Nucor Posts Higher 2Q Profit, Driven by Steel Mills Segment

By Grace Yoon

Nucor logged higher profit in its second quarter, driven by the strength of its steel mills segment.

The steel manufacturer posted a profit of $1.16 billion, or $5.04 a share, compared with $603 million, or $2.60, a year earlier.

The company said the increase in earnings was helped primarily by the increase in earnings in the steel mills segment, which experienced higher average selling prices and higher volumes.

Revenue rose 23% $10.4 billion. Analysts polled by FactSet expected $10.15 billion.

Chief Executive Leon Topalian said the company's results were driven by investments across key sectors of the U.S. economy, combined with supportive federal trade policies.

For the third quarter, Nucor said it expects higher consolidated earnings. Nucor expects an increase in earnings in its steel mills segment due to higher realized pricing across all major product categories, higher earnings in its steel products segment due to higher volumes and realized pricing and lower earnings in its raw materials segment due to lower margins.

Write to Grace Yoon at grace.yoon@wsj.com

(END) Dow Jones Newswires

July 27, 2026 16:49 ET (20:49 GMT)