Financial Data and Key Metrics Changes - Nucor's stockholders meeting confirmed a quorum with 230,746,135 shares present or represented by proxy, indicating strong shareholder engagement [5] - The meeting included proposals for the election of directors, ratification of the independent accounting firm, and approval of executive compensation and incentive plans, reflecting the company's governance and financial oversight [10][11] Business Line Data and Key Metrics Changes - Specific financial data and performance metrics for individual business lines were not disclosed during the meeting [2] Market Data and Key Metrics Changes - No specific market data or key metrics were provided in the meeting [2] Company Strategy and Development Direction and Industry Competition - The company emphasized its commitment to health, safety, and well-being of its team members, which is a core value driving its operational strategy [15] - Nucor's approach to capital allocation is disciplined, focusing on generating attractive returns for stockholders, indicating a strategic emphasis on financial performance and shareholder value [15] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude towards team members and stockholders, highlighting the importance of trust and continued focus on core values [15] - There were no specific comments on the operating environment or future outlook provided during the meeting [2] Other Important Information - The meeting included the election of eight directors, all of whom were reelected, and the ratification of PricewaterhouseCoopers as the independent accounting firm for 2025 [13] - The advisory vote on executive compensation for 2024 was approved, along with the approval of the 2025 Omnibus Incentive Compensation Plan, indicating strong support for management's compensation strategy [13] Q&A Session Summary - There were no questions submitted during the Q&A session, indicating either a lack of inquiries from stockholders or a comprehensive presentation that addressed potential concerns [14]

Nucor (NYSE: NUE ) has a strong macroeconomic opportunity at play going through the end of the decade, as US tariff policy may potentially lead to an increase in domestic manufacturing. With data center growth on track givenMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Techn ...

The most important aspect of the S&P 500 index (^GSPC 0.63%) that often gets overlooked is that the stocks are selected by a committee. The goal isn't to create an index that represents the stock market, it's to create an index that is representative of the broader U.S. economy.The index is filled with large and important companies, which is why it is such an interesting starting point if you are looking for stocks to buy. One company that's particularly interesting right now is a Dividend King that has fal ...

Nucor (NUE) Q1 2025 Earnings Call April 29, 2025 03:11 PM ET Speaker0 Good morning, and welcome to Nucor's First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise, and today's call is being recorded. After the speakers' prepared remarks, I will provide instructions for callers wishing to ask questions. I would now like to introduce Jack Sullivan, Vice President of Nucor Investor Relations. You may begin your call. Speaker1 Thank you, and good mornin ...

FIRST QUARTER 2025 EARNINGS CALL LEON TOPALIAN Chair, President and CEO STEVE LAXTON Executive Vice President and CFO April 29, 2025 FORWARD-LOOKING STATEMENTS 2 NON-GAAP FINANCIAL MEASURES The Company uses certain non-GAAP (Generally Accepted Accounting Principles) financial measures in this news presentation, including adjusted earnings, EBITDA and Free Cash Flow (FCF). Generally, a non- GAAP financial measure is a numerical measure of a company's performance or financial position that either excludes or ...

