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Nucor Reports Results for the Second Quarter of 2024
Prnewswire· 2024-07-23 04:30
文章核心观点 - 公司第二季度净收益下降 主要是钢铁板块收益下降 [2][3] - 公司预计第三季度收益将进一步下降 主要是钢铁板块和原料板块收益下降 [17] - 公司保持良好的财务状况 现金和现金等价物充足 信用评级优秀 [13] - 公司持续推进股票回购计划 并保持连续235个季度派发现金股利 [14][15] 公司经营情况 - 第二季度公司总销量同比下降5% [27] - 第二季度公司平均销售价格同比下降11% [7] - 第二季度公司钢铁板块产量与上季度持平 同比下降2% [7] - 第二季度公司下游钢铁产品销量同比下降10% [7] - 第一半年公司总销量同比下降4% 平均销售价格同比下降7% [8] 成本和利润 - 第二季度公司平均废钢和替代品成本同比下降13% [9] - 第二季度公司钢铁板块利润下降 主要是销售价格下降和销量下降所致 [16] - 第二季度公司新项目前期费用同比增加 [10][11] - 第二季度公司钢铁厂产能利用率下降至75% [12] 展望和策略 - 公司保持长期增长战略 持续投资扩张钢铁及相关下游业务 [4][5] - 公司预计第三季度收益将进一步下降 主要是钢铁板块和原料板块收益下降 [17] - 公司通过股票回购和现金股利派发持续回报股东 [14][15]
Will Weaker Steel Prices Weigh on Nucor's (NUE) Earnings in Q2?
ZACKS· 2024-07-19 21:06
Nucor Corporation (NUE) is set to release second-quarter 2024 results after the closing bell on Jul 22.The U.S. steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 4.6%, on average. It posted a negative earnings surprise of 4.4% in the last reported quarter. Lower earnings in the steel mills segment on weaker selling prices and volumes are likely to have hurt its second-quarter results.Nucor’s share ...
Nucor Is Diversifying To Hedge In A Soft Steel Market
Seeking Alpha· 2024-07-16 14:38
serts Nucor Corporation (NYSE:NUE) is facing some major macroeconomic headwinds in the coming year as the business climate declines sharply into contractionary territory. Management expects further declining steel prices and will offset prices with higher volumes, which will likely lead to tighter margins with the increased costs. Despite these broader challenges, public policy may provide some relief in the coming years as infrastructure and construction projects break ground with the help of funding b ...
Earnings Preview: Nucor (NUE) Q2 Earnings Expected to Decline
ZACKS· 2024-07-15 23:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Nucor (NUE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 22, 2024, might help the stock move higher if these key numbers are better than expectations. On ...
Nucor Invites You to Join Its Second Quarter of 2024 Conference Call on the Web
Prnewswire· 2024-07-09 21:00
CHARLOTTE, N.C., July 9, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) second 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 second quarter ended June 29, 2024, followed by a question-and-answer session. The event will be available on the internet on July 23, 2024, at 10:00 a.m. Eastern Time.    What:    Nucor's S ...
Nucor (NUE) Projects Lower Q2 Earnings Amid Weaker Steel Prices
ZACKS· 2024-06-18 00:51
Nucor Corporation (NUE) has announced its guidance for the second quarter of 2024. The company expects earnings between $2.20 per share and $2.30 per share. This compares unfavorably with $3.46 in the first quarter of 2024 and $5.81 in the second quarter of 2023. The primary factor behind the anticipated decrease is reduced earnings in the steel mills segment, mainly due to lower average selling prices and, to a lesser extent, lower volumes. The steel products segment is also expected to see decreased earni ...
Nucor Announces Guidance for the Second Quarter of 2024 Earnings
Prnewswire· 2024-06-14 19:30
CHARLOTTE, N.C., June 14, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its second quarter ending June 29, 2024. Nucor expects second quarter earnings to be in the range of $2.20 to $2.30 per diluted share. Nucor reported net earnings of $3.46 per diluted share in the first quarter of 2024 and $5.81 per diluted share in the second quarter of 2023. The largest driver for the expected decrease in earnings in the second quarter of 2024 as compared to the first quarter of 2024 ...
Nucor Announces 205th Consecutive Cash Dividend
Prnewswire· 2024-06-06 21:00
CHARLOTTE, N.C., June 6, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on August 9, 2024 to stockholders of record on June 28, 2024 and is Nucor's 205th consecutive quarterly cash dividend. About Nucor Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced inc ...
Nucor (NUE) Expands Portfolio With $565M Acquisition of Rytec
ZACKS· 2024-06-05 00:36
Nucor Corporation (NUE) announced an agreement to acquire Rytec Corporation, a leading manufacturer and seller of high-speed, high-performance commercial doors, for $565 million in an all-cash transaction. This represents approximately 12.5 times Rytec's projected 2024 EBITDA. Rytec, with more than 300 employees and two manufacturing facilities in Wisconsin, is renowned for its high-performance commercial doors. Rytec is a leader in high-performance commercial doors and serves several growing end-user marke ...
Nucor to Acquire Manufacturer of High-Performance Commercial Doors
Prnewswire· 2024-06-03 21:05
CHARLOTTE, N.C., June 3, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it has entered into an agreement to acquire Rytec Corporation, a manufacturer and seller of high-speed, high- performance commercial doors. The all-cash transaction is valued at $565 million, which represents approximately 12.5x Rytec's estimated 2024 EBITDA. With over 300 teammates operating out of two manufacturing facilities in Wisconsin, Rytec is widely considered to be the pre-eminent brand for high- perfor ...