Nucor Announces Guidance for the Third Quarter of 2024 Earnings
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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US:NYSE Investor Relations:
nucor.com/investor
Company Research
Source: PR Newswire
CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its third quarter ending September 28, 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share, described below, we expect third quarter adjusted earnings per diluted share to be in the range of $1.30 to $1.40. Nucor reported net earnings of $2.68 per diluted share in the second quarter of 2024 and $4.57 per diluted share in the third quarter of 2023.One-Time Non-Cash ChargesReflected in the third quarter of 2024 non-adjusted earnings guidance range are estimated one-time non-cash pre-tax charges of approximately $123 million, or $0.43 per diluted share, related to the impairment of certain non-current assets in the raw materials and steel products segments.Third Quarter of 2024 CommentaryExcluding the previously mentioned one-time charges,
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