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
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
