Quarterly ResultApr 27, 2026, 05:02 PM
NUE Q1 Net Earnings $743M, EPS $3.23; New Share Buyback $4B
AI Summary
Nucor Corporation reported strong first-quarter 2026 financial results, with net earnings attributable to stockholders of $743 million, or $3.23 per diluted share, on net sales of $9.50 billion. This represents a significant increase from both the prior quarter and the prior year. All three operating segments (steel mills, steel products, raw materials) reported sequential earnings growth, driven by strong demand and capital investments. The company also announced a new $4.00 billion share repurchase program and declared a $0.56 per share quarterly cash dividend. Nucor expects higher consolidated earnings in the second quarter of 2026.
Key Highlights
- Net earnings attributable to stockholders were $743 million, or $3.23 per diluted share.
- Net sales for Q1 2026 reached $9.50 billion, with EBITDA of $1.51 billion.
- Board approved a new $4.00 billion share repurchase program, replacing previous authorizations.
- Declared a cash dividend of $0.56 per share, marking the 212th consecutive quarterly dividend.
- Steel mills segment earnings before tax increased to $1,128 million, achieving a new quarterly shipment record.
- Company ended Q1 with $2.48 billion in cash and $2.25 billion undrawn credit facility.
- Nucor expects higher consolidated earnings in Q2 2026 across all operating segments.