| Segments |
Nucor’s results by segment for the second quarter and first six months of 2026 and 2025 were as follows (in millions):
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Three Months (13 Weeks) Ended |
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July 4, 2026 |
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|
Steel Mills |
|
|
Steel Products |
|
|
Raw Materials |
|
|
Totals |
|
Sales |
|
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|
|
|
|
|
|
|
|
|
|
Net sales to external customers |
|
$ |
6,481 |
|
|
$ |
3,105 |
|
|
$ |
811 |
|
|
$ |
10,397 |
|
Intercompany sales |
|
|
1,493 |
|
|
|
185 |
|
|
|
3,339 |
|
|
|
5,017 |
|
Total Sales |
|
|
7,974 |
|
|
|
3,290 |
|
|
|
4,150 |
|
|
|
15,414 |
|
Reconciliation of Sales |
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|
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|
|
|
|
|
|
|
Elimination of intercompany sales |
|
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|
|
|
|
|
|
|
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|
(5,017 |
) |
Net sales to external customers |
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|
|
|
|
|
|
|
|
|
|
10,397 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
6,388 |
|
|
|
2,842 |
|
|
|
3,981 |
|
|
|
13,211 |
|
Other segment items |
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|
30 |
|
|
|
95 |
|
|
|
23 |
|
|
|
148 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
1,556 |
|
|
|
353 |
|
|
|
146 |
|
|
|
2,055 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
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|
|
|
|
|
|
|
|
|
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Corporate/eliminations |
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|
|
|
|
|
|
|
|
|
|
(430 |
) |
Earnings before income taxes and noncontrolling interests |
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|
|
|
|
|
|
|
|
$ |
1,625 |
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Six Months (26 Weeks) Ended |
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July 4, 2026 |
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|
Steel Mills |
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|
Steel Products |
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|
Raw Materials |
|
|
Totals |
|
Sales |
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|
|
|
|
|
|
|
|
|
|
|
Net sales to external customers |
|
$ |
12,517 |
|
|
$ |
5,891 |
|
|
$ |
1,485 |
|
|
$ |
19,893 |
|
Intercompany sales |
|
|
2,928 |
|
|
|
417 |
|
|
|
6,426 |
|
|
|
9,771 |
|
Total Sales |
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|
15,445 |
|
|
|
6,308 |
|
|
|
7,911 |
|
|
|
29,664 |
|
Reconciliation of Sales |
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|
|
|
|
|
|
|
|
|
|
|
Elimination of intercompany sales |
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|
|
|
|
|
|
|
|
|
|
(9,771 |
) |
Net sales to external customers |
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|
|
|
|
|
|
|
|
|
|
19,893 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
12,709 |
|
|
|
5,502 |
|
|
|
7,657 |
|
|
|
25,868 |
|
Other segment items |
|
|
52 |
|
|
|
177 |
|
|
|
63 |
|
|
|
292 |
|
Segment earnings before income taxes and noncontrolling interests |
|
|
2,684 |
|
|
|
629 |
|
|
|
191 |
|
|
|
3,504 |
|
Reconciliation of earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
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Corporate/eliminations |
|
|
|
|
|
|
|
|
|
|
|
(783 |
) |
Earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
$ |
2,721 |
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|
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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 |
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|
Raw Materials |
|
|
Totals |
|
Sales |
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|
|
|
|
|
|
|
|
|
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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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|
|
|
|
|
|
|
|
|
|
|
Elimination of intercompany sales |
|
|
|
|
|
|
|
|
|
|
|
(4,309 |
) |
Net sales to external customers |
|
|
|
|
|
|
|
|
|
|
|
8,456 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
5,727 |
|
|
|
2,328 |
|
|
|
3,262 |
|
|
|
11,317 |
|
Other segment items |
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate/eliminations |
