Nucor Q4 2023 EPS $3.16, FY2023 EPS $18.00; revenue down 12% YoY; guides Q1 2024 higher

NUCOR CORP

2023-FY EPS reported $18.00 revenue$34,713,501,000

Q4 2023 net earnings $785.4M ($3.16/diluted) vs $1.26B ($4.89) in Q4 2022; FY2023 net earnings $4.52B ($18.00) vs $7.61B ($28.79) in FY2022.
Q4 2023 net sales $7.70B, down 12% from Q4 2022; FY2023 net sales $34.71B, down 16% from FY2022.
Steel mills segment Q4 earnings $587.9M; steel products $655.6M; raw materials lost $14.4M.
Dividend raised 6% to $0.54/share (payable Feb 9, 2024); 51 consecutive years of increases; $2.1B returned to shareholders in 2023.
Q1 2024 outlook: earnings expected to increase vs Q4 2023, driven by higher steel mill pricing/volumes and improved raw materials profitability.

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 1.0

NUCOR CORP reported the fourth quarter of 2023 results: revenue $7.70 billion, net income $785.4 million, EPS $3.16 per diluted share.

Period: the fourth quarter of 2023
Revenue: $7.70 billion
Net income: $785.4 million
EPS: $3.16 per diluted share
Result: reported results

Exact text from the filing

www.nucor.com News Release Nucor Reports Results for the Fourth Quarter and Full Year 2023 (Continued) Financial Review Nucor’s consolidated net sales decreased 12% to $7.70 billion in the fourth quarter of 2023 compared with $8.78 billion in the third quarter of 2023 and decreased 12% compared with $8.72 billion in the fourth quarter of 2022. Average sales

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NUCOR CORP reported the full year 2023 results: revenue $34.71 billion, net income $4.52 billion, EPS $18.00 per diluted share.

Period: the full year 2023
Revenue: $34.71 billion
Net income: $4.52 billion
EPS: $18.00 per diluted share
Result: reported results

Exact text from the filing

fourth quarter of 2023 decreased 11% from the third quarter of 2023 and decreased 14% from the fourth quarter of 2022. For the full year 2023, Nucor’s consolidated net sales of $34.71 billion decreased 16% compared with consolidated net sales of $41.51 billion reported for the full year 2022. Total tons shipped to outside customers in 2023 were approximately

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Source: SEC EDGAR

accession 0001193125-24-018332

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