Steel Mills

Nucor guides to lower first-quarter results

Written by Laura Miller

March 20, 2025

Nucor anticipates showing an earnings decline when it releases its full first-quarter earnings report on Monday, April 28.

The Charlotte, N.C.-based steelmaker said Thursday it expects first-quarter earnings in the range of $0.45 to $0.55 per diluted share.

That compares to earnings of $1.22 per diluted share ($287 million) in Q4’24 and $3.46 per diluted share ($845 million) in Q1’24.

Guidance for the current quarter includes one-time charges totaling $16 million, or $0.05 per diluted share, for closing two plants in the steel products segment, the company said.

Segment expectations

Results for Nucor’s steel mills segment in the current quarter are expected to be in line with Q4’24, when the segment posted $169 million in earnings before income taxes and noncontrolling interests.

Meanwhile, the company said lower selling prices in the steel products segment will push earnings lower sequentially.

Additionally, the raw materials segment will likely see decreased earnings compared to the previous quarter, primarily due to lower margins at Nucor’s DRI facilities.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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