Categories AlphaGraphs, Earnings, Industrials
Infographic: Nucor Corporation (NUE) Q3 2023 earnings and sales decline
Steel manufacturer Nucor Corporation (NYSE: NUE) reported lower sales and net profit for the third quarter of 2023. The company also provided guidance for the fourth quarter.
Third-quarter 2023 net profit declined sharply to $1.14 billion or $4.57 per share from $1.69 billion or $6.50 per share in the corresponding period of last year.
The bottom line was negatively impacted by a 16% fall in net sales to $8.78 billion. Total shipments decreased 2% year-over-year to 5.75 million tons, hurt mainly by an 8% fall in bars shipments.
The company said it expects fourth-quarter 2023 earnings to decrease compared to the third quarter due primarily to lower pricing across all three operating segments, and, to a lesser extent, decreased volumes.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Eli Lilly’s (LLY) Q1 2024 earnings results
Eli Lilly and Company (NYSE: LLY) reported first quarter 2024 earnings results today. Worldwide revenue was $8.77 billion, up 26% from the year-ago quarter, driven by increases of 16% in
MCD Earnings: Key quarterly highlights from McDonald’s Q1 2024 financial results
McDonald's Corporation (NYSE: MCD) reported first quarter 2024 earnings results today. Revenues increased 5% year-over-year to $6.1 billion. Revenue growth was 4% in constant currencies. Net income grew 7% to
KO Earnings: All you need to know about Coca-Cola’s Q1 2024 earnings results
The Coca-Cola Company (NYSE: KO) reported its first quarter 2024 earnings results today. Net revenues grew 3% year-over-year to $11.3 billion. Organic revenues grew 11%. Net income attributable to shareowners