secwatch.observer — SEC 8-K summary
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Issuer:     NUCOR CORP (NUE)
CIK:        0000073309
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001193125-24-018332
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73309/000119312524018332/0001193125-24-018332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73309/000119312524018332/d756569d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-018332

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