NUE · 10-Q · 2026Q4 · Full report
Guidance / Outlook
NUCOR CORP · 2026-11-10 · Importance 40 · Surprise 42 · In source text
Nucor expected fourth-quarter 2026 earnings to be generally in line with or modestly above third-quarter results. Steel mills earnings were expected to remain stable as higher realized pricing was offset by seasonally lower volumes and higher costs. Steel products earnings were expected to remain stable on higher realized pricing and seasonally lower volumes. Raw materials earnings were expected to be slightly lower because of lower realized DRI pricing, while intersegment profit eliminations were expected to decrease.
Key facts
- Nucor expects Q4 2026 earnings to be generally in line with or modestly higher than Q3 2026. source
- The expected effective tax rate for full-year 2026 is between 20.0% and 22.0%. source
- For Q4 2026, Nucor expects stable steel mills earnings as higher realized pricing is offset by seasonally lower volumes and higher costs. source
- For Q4 2026, Nucor expects stable steel products earnings on higher realized pricing and seasonally lower volumes. source
- For Q4 2026, Nucor expects slightly lower raw materials segment earnings due to lower realized DRI pricing. source
- Nucor expects intersegment profit eliminations to decrease in Q4 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | probable | — | Nucor expects Q4 2026 earnings to be generally in line with or modestly higher than Q3 2026. |