Nucor Q2 EPS $5.81, net sales $9.52B; sees Q3 earnings decline

NUCOR CORP

2022-Q3 EPS reported $10.26 revenue$18,233,236,000

EPS of $5.81 vs $4.45 Q1 and $9.67 YoY; net earnings $1.46B; EBITDA $2.21B.
Returned $580M via buybacks (3.1M shares at avg $147) and $0.51 dividend.
Steel mills segment earnings $1.404B; steel products $1.011B; raw materials $138M.
Outlook: expects Q3 earnings decrease vs Q2, with declines across all segments.
Operating rate 84%; average scrap cost $455/ton; pre-operating costs $90M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NUCOR CORP reported the second quarter of 2023 results: revenue $9.52 billion, net income $1.46 billion, EPS $5.81 per diluted share.

Period: the second quarter of 2023
Revenue: $9.52 billion
Net income: $1.46 billion
EPS: $5.81 per diluted share
Result: reported results

Exact text from the filing

Second Quarter of 2023 Highlights • $5.81 earnings per diluted share for the second quarter, bringing year-to-date diluted EPS to $10.26 • Net sales of $9.52 billion, a 9% increase over first quarter net sales • Net earnings attributable to Nucor stockholders of $1.46 billion; EBITDA of $2.21 billion

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Source: SEC EDGAR

accession 0001193125-23-192367

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