Lewis attributed shipment growth primarily to carbon long and flat-rolled products, adding that Reliance increased gross profit margin year-over-year in those categories. She said the company’s FIFO gross profit margin improved by 90 basis points in 2025 versus 2024 due to pricing discipline and increased mill prices for carbon products supported by “healthy demand.”Lewis said 2025 tons shipped increased 6.2% to a record 6.4 million tons sold, outperforming the industry by more than seven percentage points. ...

Core Viewpoint - Nucor Corporation anticipates a decrease in fourth quarter earnings for 2025, projecting earnings per diluted share between $1.65 and $1.75, down from $2.63 in the third quarter of 2025 and $1.22 in the fourth quarter of 2024 [1][2] Fourth Quarter of 2025 Commentary - Earnings are expected to decline across all operating segments compared to the third quarter of 2025 due to seasonal effects and fewer shipping days [2] - The steel mills segment is projected to see lower earnings due to reduced volumes and margin compression, particularly in sheet products [2] - The steel products segment is expected to experience a decline in earnings driven by lower volumes and increased average costs per ton, although partially offset by higher average realized pricing [2] - The raw materials segment is anticipated to have lower earnings primarily due to two scheduled outages at DRI facilities [2] Capital Returns - Nucor repurchased approximately 0.7 million shares at an average price of $145.23 per share during the fourth quarter, totaling about 5.4 million shares year-to-date at an average price of $128.66 per share [3] - The company has returned approximately $1.2 billion to stockholders through share repurchases and dividend payments year-to-date [3] 2026 Outlook - Nucor is optimistic about 2026, citing significantly higher backlogs compared to the previous year, particularly in construction market segments such as energy, infrastructure, data centers, and manufacturing [4] - The company expects that favorable monetary, tax, and trade policies will contribute to gradual improvements in business conditions [4] Earnings Release and Conference Call - Nucor plans to release its fourth quarter earnings after market close on January 26, 2026, followed by a conference call on January 27, 2026, at 10:00 a.m. Eastern Time [5]

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 - Nucor Corporation is a leading player in the steel manufacturing industry, producing a diverse range of steel products across North America [1] - The company is set to report quarterly earnings on October 27, 2025, with analysts estimating an EPS of $2.16, reflecting a 45% year-over-year increase [2][6] - Projected revenue for the upcoming quarter is approximately $8.15 billion, indicating a 9.7% rise year-over-year [2][6] Financial Metrics - The consensus EPS estimate has been revised upward by 1.4% over the past month, suggesting positive analyst sentiment [3] - Nucor's P/E ratio is approximately 24.64, indicating favorable market valuation of its earnings [4] - The price-to-sales ratio stands at about 1.03, showing that investors are willing to pay slightly more than one times the company's sales [4] - The enterprise value to sales ratio is around 1.19, reflecting the company's total valuation relative to its sales [4] Debt and Liquidity - Nucor maintains a low debt-to-equity ratio of 0.34, indicating a relatively low level of debt compared to its equity [5] - The company has a strong current ratio of approximately 2.83, demonstrating its ability to cover short-term liabilities with short-term assets [5]

Financial Performance - Nucor Corporation reported consolidated net earnings of $603 million, or $2.60 per diluted share, for Q2 2025, compared to $156 million, or $0.67 per diluted share, in Q1 2025, and $645 million, or $2.68 per diluted share, in Q2 2024 [1][8] - For the first six months of 2025, consolidated net earnings were $759 million, or $3.26 per diluted share, down from $1.49 billion, or $6.14 per diluted share, in the same period of 2024 [2] Segment Performance - Earnings before income taxes for the steel mills segment were $843 million in Q2 2025, up from $645 million in Q2 2024, while the steel products segment earned $392 million, down from $442 million [4] - The raw materials segment reported earnings of $57 million in Q2 2025, compared to $39 million in Q2 2024 [4] Sales and Shipments - Consolidated net sales increased by 8% to $8.46 billion in Q2 2025 from $7.83 billion in Q1 2025, and by 5% from $8.08 billion in Q2 2024 [5] - Approximately 6,820,000 tons were shipped to outside customers in Q2 2025, an 8% increase compared to Q2 2024 [5][6] Cost and Pricing - The average sales price per ton in Q2 2025 increased by 8% compared to Q1 2025 but decreased by 3% compared to Q2 2024 [5] - The average scrap and scrap substitute cost per gross ton used in Q2 2025 was $403, a 2% increase from $394 in Q1 2025 [7] Operational Efficiency - Overall operating rates at Nucor's steel mills increased to 85% in Q2 2025, up from 80% in Q1 2025 and 75% in Q2 2024 [11] - The company set a safety record in the first half of 2025 while achieving sequential earnings growth across all reporting segments [3] Financial Strength - Nucor had $2.48 billion in cash and cash equivalents at the end of Q2 2025, with a $2.25 billion revolving credit facility remaining undrawn [12] - The company maintains strong credit ratings in the North American steel sector [12] Shareholder Returns - During Q2 2025, Nucor repurchased approximately 1.8 million shares at an average price of $111.89 per share, with $606 million remaining authorized for future repurchases [13] - A cash dividend of $0.55 per share was declared, marking the 209th consecutive quarterly cash dividend [14] Future Outlook - Earnings in Q3 2025 are expected to be nominally lower than in Q2 2025, primarily due to anticipated margin compression in the steel mills segment [16]

