Nucor Corporation announced consolidated net earnings attributable to stockholders of $603 million, or $2.60 per diluted share, for the second quarter of 2025. This represents a significant increase from $156 million, or $0.67 per diluted share, in the first quarter of 2025, but a slight decrease from $645 million, or $2.68 per diluted share, in the second quarter of 2024.
The company achieved sequential earnings growth across all three operating segments. The steel mills segment saw increased earnings primarily due to higher average selling prices at its sheet and plate mills. The steel products segment's earnings rose due to stable pricing, higher volumes, and lower average costs per ton, while the raw materials segment also reported increased earnings from scrap processing operations.
Consolidated net sales increased 8% sequentially to $8.46 billion, and total tons shipped to outside customers were comparable to the first quarter at approximately 6,820,000 tons. Overall operating rates at Nucor's steel mills increased to 85% in the second quarter, up from 80% in the prior quarter.
Nucor maintained a strong financial position with $2.48 billion in cash and short-term investments. The company repurchased approximately 1.8 million shares during the quarter, contributing to $755 million returned to stockholders year-to-date. For the third quarter of 2025, Nucor expects earnings to be nominally lower than the second quarter, primarily due to anticipated margin compression in the steel mills segment.
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