Nucor Posts Q4 Loss On Impairment Charges - Quick Facts

(RTTNews) - Nucor Corp. (NUE) reported a fourth-quarter net loss attributable to stockholders of $62.0 million or $0.19 per share compared to profit of $210.4 million or $0.65 per share, last year. Adjusted consolidated net earnings was $144.7 million, or $0.46 per share, for the quarter.

The company noted that its adjusted net earnings excludes a $153.0 million or $0.48 per share impairment charge related to Duferdofin Nucor S.r.l. joint venture and an $84.1 million or $0.17 per share impairment charge on assets which are primarily engineering and equipment related to the current blast furnace project.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales were $3.46 billion, down 31% from $5.00 billion in the fourth quarter of 2014. Analysts expected revenue of $3.67 billion for the quarter.

The company currently expects a LIFO expense of $13.5 million or $0.03 per share in the first quarter of 2016.