Earnings Reports - United Parcel Service Inc. (UPS) is expected to report quarterly earnings of $1.31 per share on revenue of $20.83 billion [2] - Waste Management Inc. (WM) posted weaker-than-expected results for Q3, leading to a 3.4% decline in shares to $206.50 [2] - Visa Inc. (V) is anticipated to report quarterly earnings of $2.97 per share on revenue of $10.61 billion [2] - Nucor Corp. (NUE) reported Q3 earnings of $2.63 per share, exceeding the analyst estimate of $2.25 per share, with revenue of $8.52 billion, surpassing the consensus estimate of $8.15 billion [2] - PayPal Holdings Inc. (PYPL) is expected to report quarterly earnings of $1.20 per share on revenue of $8.23 billion [2] Stock Performance - UPS shares rose 0.7% to $89.80 in after-hours trading [2] - WM shares fell 3.4% to $206.50 in after-hours trading [2] - Visa shares increased by 0.3% to $348.80 in after-hours trading [2] - Nucor shares slipped 0.6% to $143.24 in after-hours trading [2] - PayPal shares gained 1.3% to $71.15 in after-hours trading [2]

Sensex, Nifty trade higher on Fed rate cut hopes, prospects of U.S.–China deal. Equity benchmark indices Sensex and Nifty were trading higher early on Tuesday (October 26, 2025), driven by hopes of a rate cut by the Federal Reserve and prospects of a U.S.–China trade deal.The 30-share BSE Sensex climbed 125.93 points to 84,904.77 in early trade. The 50-share NSE Nifty went up by 39.8 points to 26,005.85.Among the Sensex firms, State Bank of India, Tata Steel, Larsen & Toubro, Adani Ports, Titan, and Maruti ...

Core Insights - Nucor reported a revenue of $8.52 billion for the quarter ended September 2025, reflecting a 14.5% increase year-over-year and a surprise of +4.39% over the Zacks Consensus Estimate of $8.16 billion [1] - The earnings per share (EPS) for the quarter was $2.63, significantly higher than the $1.49 reported in the same quarter last year, and exceeded the consensus EPS estimate of $2.15 by +22.33% [1] Financial Performance Metrics - Total steel products sales to outside customers reached 1,183.00 KTon, surpassing the average estimate of 1,142.86 KTon [4] - Total steel mills sales tons amounted to 4,976.00 KTon, slightly below the estimated 4,983.09 KTon [4] - The average steel product price per ton was $2,358.00, exceeding the estimated $2,310.98 [4] - Average sales price per ton for total steel mills was $1,038.00, compared to the estimate of $1,028.86 [4] - Sales tons for steel sheet products were 2,440.00 KTon, closely aligning with the estimate of 2,433.78 KTon [4] - Sales tons for steel bars were 1,515.00 KTon, below the estimate of 1,563.97 KTon [4] - Sales tons for steel plate products were 549.00 KTon, also below the estimate of 562.56 KTon [4] - Average sales price per ton for steel sheet was $982.00, exceeding the estimate of $958.85 [4] - Average sales price per ton for steel bars was $961.00, above the estimate of $933.96 [4] - Average sales price per ton for steel plate was $1,182.00, surpassing the estimate of $1,101.85 [4] - Sales tons for raw materials were 615.00 KTon, exceeding the estimate of 601.17 KTon [4] - Sales tons for tubular products were 206.00 KTon, below the estimate of 253.38 KTon [4] Stock Performance - Nucor's shares have returned +0.4% over the past month, underperforming the Zacks S&P 500 composite's +2.5% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Grupo Simec reported a significant decline in net income, down 91% from Ps. 8,587 million in the first nine months of 2024 to Ps. 763 million in the same period of 2025, primarily due to a shift from net exchange income to net exchange loss [13][36]. Financial Performance Overview - **Net Sales**: Net sales decreased by 10% to Ps. 22,320 million in the first nine months of 2025 from Ps. 24,828 million in the same period of 2024, driven by a 9% reduction in shipments of finished steel products and a 1% decline in average sales price [2][36]. - **Cost of Sales**: Cost of sales fell by 9% to Ps. 16,893 million in the first nine months of 2025, representing 76% of net sales compared to 75% in 2024 [3][36]. - **Gross Profit**: Gross profit decreased by 13% to Ps. 5,427 million, with gross profit as a percentage of net sales dropping from 25% in 2024 to 24% in 2025 [4][36]. - **Operating Profit**: Operating profit declined by 15% to Ps. 3,784 million, with operating income as a percentage of net sales at 17% in 2025 compared to 18% in 2024 [7][36]. - **EBITDA**: EBITDA decreased by 11% to Ps. 4,594 million in the first nine months of 2025 [8][36]. - **Selling, General and Administrative Expenses**: These expenses increased by 11% to Ps. 2,036 million, representing 9% of net sales in 2025 compared to 7% in 2024 [5][36]. Quarterly Performance Analysis - **Third Quarter Net Sales**: Net sales increased by 6% from Ps. 7,052 million in the second quarter of 2025 to Ps. 7,485 million in the third quarter, but decreased by 12% compared to Ps. 8,549 million in the third quarter of 2024 [15][26]. - **Cost of Sales**: Cost of sales rose to Ps. 5,726 million in the third quarter of 2025 from Ps. 5,381 million in the second quarter, representing 77% of net sales [16][37]. - **Gross Profit**: Gross profit increased by 5% to Ps. 1,759 million in the third quarter of 2025, but decreased by 18% compared to Ps. 2,156 million in the third quarter of 2024 [17][28]. - **Operating Profit**: Operating profit decreased to Ps. 1,159 million in the third quarter of 2025 from Ps. 1,198 million in the second quarter, and down from Ps. 1,524 million in the third quarter of 2024 [20][31]. - **Net Income**: The company recorded a net income of Ps. 459 million in the third quarter of 2025, a recovery from a net loss of Ps. 1,000 million in the second quarter, but a significant drop from Ps. 3,152 million in the third quarter of 2024 [25][35]. Comprehensive Financial Costs - **Comprehensive Financial Cost**: The company faced a net loss of Ps. 2,229 million in the first nine months of 2025, a stark contrast to a net income of Ps. 4,907 million in the same period of 2024, primarily due to a net exchange loss of Ps. 3,050 million [11][36].

