Overview
- Fourth-quarter revenue came in at $7.69 billion versus $7.87 billion expected, with EPS of $1.64 versus $1.99 estimated.
- Earnings fell across steel mills, steel products, and raw materials due to lower volumes, sheet margin compression, higher per‑ton costs, and two scheduled DRI outages.
- The company guides to higher first-quarter earnings in all segments, led by the steel mills unit, with details slated for a 10 a.m. ET call Tuesday.
- Nucor shares declined about 3.5% in after-hours trading following the report.
- The company repurchased roughly 700,000 shares, had $406 million remaining on its buyback, declared a $0.56 dividend for Feb. 11, and ended the quarter with $2.70 billion in liquidity.