Nucor Q1 sales ease past estimates, helped by strength in steel mills segment

Nucor

27/04/2026 21:41

Overview

US steel producer's Q1 sales rose 21% yr/yr, beating analyst expectations

Q1 diluted EPS climbed to $3.23 from $0.67 a year earlier

Outlook

Nucor expects higher consolidated earnings in Q2 2026 versus Q1 2026

Company sees improved Q2 earnings in steel mills due to higher realized selling prices

Nucor anticipates higher Q2 earnings in steel products and raw materials segments

Result Drivers

STEEL MILLS GROWTH - Higher average selling prices and volumes across all product groups drove increased earnings in the steel mills segment

STEEL PRODUCTS VOLUMES - Improved earnings in the steel products segment were due to increased volumes and stable average realized pricing

RAW MATERIALS PRICING - Raw materials segment earnings rose on higher average selling prices and volumes

Company press release: ID:nPn9jTltTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$9.50 bln
$8.88 bln (9 Analysts)
Q1 EPS
$3.23


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy"

Wall Street's median 12-month price target for Nucor Corp is $190.00, about 11.3% below its April 24 closing price of $214.29

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)