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Nucor Reports Results for the Second Quarter of 2025

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Nucor Corporation (NYSE: NUE) reported second quarter 2025 net earnings of $603 million, or $2.60 per diluted share, with net sales of $8.46 billion. This represents a significant improvement from Q1 2025's $156 million but slightly below Q2 2024's $645 million.

The company demonstrated strong operational performance with total shipments of 6.82 million tons, an 8% increase year-over-year. Steel mill operating rates improved to 85% in Q2 2025, up from 80% in Q1 2025. The average sales price increased 8% quarter-over-quarter but decreased 3% year-over-year.

Nucor maintained its strong financial position with $2.48 billion in cash and cash equivalents and continued its commitment to shareholder returns through a $0.55 quarterly dividend and repurchasing 1.8 million shares at an average price of $111.89. The company expects Q3 2025 earnings to be nominally lower due to margin compression in the steel mills segment.

Nucor Corporation (NYSE: NUE) ha riportato utili netti nel secondo trimestre 2025 pari a 603 milioni di dollari, ovvero 2,60 dollari per azione diluita, con ricavi netti di 8,46 miliardi di dollari. Questo rappresenta un miglioramento significativo rispetto ai 156 milioni del primo trimestre 2025, ma leggermente inferiore ai 645 milioni del secondo trimestre 2024.

L'azienda ha mostrato una forte performance operativa con spedizioni totali di 6,82 milioni di tonnellate, in aumento dell'8% su base annua. I tassi di utilizzo degli impianti siderurgici sono saliti all'85% nel secondo trimestre 2025, rispetto all'80% del primo trimestre 2025. Il prezzo medio di vendita è aumentato dell'8% trimestre su trimestre, ma è diminuito del 3% anno su anno.

Nucor ha mantenuto una solida posizione finanziaria con 2,48 miliardi di dollari in liquidità e equivalenti e ha continuato a impegnarsi nei confronti degli azionisti attraverso un dividendo trimestrale di 0,55 dollari e il riacquisto di 1,8 milioni di azioni a un prezzo medio di 111,89 dollari. L'azienda prevede che gli utili del terzo trimestre 2025 saranno leggermente inferiori a causa della compressione dei margini nel segmento degli impianti siderurgici.

Nucor Corporation (NYSE: NUE) reportó ganancias netas de 603 millones de dólares en el segundo trimestre de 2025, o 2,60 dólares por acción diluida, con ventas netas de 8,46 mil millones de dólares. Esto representa una mejora significativa respecto a los 156 millones del primer trimestre de 2025, pero ligeramente inferior a los 645 millones del segundo trimestre de 2024.

La compañía mostró un sólido desempeño operativo con envíos totales de 6,82 millones de toneladas, un aumento del 8% interanual. Las tasas de operación de las acerías mejoraron al 85% en el segundo trimestre de 2025, frente al 80% del primer trimestre de 2025. El precio medio de venta aumentó un 8% trimestre a trimestre, pero disminuyó un 3% año tras año.

Nucor mantuvo una fuerte posición financiera con 2,48 mil millones de dólares en efectivo y equivalentes y continuó su compromiso con los accionistas a través de un dividendo trimestral de 0,55 dólares y la recompra de 1,8 millones de acciones a un precio promedio de 111,89 dólares. La compañía espera que las ganancias del tercer trimestre de 2025 sean ligeramente inferiores debido a la compresión de márgenes en el segmento de acerías.

Nucor Corporation (NYSE: NUE)는 2025년 2분기 순이익으로 6억 3천만 달러, 희석 주당 순이익은 2.60달러를 보고했으며, 순매출은 84억 6천만 달러를 기록했습니다. 이는 2025년 1분기 1억 5,600만 달러에 비해 크게 개선된 수치이나 2024년 2분기 6억 4,500만 달러보다는 약간 낮습니다.

회사는 총 출하량 682만 톤으로 전년 동기 대비 8% 증가하는 강한 운영 성과를 보였습니다. 제강소 가동률은 2025년 2분기에 85%로 2025년 1분기의 80%에서 상승했습니다. 평균 판매 가격은 분기 대비 8% 상승했으나 전년 동기 대비 3% 하락했습니다.

