Nucor forecasts Q4 EPS decline, cites seasonal effects and margin compression

Nucor (NYSE:NUE) has provided its earnings guidance for the fourth quarter of fiscal year 2025, forecasting earnings per share (EPS) in the range of $1.65 to $1.75.

The company noted that Q4 earnings are expected to decline compared to Q3 2025, primarily due to seasonal effects, fewer shipping days, and lower volumes, compounded by margin compression in its sheet segment.

Despite the anticipated decline in Q4 earnings, Nucor emphasized that its year-to-date capital actions have been strong, with approximately 0.7 million shares repurchased in Q4 at an average price of $145.23.

The company has returned about $1.2 billion to shareholders this year through buybacks and dividends.

Additionally, Nucor highlighted scheduled outages at its direct reduced iron (DRI) facilities, which are expected to weigh on results in its raw materials segment.

However, the company remains optimistic about its outlook for 2026, noting materially higher backlogs compared to the previous year, signaling strong demand and potential growth moving forward.