Financial Data and Key Metrics Changes - Nucor generated EBITDA of $696 million and earned $0.77 of adjusted EPS in Q1 2025, despite lower results compared to prior quarters [7] - Net earnings were $156 million or $0.67 per share, including pretax charges of $29 million related to facility closures [19] - The company incurred $170 million in pre-operating and startup costs during the quarter [20] Business Line Data and Key Metrics Changes - The steel mill segment generated adjusted pretax earnings of $241 million, increasing approximately 43% from the prior quarter, with a volume increase of 14% [20] - The bar mill group saw shipments rise 21% compared to the prior quarter and 20% year over year [20] - The steel products segment generated adjusted pretax earnings of $37 million, with backlog growth of nearly 25% across all downstream products [22] Market Data and Key Metrics Changes - Backlogs rose over 30% in the steel mill segments and nearly 25% in steel products [15] - The company noted steady to improving demand for steel among customers engaged in rebuilding American industry [16] - The structural backlog is at the highest levels in Nucor's history, indicating strong future demand [76] Company Strategy and Development Direction - Nucor is focused on long-term growth plans, reinvesting nearly $860 million into the company, with two-thirds allocated to projects commencing operations in the next two years [7] - The company is advancing its "expand beyond" strategy and driving key acquisitions to strengthen and diversify its earnings profile [8] - Nucor aims to maintain a strong investment-grade credit quality and has raised $1 billion in senior notes to pre-fund upcoming debt maturities [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a robust order book and healthy demand across various sectors, including advanced manufacturing and infrastructure projects [16][78] - The company is well-positioned to capture domestic steel demand growth, with expectations for earnings to be meaningfully higher in Q2 2025 compared to Q1 [31] - Management acknowledged macroeconomic uncertainties but emphasized Nucor's strong capabilities and financial strength to navigate these challenges [17] Other Important Information - Nucor's greenhouse gas emission intensity is among the lowest in the global steel industry, and the company is advancing cleaner energy sources [18] - The company has made several acquisitions since 2022 to expand its construction products capabilities, establishing four distinct platforms with higher growth potential [24] Q&A Session Summary Question: Can you provide clarity on the magnitude of startup costs for 2025? - Management indicated that startup costs for the balance of the year would be similar to previous quarters, around $160 million to $170 million [36] Question: What are the expected utilization rates for the Brandenburg mill by year-end 2025? - Management expressed confidence in achieving EBITDA positive run rates by summer and highlighted significant production achievements [39] Question: Can you provide guidance on the second quarter outlook? - Management refrained from providing specific quantitative guidance but acknowledged strong order entry rates and backlogs [50] Question: How is Nucor mitigating tariff impacts on raw materials? - Management emphasized a diversified raw material supply strategy and noted that the impact of tariffs on raw materials is minimal [54] Question: What is the impact of Section 232 on downstream products? - Management noted that the extension of Section 232 is having a positive impact, with imports dropping below 20% for the first time in years [64] Question: Can you clarify the adjusted EPS compared to guidance? - The beat in adjusted EPS was driven primarily by volume increases in the steel segment, particularly in bar and sheet products [87] Question: What contributed to the gross margin squeeze? - Management identified higher energy costs and increased scrap costs as contributing factors to the margin squeeze [90] Question: Is there any speculation for tariffs included in the $3 billion CapEx? - Management confirmed that the CapEx does not include any speculation for tariffs [94]

Average sales price per ton fell 12% from the prior-year quarter and also declined 2% sequentially. The company's steel mills' overall operating rates were 80% in the reported quarter, compared with 74% in the fourth quarter of 2024 and 82% in the first quarter of 2024. Nucor Corporation (NUE) reported earnings of 67 cents per share for first-quarter 2025, down from $3.46 in the year-ago quarter. Barring one-time items, NUE recorded earnings of 77 cents per share, down from $3.46 a year ago. It surpassed th ...

Analyst's Disclosure: I/we have a beneficial long position in the shares of NUE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any in ...

Financial Performance - For the quarter ended March 2025, Nucor reported revenue of $7.83 billion, a decrease of 3.8% compared to the same period last year [1] - Earnings per share (EPS) was $0.77, down from $3.46 in the year-ago quarter [1] - The reported revenue exceeded the Zacks Consensus Estimate of $7.22 billion by +8.52%, while the EPS surpassed the consensus estimate of $0.68 by +13.24% [1] Key Metrics - Total steel products sales amounted to 1,048 KTon, exceeding the average estimate of 972.77 KTon by four analysts [4] - The average steel product price per ton was $2,294, slightly below the average estimate of $2,338.66 [4] - Sales tons to outside customers for total steel mills reached 5,226 KTon, surpassing the average estimate of 4,751.93 KTon [4] Stock Performance - Nucor's shares have returned -5.1% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance against the broader market in the near term [3]

Nucor (NUE) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $3.46 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 13.24%. A quarter ago, it was expected that this steel company would post earnings of $0.64 per share when it actually produced earnings of $1.22, delivering a surprise of 90.63%. Over the last four quarters, the company ha ...