Nucor Expects Best Q2 Since 2008

Nucor Corp. expects second-quarter results to be somewhat weaker than the first quarter, but an improvement from second-quarter 2016. Results in the range of $1.00 to $1.05 per diluted share will be Nucor’s best second-quarter performance since 2008.

In guidance this week, Nucor noted a decrease in the performance of its sheet and bar mills compared to the first quarter due to aggressive competition. The company’s plate mills are showing improved profitability compared to the first quarter. Its downstream products segment will be stronger than the first quarter but weaker than second-quarter 2016.