Steel Mills
January 30, 2018
Nucor Delivers Best Yearly Results Since 2008
Written by Sandy Williams
In its year-end 2017 financial report, Nucor delivered its highest annual earnings since 2008. Consolidated net sales increased 25 percent to $20.25 billion, compared with $16.21 billion for fiscal 2016. Shipments to outside customers during 2017 totaled 26,492,000 tons, an increase of 9 percent from fiscal 2016. Average sales price per ton increased 15 percent.
The company reported net earnings of $383.9 million for fourth-quarter 2017, which included a $175.2 million federal tax benefit from legislation enacted during the quarter. Consolidated net sales fell 2 percent to $5.09 billion, but were 29 percent higher than the same quarter a year ago.
