| Segments |
Nucor’s results by segment for the first quarter of 2026 and 2025 were as follows (in millions):
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|
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Three Months (13 Weeks) Ended |
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|
April 4, 2026 |
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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 |
|
$ |
6,036 |
|
|
$ |
2,786 |
|
|
$ |
674 |
|
|
$ |
9,496 |
|
Intercompany sales |
|
|
1,435 |
|
|
|
232 |
|
|
|
3,087 |
|
|
|
4,754 |
|
Total Sales |
|
|
7,471 |
|
|
|
3,018 |
|
|
|
3,761 |
|
|
|
14,250 |
|
Reconciliation of Sales |
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|
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|
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|
|
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|
Elimination of intercompany sales |
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|
|
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|
(4,754 |
) |
Net sales to external customers |
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|
|
|
|
|
|
|
|
|
|
9,496 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
6,321 |
|
|
|
2,660 |
|
|
|
3,676 |
|
|
|
12,657 |
|
Other segment items |
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|
22 |
|
|
|
73 |
|
|
|
40 |
|
|
|
135 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
1,128 |
|
|
|
285 |
|
|
|
45 |
|
|
|
1,458 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
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Corporate/eliminations |
|
|
|
|
|
|
|
|
|
|
|
(362 |
) |
Earnings before income taxes and noncontrolling interests |
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|
|
|
|
|
|
|
|
|
$ |
1,096 |
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|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
Three Months (13 Weeks) Ended |
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|
April 5, 2025 |
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|
|
Steel Mills |
|
|
Steel Products |
|
|
Raw Materials |
|
|
Totals |
|
Sales |
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|
|
|
|
|
|
|
|
|
|
|
Net sales to external customers |
|
$ |
4,907 |
|
|
$ |
2,405 |
|
|
$ |
518 |
|
|
$ |
7,830 |
|
Intercompany sales |
|
|
1,074 |
|
|
|
150 |
|
|
|
2,726 |
|
|
|
3,950 |
|
Total Sales |
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|
5,981 |
|
|
|
2,555 |
|
|
|
3,244 |
|
|
|
11,780 |
|
Reconciliation of Sales |
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|
|
|
|
|
|
|
|
|
|
|
Elimination of intercompany sales |
|
|
|
|
|
|
|
|
|
|
|
(3,950 |
) |
Net sales to external customers |
|
|
|
|
|
|
|
|
|
|
|
7,830 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
5,743 |
|
|
|
2,229 |
|
|
|
3,204 |
|
|
|
11,176 |
|
Other segment items |
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|
7 |
|
|
|
38 |
|
|
|
11 |
|
|
|
56 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
231 |
|
|
|
288 |
|
|
|
29 |
|
|
|
548 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate/eliminations |
|
|
|
|
|
|
|
|
|
|
|
(263 |
) |
Earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
$ |
285 |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months (13 Weeks) Ended |
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|
April 4, 2026 |
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|
April 5, 2025 |
|
Depreciation expense: |
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|
|
|
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Steel mills |
|
$ |
213 |
|
|
$ |
207 |
|
Steel products |
|
|
54 |
|
|
|
40 |
|
Raw materials |
|
|
48 |
|
|
|
51 |
|
Corporate |
|
|
6 |
|
|
|
5 |
|
|
|
$ |
321 |
|
|
$ |
303 |
|
Amortization expense: |
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|
|
|
|
|
Steel mills |
|
$ |
2 |
|
|
$ |
2 |
|
Steel products |
|
|
54 |
|
|
|
56 |
|
Raw materials |
|
|
7 |
|
|
|
7 |
|
|
|
$ |
63 |
|
|
$ |
65 |
|
Capital expenditures: |
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|
|
|
|
|
Steel mills |
|
$ |
440 |
|
|
$ |
609 |
|
Steel products |
|
|
130 |
|
|
|
154 |
|
Raw materials |
|
|
48 |
|
|
|
118 |
|
Corporate |
|
|
36 |
|
|
|
40 |
|
|
|
$ |
654 |
|
|
$ |
921 |
|
|
|
|
|
|
|
|
|
|
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|
April 4, 2026 |
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|
December 31, 2025 |
|
Segment assets: |
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|
|
|
|
|
Steel mills |
|
$ |
18,777 |
|
|
$ |
18,354 |
|
Steel products |
|
|
11,940 |
|
|
|
11,770 |
|
Raw materials |
|
|
4,100 |
|
|
|
4,013 |
|
Corporate/eliminations |
|
|
818 |
|
|
|
967 |
|
|
|
$ |
35,635 |
|
|
$ |
35,104 |
|
|
| Schedule of Net Sale by Product to External Customers |
Net sales by product for the first quarter of 2026 and 2025 were as follows (in millions). Further product group breakdown is impracticable.
|
|
|
|
|
|
|
|
|
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|
Three Months (13 Weeks) Ended |
|
|
|
April 4, 2026 |
|
|
April 5, 2025 |
|
Net sales to external customers: |
|
|
|
|
|
|
Sheet |
|
$ |
2,791 |
|
|
$ |
2,209 |
|
Bar |
|
|
1,689 |
|
|
|
1,492 |
|
Structural |
|
|
853 |
|
|
|
644 |
|
Plate |
|
|
703 |
|
|
|
562 |
|
Tubular Products |
|
|
528 |
|
|
|
364 |
|
Rebar Fabrication |
|
|
479 |
|
|
|
408 |
|
Joist and Deck |
|
|
455 |
|
|
|
498 |
|
Building Systems |
|
|
336 |
|
|
|
278 |
|
Other Steel Products |
|
|
988 |
|
|
|
857 |
|
Raw Materials |
|
|
674 |
|
|
|
518 |
|
|
|
$ |
9,496 |
|
|
$ |
7,830 |
|
|