NYSE$NUE
Nucor Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Nucor's earnings decreased compared to the previous year, but increased compared to the previous quarter.
Nucor Corporation reported consolidated net earnings of $108.9 million, or $0.36 per diluted share, for the second quarter of 2020. While this represents a decrease compared to the second quarter of 2019, it is an increase compared to the first quarter of 2020.
- Consolidated net earnings were $108.9 million, or $0.36 per diluted share.
- Net sales decreased 23% to $4.33 billion compared to the first quarter of 2020.
- Tons shipped to outside customers were 5,479,000, a 24% decrease from the first quarter of 2020.
- The company had $3.04 billion in cash and cash equivalents at the end of the quarter.
Headline financials
Revenue & EPS history
Nucor · Revenue · Quarterly
$4.33B
Revenue by segment
Nucor · $181M total across 4 segments · Q2 2020
- Steel Mills$161M—89.2%
- Steel Products$156M—86.1%
- Raw Materials-$1.83M—-1.0%
- Corporate/Eliminations-$134M—-74.2%
Forward guidance
Nucor anticipates that earnings in the third quarter of 2020 will be similar to the second quarter of 2020.
Tailwinds
- Downstream products segment is expected to have another strong quarter due to resilient nonresidential construction markets.
- Nonresidential construction market conditions continue to benefit bar and structural mills.
- The company is well positioned to navigate the uncertain environment due to its diverse product mix.
- The company has an advantaged cost position.
- The company has flexible production capability.
Headwinds
- The ongoing COVID-19 pandemic continues to cause uncertainty in overall market conditions.
- Market conditions for sheet and plate mills remain challenged.
- Average selling prices remain depressed.
- Raw materials segment performance is expected to decrease due to depressed pricing.
- Weak oil and gas market activity hurts sheet and plate mills.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.6%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+3.5%
Avg return
30 days after
56%
41 / 73 earnings
Positive
+11.2%
Q3 2022
Best reaction
-8.7%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | +0.3% | +11.0% | |
| Q4 2025 | +0.8% | +5.1% | +14.5% | |
| Q3 2025 | +5.4% | +4.1% | +10.4% | |
| Q2 2025 | -1.7% | +2.5% | -8.6% | |
| Q1 2025 | +1.9% | +5.5% | -6.5% | |
| Q4 2024 | +3.8% | +5.3% | +10.5% | |
| Q3 2024 | -7.7% | -10.6% | -6.4% | |
| Q2 2024 | -0.6% | -1.0% | -9.9% | |
| Q1 2024 | -8.7% | -8.3% | -10.6% | |
| Q4 2023 | +7.9% | +4.7% | +9.8% | |
| Q3 2023 | +4.1% | +4.8% | +11.3% | |
| Q2 2023 | +5.5% | +3.1% | +1.9% | |
| Q1 2023 | +4.0% | +0.2% | -6.1% | |
| Q4 2022 | +6.5% | +7.9% | +3.7% | |
| Q3 2022 | +11.2% | +12.0% | +16.5% | |
| Q2 2022 | +1.8% | +4.7% | +17.3% | |
| Q1 2022 | -4.8% | -7.2% | -29.1% | |
| Q4 2021 | +7.3% | +15.5% | +39.8% | |
| Q3 2021 | -2.7% | +6.0% | +7.3% | |
| Q2 2021 | +1.5% | +5.9% | +25.3% | |
| Q1 2021 | -2.9% | +0.6% | +27.4% | |
| Q4 2020 | -5.1% | -1.7% | +16.5% | |
| Q3 2020 | +3.6% | -0.5% | +8.5% | |
| Q2 2020 | +1.4% | +1.0% | +5.8% | |
| Q1 2020 | +4.9% | +1.2% | +5.1% | |
| Q4 2019 | -2.3% | -3.4% | -15.0% | |
| Q3 2019 | +2.3% | +3.9% | +4.7% | |
| Q2 2019 | +3.7% | +3.4% | -10.9% | |
| Q1 2019 | +2.4% | -1.0% | -9.8% | |
| Q4 2018 | +3.1% | +5.1% | +3.5% | |
| Q3 2018 | -1.2% | -0.8% | +7.0% | |
| Q2 2018 | +1.0% | +3.4% | -4.9% | |
| Q1 2018 | -2.9% | -4.8% | +0.2% | |
| Q4 2017 | -3.0% | -7.0% | -2.2% | |
| Q3 2017 | +4.7% | +4.4% | -4.3% | |
| Q2 2017 | -0.7% | +0.4% | -10.8% | |
| Q1 2017 | +4.1% | +5.8% | -1.7% | |
| Q4 2016 | -5.3% | -4.6% | +4.2% | |
| Q3 2016 | -0.3% | -2.1% | +22.5% | |
| Q2 2016 | -2.5% | -0.7% | -7.5% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | +9.4% | — | — | |
| Q3 2015 | +7.9% | — | — | |
| Q2 2015 | +1.1% | — | — | |
| Q1 2015 | +2.8% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | +0.6% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -1.9% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | -1.9% | — | — | |
| Q1 2012 | -6.0% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q2 2010 | -2.9% | — | — | |
| Q1 2009 | +0.4% | — | — | |
| Q1 2010 | +3.4% | — | — | |
| Q4 2009 | -1.6% | — | — | |
| Q4 2007 | -1.6% | — | — | |
| Q3 2008 | +0.2% | — | — | |
| Q3 2009 | +0.2% | — | — | |
| Q4 2008 | -1.0% | — | — | |
| Q2 2009 | -1.0% | — | — | |
| Q2 2008 | -1.0% | — | — |
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