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
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
