EX-99.1 2 d889437dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

News Release    LOGO

Nucor Reports Results for the Third Quarter of 2024

Third Quarter of 2024 Highlights

 

   

Consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share.

 

   

Adjusted net earnings attributable to Nucor stockholders of $353.0 million, or $1.49 per diluted share.

 

   

Net sales of $7.44 billion.

 

   

Net earnings before noncontrolling interests of $302.8 million; EBITDA of $869.0 million.

CHARLOTTE, N.C. – October 21, 2024 - Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share, for the third quarter of 2024. Excluding non-cash impairment charges taken during the quarter, Nucor’s third quarter of 2024 adjusted net earnings attributable to Nucor stockholders were $353.0 million, or $1.49 per diluted share. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share, for the second quarter of 2024 and $1.14 billion, or $4.57 per diluted share, for the third quarter of 2023.

Reflected in the third quarter of 2024 losses and impairments of assets are non-cash charges of $83.0 million, or $0.27 per diluted share, and $40.0 million, or $0.17 per diluted share, related to the impairment of certain non-current assets in the raw materials and steel products segments, respectively.

In the first nine months of 2024, Nucor reported consolidated net earnings attributable to Nucor stockholders of $1.74 billion, or $7.22 per diluted share, compared with consolidated net earnings attributable to Nucor stockholders of $3.74 billion, or $14.83 per diluted share, in the first nine months of 2023.

“Thank you to our Nucor teammates for continuing to set new records for safety performance while generating over $1.30 billion of cash from operations for the quarter,” said Leon Topalian, Nucor’s Chair, President and Chief Executive Officer. “Nucor’s market leadership, product diversity, and strong balance sheet enable us to provide meaningful returns to shareholders and execute our growth strategy even in the face of market uncertainty.”

Selected Segment Data

Earnings (loss) before income taxes and noncontrolling interests by segment for the third quarter and first nine months of 2024 and 2023 were as follows (in thousands):

 

     Three Months (13 Weeks) Ended      Nine Months (39 Weeks) Ended  
     September 28, 2024      September 30, 2023      September 28, 2024      September 30, 2023  

Steel mills

   $ 309,123      $ 882,614      $ 2,056,689      $ 3,124,549  

Steel products

     313,972        806,731        1,266,922        2,788,322  

Raw materials

     (66,332      71,367        (17,355      267,918  

Corporate/eliminations

     (168,490      (212,630      (794,479      (986,141
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 388,273      $ 1,548,082      $ 2,511,777      $ 5,194,648  
  

 

 

    

 

 

    

 

 

    

 

 

 

Page 1 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


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Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Financial Review

Nucor’s consolidated net sales decreased 8% to $7.44 billion in the third quarter of 2024 compared with $8.08 billion in the second quarter of 2024 and decreased 15% compared with $8.78 billion in the third quarter of 2023. Average sales price per ton in the third quarter of 2024 decreased 6% compared with the second quarter of 2024 and decreased 15% compared with the third quarter of 2023. A total of approximately 6,196,000 tons were shipped to outside customers in the third quarter of 2024, a 1% decrease compared with both the second quarter of 2024 and the third quarter of 2023. Total steel mill shipments in the third quarter of 2024 decreased 3% compared with the second quarter of 2024 and were comparable to the third quarter of 2023. Steel mill shipments to internal customers represented 19% of total steel mill shipments in the third quarter of 2024, compared with 21% in the second quarter of 2024 and 20% in the third quarter of 2023. Downstream steel product shipments to outside customers in the third quarter of 2024 decreased 6% compared with the second quarter of 2024 and decreased 11% compared with the third quarter of 2023.

In the first nine months of 2024, Nucor’s consolidated net sales of $23.66 billion decreased 12% compared with consolidated net sales of $27.01 billion in the first nine months of 2023. Total tons shipped to outside customers in the first nine months of 2024 were approximately 18,709,000 tons, a decrease of 3% compared with the first nine months of 2023, and the average sales price per ton in the first nine months of 2024 decreased 10% compared with the first nine months of 2023.

