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Nucor shares up 2% as Q3 earnings beat expectations

Published 27/10/2025, 22:00
Nucor shares up 2% as Q3 earnings beat expectations
NUE
-1.29%

CHARLOTTE - Nucor Corporation (NYSE:NUE) reported third-quarter earnings that surpassed analyst expectations, driving shares up 2.6% as the steel producer demonstrated resilience amid ongoing capital investments.

The North American steel giant posted net earnings of $607 million, or $2.63 per diluted share, for the third quarter of 2025, significantly beating the analyst estimate of $2.22 per share. Revenue came in at $8.52 billion, exceeding the consensus estimate of $8.22 billion. Compared to the same quarter last year, earnings more than doubled from $1.05 per diluted share, while revenue showed solid growth from the third quarter of 2024.

"We continue to execute on Nucor’s strategy of growing our core steelmaking capabilities, while expanding into downstream, steel-adjacent businesses," said Leon Topalian, Nucor’s Chair, President and Chief Executive Officer. "Throughout a period of capital investment, Nucor continues to have the strongest balance sheet of any major steel producer in North America."

The company’s steel mills segment generated $793 million in earnings before income taxes, slightly down from $843 million in the second quarter due to lower volumes and margin compression. The steel products segment contributed $319 million, down from $392 million in the previous quarter.

Looking ahead, Nucor expects fourth-quarter earnings to be lower than the third quarter, primarily due to anticipated lower overall volumes and reduced average selling prices in its sheet mills. The steel products segment is also expected to see lower volumes.

Nucor maintained its strong financial position with $2.75 billion in cash and cash equivalents at quarter-end. During the third quarter, the company repurchased approximately 0.7 million shares at an average price of $140.46 per share and declared its 210th consecutive quarterly cash dividend of $0.55 per share.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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