Nucor Corporation (NYSE: NUE), a leading manufacturer of steel and steel products, has issued guidance for the third quarter of fiscal 2025, forecasting a year-over-year decline in net earnings.
The company said it expects Q2 earnings per share to be in the range of $2.55 to $2.65, vs. $2.68 per share in the year-ago quarterOn a quarter-over-quarter basis, meanwhile, it sees earnings growth across all three operating segments in Q2, with the largest increase expected in the steel mills segmentThe steel mills segment is expected to benefit from higher average selling prices at the company’s sheet and plate millsFor the steel products segment, profit is expected to increase sequentially in the second quarter, aided by stable overall pricing, higher volumes, and lower average costs per tonIn Q2, the company repurchased around 1.8 million shares at an average price of $111.89 per shareYear-to-date, it has returned approximately $755 million to stockholders in the form of share repurchases and dividend paymentsNucor is scheduled to report second-quarter results on Monday, July 28, 2025, after markets close
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