Core Insights - Nucor Corporation expects second quarter earnings to be between $2.55 and $2.65 per diluted share, showing a decrease from $2.68 per diluted share in the same quarter of 2024 and an increase from $0.67 per diluted share in the first quarter of 2025 [1][2] Earnings Expectations - Earnings are anticipated to rise across all three operating segments, with the steel mills segment expected to see the largest increase due to higher average selling prices at sheet and plate mills [2] - The steel products segment is projected to benefit from stable pricing, increased volumes, and lower average costs per ton, leading to higher earnings compared to the first quarter of 2025 [2] - The raw materials segment is also expected to report increased earnings in the second quarter of 2025 [2] Share Repurchase and Returns - Nucor has repurchased approximately 1.8 million shares at an average price of $111.89 per share during the second quarter, totaling about 4.0 million shares year-to-date at an average price of $123.75 per share [3] - The company has returned approximately $755 million to stockholders through share repurchases and dividend payments year-to-date [3] Upcoming Earnings Release - Nucor plans to release its second quarter earnings after market close on July 28, 2025, followed by a conference call on July 29, 2025, at 10:00 a.m. Eastern Time [4]

Core Points - Nucor Corporation declared a quarterly cash dividend of $0.55 per share, marking its 209th consecutive quarterly cash dividend [1] - The dividend is payable on August 11, 2025, to stockholders of record on June 30, 2025 [1] Company Overview - Nucor and its affiliates are manufacturers of steel and steel products, operating in the United States, Canada, and Mexico [2] - The company produces a wide range of products including carbon and alloy steel in various forms, as well as fabricated concrete reinforcing steel and metal building systems [2] - Nucor is recognized as North America's largest recycler and also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron [2]

Core Viewpoint - Nucor Corporation has announced the promotion of Thomas J. Batterbee to Executive Vice President of Human Resources and Talent, and the appointment of Elizabeth Bledsoe as President of Human Resources and Talent, effective May 11, 2025, to enhance its talent development and human resources strategy [1]. Group 1: Leadership Changes - Thomas J. Batterbee has been with Nucor since 1989, holding various leadership positions, including General Manager roles and most recently President of the Vulcraft/Verco Group since 2023 [2]. - Elizabeth Bledsoe previously served as Senior Vice President of Human Resources and Chief People Officer at MSC Industrial Direct Co., Inc., and has extensive experience in human resources from her time at Ingersoll-Rand plc [3]. Group 2: Executive Insights - Leon Topalian, Nucor's Chair, President, and CEO, praised Mr. Batterbee's leadership and experience, emphasizing his passion for teammates and suitability for the new role [4]. - Mr. Topalian also highlighted Ms. Bledsoe's wealth of experience in human resources and talent development, indicating that their combined expertise will strengthen Nucor's culture and support ongoing initiatives for growth and retention of employees [4]. Group 3: Company Overview - Nucor Corporation is a leading manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico, producing a wide range of steel products and also engaging in metal brokering and recycling [5].

Core Viewpoint - Nucor Corporation anticipates first quarter earnings for 2025 to be between $0.45 and $0.55 per diluted share, with adjusted earnings expected to range from $0.50 to $0.60 after accounting for one-time charges [1][2] Financial Guidance - The estimated one-time non-cash charges for the first quarter of 2025 are approximately $16 million, equating to $0.05 per diluted share, due to the closure of two facilities in the steel products segment [2] - Nucor reported net earnings of $1.22 per diluted share in Q4 2024 and $3.46 per diluted share in Q1 2024 [1] Segment Performance Expectations - Earnings in the steel mills segment for Q1 2025 are expected to align with Q4 2024 results [3] - A decrease in earnings is anticipated for the steel products segment in Q1 2025 compared to Q4 2024, primarily due to lower average selling prices [3] - The raw materials segment is also expected to see a decline in earnings in Q1 2025 compared to Q4 2024, attributed to lower margins at DRI facilities [3] - Higher corporate, administrative, and tax impacts are expected in Q1 2025 compared to Q4 2024 [3] Shareholder Returns - Nucor has repurchased approximately 2.3 million shares at an average price of $133.17, returning about $428 million to stockholders through share repurchases and dividends [4] Upcoming Earnings Release - Nucor plans to release its earnings after market close on April 28, 2025, followed by a conference call on April 29, 2025, at 10:00 a.m. Eastern Time [5] Company Overview - Nucor is a leading manufacturer of steel and steel products, operating in the U.S., Canada, and Mexico, producing a wide range of steel products and also engaging in metal brokerage [6]