Nucor Company (NYSE: NUE), a number one producer of metal and metal merchandise, has issued steering for the third quarter of fiscal 2025, forecasting a year-over-year decline in web earnings.
- The corporate stated it expects Q2 earnings per share to be within the vary of $2.55 to $2.65, vs. $2.68 per share within the year-ago quarter
- On a quarter-over-quarter foundation, in the meantime, it sees earnings progress throughout all three working segments in Q2, with the biggest improve anticipated within the metal mills phase
- The metal mills phase is predicted to learn from increased common promoting costs on the firm’s sheet and plate mills
- For the metal merchandise phase, revenue is predicted to extend sequentially within the second quarter, aided by steady total pricing, increased volumes, and decrease common prices per ton
- In Q2, the corporate repurchased round 1.8 million shares at a median value of $111.89 per share
- Yr-to-date, it has returned roughly $755 million to stockholders within the type of share repurchases and dividend funds
- Nucor is scheduled to report second-quarter outcomes on Monday, July 28, 2025, after markets shut
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