The company announced that its diluted earnings per share (EPS) decreased to USD 0.67 in the first quarter of this year, decreasing from USD 3.46 in the same period last year. Nucor shared its financial results with investors during an earnings call led by President and CEO Leon Topalian and CFO Steve Laxton on April 29, 2025.
Despite the earnings pressure, the company's shares traded at USD 116.57 as of April 28, within a 52-week range of USD 97.59 - 176.59. Despite the weak performance, management continues to invest in growth initiatives, citing strengthening trade policies and improving market conditions as important catalysts for the future.
Weaker Financials and Declining EBITDA
In the first quarter of 2025, Nucor reported EBITDA of USD 696 million, net income of USD 156 million (USD 179 million adjusted after impairments) and diluted earnings per share of USD 0.67 (adjusted EPS: USD 0.77). This EBITDA figure represents a significant decreasing from USD 751 million in the fourth quarter of 2024 and USD 1.503 billion in the first quarter of 2024.
Despite the financial challenges, the company managed to keep capital expenditures at USD 859 million in the first quarter of the year, while returning a total of USD 429 million to shareholders through dividends and share repurchases.
Historic Success in Operational Strength and Safety
On the operational front, Nucor made a strong start to one of the safest years in its history. The company made significant progress in safety with an injury and illness rate of 0.62. In addition, shipments at the Brandenburg site grew for the fifth consecutive quarter. The company also successfully completed 10 planned maintenance shutdowns during the first quarter.
Nucor emphasizes that despite the current economic conditions, it will remain committed to its long-term growth strategies and will not deviate from its goal of operational excellence.
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