Nucor Announces Guidance for the First Quarter of 2025 Earnings

CHARLOTTE, N.C., March 20, 2025 /PRNewswire/ -- Nucor Corporation (NYSE:NUE) today announced guidance for its first quarter ending April 5, 2025. Nucor expects first quarter earnings to be in the range of $0.45 to $0.55 per diluted share. After adding back certain one-time charges totaling approximately $0.05 per diluted share, described below, we expect first quarter adjusted earnings per diluted share to be in the range of $0.50 to $0.60. Nucor reported net earnings of $1.22 per diluted share in the fourth quarter of 2024 and $3.46 per diluted share in the first quarter of 2024.

One-Time Non-Cash ChargesIncluded in the first quarter of 2025 non-adjusted guidance range are estimated one-time charges of approximately $16 million, or $0.05 per diluted share, related to the closure of two facilities in the steel products segment.

First Quarter of 2025 CommentaryWe expect earnings in the steel mills segment in the first quarter of 2025 to be in line with the fourth quarter of 2024. We expect earnings in the steel products segment to decrease in the first quarter of 2025 as compared to the fourth quarter of 2024 due primarily to lower average selling prices. The earnings of the raw materials segment are expected to decrease in the first quarter of 2025 as compared to the fourth quarter of 2024 due to lower margins at our DRI facilities.  We expect higher corporate, administrative and tax impacts in the first quarter of 2025 than recognized in the fourth quarter of 2024.

Quarter-to-date, Nucor has repurchased approximately 2.3 million shares at an average price of

https://www.benzinga.com/pressreleases/25/03/n44426184/nucor-announces-guidance-for-the-first-quarter-of-2025-earnings