Nucor Corp. reported net sales for the third quarter of $3.335 billion, a six percent improvement from figures the same time last year. While sales improved, the company reported the average sales per ton declined by 2 percent, while total tons shipped to outside customers increased by 7 percent.
The company also reported net earnings for the first nine months of the year increased by 38 percent to $119 million, compared to $86.5 million the same time the previous year.
In the third quarter of 2002, Nucor's consolidated sales increased 11 percent to $1,166 million, compared with $1.053 million in last year's third quarter, due to a 3 percent increase in average sales price per ton and a 7 percent increase in total tons shipped to outside customers.
Net earnings for this year's third quarter increased 91 percent to $39,200,000, compared with $20,500,000 in the third quarter of 2001.
Latest from Recycling Today
- Cards Recycling, Live Oak Environmental merge to form Ecowaste
- Indiana awards $500K in recycling grants
- Atlantic Alumina partners with US government on alumina, gallium production
- GP Recycling president retires
- Novelis Latchford commissions new bag houses
- UK facility focuses on magnet recycling
- Aduro revenue increases while losses widen
- Worldsteel updates its indirect steel data
