Nucor stock: Profit surge supports steady fourth-quarter outlook

Nucor stock traded at 224.25 euros on Lang & Schwarz at 16:30 CET on Monday, November 9, 2026. Compared with 221.85 euros in the company's own report published earlier that day at 14:17 CET, the quote was 1.08 percent higher.

According to AD HOC NEWS, Nucor reported a sharp improvement in third-quarter earnings on October 26, 2026. Net earnings attributable to stockholders reached 1.32 billion US dollars, compared with 607 million US dollars a year earlier.

Pricing Drives Steel Gains

Net sales rose to 11.25 billion US dollars from 8.52 billion US dollars in the third quarter of 2025. Diluted earnings per share increased to 5.80 US dollars from 2.63 US dollars, while EBITDA reached 2.28 billion US dollars against 1.27 billion US dollars a year earlier.

Steel mills earnings before income taxes and noncontrolling interests rose to 1.79 billion US dollars from 793 million US dollars. Nucor attributed the increase to higher average selling prices and higher volumes, partly offset by higher costs. Steel products earnings climbed to 465 million US dollars from 319 million US dollars.

Fourth-Quarter View Stays Firm

For the fourth quarter, management expects consolidated earnings to be generally in line with or modestly higher than the third-quarter result. Higher realized prices are expected to offset seasonally lower volumes and higher costs in steel mills, while steel products earnings should remain stable.

Raw-materials earnings are expected to decline slightly because of lower realized direct reduced iron pricing. The outlook also includes progress on the expansion program: the West Virginia sheet mill produced its first heat in September, and a second galvanizing line at Nucor Steel Berkeley recently started up. Pre-operating and start-up costs reached 124 million US dollars in the quarter.

Nucor generated 2.7 billion US dollars of free cash flow during the first nine months and returned nearly 1.4 billion US dollars to shareholders. The board declared a 0.56 US dollar quarterly dividend payable on November 10, 2026, to shareholders of record as of September 30.

The S&P 500 provides the broader US equity-market context for Nucor stock.

More news and analyses on Nucor stock remain relevant as the company approaches its next quarterly update and reports on capacity utilization and pricing.