The average scrap and scrap substitute cost per gross ton used in the third quarter of 2024 was $378, a 5% decrease compared to $396 in the second quarter of 2024 and a 9% decrease compared to $415 in the third quarter of 2023. The average scrap and scrap substitute cost per gross ton used in the first nine months of 2024 was $399, a 7% decrease compared to $429 in the first nine months of 2023.

Pre-operating and start-up costs related to the Company’s growth projects were approximately $168 million, or $0.54 per diluted share, in the third quarter of 2024, compared with approximately $137 million, or $0.43 per diluted share, in the second quarter of 2024 and approximately $101 million, or $0.31 per diluted share, in the third quarter of 2023.

In the first nine months of 2024, pre-operating and start-up costs related to the Company’s growth projects were approximately $430 million, or $1.36 per diluted share, compared with approximately $273 million, or $0.83 per diluted share, in the first nine months of 2023.

Overall operating rates at the Company’s steel mills were 75% in both the third quarter and second quarter of 2024 and 77% in the third quarter of 2023. Operating rates in the first nine months of 2024 decreased to 77% as compared to 80% in the first nine months of 2023.

 

Page 2 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


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Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Financial Strength

At the end of the third quarter of 2024, we had $4.86 billion in cash and cash equivalents and short-term investments on hand. The Company’s $1.75 billion revolving credit facility remains undrawn and does not expire until November 2026. Nucor continues to have the strongest credit ratings in the North American steel sector (A-/A-/Baa1) with stable outlooks at Standard & Poor’s and Fitch Ratings and a positive outlook at Moody’s.

Commitment to Returning Capital to Stockholders

Nucor repurchased approximately 2.5 million shares of its common stock during the third quarter of 2024 at an average price of $156.07 per share (approximately 11.0 million shares year-to-date at an average price of $172.36 per share). Nucor has returned approximately $2.29 billion to stockholders in the form of share repurchases and dividend payments during the first nine months of 2024. As of September 28, 2024, Nucor had approximately $1.42 billion remaining authorized and available for repurchases under its share repurchase program. This share repurchase authorization is discretionary and has no scheduled expiration date.

On September 12, 2024, Nucor’s Board of Directors declared a cash dividend of $0.54 per share. This cash dividend is payable on November 8, 2024, to stockholders of record as of September 27, 2024, and is Nucor’s 206th consecutive quarterly cash dividend.

Third Quarter of 2024 Analysis

The largest driver for the decrease in earnings in the third quarter of 2024 as compared to the second quarter of 2024 is the decreased earnings of the steel mills segment, due primarily to lower average selling prices. The steel products segment’s earnings decreased in the third quarter of 2024 as compared to the second quarter of 2024 due to lower average selling prices and lower volumes. Earnings in the raw materials segment are lower in the third quarter of 2024 as compared to the second quarter of 2024 due primarily to the non-cash impairment charge taken in the third quarter of 2024.

Fourth Quarter of 2024 Outlook

We expect consolidated net earnings attributable to Nucor stockholders in the fourth quarter of 2024 to decrease compared to earnings per diluted share of $1.05 reported for the third quarter of 2024. The largest driver for the expected decrease in earnings in the fourth quarter of 2024 is the decreased earnings of the steel mills segment caused by lower average selling prices and decreased volumes. We expect earnings in the steel products segment to decrease in the fourth quarter of 2024 as compared to the third quarter of 2024 due to lower average selling prices and decreased volumes. The earnings of the raw materials segment are expected to increase in the fourth quarter of 2024 as compared to the third quarter of 2024 (excluding the impairment charge taken during the third quarter of 2024).

 

Page 3 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


News Release    LOGO

Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Earnings Conference Call

You are invited to listen to the live broadcast of Nucor’s conference call during which management will discuss Nucor’s third quarter results on October 22, 2024, at 10:00 a.m. Eastern Time. The call can be accessed via webcast from the Investor Relations section of Nucor’s website (nucor.com/investors). A presentation with supplemental information to accompany the call has been posted to Nucor’s Investor Relations website. A playback of the webcast will be posted to the same site within one day of the live event.

