Nucor Guides Q3 EPS to $5.55-$5.65, Up 10%+ Sequentially
NUE has more than doubled off its 52-week low of $131.32.
Summary
Nucor guided Q3 2026 EPS to $5.55-$5.65, above Q2's $5.04 and more than double the $2.63 from Q3 2025. The increase is driven by higher steel mill selling prices and stable volumes, partially offset by the absence of a $130M raw material refund and a $61M Helion valuation gain that boosted Q2. The company also disclosed it repurchased 2.03 million shares at an average $247.04 during Q3, bringing year-to-date capital returns to $1.36 billion. This follows Q2's record shipments and management's prior guidance for further growth. Earnings are scheduled for October 26 after market close, with a call on October 27.
At the time of this announcement, NUE was trading at $265.14 on NYSE in the Manufacturing sector, with a market capitalization of approximately $60.2B. The 52-week trading range was $131.32 to $280.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.