Nucor (NUE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this steel company have returned +7.9%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Steel - Producers industry, which Nucor falls in, has lost 2.7%. The key question now is: What could be the stock's future direction?Although media reports or rumor ...

“Steel represents the triumph of human ingenuity.” - UnknownThe steel industry is often heralded as the backbone of modern society. Its history is shrouded in mystery, with origins dating back over 4,000 years. A durable companion to humanity over time, steel has helped shape industries through vast periods of innovation.The landscape of the steel industry continues to evolve at a rapid pace. Select winners have emerged that were able to adapt to the broader economic and societal changes; these stocks are t ...

Nucor Corporation (NUE) reported earnings of $3.16 per share in fourth-quarter 2023, down from earnings of $4.89 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $2.83.The company recorded net sales of $7,704.5 million, down around 11.7% year over year. The figure topped the Zacks Consensus Estimate of $7,563.8 million.Earnings declined in the fourth quarter primarily due to lower prices. Operating FiguresTotal sales tons to outside customers for steel mills in the fourth quar ...

Financial Data and Key Metrics Changes - Nucor reported earnings of $3.16 per share for Q4 2023, leading to a full-year earnings of $18 per share, marking the third most profitable year in the company's history [5][6] - Consolidated net earnings for Q4 2023 were $785 million, including $127 million of pre-operating startup costs, exceeding guidance due to better-than-expected performance in the Steel Mills segment [19][21] - The company generated over $1.5 billion in operating cash flow during Q4, with working capital contributing about $250 million [20] Business Line Data and Key Metrics Changes - The Steel Mills Group generated $588 million in pre-tax earnings for Q4, a 33% decrease from the previous quarter, with total steel mill shipments declining by 4% [21] - The Steel Products segment delivered pre-tax earnings of $656 million, contributing over half of the total segment earnings for Q4, marking its second-best year with $3.4 billion in segment earnings for 2023 [22] - The Raw Materials segment posted a pre-tax loss of approximately $14 million for the quarter, with stable pricing but lower output and increased per ton costs due to planned outages [22] Market Data and Key Metrics Changes - The U.S. economy remains resilient, with steel-intensive megatrends driving increased demand for Nucor's products, particularly in sectors like infrastructure and advanced manufacturing [6][15] - Non-residential construction, Nucor's largest end market, is expected to grow double-digits over the next two years, offsetting softness in more rate-sensitive sectors [17] - The company anticipates federal programs supporting megatrends to add between 5 million to 8 million tons of incremental annual demand for steel in the coming years [15] Company Strategy and Development Direction - Nucor's strategy focuses on value creation through prudent capital deployment, with over $12 billion invested in CapEx and strategic acquisitions since 2020 [10] - Sustainability is a key differentiator, with Nucor committing to net-zero steelmaking by 2050 and being the largest recycler in the Western Hemisphere [11][12] - The company is expanding its "Expand Beyond" strategy into steel-adjacent platforms, contributing approximately $415 million in EBITDA for 2023, with a goal of reaching $700 million in the coming years [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term prospects for the steel industry, despite some near-term headwinds such as slower adoption rates for electric vehicles and delays in offshore wind projects [16] - The outlook for 2024 appears stable, with expectations of improved performance in the steel mills and raw materials segments, partially offset by weaker earnings from the Steel Products segment [26][27] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to support growth and capital allocation strategies [24] Other Important Information - Nucor invested $2.2 billion in CapEx and returned $2.1 billion to shareholders in 2023, representing 46% of net earnings [6][23] - The company expects total capital expenditures of approximately $3.5 billion for 2024, with a focus on growth projects [25] Q&A Session Summary Question: Market confidence in commercial construction and infrastructure - Management noted strong performance in long products divisions and increased utilization rates, indicating optimism for continued demand in structural products [30] Question: Update on EBITDA goals from Investor Day - Management reaffirmed confidence in reaching a normalized EBITDA of $6.7 billion, with ongoing projects expected to contribute positively [40][42] Question: Capital allocation and M&A pipeline - Management confirmed a disciplined approach to potential acquisitions, emphasizing the importance of not overpaying for assets while maintaining liquidity for growth opportunities [48][50] Question: Status of Brandenburg plate mill profitability - Management expects Brandenburg to reach breakeven by mid-2024, with ongoing improvements in production capabilities [55] Question: Conversion costs and future expectations - Management indicated that conversion costs are expected to decrease slightly as growth projects stabilize, but not significantly [61]

FOURTH QUARTER AND YEAR-END 2023 EARNINGS CALL LEON TOPALIAN Chair, President and CEO STEVE LAXTON Executive Vice President and CFO FORWARD-LOOKING STATEMENTS Certain statements made in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The words “anticipate,” “believe,” ...

智通财经APP获悉，周二，美股钢铁板块涨跌不一，截至发稿，克里夫斯天然资源公司(CLF.US)涨超2%，纽柯钢铁(NUE.US)涨超3.6%，特尔尼翁钢铁(TX.US)跌0.71%，美国钢铁(X.US)跌0.23%。 消息面上，纽柯钢铁四季度营收为77亿美元，超过了FactSet调查的分析师预期的76.3亿美元。季度利润为7.854亿美元，合每股3.16美元，而去年同期为12.6亿美元，合每股4.89美元。FactSet调查的分析师预计每股收益为2.83美元。瑞银集团给予纽柯钢铁“买入”评级，目标价为210美元。 ...

Nucor (NUE) reported $7.7 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 11.7%. EPS of $3.16 for the same period compares to $4.89 a year ago.The reported revenue represents a surprise of +1.86% over the Zacks Consensus Estimate of $7.56 billion. With the consensus EPS estimate being $2.83, the EPS surprise was +11.66%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Nucor (NUE) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $4.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.66%. A quarter ago, it was expected that this steel company would post earnings of $4.26 per share when it actually produced earnings of $4.57, delivering a surprise of 7.28%.Over the last four quarters, the company has su ...

Fourth quarter and full year 2023 diluted EPS of $3.16 and $18.00, respectively. Fourth quarter and full year 2023 net earnings before noncontrolling interests of $872.8 million and $4.91 billion, respectively; EBITDA of $1.36 billion and $7.41 billion, respectively. 2024 expected to be another strong year as Nucor executes its strategy to grow the core and expand its portfolio of solutions. Capital deployment expected to increase in 2024 with planned capital expenditures of $3.5 billion, continued evaluat ...

Nucor (NUE) closed the latest trading day at $174.70, indicating a +1.2% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.The steel company's shares have seen a decrease of 2.95% over the last month, surpassing the Basic Materials sector's loss of 7.42% and falling behind the S&P 500's gain of 2.48%.The upcoming earnings release of Nucor will be of g ...