Nucor ( (NUE) ) has released its Q1 earnings. Here is a breakdown of the information Nucor presented to its investors.
Nucor Corporation is a leading manufacturer of steel and steel products, operating primarily in North America, and is recognized as the largest recycler in the region. The company produces a wide range of steel products including bars, beams, and sheets, and is known for its commitment to sustainability and innovation in the steel industry.
In its first quarter of 2025 earnings report, Nucor announced net earnings attributable to its stockholders of $156 million, or $0.67 per diluted share. Adjusted net earnings, which exclude certain one-time charges, were reported at $179 million, or $0.77 per diluted share. The company also reported net sales of $7.83 billion for the quarter.
Key financial highlights from the report include an 11% increase in net sales compared to the previous quarter, although there was a 4% decrease compared to the same quarter last year. The company shipped a total of 6,830,000 tons to outside customers, marking a 13% increase from the fourth quarter of 2024. Despite a decrease in average sales price per ton, Nucor maintained a strong balance sheet with $4.06 billion in cash and cash equivalents.
Nucor’s strategic focus remains on maintaining its position as a premier North American steel producer. The company continues to invest in growth projects, with pre-operating and start-up costs amounting to $170 million for the quarter. Nucor also repurchased approximately 2.3 million shares of its common stock, reflecting its commitment to returning capital to stockholders.
Looking ahead, Nucor’s management anticipates improved earnings in the second quarter of 2025 across all operating segments, driven by higher average selling prices and increased volumes. The company remains optimistic about its future performance, supported by its diverse product portfolio and robust financial health.