Steel Mills
December 15, 2021
Nucor Expects Record Earnings in Fourth Quarter
Written by Tim Triplett
Nucor Corp. expects earnings this quarter to be the highest in the company’s history, surpassing the previous quarterly record of $7.28 per diluted share in the third quarter of 2021. The Charlotte, N.C.-based steelmaker predicted fourth-quarter earnings would be in the range of $7.65 to $7.75 per share.
“Steel mill segment earnings in the fourth quarter of 2021 remain robust and are expected to be comparable to the third quarter of 2021 despite lower volumes caused by year-end seasonality,” the company said in earnings guidance released Wednesday, Dec. 15.
