q3 2024 and an 8% decline from $7.71 billion in Q4 2023 [5][6] - The average sales price per ton in Q4 2024 decreased by 3% from Q3 2024 and by 10% from Q4 2023 [5] - Total tons shipped to outside customers in 2024 were approximately 24.77 million tons, a 2% decrease from 2023 [6] Segment Performance - Earnings from the steel mills segment in Q4 2024 were $169 million, down from $588 million in Q4 2023, while steel products segment earnings were $329 million, down from $656 million [4] - The raw materials segment saw earnings of $57 million in Q4 2024, compared to a loss of $14 million in Q4 2023 [4] - Overall operating rates at Nucor's steel mills were 74% in Q4 2024, unchanged from Q4 2023 [10] Cost and Expenses - The average scrap and scrap substitute cost per gross ton used in Q4 2024 was $381, a 1% increase from Q3 2024 but a 4% decrease from Q4 2023 [7] - Pre-tax, pre-operating, and start-up costs related to growth projects were approximately $164 million in Q4 2024, slightly down from $168 million in Q3 2024 [8][9] Capital Management - Nucor had $4.14 billion in cash and cash equivalents at the end of Q4 2024, with a $1.75 billion revolving credit facility remaining undrawn [11] - The company declared a cash dividend of $0.55 per share, marking its 207th consecutive quarterly cash dividend [13] - Nucor repurchased approximately 2.1 million shares of common stock at an average price of $149.81 per share during Q4 2024 [14] Outlook - Earnings in the steel mills and steel products segments are expected to remain similar in Q1 2025 compared to Q4 2024, while earnings in the raw materials segment are anticipated to decrease [17]

Company Overview - Nucor Corporation (NUE) is scheduled to release its fourth-quarter 2024 results on January 27 [1] Earnings Performance - Nucor has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 7.4% [2] - The company reported a 6.4% earnings surprise in the last quarter [2] - For the fourth quarter, Nucor anticipates earnings in the range of 55-65 cents per share, a decline from $1.05 per share in the prior quarter and $3.16 per share in the fourth quarter of 2023 [8] Revenue Expectations - The Zacks Consensus Estimate for Nucor's fourth-quarter consolidated revenues is $6,598 million, reflecting a year-over-year decline of 14.4% [9] Factors Affecting Performance - Lower profitability in the steel mills segment is expected to negatively impact Nucor's performance due to reduced volumes and average selling prices [10] - U.S. steel prices have sharply declined in 2024, influenced by a slowdown in demand and oversupply, with benchmark hot-rolled coil (HRC) prices dropping over 40% from $1,200 per short ton at the start of 2024 [11] - Current HRC prices are around $700 per short ton, with a modest recovery not expected in the near term due to weak manufacturing and demand [12] Sales and Production Metrics - The estimated average sales price per ton for Nucor's steel mills unit is $928, indicating an 8.6% year-over-year decrease and a 4% sequential decline [13] - Total sales tons to outside customers for steel mills are projected at 4,202,000 tons for the fourth quarter, suggesting an 8.8% decline from the prior quarter and a 4.4% year-over-year decrease [13]

Core Viewpoint - Nucor (NUE) is expected to report a significant decline in quarterly earnings and revenues, with analysts predicting earnings of $0.67 per share, a 78.8% decrease year-over-year, and revenues of $6.6 billion, down 14.3% from the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised down by 13.9% over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Net sales to external customers - Steel products' at $2.09 billion, reflecting a 25.5% decrease from the prior-year quarter [5]. - 'Net sales to external customers - Steel mills' are projected to reach $4.04 billion, indicating a 9.4% decline year-over-year [5]. - 'Net sales to external customers - Raw materials' are expected to be $476.87 million, suggesting a 7.3% increase compared to the previous year [5]. Sales Volume Predictions - Total steel sales to outside customers from steel mills are estimated at 4,325.15 KTon, down from 4,396 KTon reported in the same quarter last year [6]. - Total steel product sales in tons are expected to be 917.55 KTon, compared to 1,011 KTon in the same quarter last year [6]. Price Estimates - The average steel product price per ton is projected to be $2,279.32, down from $2,776 per ton in the same quarter last year [7]. - The average sales price per ton for total steel mills is expected to be $917.82, compared to $1,015 per ton in the same quarter last year [7]. Specific Product Sales Estimates - Sales tons for steel sheets are estimated at 2,196.75 KTon, slightly down from 2,239 KTon year-over-year [8]. - Sales tons for steel bars are projected at 1,342.43 KTon, down from 1,402 KTon in the same quarter last year [9]. - Sales tons for steel plates are expected to reach 365.52 KTon, up from 341 KTon in the same quarter last year [10]. Market Performance - Nucor shares have shown a return of +6.5% over the past month, outperforming the Zacks S&P 500 composite, which increased by +2.1% [11].

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Nucor (NUE) , which belongs to the Zacks Steel - Producers industry, could be a great candidate to consider.This steel company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 11.22%.For the most recent quarter, Nucor was exp ...

Nucor (NUE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 27, 2025, might help the stock move higher if these key numbers are better than expecta ...

NU E Power Announces Letter of Intent to Acquire Blu Dot SystemsJanuary 20, 2025 9:00 AM EST | Source: Nu E Corp.Calgary, Alberta--(Newsfile Corp. - January 20, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "Letter of Intent"), dated January 17, 2025, with Blu Dot Systems Inc. ("Blu Dot"), to review a potential acquisition (the "Proposed Transaction") of Blu Dot. Blu Dot is a privately h ...

When it comes to the domestic steel industry, two companies stand out: Nucor (NUE 0.23%) and Steel Dynamics (STLD -0.11%). Both are well run and growing, but one is old and largely mature while the other is still relatively young and growing more quickly.If you are a growth-oriented investor or a dividend growth investor, you'll probably find Steel Dynamics the more attractive choice if you have $1,000 to invest right now. Here's why.Nucor is a great companyNucor is one of the largest steel companies in Nor ...

Nucor Corporation’s (NUE) shares have lost 20.2% in the past three months compared with the Zacks Steel Producers industry’s decline of 34.4%. The downward spiral reflects the choppiness in the steel space underpinned by the significant pullback in U.S. steel prices, which has led to a downward revision in NUE’s earnings estimates.NUE is currently trading at a roughly 39% discount to its 52-week high of $203 reached on April 9, 2024. Technical indicators show that NUE has been trading below the 50-day simpl ...

CHARLOTTE, N.C., Jan. 16, 2025 /PRNewswire/ -- Today, Nucor Corporation (NYSE: NUE) announced that the Global Steel Climate Council (GSCC) certified the Company's Science-Based Emissions Targets (SBET). The SBET submitted by Nucor, a Founding Member Company of the GSCC, sets an ambitious goal of reducing emissions by 2030 for its hot rolled steel production, which includes Scopes 1, 2, and 3 emissions. "Nucor is a global leader in low embodied carbon steel production, and they are proving that innovation an ...