CHARLOTTE, N.C., June 18,
2025 /PRNewswire/ -- Nucor Corporation
(NYSE: NUE) today announced guidance for its second quarter
ending July 5, 2025. Nucor expects
second quarter earnings to be in the range of $2.55 to $2.65 per
diluted share. Nucor reported net earnings of $0.67 per diluted share in the first quarter of
2025 and $2.68 per diluted share in
the second quarter of 2024.
Second Quarter of 2025 Commentary
Earnings in the
second quarter of 2025 are expected to increase across all three of
our operating segments, with the largest increase in the steel
mills segment. The expected increase in the steel mills segment
earnings is primarily due to higher average selling prices at our
sheet and plate mills. Earnings in the steel products segment are
expected to increase in the second quarter of 2025 as compared to
the first quarter of 2025 due to a combination of stable overall
pricing, higher volumes and lower average costs per ton. The raw
materials segment is expected to have increased earnings in the
second quarter of 2025.
During the second quarter, Nucor has repurchased approximately
1.8 million shares at an average price of $111.89 per share (approximately 4.0 million
shares year-to-date at an average price of $123.75 per share). Nucor has returned
approximately $755 million to
stockholders in the form of share repurchases and dividend payments
year-to-date.
Second Quarter of 2025 Earnings Release and Conference
Call
Nucor plans to release its earnings after the markets
close on Monday, July 28, 2025, and
will host a conference call the morning of Tuesday, July 29, 2025 at 10:00 a.m. Eastern Time to review the Company's
second quarter results. The event will be broadcast on the
internet, and instructions on how to access will be sent closer to
the call.
About Nucor
Nucor and its affiliates are manufacturers
of steel and steel products, with operating facilities in
the United States, Canada and Mexico. Products produced include: carbon and
alloy steel -- in bars, beams, sheet and plate; hollow structural
section tubing; electrical conduit; steel racking; steel piling;
steel joists and joist girders; steel deck; fabricated concrete
reinforcing steel; cold finished steel; precision castings; steel
fasteners; metal building systems; insulated metal panels; overhead
doors; steel grating; wire and wire mesh; and utility structures.
Nucor, through The David J. Joseph Company and its affiliates, also
brokers ferrous and nonferrous metals, pig iron and hot briquetted
iron / direct reduced iron; supplies ferro-alloys; and processes
ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Forward-Looking Statements
Certain statements
contained in this news release are "forward-looking statements"
that involve risks and uncertainties which we expect will or may
occur in the future and may impact our business, financial
condition and results of operations. The words "anticipate,"
"believe," "expect," "intend," "project," "may," "will," "should,"
"could" and similar expressions are intended to identify those
forward-looking statements. These forward-looking statements
reflect the Company's best judgment based on current information,
and, although we base these statements on circumstances that we
believe to be reasonable when made, there can be no assurance that
future events will not affect the accuracy of such forward-looking
information. As such, the forward-looking statements are not
guarantees of future performance, and actual results may vary
materially from the projected results and expectations discussed in
this news release. Factors that might cause the Company's actual
results to differ materially from those anticipated in
forward-looking statements include, but are not limited to: (1)
competitive pressure on sales and pricing, including pressure from
imports and substitute materials; (2) U.S. and foreign
trade policies affecting steel imports or exports; (3) the
sensitivity of the results of our operations to general market
conditions, and in particular, prevailing market steel prices and
changes in the supply and cost of raw materials, including pig
iron, iron ore and scrap steel; (4) the availability and cost of
electricity and natural gas, which could negatively affect our cost
of steel production or result in a delay or cancellation of
existing or future drilling within our natural gas drilling
programs; (5) critical equipment failures and business
interruptions; (6) market demand for steel products, which, in the
case of many of our products, is driven by the level of
nonresidential construction activity in the United States; (7) impairment in the recorded
value of inventory, equity investments, fixed assets, goodwill or
other long-lived assets; (8) uncertainties and volatility
surrounding the global economy, including excess world capacity for
steel production, inflation and interest rate changes; (9)
fluctuations in currency conversion rates; (10) significant changes
in laws or government regulations affecting environmental
compliance, including legislation and regulations that result in
greater regulation of greenhouse gas emissions that could increase
our energy costs, capital expenditures and operating costs or cause
one or more of our permits to be revoked or make it more difficult
to obtain permit modifications; (11) the cyclical nature of the
steel industry; (12) capital investments and their impact on our
performance; (13) our safety performance; (14) our ability to
integrate businesses we acquire; and (15) the impact of any
pandemic or public health situation. These and other factors are
discussed in Nucor's regulatory filings with the United States
Securities and Exchange Commission, including those in "Item 1A.
Risk Factors" of Nucor's Annual Report on Form 10-K for the year
ended December 31, 2024. The
forward-looking statements contained in this news release speak
only as of this date, and Nucor does not assume any obligation to
update them, except as may be required by applicable law.
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SOURCE Nucor Corporation
