Nucor Corporation Reports Consolidated Unaudited Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Capital Expenditures Guidance for 2014
For the year, the company reported net sales of USD 19,052.046 million compared to USD 19,429.273 million a year ago. Earnings before income taxes and non-controlling interests was USD 791.123 million compared to USD 852.94 million a year ago. Net earnings attributable to the company were USD 488.025 million compared to USD 504.619 million a year ago. Basic and diluted earnings per share were USD 1.52 compared to USD 1.58 a year ago. Cash provided by operating activities were USD 1,077.949 million compared to USD 1,200.385 million a year ago. Capital expenditures were USD 1,196.952 million compared to USD 947.608 million a year ago. Purchases of investments were USD 19.349 million compared to USD 409.403 million a year ago. The fourth quarter and full year 2013 results were impacted by an out-of-period non-cash gain of USD 21.3 million or USD 0.07 per diluted share related to a correction to deferred tax balances.
For the quarter, the company reported steel mills production of 4,988,000 tonnes against 4,726,000 tonnes a year ago.
For the year, the company reported steel mills production of 19,900,000 tonnes against 19,865,000 tonnes a year ago.
The company expects significantly lower capital expenditures for 2014, as the majority of its growth projects will be completed in the first half of this year.