Nucor Q2 EPS $5.04 Crushes Guidance, Guides Higher for Q3
NUE sits 86% above its 52-week low of $131.32.
Summary
Nucor delivered Q2 EPS of $5.04, well above the $4.70-$4.90 guidance range provided in June, driven by record steel mill shipments and higher selling prices. Revenue rose 23% to $10.4B, beating the $10.15B consensus. The company guided for higher consolidated earnings in Q3, citing continued pricing strength across steel mills and products. This follows the strong Q1 and the June guidance update, confirming robust demand and favorable trade policy tailwinds. The beat and upbeat outlook reinforce the earnings momentum, though the stock may have partially priced in the strong quarter given the prior guidance. Nucor Corp. announced a rise in Q2 income.
At the time of this announcement, NUE was trading at $244.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $56.4B. The 52-week trading range was $131.32 to $270.90. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.