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Nucor Corp
F:NUO

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Nucor Corp
F:NUO
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Price: 187.9 EUR -0.21% Market Closed
Market Cap: €45.1B

Nucor Corp
Investor Relations

Nucor is one of the largest steel makers in North America. It turns scrap metal and other raw materials into steel products such as sheet steel, plate, bars, beams, and rebar. It also makes many of the inputs and equipment used in steel production, including direct reduced iron, metal building systems, and structural components. Its main customers are manufacturers, construction firms, service centers, and fabricators that need steel for buildings, vehicles, appliances, infrastructure, and industrial equipment. Nucor makes money by selling steel and related products, with prices tied to market demand, input costs, and the mix of products it ships. It also earns from downstream businesses that turn steel into finished or semi-finished goods for specific end markets. What sets Nucor apart is its electric-arc-furnace model, which relies heavily on recycled scrap and gives it a flexible, lower-cost production base compared with traditional integrated steel mills. That makes it more of a fast-moving, scrap-based steel supplier than a classic iron-and-coal steel giant. In practice, Nucor sits at the center of the North American steel supply chain, converting recycled metal into the structural and flat-rolled products the economy uses every day.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 28, 2026
AI Summary
Q1 2026

Strong quarter: Nucor reported net earnings of $743 million, or $3.23 per share, and EBITDA of about $1.5 billion, both helped by higher volumes and a better product mix.

Record shipments: Steel mills shipped 7 million tons, the highest quarterly volume in Nucor's history, and backlog rose to 4.7 million tons, up 20% from year-end.

Outlook improving: Management expects higher second-quarter earnings across all three segments and said full-year 2026 earnings and cash flow should trend significantly above 2025.

West Virginia ramp: The new West Virginia sheet mill is about 85% constructed, commissioning will run through 2026, and commercial shipments should begin ramping in early 2027.

Trade tailwinds: Management said tariffs and trade remedies have cut import share of the U.S. finished steel market to about 15% from over 22% a year ago, supporting domestic pricing and demand.

Capital returns: Nucor returned $254 million to shareholders in the quarter and reiterated its long-term goal of returning at least 40% of annual net earnings, while keeping buybacks as the usual method.

Key Financials
Net earnings
$743 million
Earnings per share
$3.23
EBITDA
approximately $1.5 billion
Steel mills shipments
7 million tons
Steel mills backlog
4.7 million tons
Steel Products backlog
up 9% from year-end
Steel Products pretax earnings
$285 million
Steel mills pretax earnings
$1.1 billion
Raw Materials pretax earnings
approximately $45 million
Pre-operating and start-up costs
$108 million
Capital expenditures
$661 million
Cash and liquidity
approximately $2.5 billion in cash and $3.2 billion of liquidity
Debt as a percentage of capital
24%
Shareholder returns
$254 million
Import share of U.S. finished steel market
approximately 15%
Domestic steel consumption
flat to up 2%
Shipments growth
more than 5%
West Virginia mill construction
about 85% complete
Earnings Call Recording
Other Earnings Calls

Management

Mr. Leon J. Topalian
President, CEO & Chairman of the Board
No Bio Available
Mr. Stephen D. Laxton
CFO, Treasurer & Executive VP
No Bio Available
Mr. David A. Sumoski
Chief Operating Officer
No Bio Available
Mr. K. Rex Query
Executive Vice President of Sheet, Tubular Products & Talent Resources
No Bio Available
Mr. Daniel R. Needham
Executive Vice President of Commercial
No Bio Available
Mr. Jack Sullivan
General Manager of Investor Relations
No Bio Available
Mr. Gregory J. Murphy
Executive Vice President of Business Services & General Counsel
No Bio Available
Mr. Benjamin M. Pickett
General Manager of Public Affairs & Government Relations
No Bio Available
Ms. Nicole B. Theophilus
Executive Vice President of Talent and Human Resources,
No Bio Available
Mr. D. Chad Utermark
Executive Vice President of New Markets & Innovation
No Bio Available

Contacts

Address
NORTH CAROLINA
Charlotte
1915 Rexford Rd
Contacts
+17043667000.0
nucor.com
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