We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nucor's Earnings and Revenues Beat Estimates in Q1, Down Y/Y
Read MoreHide Full Article
Nucor Corporation (NUE - Free Report) reported earnings of 67 cents per share for first-quarter 2025, down from $3.46 in the year-ago quarter.
Barring one-time items, NUE recorded earnings of 77 cents per share, down from $3.46 a year ago. It surpassed the Zacks Consensus Estimate of 68 cents.
The company recorded net sales of $7,830 million, down around 4% year over year. The figure, however, topped the Zacks Consensus Estimate of $7,215.4 million. The top line was impacted by lower sales prices, which offset higher shipments.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Nucor Corporation Price, Consensus and EPS Surprise
Total sales tons to outside customers for steel mills in the first quarter were 5,226,000 tons, up 12% year over year. The figure beat our estimate of 4,609,000 tons.
Average sales price per ton fell 12% from the prior-year quarter and also declined 2% sequentially.
The company's steel mills' overall operating rates were 80% in the reported quarter, compared with 74% in the fourth quarter of 2024 and 82% in the first quarter of 2024.
NUE's Segment Highlights
Earnings for the company's steel mills unit increased sequentially in the reported quarter due to higher volumes.
In the reported quarter, earnings in the steel products segment declined from the prior quarter due to lower average selling prices.
The raw materials segment saw lower earnings compared to the fourth quarter of 2024 due to reduced margins at NUE’s scrap processing operations and direct reduced iron facilities.
NUE's Financial Position
Nucor's cash and cash equivalents and short-term investments were $4.06 billion at the end of the reported quarter. The company amended and restated its revolving credit facility on March 11, 2025, to increase the borrowing capacity to $2.25 billion from $1.75 billion and to extend its maturity date to March 11, 2030. The revolving credit facility remains undrawn.
NUE's Outlook
Nucor expects earnings in the second quarter of 2025 to increase sequentially. The company expects second-quarter earnings to rise across its segments, with the biggest increase in the steel mills unit. The anticipated increase in the steel mills segment earnings is mainly due to higher average selling prices at its sheet and plate mills.
NUE's Stock Price Performance
Shares of Nucor have moved down 30.8% in a year compared with the Zacks Steel Producers industry’s 35.7% decline.
Hawkins is expected to report fiscal fourth-quarter results on May 21. The consensus estimate for Hawkins’ fourth-quarter earnings is pegged at 74 cents. HWKN beat the consensus estimate in one of the last four quarters while missing thrice, with the average earnings surprise being 6.1%.
Kinross Gold is scheduled to release first-quarter results on May 6. The Zacks Consensus Estimate for KGC’s first-quarter earnings is pegged at 22 cents. OR has a trailing four-quarter earnings surprise of 23.7%, on average.
Intrepid Potash is slated to release first-quarter results on May 5. The consensus estimate for IPI’s first-quarter earnings is pegged at a loss of 12 cents. The Zacks Consensus Estimate for first-quarter earnings has been stable over the past 60 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nucor's Earnings and Revenues Beat Estimates in Q1, Down Y/Y
Nucor Corporation (NUE - Free Report) reported earnings of 67 cents per share for first-quarter 2025, down from $3.46 in the year-ago quarter.
Barring one-time items, NUE recorded earnings of 77 cents per share, down from $3.46 a year ago. It surpassed the Zacks Consensus Estimate of 68 cents.
The company recorded net sales of $7,830 million, down around 4% year over year. The figure, however, topped the Zacks Consensus Estimate of $7,215.4 million. The top line was impacted by lower sales prices, which offset higher shipments.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Nucor Corporation Price, Consensus and EPS Surprise
Nucor Corporation price-consensus-eps-surprise-chart | Nucor Corporation Quote
NUE's Operating Figures
Total sales tons to outside customers for steel mills in the first quarter were 5,226,000 tons, up 12% year over year. The figure beat our estimate of 4,609,000 tons.
Average sales price per ton fell 12% from the prior-year quarter and also declined 2% sequentially.
The company's steel mills' overall operating rates were 80% in the reported quarter, compared with 74% in the fourth quarter of 2024 and 82% in the first quarter of 2024.
NUE's Segment Highlights
Earnings for the company's steel mills unit increased sequentially in the reported quarter due to higher volumes.
In the reported quarter, earnings in the steel products segment declined from the prior quarter due to lower average selling prices.
The raw materials segment saw lower earnings compared to the fourth quarter of 2024 due to reduced margins at NUE’s scrap processing operations and direct reduced iron facilities.
NUE's Financial Position
Nucor's cash and cash equivalents and short-term investments were $4.06 billion at the end of the reported quarter. The company amended and restated its revolving credit facility on March 11, 2025, to increase the borrowing capacity to $2.25 billion from $1.75 billion and to extend its maturity date to March 11, 2030. The revolving credit facility remains undrawn.
NUE's Outlook
Nucor expects earnings in the second quarter of 2025 to increase sequentially. The company expects second-quarter earnings to rise across its segments, with the biggest increase in the steel mills unit. The anticipated increase in the steel mills segment earnings is mainly due to higher average selling prices at its sheet and plate mills.
NUE's Stock Price Performance
Shares of Nucor have moved down 30.8% in a year compared with the Zacks Steel Producers industry’s 35.7% decline.
Image Source: Zacks Investment Research
NUE’s Zacks Rank & Other Key Picks
NUE currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are Hawkins, Inc. (HWKN - Free Report) , Kinross Gold Corporation (KGC - Free Report) and Intrepid Potash, Inc. (IPI - Free Report) . While HWKN carries a Zacks Rank #1 (Strong Buy), KGC and IPI carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is expected to report fiscal fourth-quarter results on May 21. The consensus estimate for Hawkins’ fourth-quarter earnings is pegged at 74 cents. HWKN beat the consensus estimate in one of the last four quarters while missing thrice, with the average earnings surprise being 6.1%.
Kinross Gold is scheduled to release first-quarter results on May 6. The Zacks Consensus Estimate for KGC’s first-quarter earnings is pegged at 22 cents. OR has a trailing four-quarter earnings surprise of 23.7%, on average.
Intrepid Potash is slated to release first-quarter results on May 5. The consensus estimate for IPI’s first-quarter earnings is pegged at a loss of 12 cents. The Zacks Consensus Estimate for first-quarter earnings has been stable over the past 60 days.