Nucor Corporation Earnings Recaps
Q1 2026
Apr 29, 2026
Nucor shares rose 3.4% following Q1 results, as investors reacted positively to record steel shipments, historically high backlogs, and improved EBITDA versus the prior quarter. Execution across all three operating segments, coupled with momentum in new capital projects, contributed to the upbeat market response.
Key takeaways
- Q1 EBITDA reached approximately $1.5 billion with EPS of $3.23, significantly ahead of last quarter's results.
- Steel mill shipments set a new company record at 7 million tons for the quarter.
- Steel mill backlogs ended Q1 at 4.7 million tons, up 20% from year-end and the highest since Q2 2021; Steel Products backlog grew 9% from year-end.
- $254 million was returned to shareholders via dividends and buybacks; $661 million reinvested into the business, with 40% of CapEx allocated to the new West Virginia sheet mill.
- Trade policy tailwinds contributed via reduced steel imports, with U.S. finished steel import share declining from over 22% to about 15% year-over-year.
Q3 2025
Oct 28, 2025
Nucor Company delivered robust third-quarter results, achieving EBITDA of approximately $1.3 billion and EPS of $2.63, surpassing guidance amid strong steel mill shipments and strategic operational enhancements.
Key takeaways
- EBITDA increased to $1.3 billion, driven by higher steel mill shipments and corporate adjustments.
- Reinvested $807 million into growth projects while returning nearly $1 billion to shareholders year-to-date, reinforcing capital management strategy.
- Achieved A3 credit rating upgrade from Moody's, positioning Nucor as the only major North American steel producer with top-tier ratings from all three agencies.
- Established new production capabilities with successful ramp-ups in Arizona and North Carolina to capture growth in the construction and data center markets.
- Maintained focus on optimizing existing asset base and strategic investments to enhance competitive advantages in steel solutions.