Nucor Corporation has reported its results for the fourth quarter and full year of 2024, revealing a decline in both net earnings and net sales compared to the previous year. The company’s fourth-quarter net earnings attributable to stockholders totaled $287 million, or $1.22 per diluted share, compared to $785 million, or $3.16 per diluted share, in the same quarter of 2023. For the full year, net earnings attributable to Nucor stockholders were $2.03 billion, or $8.46 per diluted share, down from $4.53 billion, or $18.00 per diluted share, in 2023.

Despite the decrease in earnings, Nucor continues to strengthen its financial position. The company ended the year with $4.14 billion in cash and cash equivalents and remains undrawn on its $1.75 billion revolving credit facility. Nucor’s Board of Directors declared a quarterly cash dividend of $0.55 per share, marking the company’s 207th consecutive dividend payment, and has repurchased approximately $2.74 billion in stock over the year. Nucor anticipates a stable performance in its steel mills and steel products segments for the first quarter of 2025, with expectations for lower earnings in the raw materials segment.