Nucor Corporation filed an earnings announcement on October 26, 2026, disclosing third-quarter 2026 consolidated net earnings attributable to Nucor stockholders of $1.32 billion, or $5.80 per diluted share, on net sales of $11.25 billion.

Key Highlights

  • Net earnings per diluted share: $5.80 for Q3 2026, compared with $5.04 per diluted share in Q2 2026 and $2.63 per diluted share in Q3 2025.
  • Net sales: $11.25 billion for the third quarter of 2026.
  • EBITDA: $2.28 billion for Q3 2026, as reported by the company.
  • Share repurchases: Approximately 2.03 million shares repurchased at an average price of $247.04 per share during Q3 2026.
  • Capital returned to stockholders: Approximately $629 million in Q3 2026 and approximately $1.36 billion in the first nine months of 2026.
  • Cash and short-term investments: $3.64 billion on hand at the end of Q3 2026, with a $2.25 billion revolving credit facility undrawn.
  • Quarterly dividend: $0.56 per share declared September 18, 2026, payable November 10, 2026, described as the company's 214th consecutive quarterly cash dividend.

Nucor's Third-Quarter 2026 Segment Performance and Financial Position

According to the filing, Nucor Corporation (NYSE:NUE) reported earnings before income taxes and noncontrolling interests of $1,788 million from its steel mills segment in the three months ended October 3, 2026, up from $1,556 million in the prior quarter. The steel products segment contributed $465 million, compared with $353 million in Q2 2026, while the raw materials segment reported $105 million, down from $146 million. The company attributed the steel mills segment increase to higher average selling prices and increased volumes, partially offset by higher costs of products sold. The filing noted that Q2 2026 steel mills segment costs had been reduced by $130 million in cash refunds associated with prior periods' raw material procurement costs, which did not recur in Q3 2026.

For the nine months ended October 3, 2026, the steel mills segment reported earnings before income taxes and noncontrolling interests of $4,472 million, the steel products segment reported $1,094 million, and the raw materials segment reported $296 million. The filing disclosed that the company generated approximately $2.7 billion of free cash flow through the first nine months of 2026, as stated by Chair and Chief Executive Officer Leon Topalian. The company also cited the first heat at its West Virginia sheet mill in September and the start-up of a second galvanizing line at Nucor Steel Berkeley as operational milestones during the period.

The filing stated that Nucor holds credit ratings of A-/A-/A3 at Standard and Poor's, Fitch Ratings, and Moody's, respectively, with stable outlooks at all three agencies. Regarding Q4 2026, the company's own forward-looking statements, which it cautions are subject to risks and uncertainties, indicate it expects earnings to be "generally in-line with or modestly higher than the third quarter." Those statements are the company's own projections and are not guarantees of future performance, as the filing notes.

What Was Disclosed

Nucor disclosed its Q3 2026 earnings results, including segment-level income, capital return activity, balance sheet figures, and a Q4 2026 earnings outlook. The announcement also noted operational milestones and reaffirmed the company's credit ratings and liquidity position.