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Nucor Corp. (NUE)
NYSE:NUE
Earnings Data
Report Date
Apr 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.87Last Year’s EPS
0.77Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed strong strategic and operational momentum: record safety, significant backlog growth, major completed projects entering ramp-up, a favorable trade/import environment, and clear capital allocation discipline. Near-term headwinds included sequential Q4 earnings declines in certain segments, scheduled outages affecting raw materials, elevated start-up costs and a rare negative free cash flow in 2025 tied to heavy investment. Management expects lower CapEx in 2026, meaningful incremental EBITDA from completed projects (approximately $500 million), higher shipments (~5%) and improved free cash flow in 2026 as projects ramp.Company Guidance
Record Safety Performance
Lowest injury and illness rate in company history with eight consecutive years of improvement; the final two months of 2025 were the safest ever recorded, reinforcing commitment to becoming the world's safest steel company.
Solid Reported Financials
Adjusted earnings of $1.73 per share in Q4 and $7.71 per share for the full year; Q4 EBITDA of $918 million and approximately $4.2 billion of EBITDA for 2025; ended the year with $2.7 billion of cash.
Material Capital Investment and Project Completions
Reinvested $3.4 billion in 2025 with major projects completed or moved to ramp-up (rebar micro-mill in Lexington, melt shop in Kingman, Towers & Structures facility in Alabama, new galvanizing/prepaint lines in Crawfordsville); majority of projects expected to be fully ramped and operating at positive EBITDA within 2026.
Demand Momentum and Backlog Growth
Historically strong backlogs entering 2026: steel mills backlog up nearly 40% year-over-year and steel products backlog up ~15%; structural backlog more than 15% above prior record; management expects Nucor steel mill shipments to increase ~5% in 2026.
Trade Policy Tailwinds and Reduced Imports
Foreign import share of U.S. finished steel fell from ~25% a year ago to ~16% in October and an estimated ~14% in November 2025; management cites this as support for domestic pricing and demand recovery (sheet imports reduction noted as roughly 4 million tons of domestic opportunity).
Plate and Related Markets Strength
Plate backlogs up ~40% year-over-year; domestic plate consumption up ~15% year-over-year in 2025; cut-to-length plate imports down ~20% in 2025, supporting plate market fundamentals.
Capital Allocation Discipline and Returns
2026 CapEx guidance reduced to approximately $2.5 billion (down from $3.4 billion spent in 2025) with roughly two-thirds growth-oriented; returned $1.2 billion to shareholders in 2025 (≈70% of net earnings) and increased quarterly dividend to $0.56, marking 53 consecutive years of dividend increases.
Projected EBITDA Uplift from Recent Projects
Management estimates roughly $500 million of incremental EBITDA contribution from recently completed projects (including Brandenburg) as projects come into production in 2026.
Strategic New Mill Capabilities (West Virginia)
West Virginia mill will add differentiated capabilities (approx. one-third production targeted to automotive including exposed automotive grades) and ~1 million tons of galvanizing capacity, expanding access to higher‑value markets.
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 |
|---|---|---|---|
Jan 26, 2026 | $177.66 | $173.58 | -2.30% |
Oct 27, 2025 | $144.16 | $151.99 | +5.43% |
Jul 28, 2025 | $143.94 | $140.07 | -2.69% |
Apr 28, 2025 | $115.61 | $117.79 | +1.89% |
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 Apr 16, 2026, Before Open (Confirmed).
What is Nucor Corp. (NUE) earnings time?
Nucor Corp. (NUE) earnings time is at Apr 16, 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 (Q1) is 2.87.
