Nucor Q1 2023 EPS $4.45, sales $8.71B; guides Q2 earnings up

NUCOR CORP

2023-Q1 EPS reported $4.45 revenue$8,709,980,000

Net earnings attributable to Nucor stockholders $1.14B ($4.45/diluted share); net sales $8.71B.
Steel mills segment earnings $838M (down from $2.58B YoY); steel products $971M (up from $685M).
Expects Q2 2023 earnings to increase vs Q1, driven by sheet mill margin expansion.
Repurchased 2.7M shares at avg $156.35; declared $0.51 dividend payable May 11.
Cash & equivalents $4.7B; $1.75B credit facility undrawn.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NUCOR CORP reported first quarter of 2023 results: revenue $8.71 billion, net income $1.14 billion, or $4.45 per diluted share, EPS $4.45 per diluted share. Guidance raised.

Period: first quarter of 2023
Revenue: $8.71 billion
Net income: $1.14 billion, or $4.45 per diluted share
EPS: $4.45 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

for the First Quarter of 2023 First Quarter of 2023 Highlights • Net earnings attributable to Nucor stockholders of $1.14 billion, or $4.45 per diluted share • Net sales of $8.71 billion • Net earnings before noncontrolling interests of $1.23 billion; EBITDA of $1.89 billion • Earnings expected to increase in the second quarter of 2023 on stronger steel mills

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Source: SEC EDGAR

accession 0001193125-23-107856

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