1/27/2015 3:51:00 PM
NEWS BRIEFS
Nucor Fastener Segment Sales Grow
Nucor reported sales increased 11% to $21.1 billion in 2014. Average sales price per ton increased 3%. Total tons shipped to outside customers in 2014 were 25,413,000, an increase of 7% from the full year 2013.
Cold finished steel sales, including results from Nucor Fastener, grew 6% to 504,000 tons for the year.
Fourth quarter cold finished steel sales declined 10% to 104,000 tons.
Overall Q4 sales fell 12% to $5 billion. Average sales price per ton decreased 2% from the third quarter of 2014 and increased 1% from the fourth quarter of 2013. Total tons shipped to outside customers were 6,070,000 tons in the fourth quarter of 2014, an 11% decrease from the third quarter of 2014 and a 1% increase over the fourth quarter of 2013.
Q4 operating earnings increased 48% to $351.2 million, with net earnings up 28% to $245 million.
Related Stories:
• U.S. Set to Levy Duties on Wire Rod From China
• U.S. Fastener Activity Drops Double Digits
• Fastener Demand Up 5.4% Annually Through 2018
Related Links:
Share: