NUE · 10-Q · 2026Q4 · Full report

Operating Expense Trends

NUCOR CORP · 2026-11-10 · Importance 26 · Surprise 24

Profit-sharing and other incentive compensation costs increased $120 million in the third quarter of 2026 and $294 million in the first nine months compared with the respective 2025 periods. Nucor attributed the increases to higher profitability and significantly larger accruals for profit sharing and incentive compensation. In the second quarter of 2026, Nucor recorded a $61 million non-cash increase in the value of its Helion investment following Helion’s capital financing round. The $61 million gain reduced marketing, administrative and other expenses in the first nine months of 2026.

Key facts

• Profit sharing and other incentive compensation costs increased by $120 million in Q3 2026 and $294 million in the first nine months of 2026 compared with the respective prior-year periods. source
• Nucor recognized a non-cash $61 million benefit in Q2 2026 from an increase in the value of its Helion investment after Helion completed a capital financing round; it reduced marketing, administrative and other expenses for the first nine months of 2026. source
• Nucor recorded $17 million of asset losses and impairments in Q3 2026 and $32 million in the first nine months of 2026; the Q3 charges included $7 million in steel mills and $10 million in corporate/eliminations, while the remaining $15 million was recorded in Q1 in raw materials. source