财务业绩 - 公司第三季度合并净收益为2.499亿美元，每股摊薄收益为1.05美元[1] - 剔除季度内的非现金减值损失后，公司第三季度调整后合并净收益为3.53亿美元，每股摊薄收益为1.49美元[2] - 前九个月合并净收益为17.4亿美元，每股摊薄收益为7.22美元[3] - 第三季度净收益(包括非控股权益)为3.028亿美元，EBITDA为8.69亿美元[1] - 第三季度净销售额为74.44亿美元，同比下降15%[25] - 第三季度税前利润为3.88亿美元，同比下降75%[25] - 第三季度净利润为2.50亿美元，同比下降78%[25] - 第三季度每股基本收益为1.05美元，同比下降77%[25] - 截至2024年9月28日的9个月累计净销售额为236.58亿美元，同比下降12%[25] - 截至2024年9月28日的9个月累计净利润为17.40亿美元，同比下降53%[25] - 截至2024年9月28日的9个月累计每股基本收益为7.23美元，同比下降51%[25] - 第三季度净收益为3.03亿美元，同比下降75.2%[32] - 第三季度EBITDA为8.69亿美元，同比下降52.4%[32] - 第三季度调整后净收益为3.53亿美元，同比下降71.1%[33] 现金流和资本支出 - 前9个月资本支出为22.94亿美元，同比增加53.3%[31] - 前9个月现金流量为32.46亿美元，同比下降41.9%[31] - 前9个月收购支出为6.72亿美元[31] - 前9个月投资支出为10.37亿美元，同比下降13.6%[31] - 前9个月股票回购支出为19.02亿美元，同比增加38.1%[31] - 前9个月现金股利支付为3.94亿美元，同比增加1.5%[31] - 前9个月非控股权益分配为3.33亿美元，同比下降19.1%[31] 财务状况 - 公司拥有48.6亿美元的现金及现金等价物和短期投资[10] - 2024年9月28日的总资产为343.46亿美元，较2023年12月31日的353.41亿美元下降2.8%[28,29] 其他 - 公司是北美最大的钢铁回收商[16] - 公司使用EBITDA、调整后合并净收益和调整后每股摊薄收益等非公认会计准则指标来评估公司业绩[17][18][19] - 第三季度钢铁厂总出货量为571.9万吨，与去年同期持平[22] - 钢铁厂对外销售量为460.7万吨，同比增长1%[23] - 公司在第三季度回购了250万股普通股，平均价格为156.07美元/股[11] - 公司预计第四季度合并净收益将低于第三季度的1.05美元/股[13]

Third Quarter of 2024 HighlightsConsolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share.Adjusted net earnings attributable to Nucor stockholders of $353.0 million, or $1.49 per diluted share.Net sales of $7.44 billion.Net earnings before noncontrolling interests of $302.8 million; EBITDA of $869.0 million.CHARLOTTE, N.C., Oct. 21, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders ...

Nucor Corporation (NUE) is set to release third-quarter 2024 results after the closing bell on Oct. 21.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The U.S. steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. NUE has a trailing four-quarter earnings surprise of 7.6%, on average. It posted an earnings surprise of 16% in the last reported quarter. Lower earnings in the steel mills segment on weaker selling prices are likely ...

The upcoming report from Nucor (NUE) is expected to reveal quarterly earnings of $1.40 per share, indicating a decline of 69.4% compared to the year-ago period. Analysts forecast revenues of $7.2 billion, representing a decrease of 17.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 21.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company revea ...

The market expects Nucor (NUE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these key numbers are bett ...

CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the third quarter ended September 28, 2024, followed by a question-and-answer session. The event will be available on the internet on October 22, 2024, at 10:00 a.m. Eastern Time.    What:       ...

Nucor Corporation’s (NUE) shares have tumbled 23.9% in the past six months, underperforming the Zacks Steel Producers industry’s decline of 17.4%. The bearishness reflects the choppiness in the steel space underpinned by the significant pullback in U.S. steel prices, which has led to a downward revision in NUE’s earnings estimates.NUE is currently trading at a roughly 26% discount to its 52-week high of $203 reached on April 9, 2024. Given the pullback in Nucor’s shares, investors might be tempted to snap u ...

Nucor Corporation (NUE) issued guidance for the third quarter of 2024. The company expects earnings per share (EPS) to range between 87 cents and 97 cents. After accounting for certain one time non-cash charges totaling approximately 43 cents per share, the adjusted EPS is projected to be between $1.30 and $1.40. This marks a notable decline compared with EPS of $2.68 in second-quarter 2024 and $4.57 in third-quarter 2023.The non-adjusted earnings guidance for third-quarter 2024 includes estimated one time ...

CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its third quarter ending September 28, 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share, described below, we expect third quarter adjusted earnings per diluted share to be in the range of $1.30 to $1.40. Nucor reported net earnings of $2.68 per diluted sha ...

文章核心观点 - 公司正在执行扩张战略,包括新收购和提升公司能力 [1] - 公司最近发布的2024年展望并不乐观,平均销售价格下降也不利于公司 [2] - 但考虑到公司之前的自由现金流增长轨迹和正在进行的股票回购计划,公司目前估值被严重低估,有较大上涨潜力 [2][3] 公司概况 - 公司成立于1958年,是北美最大的钢铁回收商 [2] - 2023年公司回收了近1840万吨废钢 [2] 客户多样化 - 公司最大客户占总销售额的5%,意味着单一客户问题不会对公司未来收益增长造成重大影响 [4] - 公司有较强的价格议价能力,相比客户数量有限的竞争对手更有优势 [4] 订单量增长 - 钢铁业务2023年底订单量达32.7亿美元,同比增加40% [5] - 钢铁产品业务2023年底订单量达49.7亿美元 [5] - 大部分订单预计在1年内完成,反映了未来现金流的增长潜力 [5] 收购带来的优势 - 公司近期收购了C.H.I.、CSI、Cornerstone Building Brands和Hannibal等资产 [6] - 这些收购将带来额外产能和现金流潜力,同时也让公司获得了新的专业知识 [6] - 收购行为表明公司管理层对行业长期前景充满信心 [6] 股票回购 - 公司2023年批准了40亿美元的股票回购计划 [7][8] - 公司之前以177美元的平均价格回购了自己的股票,低于当前股价,表明公司认为股票目前被低估 [8] - 股票数量的下降有利于每股价值的提升 [8] 资本支出计划 - 公司计划通过无担保循环信贷额度、债券发行等方式为新的资本支出提供资金 [10] - 新的资本支出将增加未来产能,加快自由现金流的增长潜力 [10] 估值分析 - 基于6%的加权平均资本成本、2031年终值EV/PCF为8倍以及2025-2031年的自由现金流预测,得出公司总企业价值为510亿美元,股权价值为496亿美元,合理股价约为209美元 [11][14][15] - 公司当前估值显著低于行业中位数水平 [16][17] 风险因素 - 平均销售价格和毛利率下降 [18][19] - 从国际市场采购原材料带来的风险 [20] - 天然气价格变动的影响 [21] - 商誉减值风险 [22] 结论 - 公司长期扩张战略和近期收购将加快未来自由现金流增长和产能提升 [23] - 新的资本支出计划和股票回购也将提升市场预期 [23] - 尽管2024年展望不佳,但公司过往的自由现金流表现和本文的保守预测显示其目前估值被严重低估 [23]