Loading price data
Scrap Monster
Access the
Platform
ScrapMonster has become North America's largest scrap trading platform with 91,230 members and the trusted source for scrap prices, news, and information. Join Today!
Steel News September 17, 2021 03:35:04 PM

Nucor Predicts Historic High Third Quarter 2021 Earnings

Paul Ploumis
ScrapMonster Author
The company expects the third quarter earnings to range between $7.30 and $7.40 per diluted share.

Nucor Predicts Historic High Third Quarter 2021 Earnings

SEATTLE (Scrap Monster): Charlotte, North Carolina-headquartered Nucor Corporation announced guidance for the three-month period ended October 2, 2021. The earnings for the quarter are expected to be the highest in the company’s history.

The company expects the third quarter earnings to range between $7.30 and $7.40 per diluted share, thus surpassing the earlier record of $5.04 per diluted share reported during the prior quarter. Furthermore, Nucor expects the trend of exceptional performance to continue in Q4 this year as well.

RELATED NEWS:

Nucor Corp. Concluded Acquisition of Hannibal Industries

Nucor Announced Plans to Cut Carbon Footprint at its Steel Mills

Nucor expects all of its three operating segments to continue to generate robust profitability, primarily on account of strong overall demand across most end-use markets. The steel mill segment earnings are likely to witness significant increase, mainly driven by higher realized selling prices. The steel products segment too may be benefited by robust margin expansion. However, the earnings from the raw materials segment are expected to remain flat over the prior quarter.

During the quarter, the company repurchased 6.7 million shares at an average price of $105.58 per share. Year-to-date, the company has returned around $2 billion to shareholders in the form of share repurchases and dividend payments.

Metal Test Magnet With Handle 18 lb N52 Grade Neodymium Rare Earth

Metal Test Magnet With Handle 18 lb N52 Grade Neodymium Rare Earth

Industrial Test Magnet 30 lb N52 Grade Neodymium Rare Earth With Handle

Industrial Test Magnet 30 lb N52 Grade Neodymium Rare Earth With Handle

Metal Test Magnet

Metal Test Magnet

Metal Test Magnet

Metal Test Magnet

×