Cramer's Mad Dash: Nucor
Jim Cramer explains why he's keeping an eye on shares of Nucor.
Meet the Industrial Stock That Wins No Matter Who Wins the Election
Nucor has made strategic investments worth about half its market cap over the past eight years.
Nucor: A Contrarian Bull Case
Nucor Corporation, the largest steel producer and scrap recycler in the US, faces tough competition from Chinese steel exporters, impacting its market performance. Despite better-than-expected Q3 2024 adjusted EPS and revenue, Nucor saw significant declines in net revenue, EBIT, and EBITDA due to weak pricing and lower shipments. While long-term operating margins align with pre-2021 levels, recent quarters show significant margin compression due to market headwinds and reduced pricing power.
Nucor's Near-Term Growth May Depend On Public Policy
Nucor Corporation faces significant headwinds due to declining steel prices and may continue pulling down volumes, driven by low-cost, carbon-intensive steel imports impacting domestic prices. Nucor's financials show a -50% decline in pretax earnings for steel mills and a -20% decline for steel products, with lower forecasts for Q4'24. Management's strategic diversification and investments in growth, including acquisitions and new projects, aim to stabilize cash flow amid market pressures.
Jim Cramer breaks down Nucor earnings
'Mad Money' host Jim Cramer deep dives into Nucor earnings.
Nucor is a great bellwether for the whole materials sector, says Jim Cramer
'Mad Money' host Jim Cramer deep dives into Nucor earnings.
Nucor Corporation (NUE) Q3 2024 Earnings Call Transcript
Nucor Corporation (NYSE:NUE ) Q3 2024 Earnings Conference Call October 22, 2024 10:00 AM ET Company Participants Jack Sullivan - General Manager and IR Leon Topalian - Chair, President and CEO Steve Laxton - EVP and CFO Brad Ford - EVP, Fabricated Construction Products Dave Sumoski - COO Noah Hanners - EVP, Raw Materials Greg Murphy - EVP, Business Services & General Counsel John Hollatz - EVP, Bar and Rebar Fabrication Conference Call Participants Lawson Winder - Bank of America Securities Timna Tanners - Wolfe Research Martin Englert - Seaport Research Tristan Gresser - BNP Paribas Carlos De Alba - Morgan Stanley Alex Hacking - Citi Katja Jancic - BMO Capital Markets Bill Peterson - JPMorgan Operator Operator Good morning, and welcome to Nucor's Third Quarter 2024 Earnings Call. [Operator Instructions] Today's call is being recorded.
Nucor's Earnings and Revenues Surpass Estimates in Q3, Decline Y/Y
NUE's earnings decline in the third quarter due to lower average selling prices.
Nucor (NUE) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Nucor (NUE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Nucor (NUE) Tops Q3 Earnings and Revenue Estimates
Nucor (NUE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $4.57 per share a year ago.
How To Earn $500 A Month From Nucor Stock Ahead Of Q3 Earnings
Nucor Corporation NUE will release earnings results for its third quarter, before the opening bell on Monday, Oct. 21.
Will Lower Steel Prices Weigh on Nucor's Earnings in Q3?
Lower earnings in the steel mills segment on weaker selling prices are likely to have hurt NUE's third-quarter results.
