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
NKE Earnings: Here’s everything you need to know about Nike’s Q1 report
Nike, Inc. (NYSE: NKE) on Thursday reported results for the first three months of fiscal 2024, reporting a modest rise in revenues. The sneaker giant reported net income of $1.45
Key takeaways from Accenture’s (ACN) Q4 2023 earnings report
Shares of Accenture plc (NYSE: ACN) were down 4% on Thursday after the company delivered mixed results for the fourth quarter of 2023 and provided full-year guidance that came below
CarMax (KMX) Q2 2024 Earnings: Key financials and quarterly highlights
CarMax, Inc. (NYSE: KMX) reported second quarter 2024 earnings results today. Net revenues were $7.1 billion, down 13.1% compared to the same period a year ago. Net earnings declined 5.8%
