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Nucor Foresees Record-Breaking Earnings for 2022

Nucor’s quarterly consolidated net earnings were US$6.50 per diluted share for the third quarter of 2022, compared with US$9.67 per diluted share in the second quarter of 2022 and US$7.28 per diluted share in the third quarter last year. For the first nine months of this year, the company reported consolidated net earnings of US$23.85 per diluted share, up from US$15.34 per diluted share in the first nine months of 2021.
 
"Nucor has already achieved a record-breaking year for earnings per share through the first nine months of 2022 and we continue to believe that we will set a new record for full-year earnings in 2022. Additionally, Nucor set benchmarks with the safest year in our history in both 2020 and 2021 and we are on track to have the safest year in history in 2022,” said Leon Topalian, Nucor's chair, president and chief executive officer.
 
“While economic uncertainty and inflation continue to put pressure across a myriad of sectors in the U.S., we believe the medium- and long-term outlook and fundamentals in our industry remain positive. We believe our growth investments and acquisitions continue to position Nucor to meet and exceed our customers' and shareholders' expectations today and well into the future."
 
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