Nucor Q4 Profit Falls 38% on Weaker Steel Margins and Lower Volumes

SEATTLE (Scrap Monster): Nucor Corporation reported consolidated net earnings attributable to stockholders of $378 million, or $1.64 per diluted share, for the fourth quarter of 2025, reflecting lower volumes and margin compression across key operating segments.

Excluding impairment charges, adjusted net earnings totaled $400 million, or $1.73 per diluted share. This compares with $607 million, or $2.63 per diluted share, in the third quarter of 2025 and $287 million, or $1.22 per diluted share, in the fourth quarter of 2024.

During the quarter, Nucor recorded impairment charges of $27 million, including $21 million related to the closure or repurposing of select steel products facilities and $6 million tied to non-current assets in the steel mills segment. Segment results were pressured by weaker sheet demand, higher unit costs, and two scheduled outages at direct reduced iron facilities, partially offset by insurance recoveries.

Chairman and CEO Leon Topalian credited employees for delivering strong operational performance in 2025, advancing major growth projects, and achieving the company’s safest year on record.

Looking ahead, Nucor remains optimistic about 2026, citing robust end-market demand, strong order backlogs, and supportive federal policies. The company expects recent investments to enhance long-term earnings power and shareholder returns.

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