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Nucor Reports Third-Quarter Net Earnings of $1.32 Billion, or $5.80 Per Share, on $11.25 Billion in Sales

Nucor expects fourth-quarter earnings to be generally in line with or modestly higher than the third quarter.

By Zintick Team · Editor: Kratik Mehta
Published

Blast furnace smelting liquid steel in steel mills
Photo: Photo Hedge/Shutterstock.com

Key points

  • Net earnings of $1.32 billion, or $5.80 per diluted share, versus $2.63 a year earlier
  • Net sales of $11.25 billion, up 32% from $8.52 billion a year earlier
  • Steel mills pre-tax earnings of $1.79 billion; steel products $465 million
  • Fourth-quarter outlook: generally in line with or modestly higher than the third quarter
  • Returned about $629 million to shareholders in the quarter; dividend of $0.56 per share

Nucor (NYSE: NUE) reported third-quarter net earnings attributable to Nucor stockholders of $1.32 billion, or $5.80 per diluted share, on net sales of $11.25 billion, in an 8-K filed Monday, Oct. 26, 2026.

The results compare with $607 million, or $2.63 per diluted share, on net sales of $8.52 billion in the third quarter of 2025. Net sales rose 32% from a year earlier and 8% from the second quarter of 2026, when Nucor reported $5.04 per diluted share. The second quarter included a non-cash, pre-tax benefit of $61 million tied to the increase in the value of its investment in Helion, a fusion energy company.

Steel mills and products drive gains

Earnings before income taxes and noncontrolling interests in the steel mills segment reached $1.79 billion, up from $1.56 billion in the second quarter. The company attributed the increase to higher average selling prices and higher volumes, partly offset by higher costs. Steel mills shipments totaled 7.23 million tons.

The steel products segment earned $465 million before taxes, compared with $353 million in the prior quarter, on higher volumes and higher average realized pricing. Raw materials earnings fell to $105 million from $146 million on lower pricing and shipments.

Outlook and capital returns

Nucor said it expects fourth-quarter earnings to be generally in line with or modestly higher than the third quarter. It expects stable earnings in steel mills and steel products, and slightly lower earnings in raw materials.

During the quarter, Nucor repurchased about 2.03 million shares at an average price of $247.04 and returned about $629 million to stockholders through buybacks and dividends. Its board declared a cash dividend of $0.56 per share, payable Nov. 10, 2026. The company ended the quarter with $3.64 billion in cash, cash equivalents and short-term investments.

The stock closed at $257.35 on Monday, Oct. 26, 2026, before the filing was accepted at 4:54 p.m. ET.

Sources

Written with AI from the company's results filing with the SEC, analysts' estimates where we had them, and our market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Nucor page.