Nucor Q1 2024 EPS $3.46, net sales $8.14B; Q2 guidance calls for lower earnings

NUCOR CORP

2024-Q1 EPS reported $3.46 revenue$8,137,083,000

Net earnings $844.8M ($3.46/diluted sh) vs Q4 2023 $785.4M ($3.16) and Q1 2023 $1.14B ($4.45).
Steel mills segment earnings $1.102B, up from $838M in Q1 2023; steel products segment $511.6M, down from $970.8M.
Total shipments 6.22M tons, up 5% QoQ; average sales price up 1% QoQ but down 3% YoY.
Q2 2024 earnings expected to decrease from Q1, led by lower steel mill average selling prices.
Repurchased 5.5M shares at avg $180.79; $2.32B remaining; $0.54 dividend payable May 10.

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 0.99

NUCOR CORP reported first quarter of 2024 results: revenue $8.14 billion, net income $844.8 million, EPS $3.46 per diluted share. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: $8.14 billion
Net income: $844.8 million
EPS: $3.46 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Nucor’s consolidated net sales were $8.14 billion in the first quarter of 2024

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499 earnings releases filed in the last 30 days. Browse all earnings releases →

NUCOR CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-105065

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