| Segments |
Nucor’s results by segment for the second quarter and first six months of 2025 and 2024 were as follows (in millions):
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Three Months (13 Weeks) Ended |
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July 5, 2025 |
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Steel Mills |
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|
Steel Products |
|
|
Raw Materials |
|
|
Totals |
|
Sales |
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|
|
|
|
|
|
|
|
Net sales to external customers |
|
$ |
5,253 |
|
|
$ |
2,657 |
|
|
$ |
546 |
|
|
$ |
8,456 |
|
Intercompany sales |
|
|
1,360 |
|
|
|
148 |
|
|
|
2,801 |
|
|
|
4,309 |
|
Total Sales |
|
|
6,613 |
|
|
|
2,805 |
|
|
|
3,347 |
|
|
|
12,765 |
|
Reconciliation of Sales |
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|
|
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Elimination of intercompany sales |
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|
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(4,309 |
) |
Net sales to external customers |
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|
|
|
|
|
|
|
|
|
8,456 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
5,727 |
|
|
|
2,328 |
|
|
|
3,262 |
|
|
|
11,317 |
|
Other segment items |
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|
43 |
|
|
|
85 |
|
|
|
28 |
|
|
|
156 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
843 |
|
|
|
392 |
|
|
|
57 |
|
|
|
1,292 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
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|
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|
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|
|
|
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Corporate/eliminations |
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|
|
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|
|
(393 |
) |
Earnings before income taxes and noncontrolling interests |
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|
|
|
|
|
|
$ |
899 |
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Six Months (26 Weeks) Ended |
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July 5, 2025 |
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Steel Mills |
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|
Steel Products |
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|
Raw Materials |
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Totals |
|
Sales |
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|
|
|
|
|
|
|
|
|
|
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Net sales to external customers |
|
$ |
10,160 |
|
|
$ |
5,062 |
|
|
$ |
1,064 |
|
|
$ |
16,286 |
|
Intercompany sales |
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|
2,434 |
|
|
|
298 |
|
|
|
5,527 |
|
|
|
8,259 |
|
Total Sales |
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|
12,594 |
|
|
|
5,360 |
|
|
|
6,591 |
|
|
|
24,545 |
|
Reconciliation of Sales |
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|
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|
|
|
|
|
|
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Elimination of intercompany sales |
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|
|
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|
|
|
|
|
|
|
(8,259 |
) |
Net sales to external customers |
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|
|
|
|
|
|
|
|
|
|
16,286 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
11,470 |
|
|
|
4,557 |
|
|
|
6,466 |
|
|
|
22,493 |
|
Other segment items |
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|
50 |
|
|
|
123 |
|
|
|
39 |
|
|
|
212 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
1,074 |
|
|
|
680 |
|
|
|
86 |
|
|
|
1,840 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
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|
|
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|
|
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|
|
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Corporate/eliminations |
|
|
|
|
|
|
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|
|
|
(656 |
) |
Earnings before income taxes and noncontrolling interests |
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|
|
|
|
|
|
|
|
|
$ |
1,184 |
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Three Months (13 Weeks) Ended |
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June 29, 2024 |
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Steel Mills |
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|
Steel Products |
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|
Raw Materials |
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Totals |
|
Sales |
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|
|
|
|
|
|
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Net sales to external customers |
|
$ |
4,858 |
|
|
$ |
2,703 |
|
|
$ |
516 |
|
|
$ |
8,077 |
|
Intercompany sales |
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|
1,172 |
|
|
|
155 |
|
|
|
2,233 |
|
|
|
3,560 |
|
Total Sales |
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|
6,030 |
|
|
|
2,858 |
|
|
|
2,749 |
|
|
|
11,637 |
|
Reconciliation of Sales |
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|
|
|
|
|
|
|
|
|
|
|
Elimination of intercompany sales |
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|
|
|
|
|
|
|
|
|
|
(3,560 |
) |
Net sales to external customers |
|
|
|
