#United States #Nucor Corporation #Charlotte, NC #Q2 Results #Nucor earnings

Nucor Corporation Reports Strong Second Quarter Results of 2025

Nucor Corporation (NYSE: NUE) has unveiled its earnings report for the second quarter of 2025, marking a period of remarkable financial performance. The company reported consolidated net earnings of $603 million, translating to $2.60 per diluted share. This impressive figure reveals a significant increase compared to the first quarter of 2025, where net earnings were $156 million or $0.67 per diluted share, and shows a slight decrease from the $645 million earned in the same quarter a year prior. In the first half of 2025, Nucor achieved consolidated net earnings of $759 million or $3.26 per diluted share, marking a downward trend compared to $1.49 billion or $6.14 per diluted share for the same period in 2024.

Summary of Performance

Nucor's net sales for Q2 reached $8.46 billion, an 8% increase from $7.83 billion in Q1 2025 and a 5% uptick from $8.08 billion in Q2 2024. The earnings before interest, taxes, and noncontrolling interests stood at $706 million, with an EBITDA of $1.30 billion. These results were attributed to a solid performance across all three reporting segments: steel mills, steel products, and raw materials. As Leon Topalian, Nucor's Chair, President, and CEO, stated, “Our team delivered a solid second quarter, with sequential earnings growth from all three of Nucor's reporting segments, and did so while setting another safety record in the first half of 2025.”

Segment Performance

In terms of segment performance, the steel mills posted earnings of $843 million, up from $645 million year-on-year. Meanwhile, the steel products segment generated $392 million, down from $442 million in the prior year. The raw materials segment recorded an increase from $39 million to $57 million. The company’s consolidated operating rates improved to 85% for Q2 2025, a jump from 80% in Q1 and 75% in Q2 2024.

Market Outlook

Looking ahead, Nucor expects a modest decline in profits for the third quarter of 2025 compared to Q2, due to anticipated margin compression in the steel mills segment despite a healthy backlog and steady demand across key market segments. Current market conditions remain resilient, supported by newly implemented tax and trade policies that favor American manufacturing. The company’s commitment to generating shareholder value has remained steadfast, with plans to continue share repurchases and pay consistent dividends. In the second quarter alone, Nucor repurchased nearly 1.8 million shares at an average price of $111.89 per share, reinforcing its strategy of returning capital to stakeholders.

Financial Strength and Stability

As of the end of Q2, Nucor reported a robust financial position with $2.48 billion in cash and equivalents. This financial health, accompanied by the company’s undrawn $2.25 billion revolving credit facility, places Nucor as a leader in the North American steel sector, holding the highest credit ratings among its peers. Additionally, the company declared its 209th consecutive quarterly cash dividend of $0.55 per share, payable to stockholders of record as of June 30, 2025.

Conclusion

In summary, Nucor Corporation's performance in Q2 2025 reflects its solid operational footing in the steel market, with strategic measures being taken to navigate potential challenges in the coming months. As Nucor steps into the latter half of 2025, its consistent earnings performance and commitment to shareholder returns place it in a strong position within a competitive industry landscape.