Nucor는 24억 8천만 달러의 현금 및 현금성 자산을 유지하며 견고한 재무 상태를 유지했고, 분기별 0.55달러 배당금 지급과 주당 평균 111.89달러에 180만 주를 재매입하는 등 주주 환원 정책을 이어갔습니다. 회사는 제강소 부문의 마진 압박으로 인해 2025년 3분기 이익이 다소 감소할 것으로 예상하고 있습니다.

Nucor Corporation (NYSE: NUE) a annoncé un bénéfice net de 603 millions de dollars pour le deuxième trimestre 2025, soit 2,60 dollars par action diluée, avec un chiffre d'affaires net de 8,46 milliards de dollars. Cela représente une amélioration significative par rapport aux 156 millions du premier trimestre 2025, mais légèrement inférieur aux 645 millions du deuxième trimestre 2024.

L'entreprise a démontré une solide performance opérationnelle avec des expéditions totales de 6,82 millions de tonnes, soit une augmentation de 8 % en glissement annuel. Les taux d'exploitation des aciéries sont passés à 85% au deuxième trimestre 2025, contre 80 % au premier trimestre 2025. Le prix de vente moyen a augmenté de 8 % d'un trimestre à l'autre, mais a diminué de 3 % en glissement annuel.

Nucor a maintenu une position financière solide avec 2,48 milliards de dollars en liquidités et équivalents et a poursuivi son engagement envers les actionnaires par le biais d'un dividende trimestriel de 0,55 dollar et le rachat de 1,8 million d'actions à un prix moyen de 111,89 dollars. L'entreprise prévoit que les bénéfices du troisième trimestre 2025 seront légèrement inférieurs en raison d'une compression des marges dans le segment des aciéries.

Nucor Corporation (NYSE: NUE) meldete für das zweite Quartal 2025 einen Nettogewinn von 603 Millionen US-Dollar bzw. 2,60 US-Dollar je verwässerter Aktie bei Nettoumsätzen von 8,46 Milliarden US-Dollar. Dies stellt eine deutliche Verbesserung gegenüber den 156 Millionen US-Dollar im ersten Quartal 2025 dar, liegt jedoch leicht unter den 645 Millionen US-Dollar des zweiten Quartals 2024.

Das Unternehmen zeigte eine starke operative Leistung mit Gesamtlieferungen von 6,82 Millionen Tonnen, was einem Anstieg von 8 % im Jahresvergleich entspricht. Die Auslastung der Stahlwerke verbesserte sich im zweiten Quartal 2025 auf 85%, nach 80 % im ersten Quartal 2025. Der durchschnittliche Verkaufspreis stieg im Quartalsvergleich um 8 %, ging jedoch im Jahresvergleich um 3 % zurück.

Nucor behielt eine starke finanzielle Position mit 2,48 Milliarden US-Dollar an liquiden Mitteln und Zahlungsmitteln bei und setzte sein Engagement für Aktionärsrenditen durch eine vierteljährliche Dividende von 0,55 US-Dollar sowie den Rückkauf von 1,8 Millionen Aktien zu einem Durchschnittspreis von 111,89 US-Dollar fort. Das Unternehmen erwartet für das dritte Quartal 2025 aufgrund von Margendruck im Stahlwerkssegment leicht niedrigere Gewinne.

Positive
  • Net earnings increased significantly to $603 million in Q2 2025 from $156 million in Q1 2025
  • Operating rates at steel mills improved to 85% from 80% quarter-over-quarter
  • Strong financial position with $2.48 billion in cash and highest credit rating in North American steel sector
  • Total shipments increased 8% year-over-year to 6.82 million tons
  • Sequential earnings growth across all three reporting segments
Negative
  • Q2 2025 earnings declined year-over-year from $645 million to $603 million
  • Average sales price decreased 3% compared to Q2 2024
  • Expected margin compression and lower earnings forecast for Q3 2025
  • Pre-operating and start-up costs increased to $306 million in first half 2025 vs $262 million in 2024

Insights

Nucor delivered solid Q2 results with earnings up from Q1 across all segments, though slightly below year-ago levels.

