Nucor (NYSE: NUE) reported Q4 EPS of $1.30, $0.13 better than the analyst estimate of $1.17. Revenue for the quarter came in at $5.26 billion versus the consensus estimate of $5.26 billion.

First Quarter of 2021 Outlook

• As we enter 2021 we are encouraged by several positive factors impacting our markets. Nonresidential construction and automotive markets are strong, and we see generally improving conditions in heavy equipment, agriculture, renewable energy and on-highway truck and trailer. We expect earnings in the first quarter of 2021 to significantly increase from the fourth quarter of 2020. The expected performance of the steel mills segment in the first quarter of 2021 is the primary driver for this increase as our sheet, plate, bar and structural mills are forecasting increased profitability in the first quarter of 2021 as compared to the fourth quarter of 2020. The profitability of our downstream steel products segment is expected to decrease in the first quarter of 2021 compared to the fourth quarter of 2020 due to typical seasonal patterns and some margin compression related to the delay between rising steel input costs and increases in selling prices. The raw materials segment's performance in the first quarter of 2021 is expected to be significantly improved compared to the fourth quarter of 2020 due to higher raw materials selling prices.

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