Steel Mills
April 24, 2014
Nucor Sales Defy Weather but Earnings Don’t
Written by Sandy Williams
Nucor announced consolidated net earnings of $111 million for first quarter 2014, up from $84.8 million a year ago but down from $170.5 million in the previous quarter.
Net sales were up 12 percent to $5.11 billion year over year and 4 percent from fourth quarter 2013. Tons shipped to outside customers increased 8 percent y/y to 6.1 million and rose 3 percent from the fourth quarter despite winter weather challenges. Total first quarter steel shipments increased 4 percent from fourth quarter and 7 percent from Q1 2013.
