Steel Mills
October 22, 2015
Nucor Earnings Solid in Third Quarter 2015
Written by Sandy Williams
Nucor third quarter earnings exceeded analyst expectations with earnings per share of $0.71 compared to estimates of $0.49. Nucor posted net income of $227.1 million, up from $124.8 million in second quarter due to a larger than forecasted LIFO credit and improved performance in the steel segment.
Consolidated net sales were $4.23 billion on shipments of 5.88 million tons—both down 3 percent from second quarter. Average sales price per ton was in line with second quarter.
