Categories AlphaGraphs, Earnings, Industrials
Infographic: Nucor Corporation (NUE) Q3 2023 earnings and sales decline
Steel manufacturer Nucor Corporation (NYSE: NUE) reported lower sales and net profit for the third quarter of 2023. The company also provided guidance for the fourth quarter.
Third-quarter 2023 net profit declined sharply to $1.14 billion or $4.57 per share from $1.69 billion or $6.50 per share in the corresponding period of last year.
The bottom line was negatively impacted by a 16% fall in net sales to $8.78 billion. Total shipments decreased 2% year-over-year to 5.75 million tons, hurt mainly by an 8% fall in bars shipments.
The company said it expects fourth-quarter 2023 earnings to decrease compared to the third quarter due primarily to lower pricing across all three operating segments, and, to a lesser extent, decreased volumes.
Prior Performance
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 highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