About Nucor

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.

Non-GAAP Financial Measures

The Company uses certain non-GAAP (Generally Accepted Accounting Principles) financial measures in this news release, including EBITDA, adjusted net earnings attributable to Nucor stockholders and adjusted earnings per diluted share. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable financial measure calculated and presented in accordance with GAAP.

We define EBITDA as net earnings before noncontrolling interests, adding back the following items: interest (income) expense, net; provision for income taxes; losses and impairments of assets; depreciation; and amortization. We define adjusted net earnings attributable to Nucor stockholders as net earnings attributable to Nucor stockholders adding back losses and impairments of assets, net of tax. We define adjusted earnings per diluted share as earnings per diluted share adding back the per diluted share impact of losses and impairments of assets, net of tax. Please note that other companies might define their non-GAAP financial measures differently than we do.

Management presents the non-GAAP financial measures of EBITDA, adjusted net earnings attributable to Nucor stockholders and adjusted earnings per diluted share in this news release because it considers them to be important supplemental measures of performance. Management believes that these non-GAAP financial measures provide additional insight for analysts and investors evaluating the Company’s financial and operational performance by providing a consistent basis of comparison across periods.

 

Page 4 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


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Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Forward-Looking Statements

Certain statements contained in this news release are “forward-looking statements” that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words “anticipate,” “believe,” “expect,” “intend,” “project,” “may,” “will,” “should,” “could” and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company’s best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company’s actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to general market conditions, and in particular, prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties and volatility surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; (14) our ability to integrate businesses we acquire; and (15) the impact of any pandemic or public health situation. These and other factors are discussed in Nucor’s regulatory filings with the United States Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of Nucor’s Annual Report on Form 10-K for the year ended December 31, 2023. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.

Contact Information

For Investor/Analyst Inquiries – Jack Sullivan, 704-264-8942, or Paul Donnelly, 704-264-8807

For Media Inquiries - Katherine Miller, 704-353-9015

 

Page 5 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


News Release    LOGO

Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Tonnage Data

(In thousands)

 

     Three Months (13 Weeks) Ended     Nine Months (39 Weeks) Ended  
     September 28,
2024
     September 30,
2023
     Percent
Change
    September 28,
2024
     September 30,
2023
     Percent
Change
 

Steel mills total shipments:

                

Sheet

     2,837        2,723        4     8,680        8,328        4

Bars

     1,926        2,001        -4     5,843        6,292        -7

Structural

     493        530        -7     1,555        1,571        -1

Plate

     435        460        -5     1,295        1,434        -10

Other

     28        32        -13     103        135        -24
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 
     5,719        5,746        —        17,476        17,760        -2
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Sales tons to outside customers:

                

Steel mills

     4,607        4,578        1     13,900        14,156        -2

Joist

     90        127        -29     292        404        -28

Deck

     79        104        -24     242        310        -22

Rebar fabrication products

     278        307        -9     781        918        -15

Tubular products

     213        223        -4     635        737        -14

Building systems

     60        71        -15     181        185        -2

Other steel products

     291        309        -6     919        921        —   

Raw materials

     578        521        11     1,759        1,640        7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 
     6,196        6,240        -1     18,709        19,271        -3
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

Page 6 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


News Release    LOGO

Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Condensed Consolidated Statements of Earnings (Unaudited)

(In thousands, except per share data)

 

     Three Months (13 Weeks) Ended     Nine Months (39 Weeks) Ended  
     September 28,
2024
    September 30,
2023
    September 28,
2024
    September 30,
2023
 

Net sales

   $ 7,444,160     $ 8,775,734     $ 23,658,415     $ 27,008,970  
  

 

 

   

 

 

   

 

 

   

 

 

 

Costs, expenses and other:

        

Cost of products sold

     6,686,226       6,854,934       20,183,246       20,588,294  

Marketing, administrative and other expenses

     244,657       385,768       883,132       1,229,051  

Equity in (earnings) losses of unconsolidated affiliates

     (5,278     1,083       (24,079     (3,671

Losses and impairments of assets

     123,000       —        137,150       —   

Interest expense (income), net

     7,282       (14,133     (32,811     648  
  

 

