Nucor forecasts Q4 earnings between $1.65-$1.75 per share

Nucor Corporation (NYSE: NUE) announced guidance for its fourth quarter ending December 31, 2025, projecting earnings between $1.65 and $1.75 per diluted share. The steel manufacturer reported net earnings of $2.63 per diluted share in the third quarter of 2025 and $1.22 per diluted share in the fourth quarter of 2024.

The company expects earnings to decrease across all three operating segments compared to the third quarter of 2025. The steel mills segment is projected to see lower volumes and margin compression, primarily in sheet products. The steel products segment anticipates lower volumes and higher average costs per ton, partially offset by higher average realized pricing. The raw materials segment expects reduced earnings due to two scheduled outages at direct reduced iron facilities.

During the fourth quarter, Nucor repurchased approximately 0.7 million shares at an average price of $145.23 per share. Year-to-date, the company has repurchased approximately 5.4 million shares at an average price of $128.66 per share, returning approximately $1.2 billion to stockholders through share repurchases and dividend payments.

The company noted that backlogs are materially higher than they were a year ago, reflecting continuing momentum in select construction market segments including energy, infrastructure, data centers and manufacturing.

Nucor plans to release fourth quarter earnings after market close on January 26, 2026, followed by a conference call on January 27, 2026, at 10:00 a.m. Eastern Time.

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