NUCOR CORP
For the period ended Sep 28, 2024. Filed Nov 6, 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.
Sep 28, 2024 · Filed Nov 6, 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)
Item 1. Financial Statements
Nucor Corporation Condensed Consolidated Statements of Earnings (Unaudited)
(In thousands, except per share amounts)
| 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 |
Nucor Corporation Condensed Consolidated Statements of Comprehensive Income (Unaudited)
| Three Months (13 Weeks) Ended | Nine 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 |
| Other comprehensive income (loss): | ||||
| Net unrealized (loss) income on hedging derivatives, net of income taxes of $(1,900) and $(1,500) for the third quarter of 2024 and 2023, respectively, and $(3,600) and $(10,700) for the first nine months of 2024 and 2023, respectively | (6,055) | (4,779) | (11,171) | (33,782) |
| Reclassification adjustment for settlement of hedging derivatives included in net earnings, net of income taxes of $1,800 and $1,100 for the third quarter of 2024 and 2023, respectively, and $6,000 and $3,100 for the first nine months of 2024 and 2023, respectively | 5,955 | 3,579 | 18,771 | 9,982 |
| Foreign currency translation gain (loss), net of income taxes of $0 for the third quarter and first nine months of 2024 and 2023 | 9,505 | (18,655) | (13,761) | 12,490 |
| 9,405 | (19,855) | (6,161) | (11,310) | |
| Comprehensive income | 312,230 | 1,201,400 | 1,967,769 | 4,028,649 |
| Comprehensive income attributable to noncontrolling interests | 52,915 | 79,749 | 233,962 | 300,557 |
| Comprehensive income attributable to Nucor stockholders | $259,315 | $1,121,651 | $1,733,807 | $3,728,092 |
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