Steel Mills
June 18, 2015
Nucor Guidance Says Imports Causing Earnings Drop in Q2
Written by Sandy Williams
Nucor’s second quarter guidance indicates earnings in the range of $0.20 to $0.25 per diluted share, below analyst consensus of $0.30 per share for the quarter. Earnings decreased from Q2 2014 at $0.46 per share and are comparable to $0.21 in Q1 2015.
Overall operating performance is down from Q1. Prices are beginning to stabilize, said Nucor, but the price decreases in Q2 outpaced the decrease in raw material pricing.