 

   

 

 

   

 

 

   

 

 

 
     7,055,887       7,227,652       21,146,638       21,814,322  
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings before income taxes and noncontrolling interests

     388,273       1,548,082       2,511,777       5,194,648  

Provision for income taxes

     85,448       326,827       537,847       1,154,689  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings before noncontrolling interests

     302,825       1,221,255       1,973,930       4,039,959  

Earnings attributable to noncontrolling interests

     52,915       79,749       233,962       300,557  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings attributable to Nucor stockholders

   $ 249,910     $ 1,141,506     $ 1,739,968     $ 3,739,402  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings per share:

        

Basic

   $ 1.05     $ 4.58     $ 7.23     $ 14.86  

Diluted

   $ 1.05     $ 4.57     $ 7.22     $ 14.83  

Average shares outstanding:

        

Basic

     236,462       248,504       239,701       250,752  

Diluted

     236,768       248,916       239,800       251,179  

 

Page 7 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


News Release    LOGO

Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

 

     September 28, 2024     December 31, 2023  

ASSETS

    

Current assets:

    

Cash and cash equivalents

   $ 4,262,799     $ 6,383,298  

Short-term investments

     595,650       747,479  

Accounts receivable, net

     2,949,190       2,953,311  

Inventories, net

     5,126,493       5,577,758  

Other current assets

     587,085       724,012  
  

 

 

   

 

 

 

Total current assets

     13,521,217       16,385,858  

Property, plant and equipment, net

     12,580,243       11,049,767  

Restricted cash and cash equivalents

     —        3,494  

Goodwill

     4,273,610       3,968,847  

Other intangible assets, net

     3,194,261       3,108,015  

Other assets

     776,860       824,518  
  

 

 

   

 

 

 

Total assets

   $ 34,346,191     $ 35,340,499  
  

 

 

   

 

 

 

LIABILITIES

    

Current liabilities:

    

Short-term debt

   $ 213,751     $ 119,211  

Current portion of long-term debt and finance lease obligations

     1,040,380       74,102  

Accounts payable

     1,902,927       2,020,289  

Salaries, wages and related accruals

     974,568       1,326,390  

Accrued expenses and other current liabilities

     1,085,160       1,054,517  
  

 

 

   

 

 

 

Total current liabilities

     5,216,786       4,594,509  

Long-term debt and finance lease obligations due after one year

     5,684,936       6,648,873  

Deferred credits and other liabilities

     1,887,928       1,973,363  
  

 

 

   

 

 

 

Total liabilities

     12,789,650       13,216,745  
  

 

 

   

 

 

 

Commitments and contingencies

    

EQUITY

    

Nucor stockholders’ equity:

    

Common stock

     152,061       152,061  

Additional paid-in capital

     2,207,928       2,176,243  

Retained earnings

     30,113,666       28,762,045  

Accumulated other comprehensive loss, net of income taxes

     (168,233     (162,072

Treasury stock

     (11,832,564     (9,987,643
  

 

 

   

 

 

 

Total Nucor stockholders’ equity

     20,472,858       20,940,634  

Noncontrolling interests

     1,083,683       1,183,120  
  

 

 

   

 

 

 

Total equity

     21,556,541       22,123,754  
  

 

 

   

 

 

 

Total liabilities and equity

   $ 34,346,191     $ 35,340,499  
  

 

 

   

 

 

 

 

Page 8 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


News Release    LOGO

Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In thousands)

 

     Nine Months (39 Weeks) Ended  
     September 28, 2024     September 30, 2023  

Operating activities:

    

Net earnings before noncontrolling interests

   $ 1,973,930     $ 4,039,959  

Adjustments:

    

Depreciation

     808,791       681,153  

Amortization

     189,146       175,701  

Loss on assets

     137,150       —   

Stock-based compensation

     114,280       101,107  

Deferred income taxes

     (92,468     (25,750

Distributions from affiliates

     7,997       18,621  

Equity in earnings of unconsolidated affiliates

     (24,079     (3,671

Changes in assets and liabilities (exclusive of acquisitions and dispositions):