|
|
|
|
|
|
|
|
|
|
|
(393 |
) |
Earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
$ |
899 |
|
|
|
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|
Six Months (26 Weeks) Ended |
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|
July 5, 2025 |
|
|
|
Steel Mills |
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|
Steel Products |
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|
Raw Materials |
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|
Totals |
|
Sales |
|
|
|
|
|
|
|
|
|
|
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|
Net sales to external customers |
|
$ |
10,160 |
|
|
$ |
5,062 |
|
|
$ |
1,064 |
|
|
$ |
16,286 |
|
Intercompany sales |
|
|
2,434 |
|
|
|
298 |
|
|
|
5,527 |
|
|
|
8,259 |
|
Total Sales |
|
|
12,594 |
|
|
|
5,360 |
|
|
|
6,591 |
|
|
|
24,545 |
|
Reconciliation of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
Elimination of intercompany sales |
|
|
|
|
|
|
|
|
|
|
|
(8,259 |
) |
Net sales to external customers |
|
|
|
|
|
|
|
|
|
|
|
16,286 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
11,470 |
|
|
|
4,557 |
|
|
|
6,466 |
|
|
|
22,493 |
|
Other segment items |
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate/eliminations |
|
|
|
|
|
|
|
|
|
|
|
(656 |
) |
Earnings before income taxes and noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
$ |
1,184 |
|
|
|
|
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Three Months (13 Weeks) Ended |
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|
Six Months (26 Weeks) Ended |
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|
July 4, 2026 |
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|
July 5, 2025 |
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|
July 4, 2026 |
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|
July 5, 2025 |
|
Depreciation expense: |
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Steel mills |
|
$ |
213 |
|
|
$ |
197 |
|
|
$ |
426 |
|
|
$ |
404 |
|
Steel products |
|
|
55 |
|
|
|
46 |
|
|
|
109 |
|
|
|
86 |
|
Raw materials |
|
|
46 |
|
|
|
54 |
|
|
|
94 |
|
|
|
105 |
|
Corporate |
|
|
6 |
|
|
|
6 |
|
|
|
12 |
|
|
|
11 |
|
|
|
$ |
320 |
|
|
$ |
303 |
|
|
$ |
641 |
|
|
$ |
606 |
|
Amortization expense: |
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|
|
|
|
|
|
|
|
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|
Steel mills |
|
$ |
1 |
|
|
$ |
2 |
|
|
$ |
3 |
|
|
$ |
4 |
|
Steel products |
|
|
54 |
|
|
|
54 |
|
|
|
108 |
|
|
|
110 |
|
Raw materials |
|
|
8 |
|
|
|
7 |
|
|
|
15 |
|
|
|
14 |
|
|
|
$ |
63 |
|
|
$ |
63 |
|
|
$ |
126 |
|
|
$ |
128 |
|
Capital expenditures: |
|
|
|
|
|
|
|
|
|
|
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Steel mills |
|
$ |
413 |
|
|
$ |
552 |
|
|
$ |
853 |
|
|
$ |
1,161 |
|
Steel products |
|
|
100 |
|
|
|
156 |
|
|
|
230 |
|
|
|
310 |
|
Raw materials |
|
|
42 |
|
|
|
118 |
|
|
|
90 |
|
|
|
236 |
|
Corporate |
|
|
38 |
|
|
|
39 |
|
|
|
74 |
|
|
|
79 |
|
|
|
$ |
593 |
|
|
$ |
865 |
|
|
$ |
1,247 |
|
|
$ |
1,786 |
|
|
|
|
|
|
|
|
|
|
|
|
July 4, 2026 |
|
|
December 31, 2025 |
|
Segment assets: |
|
|
|
|
|
|
Steel mills |
|
$ |
19,525 |
|
|
$ |
18,354 |
|
Steel products |
|
|
12,031 |
|
|
|
11,770 |
|
Raw materials |
|
|
4,332 |
|
|
|
4,013 |
|
Corporate/eliminations |
|
|
1,066 |
|
|
|
967 |
|
|
|
$ |
36,954 |
|
|
$ |
35,104 |
|
|
| Schedule of Net Sale by Product to External Customers |
Net sales by product for the second quarter and first six months of 2026 and 2025 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 4, 2026 |
|
|
July 5, 2025 |
|
|
July 4, 2026 |
|
|
July 5, 2025 |
|
Net sales to external customers: |
|
|
|
|
|
|
|
|
|
|
|
|
Sheet |
|
$ |
2,916 |
|
|
$ |
2,476 |
|
|
$ |
5,707 |
|
|
$ |
4,685 |
|
Bar |
|
|
1,862 |
|
|
|
1,397 |
|
|
|
3,551 |
|
|
|
2,889 |
|
Structural |
|
|
847 |
|
|
|
694 |
|
|
|
1,700 |
|
|
|
1,338 |
|
Plate |
|
|
856 |
|
|
|
686 |
|
|
|
1,559 |
|
|
|
1,248 |
|
Tubular Products |
|
|
599 |
|
|
|
380 |
|
|
|
1,127 |
|
|
|
744 |
|
Rebar Fabrication |
|
|
569 |
|
|
|
487 |
|
|
|
1,048 |
|
|
|
895 |
|
Joist & Deck |
|
|
483 |
|
|
|
564 |
|
|
|
938 |
|
|
|
1,062 |
|
Building Systems |
|
|
352 |
|
|
|
337 |
|
|
|
688 |
|
|
|
615 |
|
Other Steel Products |
|
|
1,102 |
|
|
|
889 |
|
|
|
2,090 |
|
|
|
1,746 |
|
Raw Materials |
|
|
811 |
|
|
|
546 |
|
|
|
1,485 |
|
|
|
1,064 |
|
|
|
$ |
10,397 |
|
|
$ |
8,456 |
|
|
$ |
19,893 |
|
|
$ |
16,286 |
|
|