Nucor reports record Q2 2022 EPS of $9.67, net sales $11.79B, up 34% YoY

NUCOR CORP

2022-Q2 EPS reported $17.30 revenue$22,287,756,000

Record quarterly net earnings of $2.56B, or $9.67 per diluted share; Q2 2021 was $1.51B, $5.04 per share.
Net sales of $11.79B increased 34% YoY; average sales price per ton up 44% YoY; tons shipped down 7% YoY.
Steel products segment earnings surged to $1.13B from $259M YoY, driven by nonresidential construction demand.
Repurchased 5.1M shares at avg $157.37 in Q2; cash dividend of $0.50 declared, 197th consecutive quarterly dividend.
Guidance: expects Q3 2022 earnings to decrease from Q2 record but still strong; steel products earnings roughly in-line.

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