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Scrap Metal News January 28, 2025 08:30:28 PM

Nucor Announced Results for Q4 and Full Year 2024

Paul Ploumis
ScrapMonster Author
This compares with consolidated net earnings of $250 million, or $1.05 per diluted share, for the third quarter of 2024.
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SEATTLE (Scrap Monster): Nucor Corporation announced results for the fourth quarter and full year 2024.

For the fourth quarter of 2024, the firm recorded consolidated net earnings attributable to shareholders of $287 million, or $1.22 per diluted share. This contrasts with third-quarter 2024 consolidated net earnings of $250 million, or $1.05 per diluted share.

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Nucor reported $2.03 billion in consolidated net earnings attributable to shareholders for the full year 2024, which translates to $8.46 per diluted share. This contrasts with 2023's $4.53 billion, or $18.00 per diluted share.

In the fourth quarter of 2024, the company's consolidated net sales dropped 5% to $7.08 billion from $7.44 billion in the third quarter. Additionally, sales were down 8% from the fourth quarter of 2023's $7.71 billion. Consolidated net sales for the entire year 2024 decreased 11% from $34.71 billion in 2023 to $30.73 billion.

The corporation stated that it has $4.14 billion in cash and cash equivalents as well as short-term investments on hand as of the end of the fourth quarter of last year. Additionally, according to a news statement from the firm, Nucor distributed roughly $2.74 billion to shareholders in 2024 through dividend payments and share repurchases.

 

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