Nucor sees Q1 adjusted EPS well below consensus; decrease stems largely from lower average selling prices and lower margins (129.50 -1.55)
- Co issues downside guidance for Q1 (Mar), sees EPS of $0.50-0.60, excluding non-recurring items, vs. $1.06 FactSet Consensus.
- Co added, "We expect earnings in the steel mills segment in the first quarter of 2025 to be in line with the fourth quarter of 2024. We expect earnings in the steel products segment to decrease in the first quarter of 2025 as compared to the fourth quarter of 2024 due primarily to lower average selling prices. The earnings of the raw materials segment are expected to decrease in the first quarter of 2025 as compared to the fourth quarter of 2024 due to lower margins at our DRI facilities. We expect higher corporate, administrative and tax impacts in the first quarter of 2025 than recognized in the fourth quarter of 2024."