Steel Mills
March 14, 2016
Nucor Guidance Below Consensus but Sees Improvement in 2016
Written by Sandy Williams
Nucor guidance for first quarter 2016 came in below analyst consensus. Nucor expects first quarter results in the range of $0.20 to $0.25 per diluted share compared to $0.21 in Q1 2015 and adjusted net earnings of $0.45 per diluted share in Q4 2015. Analysts polled by Reuters expected earnings results of $.29 per share.
First quarter earnings are expected to benefit from lower average cost of inventory and a modest improvement in market conditions, said Nucor. Import volumes have shown a small decline and inventories are more balanced at service centers.
