Nucor GAAP EPS of $3.46 misses by $0.20, revenue of $8.14B misses by $160M [Seeking Alpha]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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US:NYSE Investor Relations:
nucor.com/investor
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Source: Seeking Alpha
At the end of the first quarter of 2024, we had $5.54 billion in cash and cash equivalents, short-term investments and restricted cash and cash equivalents on hand. The Company's $1.75 billion revolving credit facility remains undrawn and does not expire until November 2026. Nucor continues to have the strongest credit rating in the North American steel sector (A-/A-/Baa1) with stable outlooks at Standard & Poor's, Fitch Ratings and Moody's. Q2 Outlook: We expect earnings in the second quarter of 2024 to decrease compared to the first quarter of 2024. The largest driver for the expected decrease in earnings in the second quarter of 2024 is the decreased earnings of the steel mills segment, primarily due to lower average selling prices partially offset by modestly increased volumes. The steel products segment is expected to have moderately decreased earnings in the second quarter of 2024 as compared to the first quarter of 2024 due to lower average selling prices, partially of
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NUE
News
- Increases to Nucor Corporation's (NYSE:NUE) CEO Compensation Might Cool off for now [Yahoo! Finance]Yahoo! Finance
- Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 5/3/24 - Form 4
- 4/30/24 - Form 3
- 4/22/24 - Form 8-K
- NUE's page on the SEC website