    

Accounts receivable

     46,823       171,621  

Inventories

     496,048       209,056  

Accounts payable

     (206,730     164,479  

Federal income taxes

     16,535       240,667  

Salaries, wages and related accruals

     (313,770     (347,026

Other operating activities

     91,979       165,692  
  

 

 

   

 

 

 

Cash provided by operating activities

     3,245,632       5,591,609  
  

 

 

   

 

 

 

Investing activities:

    

Capital expenditures

     (2,293,859     (1,496,248

Investment in and advances to affiliates

     (79     (35,106

Sale of business

     1,438       —   

Disposition of plant and equipment

     11,834       8,617  

Acquisitions (net of cash acquired)

     (672,193     —   

Purchases of investments

     (1,036,908     (1,200,136

Proceeds from the sale of investments

     1,209,944       917,332  

Other investing activities

     9,607       (35,001
  

 

 

   

 

 

 

Cash used in investing activities

     (2,770,216     (1,840,542
  

 

 

   

 

 

 

Financing activities:

    

Net change in short-term debt

     94,540       (13,142

Repayment of long-term debt

     (5,000     (7,500

Proceeds from exercise of stock options

     3,357       10,350  

Payment of tax withholdings on certain stock-based compensation

     (50,213     (44,456

Distributions to noncontrolling interests

     (333,399     (412,404

Cash dividends

     (393,837     (387,996

Acquisition of treasury stock

     (1,901,574     (1,376,757

Other financing activities

     (10,724     (12,437
  

 

 

   

 

 

 

Cash used in financing activities

     (2,596,850     (2,244,342
  

 

 

   

 

 

 

Effect of exchange rate changes on cash

     (2,559     837  
  

 

 

   

 

 

 

(Decrease) Increase in cash and cash equivalents and restricted cash and cash equivalents

     (2,123,993     1,507,562  

Cash and cash equivalents and restricted cash and cash equivalents - beginning of year

     6,386,792       4,361,220  
  

 

 

   

 

 

 

Cash and cash equivalents and restricted cash and cash equivalents - end of nine months

   $ 4,262,799     $ 5,868,782  
  

 

 

   

 

 

 

Non-cash investing activity:

    

Change in accrued plant and equipment purchases

   $ 70,077     $ 40,126  
  

 

 

   

 

 

 

 

Page 9 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


News Release    LOGO

Nucor Reports Results for the Third Quarter of 2024 (Continued)

 

Non-GAAP Financial Measures

Reconciliation of EBITDA (Unaudited)

(In thousands)

 

     Three Months (13 Weeks) Ended      9 Months (39 Weeks) Ended  
     September 28,
2024
     September 30,
2023
     September 28,
2024
     September 30,
2023
 

Net earnings before noncontrolling interests

   $ 302,825      $ 1,221,255      $ 1,973,930      $ 4,039,959  

Depreciation

     281,165        232,317        808,791        681,153  

Amortization

     69,296        58,470        189,146        175,701  

Losses and impairments of assets

     123,000        —         137,150        —   

Interest (income) expense, net

     7,282        (14,133      (32,811      648  

Provision for income taxes

     85,448        326,827        537,847        1,154,689  
  

 

 

    

 

 

    

 

 

    

 

 

 

EBITDA

   $ 869,016      $ 1,824,736      $ 3,614,053      $ 6,052,150  
  

 

 

    

 

 

    

 

 

    

 

 

 

Reconciliation of Adjusted net earnings attributable to Nucor stockholders (Unaudited)

(In thousands, except per share data)

 

     Three Months (13 Weeks) Ended September 28, 2024  
            Diluted EPS  

Net earnings attributable to Nucor stockholders

   $ 249,910      $ 1.05  

Losses and impairments of assets, net of tax

     103,080        0.44  
  

 

 

    

 

 

 

Adjusted net earnings attributable to Nucor stockholders

   $ 352,990      $ 1.49  
  

 

 

    

 

 

 

 

Page 10 of 10

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com