Nucor expects Q3 diluted EPS of $5.55 to $5.65
Nucor expects Q3 diluted earnings of $5.55—$5.65 per share, above Q2 diluted EPS of $5.04 and year-ago Q3 EPS of $2.63.
63. The company said its steel mills segment should see higher earnings on increased average selling prices, while steel products earnings are expected to rise on higher volumes and realized pricing. Nucor said its raw materials segment is expected to post lower earnings because of pricing and shipment trends. Second-quarter results included $130 million of prior-period procurement cash refunds.
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