Nucor Corporation Announced Third Quarter 2023 Results

The company reported year-on-year dip in earnings during the quarter.

SEATTLE (Scrap Monster): Charlotte, N.C.-headquartered Nucor Corporation announced results for the third quarter of 2023. The company reported year-on-year dip in earnings during the quarter.

The company reported consolidated net earnings attributable to stockholders of $1.14 billion, or $4.57 per diluted share in Q3 2023. This compares with consolidated net earnings attributable to stockholders of $1.46 billion, or $5.81 per diluted share, for the sequential second quarter of 2023 and $1.69 billion, or $6.50 per diluted share, for the corresponding quarter a year before.

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Nucor reported consolidated net earnings attributable to stockholders of $3.74 billion, or $14.83 per diluted share during the initial nine-month period this year. It must be noted that the company had reported consolidated net earnings attributable to stockholders of $6.35 billion, or $23.85 per diluted share during January-September in 2022.

Leon Topalian, Nucor's Chair, President and Chief Executive Officer noted that the company is on track to deliver safety record for the fifth consecutive year. The earnings per diluted share of $14.83 is the third-best full-year result in the company’s history. The investments aimed at growing its core businesses and expanding into new products will generate attractive returns for shareholders, he added.

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