Nucor reports Q3 adjusted EPS $2.63, consensus $2.16

Reports Q3 revenue $8.52B, consensus $8.15B. “We continue to execute on Nucor’s (NUE) strategy of growing our core steelmaking capabilities, while expanding into downstream, steel-adjacent businesses,” said Leon Topalian, Nucor’s Chair, President and Chief Executive Officer. “During the third quarter, we began ramping up production at two recently completed bar mill projects, advanced our sheet steel production and coating projects, and commenced pole production at our Alabama Towers & Structures facility. Throughout a period of capital investment, Nucor continues to have the strongest balance sheet of any major steel producer in North America and has returned nearly $1 billion to shareholders year-to-date, representing more than 70% of net earnings through the third quarter.”