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Nucor Corporation Reports Third Quarter 2025 Results

Nucor Corporation (NYSE: NUE) shared its latest financial outcomes for the third quarter of 2025, showcasing a notable increase in net earnings. The company reported consolidated net earnings attributed to Nucor stockholders at an impressive $607 million, amounting to $2.63 per diluted share. This marks a slight increase from the previous quarter's earnings of $603 million, which were $2.60 per diluted share, and a significant jump from the $250 million earnings, or $1.05 per diluted share, recorded in the same quarter of 2024.

Nucor's CEO, Leon Topalian, credited the company’s solid performance to a successful execution of its strategy aimed at enhancing core steelmaking capabilities while simultaneously expanding into downstream and adjacent steel markets. In Q3, Nucor ramped up production at newly completed bar mill projects, made progress in sheet steel production and coating projects, and initiated pole production at their facility in Alabama.

Financial Highlights

During this quarter, Nucor's total net sales stood at $8.52 billion, demonstrating a robust financial health fostered by strategic investments and operational efficiencies. The company's earnings before noncontrolling interests reached $683 million, coupled with an EBITDA of $1.27 billion, underlining its operational prowess.

Segment Analysis

In terms of segment performance, the steel mills reported earnings of $793 million, down from $843 million in the second quarter mainly due to lower volumes and margin pressures. The steel products segment also saw a slight decline, generating $319 million in earnings, attributed to increased average costs with stable pricing. The raw materials segment demonstrated resilience with $43 million in earnings, though it was impacted by lower prices in their direct reduced iron and scrap processing sectors.

Robust Financial Position

As of October 4, 2025, Nucor maintained a strong financial fortress with $2.75 billion in cash and cash equivalents alongside short-term investments. The company has yet to draw on its $2.25 billion revolving credit facility, which is set to remain available until March 2030. Additionally, Nucor boasts top-tier credit ratings across the North American steel industry, being rated A-/A-/A3 by Standard & Poor’s, Fitch Ratings, and Moody's with stable outlooks on the horizon.

Capital Return and Shareholder Incentives

A commitment to returning value to shareholders is evident as well. In Q3, Nucor proactively repurchased around 0.7 million shares at an average cost of $140.46 per share, and there remains $506 million authorized for additional repurchases under its share buyback program, which has no expiration date. Additionally, Nucor’s Board declared a cash dividend of $0.55 per share, marking its 210th consecutive quarterly dividend.

Looking Ahead

As for the outlook on the fourth quarter of 2025, the company anticipates a decline in earnings compared to Q3 due to reduced volumes and average selling prices in its sheet mills. There are also expectations of lower earnings in the raw materials sector resulting from pre-planned outages and reduced realized pricing.

Nucor will host an earnings call on October 28, 2025, at 10:00 AM Eastern Time for further insights into the quarterly results and future strategies. Access to the call can be found in the Investor Relations section of Nucor's website.

Nucor is the largest steel producer in North America, renowned for its commitment to sustainability and innovation in steel production processes. The company has become a leading player in the steel industry by consistently adapting its strategies to meet market demands and operational challenges. With a strong financial base and a commitment to growth, Nucor is poised for continued success in the years to come.