secwatch.observer — SEC 8-K summary
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Issuer:     NUCOR CORP (NUE)
CIK:        0000073309
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001193125-22-265817
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nucor Q3 EPS $6.50 vs $9.67 Q2; guides Q4 lower on steel mill weakness
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- Q3 net earnings $1.69B ($6.50 diluted EPS) versus Q2 $2.56B ($9.67) and Q3 2021 $2.13B ($7.28).
- Revenue $10.50B, down 11% QoQ; steel mill shipments fell 9% QoQ; operating rate 77%.
- Steel mills segment earnings $1.29B, down 59% from Q3 2021; metal margin contraction cited.
- Q4 outlook: earnings expected to decrease QoQ, with steel mills profitability considerably lower, especially sheet mills.
- Repurchased 5.3M shares at avg $122.24 in Q3; $1.49B remaining under buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73309/000119312522265817/0001193125-22-265817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73309/000119312522265817/d411100d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-265817

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