Steel Mills
October 18, 2018
Nucor Planning Targeted Increases in Capacity
Written by Sandy Williams
A strong economy and equally strong steel demand propelled Nucor Corp. earnings growth in the third quarter. Nucor reported earnings of $676.7 million in the third quarter, which included a non-cash impairment charge of $110.0 million related to its natural gas well assets. In comparison, second quarter net earnings were $683.2 and third quarter 2017 earnings were $254.9 million.
Net sales increased 4 percent to $6.74 billion from the second to third quarter. Average sales price per ton increased 7 percent compared to the second quarter and 23 percent from a year ago.
