Nucor posted net earnings of $159.8 million for the first quarter of 2011 as compared to earnings of $31.0 million for the first quarter of 2010. This reflects a 416% increase between these two quarterly remarks. Nucor's net sales increased to $4.38 billion for this quarter, a 32% increase from sales of $3.65 billion in year ago comparisons. These favorable figures were driven by a 22% increase in the sales price per ton of steel along with a 9% increase in the amount of steel shipped from Nucor. Similarly, the average price of scrap and scrap substitute increased 33% to $424 per ton in the first quarter, an increase from $318 per ton in the first quarter of 2010.
Nucor posted quarterly earnings of $23.5 million for the third quarter of 2010. Earnings for the third quarter of 2010 represent an increase from net losses of $29.5 million in year-ago results. Earnings were down, however, when compared to the previous quarter's results of $91.0 million. Net sales increased 33% when compared to year-ago results, totaling $4.14 billion for the quarter. These sales reflect a 1% decrease from the second quarter, however, when sales were $4.20 billion.Sales prices increased from Q3 FY2009 by 20% but decreased by 3% compared to Q2 FY2010. Similarly, shipments to outside customers increased when compared to both Q2 FY2010 and Q3 FY2009 postings, increasing by 1% and 10% respectively. Steel shipments also increased in Q3 FY2010 when compared to both last quarter and year-ago results, increasing 2% and 9% respectively. 10/21/2010 Price: $39.38 Nucor posted quarterly earnings of $23.5 million for the third quarter of 2010. Earnings for the third quarter of 2010 represent an increase from net losses of $29.5 million in year-ago results. Earnings were down, however, when compared to the previous quarter's results of $91.0 million. Net sales increased 33% when compared to year-ago results, totaling $4.14 billion for the quarter. These sales reflect a 1% decrease from the second quarter, however, when sales were $4.20 billion.Sales prices increased from Q3 FY2009 by 20% but decreased by 3% compared to Q2 FY2010. Similarly, shipments to outside customers increased when compared to both Q2 FY2010 and Q3 FY2009 postings, increasing by 1% and 10% respectively. Steel shipments also increased in Q3 FY2010 when compared to both last quarter and year-ago results, increasing 2% and 9% respectively.10/21/2010Price: $39.38
Nucor posted quarterly earnings of $23.5 million for the third quarter of 2010. Earnings for the third quarter of 2010 represent an increase from net losses of $29.5 million in year-ago results. Earnings were down, however, when compared to the previous quarter's results of $91.0 million. Net sales increased 33% when compared to year-ago results, totaling $4.14 billion for the quarter. These sales reflect a 1% decrease from the second quarter, however, when sales were $4.20 billion. Sales prices increased from Q3 FY2009 by 20% but decreased by 3% compared to Q2 FY2010. Similarly, shipments to outside customers increased when compared to both Q2 FY2010 and Q3 FY2009 postings, increasing by 1% and 10% respectively. Steel shipments also increased in Q3 FY2010 when compared to both last quarter and year-ago results, increasing 2% and 9% respectively.
Nucor announced net earnings of $91.0 million for the second quarter of 2010, an improvement from a net loss of $133.3 million in the second quarter of 2009. Net sales totaled $4.20 billion for the quarter, a 69% increase from $2.48 billion the previous year. Sale prices similarly increased for the second quarter of 2010, improving by 25% from year-ago prices. Scrap metal prices increased by 20% to $373 million in the second quarter of 2010 as compared to $312 million the previous year.
Nucor posted net earnings of $31.0 million for the first quarter of 2010.[7] These earning reflect improvement from the first quarter of 2009, where Nucor reported losses of $189.6 million, but a decline from the fourth quarter of 2009 in which Nucor reported earnings of $58.9 million. Net sales increased to $3.65 billion, a 38% increase as compared to year-ago quarterly earnings. These sales was driven by a 48% increase in total tons shipped to outside customers.
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%.
