"Nucor reported adjusted EPS of $2.63, crushing the $2.16 consensus estimate by $0.47 (a 21.8% beat). Revenue of $8.52 billion also topped the $8.15 billion expectation, delivering a $370 million beat on the top line. Net income surged 143% year over year to $607 million, demonstrating the company's ability to convert higher volumes and pricing into bottom-line growth. The earnings per share beat stands out as particularly strong given the steel sector's compressed margins and ongoing volume headwinds."
"Nucor's financial position remains solid despite operational challenges elsewhere. The company reported $2.75 billion in cash and investments, providing a cushion for strategic investments and shareholder returns. Year to date, the company has returned nearly $1 billion to shareholders through dividends and buybacks, representing more than 70% of net earnings. The board declared its 210th consecutive quarterly dividend of $0.55 per share, payable November 10."
Nucor posted adjusted EPS of $2.63, a 21.8% beat versus consensus, and revenue of $8.52 billion, topping expectations by $370 million. Net income rose 143% year over year to $607 million as higher volumes and pricing aided profitability despite sector margin pressures. Cash and investments totaled $2.75 billion, supporting strategic spending and shareholder returns. Year-to-date returns approached $1 billion through dividends and buybacks, representing over 70% of net earnings. The board declared a $0.55 quarterly dividend. Total assets were $34.78 billion with shareholders' equity of $20.97 billion, supporting investment in new production capacity.
Read at 24/7 Wall St.
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