Nucor (NUE) Q2 EPS Guidance Tops Consensus

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Nucor Expects Record Quarterly Earnings in the Second Quarter of 2021

June 16, 2021 9:00 AM EDT

CHARLOTTE, N.C., June 16, 2021 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its second quarter ending July 3, 2021. Nucor expects second quarter earnings to be in the range of $4.60 to $4.70 per diluted share. Second quarter of 2021 earnings are expected to be the highest quarterly earnings in Nucor history, surpassing the previous record set in the first quarter of 2021 of $3.10 per diluted share.

Included in the second quarter of 2021 guidance range is an estimated $42 million (approximately $0.11 per diluted share) non-cash impairment charge related to our leasehold interest in unproved oil and... More