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Nucor

Nucor and Steel Dynamics report Q2 earnings

July 23, 2009

Nucor and Steel Dynamics just reported Q2 2009 earnings.  The Nucor announcement can be found here and Steel Dynamics’ announcement is here.  Both companies improved relative to Q1, which looks like it may have been the bottom for steel industry profitability.  Steel Dynamics posted positive EBITDA per ton of $46 in Q2, much improved from […]

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Nucor Q1 2009 results

April 23, 2009

Nucor reported Q1 results today.  See the company’s press release here.   Nucor’s EBITDA per ton was ($30), slightly better than the results reported by AK Steel and Steel Dynamics.  The results in Q1 and Q2 will be painful for the  steel industry but illuminating for steel nerds because we’ll have an opportunity to see what […]

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“Buy American” video – Steel & the Stimulus Package

February 16, 2009

CBS News magazine 60 Minutes last night reported on the “Buy American” steel aspects of the current stimulus package. The video below features Nucor employees and CEO Dan DiMicco. One of the most interesting comments comes from a group of inside salespeople who explain how in one week in December total orders were negative as […]

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AK, Nucor, Steel Dynamics, US Steel 2008 results

January 27, 2009

Four US-based steel companies announced Q4 and full year 2008 financial results today.  EBITDA and operating income per ton data for the quarter and the year have been added to the Nerds of Steel earnings spreadsheet. If you want to see the earnings announcements click on a company below. AK Steel Nucor Steel Dynamics US […]

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Nucor and Steel Dynamics quarterly results

October 20, 2008

Nucor and Steel Dynamics announced Q3 results last week. Nucor’s results can be found here and Steel Dynamic’s here. Nucor’s EBITDA was very strong at $206/ton and included for the first time a full quarter’s impact of the David J. Joseph acquisition. Steel Dynamics result’s were also strong, with EBITDA of $161/ton. Check out these […]

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Nucor Q2 results

July 17, 2008

Nucor announced Q2 2008 results today. EBITDA per ton was $185, up from $144 in Q1. Check it out in the Nerds of Steel earnings spreadsheet. The increase was a result of higher steel prices and the impact of the David J. Joseph acquisition in February 2008. Nucor’s balance sheet improved markedly as a result […]

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