Nucor (NUE) Revenue — Quarter Ended Jun 29, 2024
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year, reflecting a challenging operating environment.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year, reflecting a challenging operating environment.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.1B
Revenue reported for this quarter.
Quarter-over-quarter
-0.7%
Change from the immediately preceding quarter.
Year-over-year
-15.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$32.7B
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 |
|---|---|---|
| Sep 30, 2023 | $8.8B | -7.8% |
| Dec 31, 2023 | $7.7B | -11.7% |
| Mar 30, 2024 | $8.1B | -6.6% |
| Jun 29, 2024 | $8.1B | -15.2% |
Revenue performance
The company reported lower revenue for the quarter, with a notable year-over-year decrease and a slight sequential decline.
Quarterly comparison
Compared with the same quarter last year, revenue was significantly lower. Sequentially, revenue was nearly flat with a marginal decline from the preceding quarter.
What to watch
Watch for trends in steel demand and pricing that could influence future revenue performance.