|
|
|
|
|
|
|
|
8,077 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
5,369 |
|
|
|
2,338 |
|
|
|
2,688 |
|
|
|
10,395 |
|
Other segment items |
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|
16 |
|
|
|
78 |
|
|
|
22 |
|
|
|
116 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
645 |
|
|
|
442 |
|
|
|
39 |
|
|
|
1,126 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate/eliminations |
|
|
|
|
|
|
|
|
|
|
|
(228 |
) |
Earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
$ |
898 |
|
|
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|
Six Months (26 Weeks) Ended |
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|
June 29, 2024 |
|
|
|
Steel Mills |
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|
Steel Products |
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|
Raw Materials |
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|
Totals |
|
Sales |
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|
|
|
|
|
|
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|
Net sales to external customers |
|
$ |
10,027 |
|
|
$ |
5,220 |
|
|
$ |
967 |
|
|
$ |
16,214 |
|
Intercompany sales |
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|
2,423 |
|
|
|
292 |
|
|
|
4,801 |
|
|
|
7,516 |
|
Total Sales |
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|
12,450 |
|
|
|
5,512 |
|
|
|
5,768 |
|
|
|
23,730 |
|
Reconciliation of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
Elimination of intercompany sales |
|
|
|
|
|
|
|
|
|
|
|
(7,516 |
) |
Net sales to external customers |
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|
|
|
|
|
|
|
|
|
|
16,214 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
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|
Cost of products sold |
|
|
10,668 |
|
|
|
4,402 |
|
|
|
5,680 |
|
|
|
20,750 |
|
Other segment items |
|
|
34 |
|
|
|
157 |
|
|
|
39 |
|
|
|
230 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
1,748 |
|
|
|
953 |
|
|
|
49 |
|
|
|
2,750 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate/eliminations |
|
|
|
|
|
|
|
|
|
|
|
(627 |
) |
Earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
$ |
2,123 |
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Three Months (13 Weeks) Ended |
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Six Months (26 Weeks) Ended |
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|
July 5, 2025 |
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|
June 29, 2024 |
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|
July 5, 2025 |
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|
June 29, 2024 |
|
Depreciation expense: |
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Steel mills |
|
$ |
197 |
|
|
$ |
181 |
|
|
$ |
404 |
|
|
$ |
351 |
|
Steel products |
|
|
46 |
|
|
|
37 |
|
|
|
86 |
|
|
|
72 |
|
Raw materials |
|
|
54 |
|
|
|
48 |
|
|
|
105 |
|
|
|
96 |
|
Corporate |
|
|
6 |
|
|
|
5 |
|
|
|
11 |
|
|
|
9 |
|
|
|
$ |
303 |
|
|
$ |
271 |
|
|
$ |
606 |
|
|
$ |
528 |
|
Amortization expense: |
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|
|
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Steel mills |
|
$ |
2 |
|
|
$ |
2 |
|
|
$ |
4 |
|
|
$ |
4 |
|
Steel products |
|
|
54 |
|
|
|
52 |
|
|
|
110 |
|
|
|
102 |
|
Raw materials |
|
|
7 |
|
|
|
7 |
|
|
|
14 |
|
|
|
14 |
|
|
|
$ |
63 |
|
|
$ |
61 |
|
|
$ |
128 |
|
|
$ |
120 |
|
Capital expenditures: |
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|
|
|
|
|
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|
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Steel mills |
|
$ |
552 |
|
|
$ |
614 |
|
|
$ |
1,161 |
|
|
$ |
1,015 |
|
Steel products |
|
|
156 |
|
|
|
119 |
|
|
|
310 |
|
|
|
218 |
|
Raw materials |
|
|
118 |
|
|
|
105 |
|
|
|
236 |
|
|
|
232 |
|
Corporate |
|
|
39 |
|
|
|
11 |
|
|
|
79 |
|
|
|
43 |
|
|
|
$ |
865 |
|
|
$ |
849 |
|
|
$ |
1,786 |
|
|
$ |
1,508 |
|
|
|
|
|
|
|
|
|
|
|
|
July 5, 2025 |
|
|
December 31, 2024 |
|
Segment assets: |
|
|
|
|
|
|
Steel mills |
|
$ |
17,744 |
|
|
$ |
16,582 |
|
Steel products |
|
|
11,699 |
|
|
|
11,235 |
|
Raw materials |
|
|
3,848 |
|
|
|
3,656 |
|
Corporate/eliminations |
|
|
926 |
|
|
|
2,467 |
|
|
|
$ |
34,217 |
|
|
$ |
33,940 |
|
|
| Schedule of Net Sale by Product to External Customers |
Net sales by product for the second quarter and first six months of 2025 and 2024 were as follows (in millions). Further product group breakdown is impracticable.
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months (13 Weeks) Ended |
|
|
Six Months (26 Weeks) Ended |
|
|
|
July 5, 2025 |
|
|
June 29, 2024 |
|
|
July 5, 2025 |
|
|
June 29, 2024 |
|
Net sales to external customers: |
|
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|
|
|
|
|
|
|
|
|
|
Sheet |
|
$ |
2,476 |
|
|
$ |
2,396 |
|
|
$ |
4,685 |
|
|
$ |
5,106 |
|
Bar |
|
|
1,397 |
|
|
|
1,361 |
|
|
|
2,889 |
|
|
|
2,696 |
|
Structural |
|
|
694 |
|
|
|
559 |
|
|
|
1,338 |
|
|
|
1,170 |
|
Plate |
|
|
686 |
|
|
|
542 |
|
|
|
1,248 |
|
|
|
1,054 |
|
Tubular Products |
|
|
380 |
|
|
|
345 |
|
|
|
744 |
|
|
|
713 |
|
Rebar Fabrication |
|
|
487 |
|
|
|
462 |
|
|
|
895 |
|
|
|
875 |
|
Joist & Deck |
|
|
564 |
|
|
|
598 |
|
|
|
1,062 |
|
|
|
1,197 |
|
Building Systems |
|
|
337 |
|
|
|
361 |
|
|
|
615 |
|
|
|
675 |
|
Other Steel Products |
|
|
889 |
|
|
|
937 |
|
|
|
1,746 |
|
|
|
1,760 |
|
Raw Materials |
|
|
546 |
|
|
|
516 |
|
|
|
1,064 |
|
|
|
968 |
|
|
|
$ |
8,456 |
|
|
$ |
8,077 |
|
|
$ |
16,286 |
|
|
$ |
16,214 |
|
|