secwatch.observer — SEC 8-K summary
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Issuer:     NUCOR CORP (NUE)
CIK:        0000073309
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001193125-23-260894
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nucor Q3 2023 EPS $4.57, down 21% QoQ; guides Q4 lower on pricing weakness
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- Net earnings attributable to Nucor stockholders of $1.14B ($4.57 diluted EPS) vs $1.46B ($5.81) in Q2 2023 and $1.69B ($6.50) in Q3 2022.
- Consolidated net sales $8.78B, down 8% QoQ and 16% YoY, with steel mill shipments down 4% QoQ.
- Steel mills segment earnings $882.6M, down from $1.29B in Q3 2022; steel products earnings $806.7M vs $1.20B.
- Returned $627M to stockholders via share repurchases and dividends; $3.5B remaining under $4B buyback authorization.
- Q4 guidance: expects earnings decrease from Q3 due to lower pricing across all segments and planned DRI outages.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73309/000119312523260894/0001193125-23-260894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73309/000119312523260894/d454674d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-260894

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