Also, lower margins at DRI facilities will result in decreased earnings in the raw materials segment.
SEATTLE (Scrap Monster): Guidance for Nucor Corporation's first quarter, which ends on April 5, 2025, was released.
For the first quarter, the business anticipates profits per diluted share to be between $0.45 and $0.55. After deducting some one-time expenses, the first quarter's adjusted earnings per diluted share should be between $0.50 and $0.60. This is in contrast with net earnings of $3.46 per diluted share in the same quarter last year and $1.22 per diluted share in the previous quarter.
A business news release states that Nucor's first-quarter 2025 earnings in the steel mills division are anticipated to be comparable to those of the fourth quarter 2024. In comparison to Q4 2024, the steel products segment's profitability will decline in Q1 2025 due to the lower average selling prices. Additionally, the raw materials segment will earn less as a result of weaker margins at DRI operations.
According to data collected throughout the quarter, Nucor has paid out dividends and repurchased around 2.3 million shares, returning about $428 million to investors.
On Monday, April 28, 2025, after the markets close, the corporation will report its Q1 2025 profits. To review the results, a conference call will be held at 10:00 a.m. Eastern Time on Tuesday, April 29, 2025.
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