Nucor Reveals Q2 Guidance: Steel Products Segment To Have Decreased Earnings YoY Due To Lower Average Selling Prices, Partially Offset By Increased Volumes
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation has released its Q2 guidance, indicating that its Steel Products segment will experience decreased earnings year-over-year due to lower average selling prices. However, this decline will be partially offset by increased volumes.
June 14, 2024 | 11:37 am
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Nucor Corporation's Q2 guidance indicates a year-over-year decrease in earnings for its Steel Products segment due to lower average selling prices, though increased volumes will partially offset this decline.
The guidance suggests a negative impact on earnings due to lower selling prices, which is a critical factor for investors. Although increased volumes provide some relief, the overall impact is likely negative in the short term.
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