NYSE$NUE
Nucor Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Nucor's earnings decreased due to lower average selling prices in the steel mills segment, and lower prices and volumes in the steel products segment. Non-cash impairment charges also impacted the raw materials segment.
Nucor reported consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share, for Q3 2024. Adjusted net earnings were $353.0 million, or $1.49 per diluted share. Net sales were $7.44 billion.
- Consolidated net earnings attributable to Nucor stockholders were $249.9 million, or $1.05 per diluted share.
- Adjusted net earnings attributable to Nucor stockholders were $353.0 million, or $1.49 per diluted share, excluding non-cash impairment charges.
- Net sales reached $7.44 billion.
- Cash from operations was over $1.30 billion for the quarter.
Headline financials
Revenue & EPS history
Nucor · Revenue · Quarterly
$7.44B
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 anticipates a decrease in consolidated net earnings attributable to Nucor stockholders in the fourth quarter of 2024, compared to the third quarter of 2024.
Tailwinds
- Raw materials segment earnings are expected to increase (excluding the impairment charge from Q3).
Headwinds
- Steel mills segment earnings are expected to decrease due to lower average selling prices and decreased volumes.
- Steel products segment earnings are expected to decrease due to lower average selling prices and decreased volumes.
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 2024
+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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