Core Insights - Nucor reported Q3 earnings that significantly exceeded expectations, with adjusted EPS of $2.63 compared to the consensus estimate of $2.16, marking a 21.8% beat [3][4][13] - Revenue reached $8.52 billion, surpassing the expected $8.15 billion, resulting in a $370 million beat on the top line [4][13] - The company experienced a remarkable 143% year-over-year growth in net income, totaling $607 million [5][11][13] Financial Performance - Adjusted EPS: $2.63, up 21.8% from expectations [4][13] - Revenue: $8.52 billion, reflecting a 4.5% increase year-over-year from $7.44 billion in Q3 2024 [4][13] - Net Income: $607 million, a 143% increase year-over-year [5][13] - Cash and Investments: $2.75 billion, down 35% year-over-year from $4.26 billion [9][13] - Total Assets: $34.78 billion; Shareholders' Equity: $20.97 billion [8][13] Strategic Positioning - Nucor's strong balance sheet supports ongoing dividends and share buybacks, having returned nearly $1 billion to shareholders year-to-date [7] - The company declared its 210th consecutive quarterly dividend of $0.55 per share, payable on November 10 [7] - Management is focusing on expanding core steelmaking capabilities while venturing into downstream, steel-adjacent businesses [8][14] Industry Context - The steel mills segment faced challenges with declining earnings due to lower volumes and margin compression, reflecting broader industry dynamics [8][12] - Management anticipates Q4 earnings to be lower than Q3 due to expected decreases in volumes and selling prices in the steel mills segment [12][15] - The commentary indicates a stabilization in the industry, but not an immediate acceleration in demand [14]

Core Viewpoint - ArcelorMittal has released its third quarter 2025 sell-side analyst consensus figures, which reflect the aggregated expectations of approximately 15 brokers covering the company [1][2]. Financial Estimates - The consensus estimates for Q3 2025 are as follows: - EBITDA is projected at $1,464 million - Net income is expected to be $404 million - Earnings per share are estimated at $0.53 [3]. Analyst Participation - A total of 12 brokers contributed to the consensus estimates, indicating active participation from sell-side analysts [4][6]. Company Overview - ArcelorMittal is a leading integrated steel and mining company with operations in 60 countries and primary steelmaking in 15 countries. It is the largest steel producer in Europe and has significant operations in the Americas and Asia [8]. - In 2024, ArcelorMittal generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel, and 42.4 million tonnes of iron ore [8].

