For the third quarter of 2008, Nucor reported net income of $734.6 million, 94% greater than Q3 2007, on a 75% increase in revenues. These results were slightly better than analysts expectations.
Nucor sold $1.3 billion in debt in a three part sale. The sale was split between Bank of America Securities (BAC), Citigroup Global Markets (C) and JP Morgan (JPM).
Nucor Corporation announced that its profit in the third quarter will be affected by a softening sheets market and increase in the cost of raw materials. The company expects an EPS of $1.10 to $1.15 in the third quarter as compared to $1.70 last year.
July 19, 2007 - Nucor announced that although sales rose by 10.5% from 2006, earnings fell 23.4%.