===Nucor (NUE) reported earnings on Mon 27 Jan 25 (a/h)

 

 

Nucor beats by $0.58, beats on revs; market conditions are starting to improve

• Reports Q4 (Dec) earnings of $1.22 per share, $0.58 better than the FactSet Consensus of $0.64; revenues fell 8.2% year/year to $7.08 bln vs the $6.76 bln FactSet Consensus.
• Q1 Outlook: Co expects earnings in the steel mills and steel products segments to be similar in 1Q25 as compared to 4Q24. Earnings in the raw materials segment are expected to decrease in 1Q25 relative to 4Q24. Co expects higher corporate, administrative and tax impacts in Q1 than realized in Q4 which may result in lower net earnings overall.
• "While steel demand softened throughout 2024, market conditions are starting to improve and should gain momentum as we work our way into 2025. The U.S. economy is still on the front end of several steel-intensive megatrends and as America's largest and most diversified steel producer, Nucor is well positioned to supply those needs."

Earnings this week : Jan 27 - 31, 25 (wk 5)

Monday (January 27)

• Morning: T BOH HOPE SOFI
• Afternoon: ARE BRO CR ELS GGG NUE PCH SANM SBCF TRNS WRB WAL WSFS

Tuesday (January 28)

• Morning: ADNT BA CVLT GM IVZ JBLU KMB LMT PCAR PII BPOP RCL RTX SAP SASR SYF SYY XRX
• Afternoon: ASH AX BXP CB FCF FFIV HLI LC LFUS LOGI LRN MANH NXT PFS PKG QRVO RNR RNST SBUX SYK TRMK UMBF VBTX

Wednesday (January 29)

• Morning: ADP AIT ASML AVT DHR EAT EXP EXTR FLEX GD GLW GPI HES HESM LII MNRO MSCI NAVI NDAQ NSC OTIS PB SBSI SF SLGN SMG TEVA TMUS VFC VIRT WNC
• Afternoon: AMP AXS BHE CALX CCS CHRW CLB CP DLB ETD FIBK IBM LBRT LEVI LRCX LSTR LVS META MSFT MTH MXL NFG NOW RHI RJF SEIC SIGI TER TSLA TTEK URI WDC WHR WM WOLF

Thursday (January 30) 

• Morning: ABG ALGM AOS AVY BC BFH BHLB BIP BX CAH CAT CFR CHKP CI CRS DGX DOV DOW DT FCFS FLG FLWS FRME IP KEX LAZ LHX LUV MA MAN MBLY MBUU MMC MO MUR NOC NOK NTCT OSK PH PHM RES ROP SCSC SHW SIRI SNDR SNY STM TMO TSCO TT UPS VLO
• Afternoon: AAPL ABCB AJG APPF ATGE BKR BZH CLS CNI COUR DECK EMN FHI GEN HIG HTH INTC KLAC LPLA OLN PPG RMD SKYW STEL TEAM V VIAV WY X

Friday (January 31)

• Morning: ABBV ALV AON ARCB BAH BEN BMI BR CHD CHTR CL CVX ETN FHB GNTX GWW IMO JHG LYB NVS OMF PSX RBC VSTS WT XOM

=Nucor (NUE) reported earnings on Thur 21 Jul 2016 (b/o)

Nucor beats raises expectations $0.04, misses on revs; sees further strong improvement in Q3 earnings :

• Reports Q2 (Jun) earnings of $0.73 per share, $0.04 better than the Capital IQ Consensus of $0.69; revenues fell 2.6% year/year to $4.25 bln vs the $4.51 bln Capital IQ Consensus.
• Preannouced on June 15: EPS $0.65-0.70 vs. $0.56 consensus
  • Average sales price per ton in the second quarter of 2016 increased 9% from the first quarter of 2016 and decreased 9% from the second quarter of 2015.
  • Total tons shipped to outside customers were 6,457,000 tons in the second quarter of 2016, a 5% increase from the first quarter of 2016 and a 7% increase from the second quarter of 2015.
  • Total second quarter steel mill shipments increased 5% from the first quarter of 2016 and increased 11% from the second quarter of 2015.
  • Second quarter downstream steel products shipments to outside customers increased 11% from the first quarter of 2016 and decreased 2% from the second quarter of 2015.
• "We expect further strong improvement in earnings in the third quarter of 2016 (consensus $0.83). Most of the quarter over quarter improvement will be in the steel mills segment, primarily in our sheet mills. The performance of the raw materials segment is expected to improve significantly in the third quarter of 2016 as compared to the second quarter of 2016 due primarily to improved performance at our DRI facilities. We expect increased profitability for our downstream products segment in the third quarter of 2016 as compared to the second quarter of 2016 due to the gradual improvement in nonresidential construction markets."

Great trade : NUE +18% (7/16)

• #97  on 6/29/16,  $47.50