Are ads getting in your way? Register for Ad-free pages and live data.

Nucor Reported Solid Steel Products Demand in Q1 2025

Steel News  |  2025-04-29 08:04:43

The steel mills segment earnings recorded increased when compared with the prior quarter.

Nucor Reported Solid Steel Products Demand in Q1 2025

SEATTLE (Scrap Monster): Charlotte, N.C-headquartered Nucor Corporation announced results for the first quarter of 2025.

In the first quarter of 2025, the firm recorded $156 million in consolidated net earnings attributable to its investors, or $0.67 per diluted share. Adjusted net earnings attributable to stockholders for the first quarter came to $179 million, or $0.77 per diluted share. In Q1 2024, consolidated net earnings were $845 million, or $3.46 per diluted share, while in Q4 2024, they were $287 million, or $1.22 per diluted share.

ALSO READ:

Nucor Corporation Announced Key Leadershipp Transition

Nucor's Emission Targets Awarded GSCC Certification

In the first quarter of 2025, Nucor's consolidated net sales were $7.83 billion, which was 11% more than the $7.08 billion in the fourth quarter of 2024 and 4% less than the $8.14 billion in the first quarter of 2024.

In the first quarter of 2025, 6.83 million tons were sent to external clients. In comparison to Q1 2024 and Q4 2024, this was up 10% and 13%, respectively. Shipments from steel mills increased by 14% in comparison to the previous quarter. Almost 19% of all shipments from steel mills went to internal customers. When compared to the previous quarter, the steel mills segment's earnings grew.

Compared to the first quarter of 2025, Nucor anticipates higher earnings in the second quarter. In the upcoming quarter, all three of the operational segments—particularly the steel mills segment—are probably going to record higher profitability.

Are ads getting in your way? Register for Ad-free pages and live data.

Quick Search

Advanced Search