Nucor posted $603 million in Q2 net earnings ($2.60 per share), marking a substantial 287% increase from Q1's $156 million, though slightly below the $645 million from Q2 2024. Revenue increased 8% sequentially to $8.46 billion, with improved performance across all three operating segments.

The results demonstrate operational resilience amid challenging market conditions. Steel mill utilization rates improved to 85% from 80% in Q1 and 75% a year ago, indicating healthier demand. Total shipments of 6.82 million tons were flat sequentially but up 8% year-over-year.

Segment performance shows varied dynamics: steel mills led earnings at $843 million (versus $645 million year-ago), driven by higher sheet and plate prices. Steel products contributed $392 million, down from $442 million last year despite volume increases, suggesting margin pressure.

Cash position remains robust at $2.48 billion with an undrawn $2.25 billion credit facility and industry-leading credit ratings. Nucor continues aggressive capital return, repurchasing 1.8 million shares at an average price of $111.89 in Q2 and maintaining its 209th consecutive quarterly dividend of $0.55 per share.

The company faces $136 million in pre-operating costs for growth projects (about $0.45 per share), signaling continued investment despite near-term headwinds. Management's Q3 outlook projects slightly lower earnings due to margin compression in the steel mills segment, despite resilient backlogs and stable demand.

Second Quarter of 2025 Highlights

  • Net earnings attributable to Nucor stockholders of $603 million, or $2.60 per diluted share.
  • Net sales of $8.46 billion.
  • Net earnings before noncontrolling interests of $706 million; EBITDA of $1.30 billion.

CHARLOTTE, N.C., July 28, 2025 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $603 million, or $2.60 per diluted share, for the second quarter of 2025. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $156 million, or $0.67 per diluted share, for the first quarter of 2025 and $645 million, or $2.68 per diluted share, for the second quarter of 2024.

In the first six months of 2025, Nucor reported consolidated net earnings attributable to Nucor stockholders of $759 million, or $3.26 per diluted share, compared with consolidated net earnings attributable to Nucor stockholders of $1.49 billion, or $6.14 per diluted share, in the first six months of 2024.

"Our team delivered a solid second quarter, with sequential earnings growth from all three of Nucor's reporting segments, and did so while setting another safety record in the first half of 2025," said Leon Topalian, Nucor's Chair, President and Chief Executive Officer. "As we head into the second half of 2025, we are encouraged by resilient demand across key end markets, a healthy order backlog and recently enacted tax and trade policies that promote American manufacturing." 

Selected Segment Data
Earnings (loss) before income taxes and noncontrolling interests by segment for the second quarter and first six months of 2025 and 2024 were as follows (in millions):










Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 5, 2025



June 29, 2024



July 5, 2025



June 29, 2024


Steel mills


$

843



$

645



$

1,074



$

1,748


Steel products



392




442




680




953


Raw materials



57




39




86




49


Corporate/eliminations



(393)




(228)




(656)




(627)




$

899



$

898



$

1,184



$

2,123


Financial Review
Nucor's consolidated net sales increased 8% to $8.46 billion in the second quarter of 2025 compared with $7.83 billion in the first quarter of 2025 and increased 5% compared with $8.08 billion in the second quarter of 2024. Average sales price per ton in the second quarter of 2025 increased 8% compared with the first quarter of 2025 and decreased 3% compared with the second quarter of 2024. A total of approximately 6,820,000 tons were shipped to outside customers in the second quarter of 2025, which was comparable with the first quarter of 2025 and was an 8% increase compared with the second quarter of 2024. Total steel mill shipments in the second quarter of 2025 were comparable to the first quarter of 2025 and increased 10% compared to the second quarter of 2024. Steel mill shipments to internal customers represented 22% of total steel mill shipments in the second quarter of 2025, compared with 19% in the first quarter of 2025 and 21% in the second quarter of 2024. Downstream steel product shipments to outside customers in the second quarter of 2025 increased 9% compared with the first quarter of 2025 and increased 6% compared with the second quarter of 2024.

In the first six months of 2025, Nucor's consolidated net sales of $16.29 billion was comparable with consolidated net sales of $16.21 billion reported in the first six months of 2024. Total tons shipped to outside customers in the first six months of 2025 were approximately 13,650,000 tons, an increase of 9% compared with the first six months of 2024, and the average sales price per ton in the first six months of 2025 decreased 8% compared with the first six months of 2024.

