Nucor (NYSE:NUE) Full Year 2024 Results

Key Financial Results

• Revenue: US$30.7b (down 12% from FY 2023).
• Net income: US$2.02b (down 55% from FY 2023).
• Profit margin: 6.6% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$8.47 (down from US$18.05 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nucor EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%.

The primary driver behind last 12 months revenue was the Steel Mills segment contributing a total revenue of US$23.0b (75% of total revenue). Notably, cost of sales worth US$26.6b amounted to 87% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.14b (54% of total expenses). Explore how NUE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Nucor has 1 warning sign we think you should be aware of.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.