Steel Mills
July 19, 2018
Nucor Nearly Doubles Net Earnings in Q2
Written by Sandy Williams
Nucor’s consolidated net earnings in the second quarter of 2018 jumped to $683.2 million, the second highest quarterly earnings in the company’s history. In comparison, earnings were $354.2 million in the first quarter and $323 million in Q2 2017.
Nucor’s Chairman and CEO John Ferriola attributed the successful quarter to an upturn in the steel market. “We have increased our workforce by 18 percent and invested $8 billion since the last cyclical peak in 2008,” he said. “Now, against the backdrop of a strong market and economy, we are capitalizing on those investments to move up the value chain and profitably grow our company.”
