Key insights
- Nucor forecasts strong Q1 earnings, driven by higher steel prices and volumes. The company is actively repurchasing shares and has a long history of dividend payments. This positive outlook for a major steel producer suggests continued strength in the US industrial sector, potentially supporting broader market sentiment.
CHARLOTTE, N.C. - Nucor Corporation (NYSE:NUE) announced guidance for its first quarter ending April 4, projecting earnings between $2.70 and $2.80 per diluted share, according to a press release statement issued today. The company trades at a P/E ratio of 21.55 and according to InvestingPro analysis, appears undervalued relative to its Fair Value—placing it among stocks on the platform’s most undervalued list.
The steel manufacturer reported fourth quarter 2025 net earnings of $1.64 per diluted share and adjusted earnings of $1.73 per diluted share. First quarter 2025 net earnings were $0.67 per diluted share, with adjusted earnings of $0.77 per diluted share.
The company expects earnings to increase across all three operating segments compared to the fourth quarter of 2025. The steel mills segment is projected to show the largest increase due to higher average selling prices and volumes across all product groups. The steel products segment anticipates improved earnings from increased volumes and stable average realized pricing. The raw materials segment is expected to have slightly higher earnings.
During the first quarter of 2026, Nucor repurchased approximately 0.7 million shares at an average price of $175.19 per share. The company has returned approximately $250 million to stockholders through share repurchases and dividend payments year-to-date. An InvestingPro tip highlights that management has been aggressively buying back shares, while the company has maintained dividend payments for 54 consecutive years. With 11 additional ProTips available, investors can access deeper insights through the comprehensive Pro Research Report, one of 1,400+ available for US equities.
Nucor plans to release its first quarter earnings after markets close on Monday, April 27, 2026, and will host a conference call on Tuesday, April 28, 2026 at 10:00 a.m. Eastern Time.
The company manufactures steel and steel products with operating facilities in the United States, Canada and Mexico. Products include carbon and alloy steel in various forms, steel tubing, electrical conduit, and other steel-related products.
In other recent news, Nucor Corporation announced its fourth-quarter 2025 earnings, which fell short of market expectations. The company reported an earnings per share (EPS) of $1.73, missing the forecasted $1.86, and revenue of $7.69 billion, below the anticipated $7.87 billion. Additionally, Nucor declared a quarterly cash dividend of $0.56 per share, marking its 212th consecutive dividend payment. The board of directors also approved a new $4 billion share repurchase program, replacing a previous authorization. In executive news, Jack Sullivan will be promoted to Chief Financial Officer, Treasurer, and Executive Vice President, effective March 1, succeeding Steve Laxton. Furthermore, Daniel R. Needham, Executive Vice President of Commercial, plans to retire in June 2026. These developments reflect significant changes and strategic decisions within the company.
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