Q1 25 EPS
$0.77
BEAT +26.71%
Est. $0.61
Q1 25 Revenue
$7.83B
BEAT +7.39%
Est. $7.29B
vs S&P Since Q1 25
+66.8%
BEATING MARKET
NUE +96.8% vs S&P +30.0%
Market Reaction
Did NUE Beat Earnings? Q1 2025 Results
Nucor delivered a decisive earnings beat in the first quarter of 2025, posting adjusted EPS of $0.77 against a Wall Street consensus of $0.61, a 26.71% positive surprise, even as the steelmaker navigated a sharply lower pricing environment and an 80%… Read more Nucor delivered a decisive earnings beat in the first quarter of 2025, posting adjusted EPS of $0.77 against a Wall Street consensus of $0.61, a 26.71% positive surprise, even as the steelmaker navigated a sharply lower pricing environment and an 80% year-over-year collapse in net income to $156 million. Revenue came in at $7.83 billion, clearing estimates by 7.39%, though it still tracked 3.8% below the year-ago period as average selling prices fell 12% year-over-year. The most material driver behind the sequential recovery was a meaningful rebound in shipment volumes, with total tons shipped to outside customers rising 13% from Q4 2024, supported by steel mill operating rates climbing to 80% from 74%. The reimposition of 25% Section 232 tariffs on steel imports in March, along with preliminary anti-dumping findings covering producers in 10 countries, has further stiffened the domestic demand backdrop. Management guided for meaningfully higher Q2 earnings across all three operating segments, with sheet and plate pricing improvements expected to lead the steel mills recovery.
Key Takeaways
- • Total shipments to outside customers increased 10% year-over-year to 6,830,000 tons
- • Steel mill operating rates improved to 80% from 74% in Q4 2024
- • Bar shipments increased 20% year-over-year; plate shipments increased 40% year-over-year
- • Average selling prices declined 12% year-over-year and 2% sequentially
- • Pre-operating and start-up costs from growth projects were approximately $170 million ($0.56 per diluted share)
- • Average scrap and scrap substitute cost per gross ton decreased 6% year-over-year to $394
- • Completed 10 planned outages during Q1
- • Brandenburg shipments trending higher for last five quarters
NUE YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“Despite recent financial market volatility, Nucor is seeing solid demand for the steel and steel products we manufacture. Our healthy balance sheet and diverse product portfolio position us well, even in uncertain times.”
— Leon Topalian, Q1 2025 Earnings Press Release
NUE Earnings Trends
NUE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NUE EPS Trend
Earnings per share: estimate vs actual
NUE Revenue Trend
Quarterly revenue: estimate vs actual
NUE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $3.23 | — | $9.50B | +7.14% |
| Q4 25 MISS FY | $2.14 | $1.73 | -19.16% | $7.69B | -1.43% |
| FY Full Year | $7.73 | $7.71 | -0.29% | $32.49B | -0.34% |
| Q3 25 BEAT | $2.16 | $2.63 | +22.01% | $8.52B | +4.49% |
| Q2 25 MISS | $2.70 | $2.60 | -3.70% | $8.46B | -0.27% |
| Q1 25 BEAT | $0.61 | $0.77 | +26.71% | $7.83B | +7.39% |