The earnings call highlighted Nucor's strong cash position, safety achievements, and resilience in its diversified product segment. However, significant challenges were noted, including decreased steel demand, margin pressures, and expected lower earnings in the fourth quarter. The sentiment is tempered by ongoing market uncertainties and pressures from imports.

Company Guidance

During Nucor's Q3 2024 earnings call, the company provided detailed guidance on several key metrics. Nucor generated EBITDA of $869 million and adjusted earnings of $1.49 per share, excluding noncash pretax charges of $123 million. The company returned $2.3 billion to shareholders through share repurchases and dividends and completed $2.3 billion in capital expenditures, ending the quarter with $4.9 billion in cash on hand. Nucor anticipates lower net earnings in Q4, driven by expected declines in the Steel Mills and Steel Products segments due to lower realized pricing and seasonally lower volumes. Capital expenditures for 2024 are expected to reach approximately $3.2 billion, with projections for continued elevated spending in 2025 as significant growth projects progress.

Safest Year in Company's History

Nucor is on track for its safest year ever, with injury and illness rates trending lower and 35 out of 109 divisions injury-free through September.

Strong Cash Position

Nucor returned $2.3 billion to shareholders and completed $2.3 billion of capital expenditures, ending the quarter with $4.9 billion in cash.

Brandenburg Achieves EBITDA Positive

The Brandenburg steel mill achieved EBITDA positive status in September, reflecting successful ramp-up and operational performance.

Diversified Product Segment Resilience

The Steel Products segment contributed 42% of Nucor's pretax earnings, nearly 3 times the historical average, showcasing strong resilience.

Strong Performance in Semiconductor and Advanced Manufacturing Construction

Construction related to semiconductor factories and advanced manufacturing facilities remains strong, with significant projects underway.

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Nucor (GB:0K9L) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0K9L Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 27, 2025	2024 (Q4)	0.73 / -	3.16	―	―	―
Oct 21, 2024	2024 (Q3)	1.50 / 1.49	4.57	-67.40% (-3.08)
Jul 22, 2024	2024 (Q2)	2.49 / 2.68	5.81	-53.87% (-3.13)
Apr 22, 2024	2024 (Q1)	3.67 / 3.46	4.45	-22.25% (-0.99)
Jan 29, 2024	2023 (Q4)	2.92 / 3.16	4.89	-35.38% (-1.73)
Oct 23, 2023	2023 (Q3)	4.29 / 4.57	6.5	-29.69% (-1.93)
Jul 24, 2023	2023 (Q2)	5.54 / 5.81	9.67	-39.92% (-3.86)
Apr 20, 2023	2023 (Q1)	3.87 / 4.45	7.67	-41.98% (-3.22)
Jan 26, 2023	2022 (Q4)	4.16 / 4.89	7.97	-38.64% (-3.08)
Oct 20, 2022	2022 (Q3)	6.74 / 6.50	7.28	-10.71% (-0.78)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0K9L Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 21, 2024	$155.77	$147.41	-5.37%
Jul 22, 2024	$161.15	$158.94	-1.38%
Apr 22, 2024	$191.25	$176.84	-7.53%
Jan 29, 2024	$173.73	$186.00	+7.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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