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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 8.14B | 5.6% |
Gross Profit | 1.12B | 19.7% |
Cost of Revenue | 7.02B | 4.3% |
Operating expense | 404M | 3.1% |
Net Income | 845M | 7.6% |
EBITDA | 1.21B | 9.1% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 33.9B | 4% |
Total Liabilities | 12.2B | 7.6% |
Total Equity | 20.7B | 1.2% |
Shares Outstanding | 243M | 1.5% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 460M | 69.8% |
Cash from investing | -890M | 35.7% |
Cash from financing | -1.4B | 300.5% |
EPS
Financial Highlights for Nucor in Q1 '24
Nucor reported a revenue of 8.14B, which is a 5.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.12B, marking a -19.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 7.02B, a 4.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 404M, showing a -3.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 845M, showing a 7.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.21B, showing a 9.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Nucor faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.