Steel manufacturer Nucor Corporation (NYSE: NUE) has announced guidance for its third quarter ending September 28, 2024. The company is expected to release Q3 results on Monday, October 21, after markets close.
The Nucor leadership said it expects third-quarter earnings to be in the range of $0.87 to $0.97 per shareThe EPS guidance includes estimated one-time non-cash pre-tax charges of about $123 million or $0.43 per shareIt is looking for adjusted earnings in the range of $1.30 per share to $1.40 per share for Q3The steel products segment is expected to have decreased earnings year-over-year in Q3 due to lower average selling prices and lower volumesNet income in the raw materials segment is expected to decrease in the third quarter compared to the second quarter of 2024During the third quarter, the company has repurchased around 2.5 million shares at an average price of $156.07 per share so farIt has returned about $2.29 billion to stockholders in the form of share repurchases and dividend payments year-to-dateNucor had reported net earnings of $2.68 per share for the second quarter of 2024, and $4.57 per share for the third quarter of 2023
The post Nucor Corporation announces guidance for Q3 2024 first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
