Nucor (NUE) Revenue — Quarter Ended Jul 1, 2023
Revenue for the quarter increased compared to the immediately preceding period but decreased relative to the same quarter one year earlier. Net earnings also declined from the year-ago quarter.
Key takeaway
Quarter ended Jul 1, 2023 · FY2022 Q3
Revenue for the quarter increased compared to the immediately preceding period but decreased relative to the same quarter one year earlier. Net earnings also declined from the year-ago quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.5B
Revenue reported for this quarter.
Quarter-over-quarter
+9.3%
Change from the immediately preceding quarter.
Year-over-year
-7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 1, 2022 | $10.5B | +1.8% |
| Dec 31, 2022 | $8.7B | -15.8% |
| Apr 1, 2023 | $8.7B | -17.0% |
| Jul 1, 2023 | $9.5B | -7.7% |
Revenue performance
The sequential revenue improvement occurred alongside a lower cost of products sold than in the same quarter last year, though selling, general, and administrative expenses also decreased.
Quarterly comparison
Compared with the prior quarter, revenue rose, reversing a pattern of decline. However, revenue remained below the level achieved in the same quarter a year earlier, continuing a year-over-year decrease.
What to watch
Operating cash flow in the first half of the year declined from the same period last year, largely driven by lower net earnings, which merits attention.