• +971 0000 000 000
  • info@verticaljournal.top

Steel Company Nucor's Q3: Earnings Beat, 16% Sales Decline, Moderating Average Selling Prices & More

Grand News Network | October 24, 2023

Nucor Corp (NYSE: NUE) reported a third-quarter FY23 net sales decline of 16.4% year-over-year to $8.78 billion, beating the consensus of $8.31 billion.

EPS fell to $4.57 from $6.50 a year ago, beating the consensus of $4.25.

The average sales price per ton decreased by 14% Y/Y and fell 3% Q/Q.

More than 6.24 million tons were shipped to outside customers, a decrease of 3% Y/Y.

Total steel mill shipments in the quarter fell 2% Y/Y ...

Full story available on Benzinga.com


Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.


Disclaimer Press Release Banner