Nucor Corp (NYSE:NUE) stock rose 5.90% (As on October 28, 11:23:25 AM UTC-4, Source: Google Finance) after the company reported better-than-expected profit for the third quarter, buoyed by higher product pricing and robust shipments. The company has benefited from a fall in steel imports into the U.S. after President Donald Trump imposed tariffs on the metal, leading to higher domestic buying. Total shipments from its steel mills jumped 12% from a year earlier to about 6.4 million tons. The Charlotte, North Carolina-based company also saw its external average sales price per ton rise 5%. The consolidated net earnings attributable to Nucor stockholders of $607 million, for the third quarter of 2025. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $603 million for the second quarter of 2025 and $250 million for the third quarter of 2024. NUE continues to execute on Nucor’s strategy of growing the core steelmaking capabilities, while expanding into downstream, steel-adjacent businesses. During the third quarter, the company began ramping up production at two recently completed bar mill projects, advanced the sheet steel production and coating projects, and commenced pole production at the Alabama Towers & Structures facility. At the end of the third quarter of 2025, Nucor had $2.75 billion in cash and cash equivalents and short-term investments on hand. The Company’s $2.25 billion revolving credit facility remains undrawn and does not expire until March 2030.

NUE in the third quarter of FY25 has reported the adjusted earnings per share of $2.63, beating the analysts’ estimates for the adjusted earnings per share of $2.19, according to data compiled by LSEG. The company had reported the adjusted revenue growth of 14 percent to $8.52 billion in the third quarter of FY25, beating the analysts’ estimates for revenue of $8.16 billion. Earnings in the steel mills segment decreased in the third quarter of 2025 primarily due to slightly lower volumes coupled with margin compression. The decrease in the steel products segment’s earnings in the third quarter was due to higher average costs per ton on stable average realized pricing and moderately higher volumes. The raw materials segment had lower earnings in the third quarter of 2025 primarily due to lower realized pricing in the direct reduced iron and scrap processing operations.

Additionally, during the third quarter of 2025, Nucor repurchased approximately 0.7 million shares of its common stock at an average price of $140.46 per share (approximately 4.8 million shares during the first nine months of 2025 at an average price of $126.26 per share). As of October 4, 2025, Nucor had approximately $506 million remaining authorized and available for repurchases under its share repurchase program. This share repurchase authorization is discretionary and has no scheduled expiration date.

Looking ahead, the company expects earnings in the fourth quarter of 2025 to be lower than the third quarter of 2025. In the steel mills segment, the expected decrease is primarily due to lower overall volumes, along with lower average selling prices in our sheet mills. In the steel products segment, the expected decrease is mainly due to lower volumes. In the raw materials segment, the expected decrease is due to lower realized pricing as well as planned outages at our direct reduced iron facilities.