- 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
Market News
Nucor Corporation (NUE) provides guidance for Q3 2024
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 […]
NYSE
$NUE · Earnings
“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 […]
· September 18, 2024
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.
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