Steel Mills
September 17, 2015
Nucor Guidance Indicates Improvement in Q3
Written by Sandy Williams
Nucor guidance for third quarter 2015 beat analyst estimates. Results are expected to be in the range of $0.45 to $0.50 per diluted share, up from $0.39 in second quarter but a decrease from 2014 Q3 earnings of $0.76 per diluted share.
Nucor said margins have benefited from lower inventory costs in third quarter. The automotive markets remain strong and nonresidential construction continues to gradually improve. Weakness, however, is still evident in energy, heavy equipment and agriculture.
