Market Segment
March 20, 2025
Nucor guides to lower first-quarter results
Written by Laura Miller
Nucor anticipates showing an earnings decline when it releases its full first-quarter earnings report on Monday, April 28.
The Charlotte, N.C.-based steelmaker said Thursday it expects first-quarter earnings in the range of $0.45 to $0.55 per diluted share.
That compares to earnings of $1.22 per diluted share ($287 million) in Q4’24 and $3.46 per diluted share ($845 million) in Q1’24.
Guidance for the current quarter includes one-time charges totaling $16 million, or $0.05 per diluted share, for closing two plants in the steel products segment, the company said.
Segment expectations
Results for Nucor’s steel mills segment in the current quarter are expected to be in line with Q4’24, when the segment posted $169 million in earnings before income taxes and noncontrolling interests.
Meanwhile, the company said lower selling prices in the steel products segment will push earnings lower sequentially.
Additionally, the raw materials segment will likely see decreased earnings compared to the previous quarter, primarily due to lower margins at Nucor’s DRI facilities.
