Steel manufacturer Nucor Corporation (NYSE: NUE) has announced guidance for its third quarter ending September 28, 2024. The company is expected to release Q3 results on Monday, October 21, after markets close.
- The Nucor leadership said it expects third-quarter earnings to be in the range of $0.87 to $0.97 per share
- The EPS guidance includes estimated one-time non-cash pre-tax charges of about $123 million or $0.43 per share
- The management is looking for adjusted earnings in the range of $1.30 per share to $1.40 per share in Q3
- Earnings in the steel products segment are expected to decrease sequentially due to lower average selling prices and lower volumes
- Net income in the raw materials segment is also seen dropping in the third quarter compared to the second quarter of 2024
- During the third quarter, the company has repurchased around 2.5 million shares so far, at an average price of $156.07 per share
- It has returned about $2.29 billion to stockholders in the form of share repurchases and dividend payments year-to-date
- For the second quarter of 2024, Nucor reported net earnings of $2.68 per share; it posted net income of $4.57 per share for the third quarter of 2023
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Tyson Foods’ (TSN) Q4 2024 earnings results
Tyson Foods, Inc. (NYSE: TSN) reported its fourth quarter 2024 earnings results today. Sales of $13.6 billion rose 1.6% from the prior-year period. Net income attributable to Tyson was $357
SHOP Earnings: Shopify reports 26% growth in Q3 2024 revenue
E-commerce company Shopify Inc. (NYSE: SHOP) Tuesday reported a double-digit increase in third-quarter revenues, reflecting strong performance across all operating segments. September quarter revenues climbed 26% year-over-year to $2.16 billion,
HD Earnings: Key quarterly highlights from Home Depot’s Q3 2024 financial results
The Home Depot (NYSE: HD) reported its third quarter 2024 earnings results today. Sales were $40.2 billion, up 6.6% from the same period last year. Comparable sales decreased 1.3%.
