secwatch.observer — SEC 8-K summary
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Issuer:     NUCOR CORP (NUE)
CIK:        0000073309
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001193125-24-240514
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nucor Q3 net earnings $250M ($1.05/diluted), down 78% YoY; guidance Q4 down further
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- Adjusted EPS $1.49 ex-impairments; GAAP EPS $1.05 vs $4.57 Q3 2023 and $2.68 Q2 2024.
- Net sales $7.44B, down 15% YoY; steel mill shipments -3% QoQ; average selling price -6% QoQ.
- Steel mills segment earnings $309M (-65% QoQ); steel products $314M (-61% QoQ); raw materials -$66M.
- Pre-operating costs $168M ($0.54/share); cash $4.86B; repurchased 2.5M shares at avg $156.07.
- Outlook: Q4 earnings to decrease vs Q3 on lower steel mill prices/volumes and steel products weakness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73309/000119312524240514/0001193125-24-240514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73309/000119312524240514/d889437d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-240514

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