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.

Nucor (NYSE:NUE) Fiscal Q2 Earnings, Net Sales Fall

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Nucor (NYSE:NUE) reported fiscal Q2 net earnings late Monday of $5.81 per diluted share, down from $9.67 a year earlier. Six of seven analysts polled by Capital IQ expected EPS of $5.54. Net sales for the quarter ended July 1 were $9.52 billion, compared with $11.79 billion a year earlier. Analysts surveyed by Capital IQ expected $9.69 billion. For fiscal Q3, the company said it expects earnings to decline sequentially, reflecting weakness in the steel mills and raw materials segments. One of six analysts polled by Capital IQ is looking for an EPS of $4.74.

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