Nucor reported not only a record quarter of US$9.67 per diluted share, but record first-half earnings of US$17.30 per diluted share, which is more than double the earnings from the first six months of 2021.
 
"Nucor's differentiated business model is yielding exceptional results,” said Leon Topalian, Nucor's president and chief executive officer, said in a statement. “I would like to congratulate our teammates for delivering world-class performance in safety and profitability while providing exceptional customer service … Our team is focused on delivering the safest and most profitable year in our history."
 
The company shipped a total of 6,977,000 tons of steel to outside customers in the second quarter of 2022, a 9% increase from the first quarter of 2022 and a 7% decrease from the second quarter of 2021.
 
In the first six months of 2022, the company’s consolidated net sales jumped 41% compared to the first six months of 2021.
 
As it enters the third quarter, the company sees demand remaining stable across its major end-use markets.
 
“Though we expect a decrease from the record-setting second quarter, we expect another strong quarter of profitability in the third quarter of 2022. We believe that 2022 will be the most profitable year in Nucor's history,” the company said.