Summary
NUE Chart
Nucor Corporation (NUE) Q1 2025 Earnings Call Transcript
Nucor Corporation (NYSE:NUE ) Q1 2025 Earnings Conference Call April 29, 2025 10:00 AM ET Company Participants Jack Sullivan - VP, IR Leon Topalian - Chair, President & CEO Steve Laxton - EVP & CFO Brad Ford - EVP, Plate & Structural Products Allen Behr - EVP, Raw Materials John Hollatz - EVP, Fabricated Construction Products Noah Hanners - EVP, Sheet Products Conference Call Participants Lawson Winder - Bank of America Securities Timna Tanners - Wolfe Research Alex Hacking - Citi Bill Peterson - JPMorgan. Mike Harris - Goldman Sachs Katja Jancic - BMO Capital Markets Chris LaFemina - Jefferies Tristan Gresser - BNP Paribas Carlos de Alba - Morgan Stanley Operator Good morning, and welcome to Nucor's First Quarter 2025 Earnings Call.
Nucor's Earnings and Revenues Beat Estimates in Q1, Down Y/Y
NUE benefits from higher shipment volumes amid headwinds from lower selling prices in the first quarter.
Nucor: Mixed Q1 But Encouraging Guidance For Growth In Q2
Nucor's stock has underperformed, but I still rate it a "buy" due to its strong balance sheet and strategic shift towards value-added products. Despite lower steel prices, Nucor's Q1 earnings exceeded updated guidance, and management expects sequential improvement in earnings. Nucor's diversification into steel products has helped mitigate cyclicality, and its ongoing expansion projects are set to boost future profitability.
Nucor Corp Dividends
 NUE 4 weeks ago Announced | Quarterly | $0.55 Per Share |
| NUE 3 months ago Paid | Quarterly | $0.55 Per Share |
| NUE 7 months ago Paid | Quarterly | $0.54 Per Share |
| NUE 10 months ago Paid | Quarterly | $0.54 Per Share |
| NUE 27 Mar 2024 Paid | Quarterly | $0.54 Per Share |
Nucor Corp Earnings
| 21 Apr 2025 Date | | - Cons. EPS | - EPS |
| 27 Jan 2025 Date | | 0.63 Cons. EPS | 1.22 EPS |
| 21 Oct 2024 Date | | 1.47 Cons. EPS | 1.49 EPS |
| 22 Jul 2024 Date | | 2.35 Cons. EPS | 2.68 EPS |
| 9 May 2024 Date | | 3.65 Cons. EPS | 3.46 EPS |
| NUE 4 weeks ago Announced | Quarterly | $0.55 Per Share |
| NUE 3 months ago Paid | Quarterly | $0.55 Per Share |
| NUE 7 months ago Paid | Quarterly | $0.54 Per Share |
| NUE 10 months ago Paid | Quarterly | $0.54 Per Share |
| NUE 27 Mar 2024 Paid | Quarterly | $0.54 Per Share |
| 21 Apr 2025 Date | | - Cons. EPS | - EPS |
| 27 Jan 2025 Date | | 0.63 Cons. EPS | 1.22 EPS |
| 21 Oct 2024 Date | | 1.47 Cons. EPS | 1.49 EPS |
| 22 Jul 2024 Date | | 2.35 Cons. EPS | 2.68 EPS |
| 9 May 2024 Date | | 3.65 Cons. EPS | 3.46 EPS |
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Nucor Corp Profile
| Other Industry | Other Sector | Mr. Leon J. Topalian CEO | NYSE Exchange | US6703461052 ISIN |
| DE Country | - Employees | 31 Mar 2025 Last Dividend | 1 Jun 2006 Last Split | 1 Sep 1983 IPO Date |
Overview
Nucor Corporation is a leading name in the steel production industry, focusing on the manufacture and sale of steel and steel products. With its foundation dating back to 1905 and headquarters in Charlotte, North Carolina, Nucor stands out in the market for its wide-ranging operations across three primary segments: steel mills, steel products, and raw materials. This structure enables Nucor to cater to a diverse customer base spanning steel service centers, fabricators, manufacturers, and consumers in various sectors across the United States, Canada, and Mexico. The company boasts a robust distribution network, facilitated by an in-house sales force and internal distribution and trading companies, ensuring a wide reach for its products in the market.
Products and Services
- **Steel Mills** - Nucor’s Steel Mills segment is a powerhouse in producing an array of steel products including hot-rolled, cold-rolled, and galvanized sheet steel; plate steel; alongside structural steel products like wide-flange beams, beam blanks, and sheet piling. They also specialize in bar steel products such as blooms, billets, and various bars tailored for concrete reinforcing and special engineering needs. The segment thrives on sales to service centers, fabricators, and manufacturers mainly in the U.S., Canada, and Mexico, alongside participation in steel trading and rebar distribution. - **Steel Products** - Under the Steel Products banner, Nucor offers an extensive portfolio that includes steel joists and joist girders, steel decks, and specialized torque tubes for solar arrays. This segment is also known for producing hollow structural section steel tubing, electrical conduit, and a variety of fabricated steel products like concrete reinforcing steel and cold finished steel. Nucor’s offerings extend to steel fasteners, grating, expanded metal, metal building systems, insulated panels, steel racking, overhead doors, and structures for utilities, showcasing their versatility in serving different market needs. Additionally, they engage in piling distribution. - **Raw Materials** - This segment focuses on the production of direct reduced iron (DRI) and the brokerage of various metals, including both ferrous and nonferrous materials, pig iron, hot briquetted iron, and DRI, alongside ferro-alloys trading. It engages in the processing of scrap metal and operates within the natural gas production and industrial gas sectors. The raw materials segment strategically sells its ferrous scrap to electric arc furnace steel mills and foundries and its nonferrous scrap to aluminum can producers, secondary smelters, steel mills, and other metal processors, demonstrating Nucor’s integrated approach to material management and recycling efforts.Contact Information
