The company said net earnings attributable to Nucor stockholders for Q2 2024 were $645.2 million ($2.68 per diluted share), and net sales were $8.08 billion. For Q2 2023, net earnings were $1.46 billion ($5.81 per share), and net sales fell 15% from $9.52 billion.

1. 01

   The company said net earnings attributable to Nucor stockholders for Q2 2024 were $645.2 million ($2.68 per diluted share), and net sales were $8.08 billion. For Q2 2023, net earnings were $1.46 billion ($5.81 per share), and net sales fell 15% from $9.52 billion.

2. 02

   The company said average sales price per ton in Q2 2024 decreased 2% from Q1 and 11% from Q2 2023. Outside-customer shipments were approximately 6,289,000 tons, down 5% from Q2 2023, and steel mill operating rates were 75% (versus 82% in Q1 2024 and 84% in Q2 2023).

3. 03

   Nucor repurchased about 2.9 million shares of common stock at an average price of $170.70 in Q2 2024, the company said, and it had about $1.82 billion remaining under its repurchase authorization as of June 29, 2024. It also declared a cash dividend of $0.54 per share, its 205th consecutive quarterly cash dividend.

4. 04

   The company reported cash provided by operating activities of $1,944,931 thousand for the first six months of 2024 (26 weeks), and capital expenditures of $1,471,234 thousand. It used $1,501,283 thousand for share repurchases in the same period.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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