First Quarter of 2026 CommentaryEarnings in the first quarter of 2026 are expected to increase across all three of our operating segments as compared to the fourth quarter of 2025, with the largest increase in the steel mills segment. The expected increase in the steel mills segment earnings is due to higher average selling prices and volumes across all product groups. In the steel products segment, we expect improved earnings due to increased volumes and stable average realized pricing. The raw materials segment is expected to have slightly higher earnings in the first quarter of 2026.
Capital ReturnsDuring the first quarter of 2026, Nucor has repurchased approximately 0.7 million shares at an average price of $175.19 per share. Nucor has returned approximately $250 million to stockholders in the form of share repurchases and dividend payments year-to-date.
First Quarter of 2026 Earnings Release and Conference CallNucor plans to release its earnings after the markets close on Monday, April 27, 2026, and will host a conference call the morning of Tuesday, April 28, 2026 at 10:00 a.m. Eastern Time to review the Company's first quarter results. The event will be broadcast on the internet, and instructions on how to access will be sent closer to the call.
About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Non-GAAP Financial ...