Tag: Earnings
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Nucor rides ‘tsunami of earnings power,’ citing data center buildouts
Dive Brief: Nucor Corp., the largest steel manufacturer and scrap recycler in North America, saw steel mill shipments surge during the third quarter compared to last year, driven in part by increased data center construction. The Charlotte, North Carolina-based company reported Q3 steel mill earnings of $793 million, down 6% from the previous quarter and…
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Earnings roundup: Data centers buoy builders’ bottom line
The demand for data centers and related infrastructure to support the artificial intelligence boom continues to balloon, leaders of major public construction firms said in the latest round of earnings calls. With some election-related fog clearing, builders have more insight into the priorities of President Donald Trump, as well as other new administrations around the…