Nucor Corp., one of the largest U.S. steel companies, increased its net income 4.8 times in the first quarter of fiscal 2026 due to improved results in all three business units.
$156 million, or $0.67 per share, compared to last year.
Revenue rose to $9.5 billion from $7.83 billion a year earlier.
Analysts on average expected revenue at $8.88 billion, according to LSEG. 7.028 million tons. The average selling price of steel products increased by 12%.
Nucor repurchased 0.7 million of its shares last quarter. In total, the company transferred about $250 million to shareholders through the payment of dividends and buyback.
The next dividend payment of $0.56 per share will be made on May 11 for shareholders of record on March 31.
Financial Quarter.
Nucor stock quotes in the additional session on Monday rose 4.1% after the publication of the results. The steelmaker's capitalization over the past three months has increased by almost 24% (to $49 billion), while the S&P 500 stock index added 3.2%.
