Nucor (NUE) Tops Q1 EPS by 13c, Revenues Beat

Nucor (NYSE: NUE) reported Q1 EPS of $1.63, $0.13 better than the analyst estimate of $1.50. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $6.07 billion.

"Our diversified business model helped us to once again deliver a significant year-over-year Improvement in first quarter earnings," said John Ferriola, Nucor's Chairman, Chief Executive Officer and President. "Our plate, bar, and structural mills were strong contributors in the first quarter, and several of our downstream businesses also increased earnings as compared to the year ago period."

Mr. Ferriola continued, "While we are focused on bringing new projects online to drive incremental earnings growth and margin expansion, we are also actively evaluating other profitable growth opportunities. We will remain disciplined and opportunistic, consistent with our focus on shareholder value creation. Overall, Nucor is well-positioned for continued growth and success, we are building on our strong momentum and we remain confident in our near-and long-term prospects."

For earnings history and earnings-related data on Nucor (NUE) click here.

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