Nucor stock: Q3 profit surge keeps fourth-quarter outlook firm

Nucor reported a sharp improvement in third-quarter earnings on October 26, 2026, as higher steel prices and stronger volumes lifted its steel mills and steel products businesses. The company's earnings release reported net earnings attributable to stockholders of 1.32 billion US dollars, compared with 607 million US dollars a year earlier.

Nucor stock traded at 221.85 euros on Lang & Schwarz at 14:17 CET on Monday, November 9, 2026. The quote is a current trading indication and is not paired here with a daily Xetra comparison.

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 segment 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 increased volumes, partly offset by higher costs. Steel products segment earnings climbed to 465 million US dollars from 319 million US dollars on higher volumes and realized pricing.

Raw materials segment earnings increased year over year to 105 million US dollars from 43 million US dollars, but declined from 146 million US dollars in the second quarter because of lower pricing and shipments. The prior quarter also benefited from a 130 million US dollar cash refund linked to earlier raw-material procurement costs, which did not recur.

Fourth-Quarter View Stays Firm

For the fourth quarter, Nucor 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 the steel mills segment, while steel products earnings are expected to remain stable. Raw materials earnings are expected to decline slightly because of lower realized direct reduced iron pricing.

The company also highlighted progress on its 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. These projects add capacity and support the longer-term growth plan, although pre-operating and start-up costs reached 124 million US dollars in the quarter.

Management said 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.

Investors can follow the real-time quote of Nucor stock as the market weighs firm pricing against seasonal volume pressure and expansion costs.

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