Nucor corp reports q4 earnings per share of $0.35

Nucor reports results for fourth quarter and year ended 2019.q4 sales $5.13 billion versus refinitiv ibes estimate of $4.94 billion.expect nucor's earnings in q1 of 2020 to increase as compared to q4 of 2019.expect earnings in steel mills segment to increase in q1 of 2020 as compared to q4 of 2019.expect a more stable pricing environment in 2020.qtrly earnings per share $0.35.expect profitability of steel products segment in q1 of 2020 to decrease as compared to q4 of 2019.believe that inventory destocking that occurred throughout most of 2019 concluded in q4.nucor - average sales price per ton in q4 of 2019 decreased 5% compared with q3 of 2019 and decreased 16% compared with q4 of 2018.general business conditions improved in q4 due to a number of factors.average scrap and scrap substitute cost per gross ton used in q4 was $275, an 8% decrease compared to $299 in q3.q4 earnings per share view $0.31 -- refinitiv ibes data.included in q4 earnings are non-cash impairment charges of $66.9 million, or $0.17 per diluted share.total steel mill shipments in q4 of 2019 remained flat as compared to q3 of 2019 and decreased 2% as compared to q4 of 2018.total of 6,486,000 tons were shipped to outside customers in q4 of 2019, a 1% decrease from q3 of 2019 and a 3% decrease from q4 of 2018."expect performance of raw materials segment to increase in q1 of 2020 as compared to q4 of 2019".
NUE Ratings Summary
NUE Quant Ranking