Nucor(US:NUE)2024-10-22 11:43Financial Performance - Q3 2024 Cash from Operations reached $1.3 billion and EBITDA was $869 million[4] - GAAP Earnings Per Share (diluted) stood at $1.05, while Adjusted Earnings Per Share (diluted) was $1.49[4] - The company allocated $400 million for Q3 Share Repurchases, representing approximately 2.5 million shares[4] - Year-to-date, $2.3 billion was returned to shareholders, and capital expenditures also amounted to $2.3 billion[4] - The company holds $4.9 billion in cash on hand, with Net Debt/LTM EBITDA remaining less than 1x[4] Segment Results (Q3 2024 vs Prior Quarter) - Steel Mills' pre-tax segment earnings decreased, with EBT/ton 51% lower[8,10] - Steel Products' pre-tax segment earnings also decreased, including a $40 million impairment[8,10] - Raw Materials segment experienced a loss, with a $83 million impairment[8,10] Market and Strategy - The company is on track for the safest year in its history, with a YTD Injury & Illness rate of 0.77 compared to 0.83 in the prior YTD period[4] - Steel Products segment is expected to have a long-term run rate EBITDA margin of 15%+[8] - Since 2017, the company has reduced its share count by 26%[16]