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Nucor Reveals Q2 Guidance: Company Projects EPS Of $2.20-$2.30 Vs $2.99 Estimate; Company To Bear Brunt Of Decreased Earnings Of The Steel Mills Segment Due To Lower Average Selling Price And Lower Volumes

Author: Benzinga Newsdesk | June 14, 2024 07:35am

Company nnounced guidance for its second quarter ending June 29, 2024. Nucor expects second quarter earnings to be in the range of $2.20 to $2.30 per diluted share. Nucor reported net earnings of $3.46 per diluted share in the first quarter of 2024 and $5.81 per diluted share in the second quarter of 2023.

The largest driver for the expected decrease in earnings in the second quarter of 2024 as compared to the first quarter of 2024 is the decreased earnings of the steel mills segment, due primarily to lower average selling prices, and, to a lesser extent, lower volumes

Posted In: NUE