Nucor Reports Strong Results for Fourth Quarter and Full Year 2023
Key Financial Highlights
Nucor Corporation, a leading steel manufacturer, reported strong financial results for the fourth quarter and full year 2023.
Fourth Quarter 2023
- Diluted earnings per share (EPS) of $3.16
- Record quarterly revenue of $10.2 billion
- Adjusted EBITDA of $2.3 billion
Full Year 2023
- Diluted EPS of $13.33
- Record annual revenue of $47.5 billion
- Adjusted EBITDA of $9.5 billion
- Returned $2.3 billion to stockholders through dividends and buybacks
Strong Demand and Production
Nucor attributed its strong performance to continued strong demand for steel products, particularly in the automotive, energy, and construction sectors. The company's production levels for the year were also at record highs.
Commitment to Sustainability
Nucor emphasized its commitment to sustainability in its earnings report. The company continues to invest in technologies that reduce its carbon footprint and promote environmental stewardship.
Download Annual Report
Nucor's annual report for the fiscal year ended December 31, 2022, is available for download here. The report provides a comprehensive overview of the company's financial performance, operations, and strategic initiatives.
Conclusion
Nucor's strong financial results for 2023 demonstrate the company's continued leadership in the steel industry. With its commitment to strong demand, production efficiency, and sustainability, Nucor is well-positioned for continued success in the years to come.
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