The average scrap and scrap substitute cost per gross ton used in the second quarter of 2025 was $403, a 2% increase compared to $394 in the first quarter of 2025 and $396 in the second quarter of 2024. The average scrap and scrap substitute cost per gross ton used in the first six months of 2025 was $398, a 3% decrease compared to $409 in the first six months of 2024.

Pre-operating and start-up costs related to the Company's growth projects were approximately $136 million, or $0.45 per diluted share, in the second quarter of 2025, compared with approximately $170 million, or $0.56 per diluted share, in the first quarter of 2025 and approximately $137 million, or $0.43 per diluted share, in the second quarter of 2024.

In the first six months of 2025, pre-operating and start-up costs related to the Company's growth projects were approximately $306 million, or $1.00 per diluted share, compared with approximately $262 million, or $0.82 per diluted share, in the first six months of 2024.

Overall operating rates at the Company's steel mills increased to 85% in the second quarter of 2025 as compared to 80% in the first quarter of 2025 and 75% in the second quarter of 2024. Operating rates in the first six months of 2025 increased to 82% as compared to 79% in the first six months of 2024.

Financial Strength
At the end of the second quarter of 2025, we had $2.48 billion in cash and cash equivalents and short-term investments on hand. The Company's $2.25 billion revolving credit facility remains undrawn and does not expire until March 2030.  Nucor continues to have the strongest credit ratings in the North American steel sector (A-/A-/Baa1) with stable outlooks at Standard & Poor's and Fitch Ratings and a positive outlook at Moody's.

Commitment to Returning Capital to Stockholders
During the second quarter of 2025, Nucor repurchased approximately 1.8 million shares of its common stock at an average price of $111.89 per share (approximately 4.0 million shares during the first six months of 2025 at an average price of $123.75 per share). As of July 5, 2025, Nucor had approximately $606 million remaining authorized and available for repurchases under its share repurchase program. This share repurchase authorization is discretionary and has no scheduled expiration date.

On June 10, 2025, Nucor's Board of Directors declared a cash dividend of $0.55 per share. This cash dividend is payable on August 11, 2025, to stockholders of record as of June 30, 2025 and is Nucor's 209th consecutive quarterly cash dividend.

Second Quarter of 2025 Analysis
Earnings in the second quarter of 2025 increased across all three of our operating segments as compared to the first quarter of 2025. The increase in earnings for the steel mills segment was primarily due to higher average selling prices at our sheet and plate mills. Earnings in the steel products segment increased in the second quarter of 2025 as compared to the first quarter of 2025 due to a combination of stable overall pricing, higher volumes and lower average costs per ton. The raw materials segment had increased earnings in the second quarter of 2025 as compared to the first quarter of 2025 due primarily to our scrap processing operations.

Third Quarter of 2025 Outlook
We expect earnings in the third quarter of 2025 to be nominally lower than the second quarter of 2025, due to decreased earnings in the steel mills segment and similar earnings in the steel products and raw materials segments. In the steel mills segment, despite resilient backlogs and a stable demand outlook, we expect margin compression in the third quarter of 2025 as compared to the second quarter of 2025.

Earnings Conference Call
An earnings call is scheduled for July 29, 2025 at 10:00 a.m. Eastern Time to review Nucor's second quarter of 2025 financial results and provide a business update. The call can be accessed via webcast from the Investor Relations section of Nucor's website (nucor.com/investors). A presentation with supplemental information to accompany the call has been posted to Nucor's Investor Relations website. A playback of the webcast will be posted to the same site within one day of the live event. 

About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

Non-GAAP Financial Measures
The Company uses certain non-GAAP (Generally Accepted Accounting Principles) financial measures in this news release, including EBITDA. Generally, a non-GAAP financial measure is a numerical measure of a company's performance or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable financial measure calculated and presented in accordance with GAAP.

We define EBITDA as net earnings before noncontrolling interests, adding back the following items: interest expense (income), net; provision for income taxes; losses and impairments of assets; depreciation; and amortization. Please note that other companies might define their non-GAAP financial measures differently than we do.

