Steel Mills
January 27, 2015
Nucor Reports Strong Q4
Written by Sandy Williams
Nucor Corp. reported net earnings of $210.4 million for the fourth quarter of 2014, compared to $245.4 million in the third quarter of 2014 and $170.5 million in the fourth quarter of 2013. The drop was expected due to typical seasonality in the fourth quarter and downward pressure on the industry from steel imports.
Net sales decreased 12 percent to $5 billion in the Q4 2014 compared to $5.7 billion in Q3. Sales increased by 2 percent year over year. Nucor shipped 6.07 million tons to outside customers in the fourth quarter, down 11 percent from Q3 and up 1 percent y/y. Total Q4 shipments were down 7 percent from Q3 and up 2 percent
