Earnings summaries and quarterly performance for NUCOR.
Executive leadership at NUCOR.
Leon J. Topalian
Chair, President and Chief Executive Officer
Allen C. Behr
Executive Vice President - Raw Materials
Daniel R. Needham
Executive Vice President - Commercial
K. Rex Query
Executive Vice President - Strategy
Stephen D. Laxton
Chief Financial Officer and Executive Vice President
Board of directors at NUCOR.
Research analysts who have asked questions during NUCOR earnings calls.
Katja Jancic
BMO Capital Markets
7 questions for NUE
Lawson Winder
Bank of America
7 questions for NUE
Tristan Gresser
BNP Paribas
7 questions for NUE
Alex Hacking
Citigroup
6 questions for NUE
Carlos de Alba
Morgan Stanley
6 questions for NUE
Timna Tanners
Wolfe Research
5 questions for NUE
Bill Peterson
JPMorgan Chase & Co.
4 questions for NUE
Michael Harris
Goldman Sachs
3 questions for NUE
Philip Gibbs
KeyBanc Capital Markets
3 questions for NUE
William Peterson
JPMorgan Chase & Co.
3 questions for NUE
Martin Englert
S&P Global Commodity Insights
2 questions for NUE
Andrew Jones
UBS
1 question for NUE
Chris LaFemina
Jefferies Financial Group
1 question for NUE
Christopher LaFemina
Jefferies
1 question for NUE
Mike Harris
Goldman Sachs
1 question for NUE
Recent press releases and 8-K filings for NUE.
- Nucor CFO Steve Laxton will become President and Chief Operating Officer effective January 1, 2026
- Longtime COO David A. Sumoski to retire June 13, 2026 after more than 30 years with the company
- Nucor will conduct a search for a new CFO, with Laxton remaining in the role until his successor is appointed
- Nucor generated EBITDA of $1.3 billion and EPS of $2.63 for Q3 2025, with net earnings of $607 million ($2.63 per share) and year-to-date adjusted net earnings of $1.4 billion ($5.98 per share).
- The company invested $807 million in capital expenditures during the quarter (YTD $2.6 billion, full-year guidance $3.3 billion), and returned $230 million to shareholders through dividends and share repurchases (nearly $1 billion YTD, 72% of net earnings).
- Nucor maintained a 24% debt-to-capital ratio with $2.7 billion of cash, generated $1.3 billion of operating cash flow, and received a Moody’s credit rating upgrade to A3, achieving a trio of A-/A3 ratings among major North American steel producers.
- Key growth projects advanced: two bar mills commissioned; pole production and galvanizing started at the Alabama facility; Kingman (AZ) and Lexington (NC) mills are ramping toward EBITDA-positive in Q1 2026; and the West Virginia sheet mill is two-thirds complete, on schedule for end-2026 ramp-up.
- EBITDA of $1.265 B, net earnings of $607 M and EPS of $2.63 in Q3 2025
- $807 M capex deployed in Q3 and FY capex guidance raised to ~$3.3 B; returned $227 M to shareholders in Q3, representing 72% of YTD net earnings
- External shipments remained stable at ~6.8 M tons Q/Q, with record rebar volumes and mill backlogs of ~3.5 M tons (+30% Y/Y)
- 24% total debt/cap and $3.6 B liquidity, with net debt/EBITDA of 1.0x and a Moody’s upgrade to A3 in September 2025
- Q4 earnings are expected to be lower versus Q3 due to softer pricing and fewer shipping days across segments
- Nucor generated EBITDA of $1.3 billion and reported net earnings of $607 million ($2.63 EPS), exceeding guidance driven by strong mill shipments and favorable corporate adjustments.
- The steel mill segment posted $793 million in pre-tax earnings (–6% QoQ), with record rebar shipments, sheet backlog up 13% YoY, and bar backlog up 35% YoY.
- Q3 capital expenditures were $807 million, lifting expected FY 2025 CapEx to $3.3 billion, while Nucor returned 72% of YTD net earnings (≈$1 billion) to shareholders via dividends and buybacks.
- For Q4, Nucor anticipates lower volumes due to seasonal effects, five fewer shipping days, and DRI outages, with softer mill pricing offset by stable product pricing; 2026 demand outlook is stable.
- Nucor posted $607 million in net earnings attributable to stockholders, or $2.63 per diluted share, on $8.52 billion of net sales in Q3 2025; EBITDA was $1.27 billion.
- The company held $2.75 billion in cash and short-term investments with an undrawn $2.25 billion revolver and maintains top steel-sector credit ratings of A-/A-/A3.
- In Q3 2025, Nucor repurchased 0.7 million shares at an average of $140.46, returning nearly $1 billion to shareholders year-to-date (over 70% of net earnings).
- For Q4 2025, Nucor expects earnings to be lower than Q3 due to lower volumes, reduced average selling prices, and planned outages in its raw materials segment.
- Net earnings of $607 million, or $2.63 per diluted share, on net sales of $8.52 billion in Q3 2025.
- Began ramping up production at two new bar mill projects, advanced sheet steel production and coating initiatives, and commenced pole production at the Alabama Towers & Structures facility.
- Returned capital through repurchasing 0.7 million shares at an average price of $140.46 and declaring a $0.55 per share quarterly dividend, marking the 210th consecutive payment.
- Issued guidance that Q4 2025 earnings are expected to be lower than Q3 due to reduced volumes and average selling prices across key segments.
- Electra will build a 130,000 sq ft demonstration facility in Jefferson County, CO, producing up to 500 metric tons of low-carbon iron annually, with operations beginning mid-2026.
- The project is funded by a $50 million Breakthrough Energy Catalyst grant, an $8 million Colorado tax credit, and $186 million in Series B financing.
- Advanced purchase agreements include Nucor for Electric Arc Furnace steelmaking, Toyota Tsusho for green-steel distribution, and INTERFER Edelstahl for specialty applications.
- Meta agreed to purchase verified Environmental Attribute Credits for CO₂ reductions from Electra’s clean iron, supporting its net-zero by 2030 goal.
- Nucor expects Q3 2025 earnings of $2.05–$2.15 per diluted share, compared with $2.60 in Q2 2025 and $1.05 in Q3 2024.
- Earnings across the steel mills, steel products, and raw materials segments are projected to decrease in Q3 due to lower volumes, margin compression, and higher costs.
- The company repurchased 0.7 million shares in Q3 at an average price of $140.46, bringing year-to-date repurchases to 4.8 million shares at $126.26 and returning $985 million to shareholders via buybacks and dividends.
- Q3 results will be released on October 27, 2025, followed by a conference call on October 28 at 10:00 a.m. ET.
- Nucor expects Q2 2025 EPS of $2.55–$2.65, versus $0.67 in Q1 2025 and $2.68 in Q2 2024.
- All three operating segments are projected to post higher earnings in Q2, led by the steel mills (due to higher sheet and plate prices); steel products benefits from stable pricing, volume gains and lower costs; raw materials also up.
- Repurchased approximately 1.8 million shares in Q2 at an average of $111.89 (4.0 million shares YTD at $123.75), returning $755 million to shareholders YTD through buybacks and dividends.
- Plans to release Q2 results after market close on July 28, 2025, and host a conference call on July 29 at 10:00 a.m. ET.
- Global markets opened June with mixed performance amid escalating trade tensions
- President Trump’s decision to double steel tariffs to 50% spurred strong gains in US steel stocks
- Nucor shares climbed about 10% following the tariff announcement
Quarterly earnings call transcripts for NUCOR.
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