Management presents the non-GAAP financial measure of EBITDA in this news release because it considers it to be an important supplemental measure of performance. Management believes that this non-GAAP financial measure provides additional insight for analysts and investors evaluating the Company's financial and operational performance by providing a consistent basis of comparison across periods.

Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to general market conditions, and in particular, prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties and volatility surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; (14) our ability to integrate businesses we acquire; and (15) the impact of any pandemic or public health situation. These and other factors are discussed in Nucor's regulatory filings with the United States Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2024. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.

 

Tonnage Data


(In thousands)





























Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 5, 2025



June 29,
2024



Percent
Change



July 5, 2025



June 29,
2024



Percent
Change


Steel mills total shipments:

























Sheet



3,057




2,869




7

%



6,038




5,843




3

%

Bars



2,148




2,005




7

%



4,438




3,917




13

%

Structural



635




512




24

%



1,212




1,062




14

%

Plate



606




448




35

%



1,183




860




38

%

Other



28




33




-15

%



66




75




-12

%




6,474




5,867




10

%



12,937




11,757




10

%


























Sales tons to outside customers:          

























Steel mills



5,044




4,617




9

%



10,270




9,293




11

%

Joist and deck



217




185




17

%



399




365




9

%

Rebar fabrication products



306




265




15

%



553




503




10

%

Tubular products



243




214




14

%



513




422




22

%

Building Systems



64




66




-3

%



112




121




-7

%

Other steel products



311




344




-10

%



612




628




-3

%

Raw materials



635




598




6

%



1,191




1,181




1

%




6,820




6,289




8

%



13,650




12,513




9

%


























 

Condensed Consolidated Statements of Earnings (Unaudited)

(In millions, except per share data)




Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 5, 2025



June 29, 2024



July 5, 2025



June 29, 2024


Net sales


$

8,456



$

8,077



$

16,286



$

16,214


Costs, expenses and other:

















Cost of products sold



7,233




6,883




14,458




13,497


Marketing, administrative and other expenses



304




294




585




639


Equity in earnings of unconsolidated affiliates



(10)




(10)




(14)




(19)


Losses and impairments of assets



11




14




40




14


Interest expense (income), net



19




(2)




33




(40)





7,557




7,179




15,102




14,091


Earnings before income taxes and noncontrolling interests 



899




898




1,184




2,123


Provision for income taxes



193




186




252




452


Net earnings before noncontrolling interests



706




712




932




1,671


Earnings attributable to noncontrolling interests



103




67




173




181


Net earnings attributable to Nucor stockholders


$

603



$

645



$

759



$

1,490


Net earnings per share:

















Basic


$

2.60



$

2.68



$

3.26



$

6.15


Diluted


$

2.60



$

2.68



$

3.26



$

6.14


Average shares outstanding:

















Basic



230.6




239.6




231.7




241.3


Diluted



230.8




240.0




231.9




241.5


 

Condensed Consolidated Balance Sheets (Unaudited)

(In millions)




July 5, 2025



Dec. 31, 2024


ASSETS









Current assets:









Cash and cash equivalents


$

1,946



$

3,558


Short-term investments



537




581


Accounts receivable, net



3,388




2,675


Inventories, net



5,462




5,106


Other current assets



386




555


Total current assets



11,719




12,475


Property, plant and equipment, net



14,303




13,243


Goodwill



4,299




4,288


Other intangible assets, net



3,006




3,134


Other assets



890




800


Total assets


$

34,217



$

33,940


LIABILITIES









Current liabilities:









Short-term debt


$

157



$

225


Current portion of long-term debt and finance lease obligations 



32




1,042


Accounts payable



2,183




1,832


Salaries, wages and related accruals



745




903


Accrued expenses and other current liabilities



1,029




975


Total current liabilities



4,146




4,977


Long-term debt and finance lease obligations due after one year



6,692




5,683


Deferred credits and other liabilities



1,887




1,863


Total liabilities



12,725




12,523


Commitments and contingencies









EQUITY









Nucor stockholders' equity:









Common stock



152




152


Additional paid-in capital



2,213




2,223


Retained earnings



30,775




30,271


Accumulated other comprehensive loss,

   net of income taxes



(167)




(208)


Treasury stock



(12,584)




(12,144)


