Nucor Reports 117% Q3 Profit Surge on Steel Mill Gains
Steel News | 2026-10-27 06:01:18
Looking ahead, Nucor expects fourth-quarter earnings to be broadly in line with or modestly above third-quarter levels.
By Paul Ploumis
SEATTLE (Scrap Monster): Nucor Corporation reported a sharp increase in third-quarter earnings for 2026, supported by stronger steel prices, higher shipment volumes, and robust demand across key markets.
The US steelmaker posted net earnings attributable to shareholders of $1.32 billion, or $5.80 per diluted share, for the quarter ended October 3, 2026. This compares with $607 million, or $2.63 per diluted share, in the corresponding quarter last year. Net sales reached $11.25 billion, while EBITDA totalled $2.28 billion. Meanwhile, net income attributable to shareholders stood at $1.16 billion, or $5.04 per diluted share.
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The steel mills segment reported the strongest performance, with earnings before taxes and noncontrolling interests rising to $1.788 billion from $1.556 billion in the previous quarter. Higher average selling prices and increased volumes supported the growth, while the gains were partly offset by higher production costs.
Steel products earnings increased to $465 million, while raw materials earnings declined to $105 million during the quarter. The company ended the quarter with $3.64 billion in cash and short-term investments.
Looking ahead, Nucor expects fourth-quarter earnings to be broadly in line with or modestly above third-quarter levels. The anticipated firmer realized prices are expected to balance seasonal volume declines and cost pressures.
POLL
What net earnings attributable to shareholders did Nucor report for Q3 2026?
Frequently Asked Questions
- How much did Nucor earn in the third quarter of 2026?
Nucor reported net earnings attributable to shareholders of $1.32 billion, equivalent to $5.80 per diluted share, compared with $607 million in the third quarter of 2025.
- What factors contributed to Nucor’s improved quarterly performance?
Stronger steel selling prices, higher shipment volumes and robust demand across key markets supported earnings growth. These benefits were partly offset by higher production costs.
- Which Nucor business segment recorded the strongest performance?
The steel mills segment led performance, with earnings before taxes and noncontrolling interests rising to $1.788 billion from $1.556 billion in the preceding quarter. Steel products earnings reached $465 million, while raw materials earnings declined to $105 million.
