Steel manufacturer Nucor's Q3 sales edge past expectations

Nucor

27/10/2025 20:43

Overview

Nucor Q3 2025 revenue of $8.52 bln just beats analyst expectations

Net earnings attributable to Nucor stockholders were $607 mln

Company repurchased approximately 0.7 mln shares in Q3 2025

Outlook

Nucor expects Q4 2025 earnings to be lower than Q3 2025

Steel mills segment to see lower volumes and selling prices in Q4 2025

Raw materials segment to face lower pricing and planned outages in Q4 2025

Result Drivers

PRODUCTION RAMP-UP - Co ramped up production at new bar mill projects and advanced sheet steel production and coating projects

MARGIN COMPRESSION - Earnings in steel mills decreased due to slightly lower volumes and margin compression

LOWER PRICING - Raw materials segment earnings decreased due to lower realized pricing in direct reduced iron and scrap processing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
*Slight Beat
$8.52 bln
$8.15 bln (9 Analysts)
Q3 EPS
$2.63


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and no "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 $153.50, about 9.6% above its October 24 closing price of $138.70

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn8p1gTda

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(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.)