Nucor Sees Stronger Q2 Earnings on Higher Steel Prices
Steel News | 2026-06-18 05:54:41 | By Paul Ploumis
The guidance reflects improved performance across Nucor’s core business segments.
SEATTLE (Scrap Monster): Nucor Corporation has issued guidance for its second-quarter 2026 earnings. The company forecasts earnings of $4.70 to $4.80 per diluted share and adjusted earnings of $4.50 to $4.60 per diluted share for the quarter ending July 4, 2026.
The forecast represents a substantial improvement from first-quarter 2026 earnings of $3.23 per diluted share and second-quarter 2025 earnings of $2.60 per diluted share. The guidance factors in an estimated non-cash benefit of approximately $61 million, or $0.20 per diluted share, related to the increased value of Nucor’s investment in Helion.
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The guidance reflects improved performance across Nucor’s core business segments. The steel mills business is anticipated to deliver the largest improvement, mainly supported by higher average selling prices and stable shipment volumes. The steel products segment is projected to benefit from stronger shipment volumes and modestly higher realized prices, while the raw materials division is expected to see improved earnings due to higher selling prices.
During the second quarter, Nucor repurchased approximately 1.12 million shares at an average price of $223.47 per share.
The company plans to release its full second-quarter 2026 financial results after market close on July 27, 2026.