Steel Company Nucor's Q3: Earnings Beat, 16% Sales Decline, Moderating Average Selling Prices & More

Nucor Corp (NYSE: NUE) reported a third-quarter FY23 net sales decline of 16.4% year-over-year to $8.78 billion, beating the consensus of $8.31 billion.

EPS fell to $4.57 from $6.50 a year ago, beating the consensus of $4.25.

The average sales price per ton decreased by 14% Y/Y and fell 3% Q/Q.

More than 6.24 million tons were shipped to outside customers, a decrease of 3% Y/Y.

Total steel mill shipments in the quarter fell 2% Y/Y ...

Full story available on Benzinga.com


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