Nucor sees pressure ahead as earnings slip
Jan 29, 2013 | 12:39 PM
| Catherine Ngai
Tags
Nucor,
US Steel,
steel,
flat-rolled,
raw materials,
Charlotte,
Catherine Ngai
NEW YORK — Nucor Corp.’s net income dipped slightly in the fourth quarter, and the company anticipates further slippage as economic uncertainty pressures future earnings results.
Fourth-quarter net income attributable to Nucor stockholders totaled $136.9 million for the three months ended Dec. 31, down 0.1 percent from $137.1 million in the same 2011 period, on net sales that fell 7.8 percent to $4.45 billion from $4.83 billion, the Charlotte, N.C.-based steelmaker reported Jan. 29.....
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