Nucor Corporation announced guidance for its first quarter ending April 5, 2025, expecting earnings to be in the range of $0.45 to $0.55 per diluted share. After adding back estimated one-time charges of approximately $16 million, or $0.05 per diluted share, related to facility closures, adjusted earnings are expected to be $0.50 to $0.60 per diluted share.
This forecast is significantly lower than the $1.22 per diluted share reported in the fourth quarter of 2024 and $3.46 per diluted share in the first quarter of 2024. The steel products segment is expected to see a decrease in earnings primarily due to lower average selling prices, while the raw materials segment anticipates lower margins at its DRI facilities.
The steel mills segment's earnings are projected to be in line with the fourth quarter of 2024. Nucor also expects higher corporate, administrative, and tax impacts in the first quarter of 2025. Quarter-to-date, the company repurchased approximately 2.3 million shares at an average price of $133.17, contributing to $428 million returned to stockholders through repurchases and dividends.
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