Q2 2026 Nucor Corp Earnings Call Transcript
Key Points
- Nucor Corp (NUE) delivered a strong quarter with approximately $2 billion of EBITDA and earnings of $5.04 per share, excluding a non-cash benefit.
- The company returned $479 million to shareholders through dividends and share buybacks, representing 41% of net earnings.
- Quarterly shipments in the steel mills reached an all-time high of 7.1 million tons, marking the second consecutive quarter of record shipments.
- Nucor Corp (NUE) is making significant progress on its new sheet mill project in West Virginia, remaining on time and on budget.
- The company expects shipment growth to finish closer to the higher end of its previously suggested 5% to 10% range for 2026, driven by strong demand across key end markets.
- Despite strong performance, Nucor Corp (NUE) faces challenges from increased imports, particularly in beams, which saw a 50% increase quarter-over-quarter.
- The company anticipates elevated pre-operating and startup costs through the rest of 2026 and into 2027 as it completes construction and ramps up production at its new facilities.
- Nucor Corp (NUE) expects lower earnings in its raw materials segment in the third quarter due to lower margins from expected realized scrap pricing and elevated iron ore costs.
- The company is navigating a complex trade environment, with ongoing investigations under Section 301 and the potential impacts of the USMCA trade agreement review.
- Nucor Corp (NUE) acknowledges the potential for typical seasonality to affect the fourth quarter, despite strong demand drivers.
Good morning, and welcome to Nucor's second quarter 2026 earnings call. All lines have been placed on mute to prevent any background noise, and today's call is being recorded. Actions for callers wishing to ask questions. I would now like to introduce Chris Jacoby, Director of Investor Relations. You may begin your call.
Thank you and good morning, everyone. Welcome to Nucor's second quarter earnings review and business update. Leading our call today is Leon Topalian, Chair and CEO, along with Steve Laxton, President and COO, and Jack Sullivan, CFO. Other members of Nucor's executive team are also here with us today and may participate during the Q&A portion of the call.
Yesterday, we posted our second quarter earnings release and investor presentation to Nucor's IR website. We encourage you to access these materials as we'll cover portions of them during the call.
Today's discussion will include the use of non-GAAP financial measures and forward-looking information within the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
