Nucor Posts Q3 2025 Net Earnings of $607 Million; Anticipates Lower Q4 Results Across Segments

The earnings in the steel mills segment decreased in the third quarter of 2025 primarily due to slightly lower volumes coupled with margin compression.

SEATTLE (Scrap Monster): Nucor Corporation, one of North America’s leading steel producers, has announced its financial results for the third quarter of 2025, posting consolidated net earnings of $607 million, or $2.63 per diluted share. This represents a slight improvement from $603 million ($2.60 per diluted share) in the previous quarter and a significant rise from $250 million ($1.05 per diluted share) reported during the same period in 2024.

According to the company, earnings performance varied across segments during the quarter. The steel mills segment experienced a decline in profits due to lower shipment volumes and margin compression. Meanwhile, the steel products segment saw its earnings impacted by higher average production costs per ton, and the raw materials segment reported lower results primarily driven by reduced realized pricing in direct reduced iron and scrap processing operations.

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Looking ahead, Nucor expects fourth-quarter 2025 earnings to be lower than Q3 levels across all major business segments — including steel mills, steel products, and raw materials — as market conditions remain challenging.

The company’s Board of Directors declared a cash dividend of $0.55 per share, payable on November 10, 2025, to shareholders of record as of September 30, 2025.

Commenting on the results, Leon Topalian, Nucor’s Chair, President, and Chief Executive Officer, reaffirmed the company’s commitment to its long-term strategy, stating that Nucor continues to strengthen its core steelmaking operations while expanding into downstream and steel-adjacent businesses to enhance competitiveness and growth potential.