Nucor ( (NUE) ) has released its Q4 earnings. Here is a breakdown of the information Nucor presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Nucor Corporation is a leading manufacturer of steel and steel products in North America, recognized for its diverse product range and as the largest recycler in the region. In its latest earnings report, Nucor announced a diluted EPS of $1.22 for the fourth quarter of 2024, with net sales reaching $7.08 billion. For the full year, the company reported a diluted EPS of $8.46 and net sales of $30.73 billion. Despite a challenging year with softened steel demand, Nucor remains optimistic about future market conditions. Key financial highlights include net earnings attributable to stockholders of $287 million for the fourth quarter and $2.03 billion for the full year. The steel mills segment saw a decrease in earnings due to lower selling prices and volumes, while the raw materials segment experienced an increase. Nucor’s commitment to shareholder returns is evident from its 207 consecutive quarterly dividends and significant share repurchases. Moving forward, Nucor’s management anticipates stable earnings in most segments for the first quarter of 2025, while acknowledging potential challenges from increased corporate costs.