Total Nucor stockholders' equity



20,389




20,294


Noncontrolling interests



1,103




1,123


Total equity



21,492




21,417


Total liabilities and equity


$

34,217



$

33,940


 

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In millions)




Six Months (26 Weeks) Ended




July 5, 2025



June 29, 2024


Operating activities:









Net earnings before noncontrolling interests


$

932



$

1,671


Adjustments:









Depreciation



606




528


Amortization



128




120


Impairment of assets



20




14


Stock-based compensation



78




83


Deferred income taxes



(17)




(78)


Distributions from affiliates



6




8


Equity in earnings of unconsolidated affiliates



(14)




(19)


Changes in assets and liabilities (exclusive of acquisitions and dispositions): 









Accounts receivable



(706)




(154)


Inventories



(352)




333


Accounts payable



375




(315)


Federal income taxes



135




133


Salaries, wages and related accruals



(135)




(426)


Other operating activities



40




47


Cash provided by operating activities



1,096




1,945


Investing activities:









Capital expenditures



(1,813)




(1,471)


Investment in and advances to affiliates



(1)




-


Disposition of plant and equipment



39




10


Acquisitions (net of cash acquired)



(1)




(109)


Purchases of investments



(666)




(887)


Proceeds from the sale of investments



717




856


Other investing activities



2




-


Cash used in investing activities



(1,723)




(1,601)


Financing activities:









Net change in short-term debt



(68)




49


Repayment of long-term debt



(1,007)




(5)


Proceeds from issuance of long-term debt, net of discount



997




-


Bond issuance costs



(9)




-


Proceeds from exercise of stock options



-




3


Payment of tax withholdings on certain stock-based compensation



(31)




(47)


Distributions to noncontrolling interests



(214)




(315)


Cash dividends



(258)




(264)


Acquisition of treasury stock



(500)




(1,501)


Proceeds from government incentives



77




-


Other financing activities



17




(7)


Cash used in financing activities



(996)




(2,087)


Effect of exchange rate changes on cash



11




(5)


Decrease in cash and cash equivalents



(1,612)




(1,748)


Cash and cash equivalents - beginning of year



3,558




6,387


Cash and cash equivalents - end of six months


$

1,946



$

4,639


Non-cash investing activity:









Change in accrued plant and equipment purchases


$

(27)



$

37


 

Non-GAAP Financial Measures


Reconciliation of EBITDA (Unaudited)


(In millions)





















Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 5, 2025



June 29, 2024



July 5, 2025



June 29, 2024


Net earnings before noncontrolling interests


$

706



$

712



$

932



$

1,671


Depreciation



303




271




606




528


Amortization



63




61




128




120


Losses and impairments of assets



11




14




40




14


Interest expense (income), net



19




(2)




33




(40)


Provision for income taxes



193




186




252




452


EBITDA


$

1,295



$

1,242



$

1,991



$

2,745


 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nucor-reports-results-for-the-second-quarter-of-2025-302515226.html

SOURCE Nucor Corporation

FAQ

What were Nucor's (NUE) Q2 2025 earnings per share?

Nucor reported earnings of $2.60 per diluted share in Q2 2025, compared to $0.67 in Q1 2025 and $2.68 in Q2 2024.

How much cash does Nucor (NUE) have on hand in Q2 2025?

Nucor had $2.48 billion in cash and cash equivalents and short-term investments at the end of Q2 2025.

What is Nucor's (NUE) dividend payment for Q2 2025?

Nucor declared a quarterly cash dividend of $0.55 per share, payable on August 11, 2025, marking its 209th consecutive quarterly dividend.

What is Nucor's (NUE) operating rate for Q2 2025?

Nucor's steel mills operated at 85% capacity in Q2 2025, up from 80% in Q1 2025 and 75% in Q2 2024.

What is Nucor's (NUE) outlook for Q3 2025?

Nucor expects nominally lower earnings in Q3 2025 compared to Q2 2025, primarily due to margin compression in the steel mills segment.

How many shares did Nucor (NUE) repurchase in Q2 2025?

Nucor repurchased 1.8 million shares at an average price of $111.89 per share during Q2 2025.
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33.65B
229.09M
0.53%
79.81%
1.92%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
Link
United States
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