NUE
Nucor Corporation162.26
+0.24+0.15%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
CapEx normalizes to $800M; EBITDA +$500M
Q&A drilled into CapEx normalization, pegging post-2026 maintenance at $800M annually amid inflation, with a pivot to low-CapEx M&A in data centers, energy adjacencies like overhead doors. Recent projects plus Brandenburg add $500M EBITDA delta for 2026 over 2025. West Virginia sheet eyes exposed auto, appliances; Lexington rebar turns EBITDA-positive this quarter amid record backlogs. Plate demand robust, imports down 20%. Analysts probed trade durability—management stayed bullish on enforcement sans USMCA details. No walk-backs; just sharper execution color. Projects ramp fast.
Key Stats
Market Cap
37.13BP/E (TTM)
22.79Basic EPS (TTM)
7.12Dividend Yield
0.01%Recent Filings
8-K
Nucor EVP Needham retiring
Nucor EVP Commercial Daniel R. Needham, 60, announced retirement effective June 20, 2026, after 26 years rising from controller to executive ranks. Succession aligns with company planning; no successor named yet. CEO Topalian praised his operational leadership strengthening steel positions. Smooth transition expected.
10-K
FY2025 results
Nucor posted FY2025 net earnings of $1.74B ($7.52 diluted EPS), down from $2.03B ($8.46) in 2024, as steel products margins compressed despite volume gains while steel mills lifted results with 7% higher external shipments (19.8M tons) and expanded metal margins. Steel mills utilization hit 83% for the year, with Q4 at 82%; backlogs swelled to $3.35B (up 57% y/y, derived). Steel products volumes rose 9% on data center and warehouse demand, yet joist/deck and fabrication pricing softened. Q4 insurance recoveries aided raw materials. Cash hit $2.70B; repurchased $700M stock, paid $2.20/share dividends. Debt-to-capital steady at 24%. Global overcapacity threatens pricing momentum.
8-K
Sullivan promoted to CFO
Nucor promoted John L. 'Jack' Sullivan, current VP, Treasurer and IR head, to CFO, Treasurer, and Executive VP effective March 1, 2026, succeeding Steve Laxton who shifts to President and COO. Sullivan, 52, brings treasury and IR experience from Nucor since 2022, Duke Energy, and Bank of America; his base salary rises to $680,000. Smooth transition. No related arrangements disclosed.
8-K
Nucor Q4 earnings down, Q1 up.
Nucor posted Q4 2025 net earnings of $378 million ($1.64/share), down from Q3's $607 million amid lower steel mills volumes and sheet margin compression, yet adjusted earnings hit $400 million ($1.73/share) excluding $27 million impairments. New mills in Lexington and Kingman kicked in earnings contributions. Q1 2026 earnings will rise on higher volumes and prices. Cash sits at $2.70 billion.
8-K
Laxton promoted to President/COO
Nucor announced COO David Sumoski's voluntary retirement, effective June 13, 2026, after stepping down January 1, 2026, to serve as EVP during transition. CFO Stephen Laxton assumes President and COO roles effective that date, with base salary rising to $1,000,000; he'll retain CFO duties until a successor arrives. Succession planning rolls smoothly. Seamless handover assured.
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