Leon Topalian News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The decision by corporate boards of directors to tie chief executives' annual compensation primarily to share-price performance paid off handsomely again in 2023.

Nucor Corporation announced increased first quarter earnings Tuesday, when compared to the fourth quarter of last year. Leon Topalian, Nucor's chair, president and chief executive officer, said steel mills segment earnings in the first quarter of 2024 increased from the fourth quarter of 2023, primarily due to higher average selling prices and increased volumes, particularly at its sheet mills. Toplian said Nucor's capital spending will increase with investments continuing at the West Virginia sheet mill, Brandenburg, Kentucky plate mill and micro mill bar projects in North Carolina and Arizon...

Operator: Good morning, and welcome to Nucor's First Quarter 2024 Earnings Call. [Operator Instructions] and today's call is being recorded.

First Quarter of 2024 Highlights

Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65 by 5.21% and represents a 22.25% decrease from earnings of $4.45 per share year-over-year. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion by 1.49% and representing a 6.58% decrease from the same period last year.