Nucor said net earnings attributable to Nucor stockholders fell to $249.9 million ($1.05 per diluted share) in Q3 2024 from $1.14 billion ($4.57 per diluted share) in Q3 2023.

10-QQuarterly reportFiled Nov 6, 2024Period of report Sep 28, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

Nucor said net earnings attributable to Nucor stockholders fell to $249.9 million ($1.05 per diluted share) in Q3 2024 from $1.14 billion ($4.57 per diluted share) in Q3 2023.
The company said its Q3 2024 net earnings included $123.0 million in losses and impairments of assets (none in Q3 2023), with $83.0 million related to the raw materials segment and $40.0 million related to the steel products segment.
Nucor said gross margins in Q3 2024 fell to $757.9 million (10%) from $1.92 billion (22%) in Q3 2023, and average selling prices per ton declined from $1,406 to $1,201.
The company said cash provided by operating activities for the first 9 months of 2024 was $3.25 billion, down from $5.59 billion in the same period a year earlier. It said it spent $2.29 billion on capital expenditures and estimates full-year 2024 capital expenditures at about $3.2 billion.

Key figures

Quarter ended September 28, 2024

Revenue: $7.4B
Net income: $250M
EPS: $1.05

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2024 Net Earnings Decline

Nucor said net earnings attributable to Nucor stockholders fell to $249.9 million ($1.05 per diluted share) in Q3 2024 from $1.14 billion ($4.57 per diluted share) in Q3 2023.

Source · Based on the MD&A text of the filing

Q3 Losses and Impairments of Assets $123.0 million

The company said its Q3 2024 net earnings included $123.0 million in losses and impairments of assets (none in Q3 2023), with $83.0 million related to the raw materials segment and $40.0 million related to the steel products segment.

Source · Based on the MD&A text of the filing

Q3 Gross Margins and Average Selling Price per Ton

Nucor said gross margins in Q3 2024 fell to $757.9 million (10%) from $1.92 billion (22%) in Q3 2023, and average selling prices per ton declined from $1,406 to $1,201.

Source · Based on the MD&A text of the filing

9-Month Operating Cash Flow and Capital Expenditures

The company said cash provided by operating activities for the first 9 months of 2024 was $3.25 billion, down from $5.59 billion in the same period a year earlier. It said it spent $2.29 billion on capital expenditures and estimates full-year 2024 capital expenditures at about $3.2 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.