Nucor

Nucor (NUE) investor relations material

Nucor Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

Q1 2026 earnings summary28 Apr, 2026

Executive summary

Q1 2026 delivered record steel mill shipments and strong operational performance, with EBITDA of $1.5 billion and EPS of $3.23, reflecting significant improvement over Q4 2025; safety remained a top priority, with 65 divisions reporting zero recordable injuries.
Net earnings attributable to stockholders reached $743 million ($3.23 per diluted share), up from $378 million in Q4 2025, with net sales of $9.50 billion, a 24% year-over-year increase.
All three operating segments—steel mills, steel products, and raw materials—reported sequential earnings growth, driven by higher selling prices and volumes.
Major capital projects, including the West Virginia sheet mill and multiple greenfield facilities, are progressing on schedule and within budget.
Leadership changes include Jack Sullivan promoted to CFO and Dan Needham retiring as EVP of Commercial.

Financial highlights

EBITDA for Q1 2026 was $1.51 billion, up from $918 million in Q4 2025 and $696 million in Q1 2025.
Net earnings were $743 million, with free cash flow of $225 million, reversing a negative FCF in Q4 2025.
Capital expenditures totaled $661 million in Q1 2026, with 40% allocated to the new West Virginia sheet mill.
Shareholder returns included $254 million in Q1 2026 via dividends and share repurchases.
Steel mill segment generated $1.1 billion pre-tax net earnings, more than double the prior quarter.

Outlook and guidance

Higher consolidated earnings are expected in Q2 2026, with improved performance anticipated across all segments, driven by higher volumes and realized pricing.
Anticipate earnings and cash flow to trend significantly higher in 2026 versus 2025, supported by non-residential construction, infrastructure demand, and returns from recent investments.
Shipments projected to grow more than 5% in 2026, with potential for double-digit growth as demand remains robust.
Backlogs remain strong across long products and steel products, with mega projects and infrastructure spending supporting demand.

Rationale for the new $4B buyback authorization

Impact of start-up costs on Q1 margins

Drivers of the 39% growth in tubular products

West Virginia mill commissioning and ramp-up

Rationale for the slow and steady sheet pricing

Long-term energy strategy for data center demand

Partial view of Summaries dataset, powered by Quartr API

AI can get things wrong. Verify important information.

Research faster. Power your platform.

Latest events from Nucor

View more events

Next Nucor earnings date

AGM 202614 May, 2026

Companies

Nucor

Your earnings  season toolkit.

Download

Free on both iOS & Android.

Next Nucor earnings date

AGM 202614 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.

Leroy DaleyApp Store

One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.

Eferix Drawings Google Play

This is genuinely one of the cleanest and fastest finance apps out there to track the market.

anuj283App Store

Leroy DaleyApp Store

One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.

Eferix Drawings Google Play

This is genuinely one of the cleanest and fastest finance apps out there to track the market.

anuj283App Store

I can't remember the last time an app had such a positive impact on my investment process.

@ankurshah47_ x.com

Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.

Amina0781App Store

Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.

@theshortbearx.com

I can't remember the last time an app had such a positive impact on my investment process.

@ankurshah47_ x.com

Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.

Amina0781App Store

Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.

@theshortbearx.com

I’m actually shocked at just how much I like Quartr. If you’re an analyst & need a strong web tool + mobile app that syncs properly, saves you from manually dialing into calls.

@endthepods x.com

A must have for every investor. includes all quarterly reports with earnings calls and transcripts in single app

Abdulla AlnaamaGoogle Play