Investing.com -- Nucor Corp (NYSE:NUE) reported mixed first quarter results, beating revenue expectations but falling short on earnings per share. The steel producer also provided an optimistic outlook for the second quarter.
Nucor posted adjusted earnings of $0.77 per share for Q1 2025, missing analyst estimates of $0.79. Revenue came in at $7.83 billion, surpassing the consensus forecast of $7.23 billion and increasing 11% from the previous quarter. However, revenue declined 4% YoY from $8.14 billion in Q1 2024.
The company shipped 6.83 million tons to outside customers in Q1, up 13% from the previous quarter and 10% YoY. Steel mill shipments rose 14% sequentially and 10% YoY.
"Despite recent financial market volatility, Nucor is seeing solid demand for the steel and steel products we manufacture," said Leon Topalian, Chair, President and CEO.
Nucor expects earnings to increase across all segments in Q2 2025 compared to Q1, with the largest increase in the steel mills segment due to higher average selling prices for sheet and plate products.
The company’s stock showed no significant movement following the earnings release, as investors weighed the mixed results and optimistic outlook.