Nucor (NUE) Guides Q1 EPS Below Consensus

Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending April 5, 2025. Nucor expects first quarter earnings to be in the range of $0.45 to $0.55 per diluted share. After adding back certain one-time charges totaling approximately $0.05 per diluted share, described below, we expect first quarter adjusted earnings per diluted share to be in the range of $0.50 to $0.60. Nucor reported net earnings of $1.22 per diluted share in the fourth quarter of 2024 and $3.46 per diluted share in the first quarter of 2024.

(Consensus sees Q1 EPS of $1.05)

One-Time Non-Cash Charges
Included in the first quarter of 2025 non-adjusted guidance range are estimated one-time charges of approximately $16 million, or $0.05 per diluted share, related to the closure of two facilities in the steel products segment.

First Quarter of 2025 Commentary
We expect earnings in the steel mills segment in the first quarter of 2025 to be in line with the fourth quarter of 2024. We expect earnings in the steel products segment to decrease in the first quarter of 2025 as compared to the fourth quarter of 2024 due primarily to lower average selling prices. The earnings of the raw materials segment are expected to decrease in the first quarter of 2025 as compared to the fourth quarter of 2024 due to lower margins at our DRI facilities. We expect higher corporate, administrative and tax impacts in the first quarter of 2025 than recognized in the fourth quarter of 2024.

Quarter-to-date, Nucor has repurchased approximately 2.3 million shares at an average price of $133.17 and has returned approximately $428 million to stockholders in the form of share repurchases and dividend payments.

First Quarter of 2025 Earnings Release and Conference Call
Nucor plans to release its earnings after the markets close on Monday, April 28, 2025, and will host a conference call the morning of Tuesday, April 29, 2025 at 10:00 a.m. Eastern Time to review the Company's first quarter results. The event will be broadcast on the internet, and instructions on how to access will be sent closer to the call.

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