HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Jan.2025) — Nucor Corporation announced consolidated net earnings attributable to Nucor stockholders of $287mn, or $1.22 per share diluted, in the fourth-quarter 2024 (4Q:24) compared to $250mn, or $1.05/share diluted, in the 3Q:24.
Excluding non-cash impairment charges taken during the quarter, Nucor’s 3Q:24 adjusted net earnings attributable to Nucor stockholders were $353mn, or $1.49/share diluted, the company announced 27 Jan. 2025 in an official statement. This compares to $785mn, or $3.16/share diluted, in the 4Q:23.
For the full year 2024, Nucor reported consolidated net earnings attributable to Nucor stockholders of $2.03bn, or $8.46/share diluted compared to $4.53bn, or $18/share diluted, in 2023.
“While steel demand softened throughout 2024, market conditions are starting to improve and should gain momentum as we work our way into 2025. The US 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” Nucor chair, president and CEO Leon Topalian said in the statement.
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