Categories AlphaGraphs, Earnings, Other Industries
Earnings: Nucor Corporation (NUE) reports lower sales and profit for Q2 2023
Steel manufacturer Nucor Corporation (NYSE: NUE) reported lower sales and net profit for the second quarter of 2023. The company also provided guidance for the third quarter.
Second-quarter 2023 net profit declined sharply to $1.46 billion or $5.81 per share from $2.56 billion or $9.67 per share in the corresponding period of last year.
The bottom line was negatively impacted by a 19% fall in net sales to $9.52 billion. Total shipments decreased 7% year-over-year to 5.98 million tons, with shipments in both the core Sheet and Bars segments declining.
“The investments we’ve made in recent years to grow our core and expand into new markets are generating strong returns for stockholders and further position Nucor as a highly efficient industrial manufacturer,” said the company’s CEO Leon Topalian.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported second quarter 2024 earnings results today. Revenues increased 1% year-over-year to $22.1 billion. Net loss attributable to The Walt Disney Company was $20
Earnings Preview: Alibaba likely to report mixed results for Q4
Alibaba Group Holding Limited (NYSE: BABA) will be reporting fourth-quarter 2024 financial results next week. Over the years, the e-commerce giant successfully diversified its business and emerged as a major
A look at Tyson Foods’ (TSN) expectations for the remainder of FY2024
Shares of Tyson Foods, Inc. (NYSE: TSN) fell over 7% on Monday. The stock has gained 7% year-to-date. The company delivered mixed results for the second quarter of 2024, with