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Nucor's Q3 Earnings and Revenues Top Estimates on Higher Volumes
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Key Takeaways
Nucor reported Q3 EPS of $2.63, beating estimates and rising from $1.05 in the prior-year quarter.
Net sales climbed 14.5% year over year to $8.52B, driven by an 8% rise in steel mill shipments.
Long-term debt in Q3 is up 17.6% year over year, and 0.7 million shares were repurchased.
Nucor Corporation (NUE - Free Report) reported earnings of $2.63 per share for the third quarter of 2025, up from $1.05 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $2.15.
The company recorded net sales of $8,521 million, up around 14.5% year over year. The figure beat the Zacks Consensus Estimate of $8,162.8 million.
Nucor Corporation Price, Consensus and EPS Surprise
Total sales tons to outside customers for steel mills in the third quarter were 4,976,000 tons, up 8% year over year. The figure missed our estimate of 5,095,000 tons.
Overall operating rates at the company's steel mills increased to 85% in the third quarter of 2025, flat sequentially and up from 75% in the third quarter of 2024.
Nucor’s Segment Highlights
In the reported quarter, the Steel Mills segment posted earnings of $793 million, down from the second quarter due to slightly lower shipment volumes and margin compression.
The Steel Products segment earned $319 million, lower sequentially, reflecting higher costs and stable realized prices.
Meanwhile, the Raw Materials segment delivered $43 million, down from the prior quarter, pressured by lower pricing for direct reduced iron (DRI) and scrap processing operations.
NUE’s Financial Position
Cash and cash equivalents were $2,221 million at the end of the quarter, down around 47.9% year over year. Long-term debt was $6,686 million, up 17.6%.
In the third quarter, Nucor repurchased roughly 0.7 million shares of its common stock.
Nucor’s Outlook
The company anticipates fourth-quarter 2025 earnings to decline from the third quarter. In the Steel Mills segment, the fall is expected to stem from reduced overall volumes and lower average selling prices at sheet mills. The Steel Products segment is projected to face lower earnings mainly due to decreased volumes, while the Raw Materials segment is likely to be adversely impacted by weaker realized pricing and planned maintenance outages at the DRI facilities.
NUE’s Price Performance
Shares of Nucor are down 2.1% in a year against the industry's 8.6% rise.
Image Source: Zacks Investment Research
NUE’s Zacks Rank & Key Picks
NUE currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. (RGLD - Free Report) , Kinross Gold Corporation (KGC - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) .
Royal Gold is slated to report third-quarter results on Nov. 5. The Zacks Consensus Estimate for earnings is pegged at $2.30.RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%.RGLD carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Kinross is scheduled to report third-quarter results on Nov. 4.The Zacks Consensus Estimate for KGC’s third-quarter earnings is pegged at 33 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters,with the average earnings surprise being 22.5%.KGC currently carries a Zacks Rank #1.
Agnico Eagle is slated to report third-quarter results on Oct. 29.The consensus estimate for AEM’s earnings is pegged at $1.76.AEM, carrying a Zacks Rank #2 (Buy), beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 10.03%.
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Nucor's Q3 Earnings and Revenues Top Estimates on Higher Volumes
Key Takeaways
Nucor Corporation (NUE - Free Report) reported earnings of $2.63 per share for the third quarter of 2025, up from $1.05 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $2.15.
The company recorded net sales of $8,521 million, up around 14.5% year over year. The figure beat the Zacks Consensus Estimate of $8,162.8 million.
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 third quarter were 4,976,000 tons, up 8% year over year. The figure missed our estimate of 5,095,000 tons.
Overall operating rates at the company's steel mills increased to 85% in the third quarter of 2025, flat sequentially and up from 75% in the third quarter of 2024.
Nucor’s Segment Highlights
In the reported quarter, the Steel Mills segment posted earnings of $793 million, down from the second quarter due to slightly lower shipment volumes and margin compression.
The Steel Products segment earned $319 million, lower sequentially, reflecting higher costs and stable realized prices.
Meanwhile, the Raw Materials segment delivered $43 million, down from the prior quarter, pressured by lower pricing for direct reduced iron (DRI) and scrap processing operations.
NUE’s Financial Position
Cash and cash equivalents were $2,221 million at the end of the quarter, down around 47.9% year over year. Long-term debt was $6,686 million, up 17.6%.
In the third quarter, Nucor repurchased roughly 0.7 million shares of its common stock.
Nucor’s Outlook
The company anticipates fourth-quarter 2025 earnings to decline from the third quarter. In the Steel Mills segment, the fall is expected to stem from reduced overall volumes and lower average selling prices at sheet mills. The Steel Products segment is projected to face lower earnings mainly due to decreased volumes, while the Raw Materials segment is likely to be adversely impacted by weaker realized pricing and planned maintenance outages at the DRI facilities.
NUE’s Price Performance
Shares of Nucor are down 2.1% in a year against the industry's 8.6% rise.
NUE’s Zacks Rank & Key Picks
NUE currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. (RGLD - Free Report) , Kinross Gold Corporation (KGC - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) .
Royal Gold is slated to report third-quarter results on Nov. 5. The Zacks Consensus Estimate for earnings is pegged at $2.30.RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%.RGLD carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Kinross is scheduled to report third-quarter results on Nov. 4.The Zacks Consensus Estimate for KGC’s third-quarter earnings is pegged at 33 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters,with the average earnings surprise being 22.5%.KGC currently carries a Zacks Rank #1.
Agnico Eagle is slated to report third-quarter results on Oct. 29.The consensus estimate for AEM’s earnings is pegged at $1.76.AEM, carrying a Zacks Rank #2 (Buy), beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 10.03%.