Core Insights - Nucor reported increased revenue and profits in the third quarter, indicating strong performance in its operations [1] - The company cautioned that earnings are expected to decline in the current quarter due to a decrease in volumes within its steel mills business [1] Financial Performance - Nucor achieved higher revenue and profits in the third quarter compared to previous periods [1] - The increase in financial performance suggests robust demand and operational efficiency during the reported quarter [1] Future Outlook - The company anticipates a sequential decline in earnings for the current quarter [1] - This forecast is attributed to a drop in production volumes in the steel mills segment, which may impact overall profitability [1]

Nucor Corp. (NYSE:NUE) released its third-quarter earnings report after Monday's closing bell. Here's a look at the key figures from the quarter. NUE stock is moving. See the real-time price action here.The Details: Nucor reported quarterly earnings of $2.63 per share which beat the analyst estimate of $2.25 by 16.63%. Quarterly revenue came in at $8.52 billion which beat the consensus estimate of $8.15 billion. Read Next: Trump’s White House Ballroom Donors Include Google, Micron, Palantir and More“We cont ...

Core Insights - Nucor Corporation reported consolidated net earnings of $607 million, or $2.63 per diluted share, for Q3 2025, showing a slight increase from $603 million, or $2.60 per diluted share, in Q2 2025, and a significant rise from $250 million, or $1.05 per diluted share, in Q3 2024 [1][6][17] Financial Performance - Net sales for Q3 2025 reached $8.52 billion, compared to $8.46 billion in Q2 2025 and $7.44 billion in Q3 2024, indicating a 1% increase from the previous quarter and a 14% increase year-over-year [6][19] - Earnings before income taxes and noncontrolling interests for Q3 2025 were $683 million, with EBITDA reported at $1.27 billion [6][19] - The steel mills segment saw a decrease in earnings due to lower volumes and margin compression, while the steel products segment's earnings declined due to higher average costs per ton despite stable pricing [3][9] Strategic Developments - Nucor is focusing on expanding its core steelmaking capabilities and entering downstream, steel-adjacent businesses, including ramping up production at new bar mill projects and advancing sheet steel production [2][9] - The company has returned nearly $1 billion to shareholders year-to-date, representing over 70% of net earnings through Q3 2025 [2][7] Financial Strength - As of the end of Q3 2025, Nucor held $2.75 billion in cash and cash equivalents, with an undrawn $2.25 billion revolving credit facility [5][19] - Nucor maintains strong credit ratings in the North American steel sector, with recent upgrades from Moody's to A3 [5][19] Shareholder Returns - During Q3 2025, Nucor repurchased approximately 0.7 million shares at an average price of $140.46 per share, with a total of about 4.8 million shares repurchased in the first nine months of 2025 [7][19] - A cash dividend of $0.55 per share was declared, marking Nucor's 210th consecutive quarterly cash dividend [8][19] Future Outlook - Nucor anticipates lower earnings in Q4 2025 compared to Q3 2025, primarily due to expected decreases in volumes and average selling prices across its segments [9][19]

Core Insights - The housing market is experiencing a slowdown, leading to builders cutting prices and offering incentives to sell finished homes, which in turn affects the demand for construction materials like lumber [1][3][19] - Lumber futures have decreased significantly from their August peak of around $695 per thousand board feet to the $590–$610 range, indicating a shift in market dynamics where supply exceeds demand [3][4][17] - Steel demand is also weak, with global prices under pressure due to insufficient consumption across various sectors, although certain regions still show strong demand for steel related to infrastructure and industrial projects [12][16][20] Lumber Market Analysis - Builders overestimated the demand for new homes, leading to excess inventory and a subsequent decline in lumber prices as housing starts and permits dropped [2][3][4] - The lumber market is signaling that housing is not absorbing materials quickly enough, which is a precursor to a slowdown in flatbed freight related to residential construction [8][19] - The expectation is that flatbed carriers heavily reliant on residential construction will face increased competition and need to diversify their service offerings to maintain profitability [10][18] Steel Market Analysis - Global steel demand has been weak throughout 2025, with prices affected by oversupply and insufficient end-use demand, particularly in Asia [12][13] - U.S. steel mills are benefiting from tariffs that limit imported steel, allowing them to maintain production levels despite weak global demand [14][16] - Certain sectors, such as energy and infrastructure, continue to drive demand for steel, indicating that while the overall market is soft, opportunities still exist in specific regions and industries [15][20] Future Outlook - The overall sentiment for flatbed freight heading into 2026 is one of caution, with expectations of a slow recovery in both lumber and steel markets [17][20] - The best opportunities for flatbed carriers will likely shift away from residential construction towards non-residential projects that are less sensitive to interest rates, such as utility infrastructure and industrial builds [18][20] - Carriers are advised to adapt to the changing landscape by broadening their service areas and focusing on sectors that continue to show demand despite the cooling housing market [10][18]