How did Nucor perform in the second quarter of 2025?

Nucor reported net earnings attributable to Nucor stockholders of $603 million, or $2.60 per diluted share, on net sales of $8.46 billion. Earnings before income taxes and noncontrolling interests were $899 million, and EBITDA was $1.30 billion.

How does the second quarter compare with the first quarter and prior-year quarter?

Earnings improved from $156 million, or $0.67 per diluted share, in the first quarter of 2025, and were slightly below the $645 million, or $2.68 per diluted share, reported in the second quarter of 2024.

What is Nucor's outlook for the third quarter of 2025?

Nucor expects third-quarter earnings to be nominally lower than the second quarter, due to margin compression in the steel mills segment, with similar earnings in the steel products and raw materials segments.

How much is Nucor returning to shareholders?

In the second quarter Nucor repurchased about 1.8 million shares at an average of $111.89, with about $606 million remaining authorized as of July 5, 2025. The board also declared a $0.55 per share cash dividend payable August 11, 2025.

What is Nucor's financial position?

At the end of the second quarter Nucor had $2.48 billion in cash, cash equivalents and short-term investments, and its $2.25 billion revolving credit facility was undrawn. The filing states credit ratings of A-/A-/Baa1 with stable outlooks at S&P and Fitch and a positive outlook at Moody's.

NUE 8-K: Earnings & Results & Regulation FD

01—Abstract

Summary

Summary of the 8-K filed July 28, 2025. Cited figures are marked; the original filing is the authoritative source.

Nucor Corporation (NYSE: NUE) reported consolidated net earnings attributable to Nucor stockholders of $603 million^a, or $2.60 per diluted share, for the second quarter of 2025 (quarter ended July 5, 2025), on net sales of $8.46 billion.

This compares with $156 million^b, or $0.67 per diluted share, in the first quarter of 2025 and $645 million, or $2.68 per diluted share, in the second quarter of 2024. For the first six months of 2025, net earnings attributable to Nucor stockholders were $759 million, or $3.26 per diluted share, versus $1.49 billion, or $6.14 per diluted share, a year earlier. Earnings before income taxes and noncontrolling interests were $899 million, with EBITDA of $1.30 billion (non-GAAP).

Earnings rose sequentially across all three segments. Steel mills earned $843 million^c before taxes and noncontrolling interests in the quarter, up from $241 million in the first quarter's adjusted figure, on higher average selling prices at sheet and plate mills. Steel products earned $392 million and raw materials $57 million.

Cash and cash equivalents and short-term investments totaled $2.48 billion^d, and the company repurchased about 1.8 million shares at an average of $111.89 during the quarter. The board declared a $0.55 per share dividend payable August 11, 2025.

For the third quarter of 2025, Nucor expects earnings to be nominally lower than the second quarter, with margin compression in the steel mills segment partly offset by similar results in steel products and raw materials. The filing also furnishes an investor presentation for the July 29, 2025 earnings call, which notes growth projects nearing completion and reaffirms roughly $3 billion of capital expenditures for the year.

02—Key points

Key Highlights

Q2 2025 net earnings attributable to Nucor stockholders of $603 million, or $2.60 per diluted share, versus $0.67 per diluted share in Q1 2025 and $2.68 in Q2 2024
Net sales of $8.46 billion, up from $7.83 billion in Q1 2025 and $8.08 billion in Q2 2024
Earnings increased sequentially in all three segments; steel mills pre-tax segment earnings were $843 million versus $1,074 million... (see note: first-half figure) with higher average selling prices at sheet and plate mills
Q3 2025 outlook: earnings nominally lower than Q2, with margin compression expected in the steel mills segment
Cash and short-term investments of $2.48 billion; $2.25 billion revolving credit facility undrawn and maturing March 2030
Repurchased about 1.8 million shares in Q2 at an average of $111.89; about $606 million remaining under the authorization
Quarterly dividend of $0.55 per share, payable August 11, 2025, the company's 209th consecutive quarterly cash dividend

03—Questions

Frequently Asked Questions

How did Nucor perform in the second quarter of 2025?
Nucor reported net earnings attributable to Nucor stockholders of $603 million, or $2.60 per diluted share, on net sales of $8.46 billion. Earnings before income taxes and noncontrolling interests were $899 million, and EBITDA was $1.30 billion.
How does the second quarter compare with the first quarter and prior-year quarter?
Earnings improved from $156 million, or $0.67 per diluted share, in the first quarter of 2025, and were slightly below the $645 million, or $2.68 per diluted share, reported in the second quarter of 2024.
What is Nucor's outlook for the third quarter of 2025?
Nucor expects third-quarter earnings to be nominally lower than the second quarter, due to margin compression in the steel mills segment, with similar earnings in the steel products and raw materials segments.
How much is Nucor returning to shareholders?
In the second quarter Nucor repurchased about 1.8 million shares at an average of $111.89, with about $606 million remaining authorized as of July 5, 2025. The board also declared a $0.55 per share cash dividend payable August 11, 2025.
What is Nucor's financial position?
At the end of the second quarter Nucor had $2.48 billion in cash, cash equivalents and short-term investments, and its $2.25 billion revolving credit facility was undrawn. The filing states credit ratings of A-/A-/Baa1 with stable outlooks at S&P and Fitch and a positive outlook at Moody's.

04—Continue

← View all 8-K filings