Nucor Corp. (NUE)
NYSE:NUE
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Earnings Data
Report Date
Jul 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.1Last Year’s EPS
2.6Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution and meaningful financial progress: record shipments, growing backlogs, substantial sequential earnings improvements across segments, robust liquidity and disciplined capital deployment. Growth projects are advancing toward commissioning and several recently completed projects have already turned EBITDA positive. Offsetting these positives are elevated pre-operating/start-up costs, margin pressure in some downstream products from higher input costs, energy cost uncertainty and pockets of softer end-market demand. On balance, the positives — including the earnings beat, record volumes, backlog growth, improved import dynamics and project momentum — outweigh the manageable near-term challenges.Company Guidance
Strong Q1 Financial Performance
Generated EBITDA of approximately $1.5 billion and net earnings of $743 million (EPS $3.23), beating the midpoint of guidance by nearly $0.50 per share.
Record Quarterly Shipments
Steel mill shipments reached a record 7.0 million tons in the quarter — the highest quarterly shipment volume in Nucor's history.
Backlog Momentum
Steel mills backlog increased to 4.7 million tons, up 20% from year-end (the highest level since Q2 2021); Steel Products backlog grew 9% from year-end with increases across all major product groups.
Segment Profitability Improvements
Steel mills generated ~$1.1 billion of pretax earnings (more than double the prior quarter); Steel Products pretax earnings were $285 million, up 24% sequentially; Raw Materials pretax earnings rose to ~$45 million from $24 million (≈+88% sequential).
Operational Execution on Growth Projects
Several growth projects reached positive EBITDA or are nearing completion: micro mill (Lexington) and melt shop (Kingman) were EBITDA positive in March; Crawfordsville galvanizing line EBITDA positive in March; Alabama towers expected to reach EBITDA-positive run rates by end of summer.
West Virginia Sheet Mill Progress
West Virginia sheet mill ~85% through construction, with commissioning sequenced through 2026 and commissioning/inspection of all equipment expected complete by year-end; commercial shipments to begin ramping in early 2027 and ~50% utilization targeted by end of 2027.
Strong Balance Sheet and Cash Returns
Ended quarter with ~$2.5 billion cash and $3.2 billion liquidity, total debt at 24% of capital, returned $254 million to shareholders in Q1 (~34% of quarterly net earnings) and reaffirmed commitment to return at least 40% of net earnings annually.
Import Share and Trade Policy Impact
Import share of the U.S. finished steel market fell from over 22% in Q1 2025 to ~15% in Q1 2026 (≈7 percentage-point decline); management credits Section 232 tariffs and trade remedies for reducing imports and improving competitive dynamics.
CapEx and Investment Discipline
Q1 capital expenditures totaled $661 million (on track to $2.5 billion guidance for 2026), with ~40% of Q1 CapEx directed to the West Virginia sheet mill; management expects CapEx to moderate vs. recent years while cash from operations increases.
NUE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NUE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 27, 2026 | $215.00 | $225.11 | +4.70% |
Jan 26, 2026 | $177.06 | $172.99 | -2.30% |
Oct 27, 2025 | $143.18 | $150.96 | +5.43% |
Jul 28, 2025 | $142.96 | $139.12 | -2.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nucor Corp. (NUE) report earnings?
Nucor Corp. (NUE) is schdueled to report earning on Jul 27, 2026, Before Open (Confirmed).
What is Nucor Corp. (NUE) earnings time?
Nucor Corp. (NUE) earnings time is at Jul 27, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NUE EPS forecast?
NUE EPS forecast for the fiscal quarter 2026 (Q2) is 4.1.
