Nucor Q3 Profit Surges 143% on Shipments, Pricing

Nucor beat third-quarter expectations with adjusted EPS of $2.63 (net income $607 million, up 143% year‑over‑year) and revenue of about $8.52 billion, roughly 14% higher than a year earlier. Total mill shipments rose about 12% to roughly 6.4 million tons and external average sales prices increased about 5%, aided by a retreat in steel imports after tariffs that supported domestic pricing. The company held about $2.75 billion in cash and investments, has returned nearly $1 billion to shareholders year‑to‑date, and declared its 210th consecutive quarterly dividend. Management expects lower earnings in the fourth quarter due to anticipated declines in volumes and selling prices, while analysts remain generally positive with Buy ratings and price targets around $151 amid some valuation and technical caution. Nucor shares rose roughly 3–4% in recent trading, marking the stock’s third consecutive day of gains.