Nucor reported first quarter 2026 net sales of $9.50 billion and diluted EPS of $3.23, significantly exceeding analyst expectations. These results represent a substantial increase from the prior-year period, which saw net sales of $7.83 billion and EPS of $0.67.
Key Highlights
- The company's Steel Mills segment achieved a new quarterly shipment record, with total shipments increasing 9% year-over-year to 7.0 million tons, exceeding the 5% growth expected by analysts.
- Earnings from the Steel Mills segment surged to $1.13 billion, a nearly five-fold increase from $231 million in the prior-year quarter, driven by higher volumes and a 14% year-over-year increase in average selling prices.
- Nucor provided a positive outlook, expecting higher consolidated earnings in the second quarter of 2026 due to improved performance across all three operating segments.