Nucor Corporation (NYSE:NUE) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Jack Sullivan - General Manager and IR Leon Topalian - Chair, President and CEO Steve Laxton - EVP and CFO Dave Sumoski - COO Noah Hanners - EVP, Raw Materials Al Behr - EVP, Plate and Structural Products Brad Ford - EVP, Fabricated Construction Products Chad Utermark - EVP, New Markets and Innovation John Hollatz - EVP, Bar and Rebar Fabrication Conference Call Participants Bennett Moore - JPMorgan ...

SECOND QUARTER 2024 EARNINGS CALL LEON TOPALIAN Chair, President and CEO STEVE LAXTON Executive Vice President and CFO July 23, 2024 2 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," "expect," "intend," "may," "project," "will," "should," "could" and similar expressions are intended t ...

Nucor Corporation (NUE) reported earnings of $2.68 per share in the second quarter of 2024, down from earnings of $5.81 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $2.31.The company recorded net sales of $8,077.2 million, down around 15% year over year. The figure beat the Zacks Consensus Estimate of $7,607.7 million. Operating FiguresTotal sales tons to outside customers for steel mills in the second quarter were 4,617,000 tons, down 3% year over year. The figure lagged ou ...

Nucor (NUE) reported $8.08 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 15.2%. EPS of $2.68 for the same period compares to $5.81 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $7.61 billion, representing a surprise of +6.17%. The company delivered an EPS surprise of +16.02%, with the consensus EPS estimate being $2.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Monday, July 22nd, 2024The sell-off we saw mid-last week appears to be addressed today. Even though major market indices are still below where they were, say, Thursday morning, the roughly -5% down-tick became a buying opportunity for a plurality of investors today. The Dow gained +127 points, +0.32%, while the S&P 500 gained +1.08%. The Nasdaq built back  from a week ago, +280 points or +1.58%, while small-caps once again felt their oats: the Russell 2000 grew +1.72% to a session high as of the close.We we ...

Nucor (NUE) came out with quarterly earnings of $2.68 per share, beating the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $5.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.02%. A quarter ago, it was expected that this steel company would post earnings of $3.62 per share when it actually produced earnings of $3.46, delivering a surprise of -4.42%.Over the last four quarters, the company has s ...

Exhibit 99.1 News Release Nucor Reports Results for the Second Quarter of 2024 Second Quarter of 2024 Highlights • Net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share. • Net sales of $8.08 billion. • Net earnings before noncontrolling interests of $712.1 million; EBITDA of $1.23 billion. CHARLOTTE, N.C. – July 22, 2024 - Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted ...

Second Quarter of 2024 HighlightsNet earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share.Net sales of $8.08 billion.Net earnings before noncontrolling interests of $712.1 million; EBITDA of $1.23 billion.CHARLOTTE, N.C., July 22, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share, for the second quarter of 2024. By comparison, Nucor reported consoli ...

Nucor Corporation (NUE) is set to release second-quarter 2024 results after the closing bell on Jul 22.The U.S. steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 4.6%, on average. It posted a negative earnings surprise of 4.4% in the last reported quarter. Lower earnings in the steel mills segment on weaker selling prices and volumes are likely to have hurt its second-quarter results.Nucor’s share ...

serts Nucor Corporation (NYSE:NUE) is facing some major macroeconomic headwinds in the coming year as the business climate declines sharply into contractionary territory. Management expects further declining steel prices and will offset prices with higher volumes, which will likely lead to tighter margins with the increased costs. Despite these broader challenges, public policy may provide some relief in the coming years as infrastructure and construction projects break ground with the help of funding b ...