Nucor Reports Strong Q2 Earnings with Record Shipments and Improved Segment Performance
Nucor Corporation (NYSE:NUE) reported second-quarter net earnings of $1.2 billion, or $5.04 per share, surpassing expectations due to record steel mill shipments, higher selling prices, and improved performance across all three operating segments. Adjusted earnings were $4.84 per share after excluding a non-cash benefit from its Helion investment. The company generated approximately $2 billion in EBITDA during the quarter. The Steel Mills segment led with record quarterly shipments of 7.1 million tons and pre-tax earnings of $1.6 billion, driven by higher average selling prices for sheet and plate products. Both Steel Products and Raw Materials segments also outperformed internal forecasts, contributing to overall growth. Nucor expects stronger third-quarter results as metal margins expand and pricing improves. The company reaffirmed its 2026 capital spending plan of approximately $2.5 billion, with a focus on growth projects. It returned $479 million to shareholders through dividends and buybacks during the quarter.
Tickers: $NUE
Topics: capital spending dividends and buybacks financial performance steel industry