Nucor Corporation Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Net Impairment Charges for the Fourth Ended December 31, 2015; Provides Guidance for the Full Year
For the full year, net sales were $16,439,276,000 against $21,105,141,000 a year ago. Earnings before income taxes and no controlling interests was $709,238,000 against $1,204,577,000 a year ago. Net earnings attributable to the company stockholders were $357,659,000 against $713,946,000 a year ago. Diluted net earnings per share were $1.11 against $2.22 a year ago. Cash provided by operating activities was $2,157,043,000 against $1,342,898,000 a year ago. Capital expenditures were $374,123,000 against $667,982,000 a year ago.
For the quarter, the company reported steel mills production was 4,398,000 against 5,205,000 a year ago. Steel mills total shipments were 4,459,000 against 5,317,000 a year ago. Total sales tons to outside customers were 5,107,000 against 6,070,000 a year ago.
For the year, the company reported steel mills production was 19,294,000 against 21,135,000 a year ago. Steel mills total shipments were 19,860,000 against 21,967,000 a year ago. Total sales tons to outside customers were 22,680,000 against 25,413,000 a year ago.
For the fourth quarter of 2015, net impairment charges were $206,740,000.
For the full year the company expects its CapEx to be about $500 million.