NYSE$NUE
Nucor Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Nucor reported a decrease in net sales and earnings for Q3 2023 compared to both Q2 2023 and Q3 2022.
Nucor Corporation announced consolidated net earnings attributable to Nucor stockholders of $1.14 billion, or $4.57 per diluted share, for the third quarter of 2023. Net sales decreased by 16% compared to the third quarter of 2022.
- Q3 2023 earnings per diluted share (EPS) was $4.57.
- Net earnings attributable to Nucor stockholders for Q3 2023 was $1.14 billion.
- Nucor returned $627 million to stockholders through share repurchases and dividends during the quarter.
- Consolidated net sales decreased 16% to $8.78 billion in Q3 2023 compared to $10.50 billion in Q3 2022.
Headline financials
Revenue & EPS history
Nucor · Revenue · Quarterly
$8.78B
Revenue by segment
Nucor · $1.76B total across 3 segments · Q3 2023
- Steel Mills$883M—50.1%
- Steel Products$807M—45.8%
- Raw Materials$71.4M—4.1%
Forward guidance
Nucor expects earnings in the fourth quarter of 2023 to decrease compared to the third quarter of 2023 due primarily to lower pricing across all three operating segments, and, to a lesser extent, decreased volumes.
Headwinds
- Lower pricing across all three operating segments.
- Decreased volumes.
- Decrease in realized pricing to be most pronounced at sheet mills.
- Decreased earnings due to moderating average selling prices at most of the product groups within the steel products segment and lower volumes.
- Lower pricing for raw materials and planned outages at DRI facilities.
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 Q3 2023
+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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