Nucor Corp experiences Q4 2022 net income decline to $785 million and $3.16 per share, due to lower pricing and sales volumes.

Nucor Corp, a steel producer, has reported a decline in its fourth-quarter profit due to lower pricing and sales volumes across all its segments. The company saw its net income fall to $785 million, or $3.16 per share, in Q4 2022, down from $1.26 billion, or $4.89 per share, a year earlier. Despite these results, Nucor's CEO remains optimistic about the company's future with a resilient U.S. economy. Revenue for the company fell to $7.7 billion in Q4 2022, down from $8.72 billion a year ago.

January 29, 2024
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