Charlotte North Carolina headquartered steel maker Nucor has announced guidance for its third quarter ending 1 October 2022. Nucor expects third quarter earnings to be in the range of USD 6.30-6.40 per diluted share. Nucor reported net earnings of USD 9.67 per diluted share in the second quarter of 2022 and USD 7.28 per diluted share in the third quarter of 2021. Nucor said “We expect the steel mills segment earnings to be considerably lower in the third quarter of 2022 as compared to the second quarter of 2022, due to metal margin contraction and reduced shipping volumes particularly at our sheet and plate mills. The steel products segment is expected to have another strong quarter in the third quarter of 2022, with earnings roughly in-line with the second quarter of 2022. Raw materials segment earnings are expected to be similar to the second quarter of 2022. We continue to believe that 2022 will be the most profitable year in Nucor's history.” Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferroalloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Charlotte North Carolina headquartered steel maker Nucor has announced guidance for its third quarter ending 1 October 2022. Nucor expects third quarter earnings to be in the range of USD 6.30-6.40 per diluted share. Nucor reported net earnings of USD 9.67 per diluted share in the second quarter of 2022 and USD 7.28 per diluted share in the third quarter of 2021. Nucor said “We expect the steel mills segment earnings to be considerably lower in the third quarter of 2022 as compared to the second quarter of 2022, due to metal margin contraction and reduced shipping volumes particularly at our sheet and plate mills. The steel products segment is expected to have another strong quarter in the third quarter of 2022, with earnings roughly in-line with the second quarter of 2022. Raw materials segment earnings are expected to be similar to the second quarter of 2022. We continue to believe that 2022 will be the most profitable year in Nucor's history.” Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferroalloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
