NUCOR CORP
For the period ended Jun 29, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 7, 2024
NUE$256.47+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
Nucor Corporation Condensed Consolidated Statements of Earnings (Unaudited)
(In thousands, except per share amounts)
| Three Months (13 Weeks) Ended | Six Months (26 Weeks) Ended | |||
|---|---|---|---|---|
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Net sales | $8,077,172 | $9,523,256 | $16,214,255 | $18,233,236 |
| Costs, expenses and other: | ||||
| Cost of products sold | 6,883,117 | 7,021,582 | 13,497,020 | 13,733,360 |
| Marketing, administrative and other expenses | 307,230 | 453,388 | 652,625 | 843,283 |
| Equity in earnings of unconsolidated affiliates | (9,032) | (6,094) | (18,801) | (4,754) |
| Interest (income) expense, net | (2,306) | 4,598 | (40,093) | 14,781 |
| 7,179,009 | 7,473,474 | 14,090,751 | 14,586,670 | |
| Earnings before income taxes and noncontrolling interests | 898,163 | 2,049,782 | 2,123,504 | 3,646,566 |
| Provision for income taxes | 186,020 | 462,707 | 452,399 | 827,862 |
| Net earnings before noncontrolling interests | 712,143 | 1,587,075 | 1,671,105 | 2,818,704 |
| Earnings attributable to noncontrolling interests | 66,926 | 125,721 | 181,047 | 220,808 |
| Net earnings attributable to Nucor stockholders | $645,217 | $1,461,354 | $1,490,058 | $2,597,896 |
| Net earnings per share: | ||||
| Basic | $2.68 | $5.82 | $6.15 | $10.28 |
| Diluted | $2.68 | $5.81 | $6.14 | $10.26 |
| Average shares outstanding: | ||||
| Basic | 239,580 | 250,144 | 241,329 | 251,876 |
| Diluted | 239,935 | 250,524 | 241,528 | 252,334 |
Nucor Corporation Condensed Consolidated Statements of Comprehensive Income (Unaudited)
| Three Months (13 Weeks) Ended | Six Months (26 Weeks) Ended | |||
|---|---|---|---|---|
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Net earnings before noncontrolling interests | $712,143 | $1,587,075 | $1,671,105 | $2,818,704 |
| Other comprehensive (loss) income: | ||||
| Net unrealized income (loss) on hedging derivatives, net of income taxes of $0 and $(1,400) for the second quarter of 2024 and 2023, respectively, and $(1,700) and $(9,200) for the first six months of 2024 and 2023, respectively | 125 | (4,428) | (5,116) | (29,003) |
| Reclassification adjustment for settlement of hedging derivatives included in net earnings, net of income taxes of $2,400 and $1,900 for the second quarter of 2024 and 2023, respectively, and $4,200 and $2,000 for the first six months of 2024 and 2023, respectively | 7,475 | 6,228 | 12,816 | 6,403 |
| Foreign currency translation (loss) gain, net of income taxes of $0 for the second quarter and first six months of 2024 and 2023 | (7,798) | 34,586 | (23,266) | 31,145 |
| (198) | 36,386 | (15,566) | 8,545 | |
| Comprehensive income | 711,945 | 1,623,461 | 1,655,539 | 2,827,249 |
| Comprehensive income attributable to noncontrolling interests | 66,926 | 125,721 | 181,047 | 220,808 |
| Comprehensive income attributable to Nucor stockholders | $645,019 | $1,497,740 | $1,474,492 | $2,606,441 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.