Nucor (NUE) Q4 2025 (USD): Adj. EPS 1.73 (exp. 1.91), Revenue 7.69bln (exp. 7.91bln); expects earnings increase in Q1 2026

• Earnings in Q1 expected to increase across all three of our operating segments, with the largest increase in the steel mills segment.
• Raw materials segment is expected to have increased earnings in Q1 2026.

Nucor's Q4 results missed expectations for EPS and revenue, which might initially pressure the stock as it reflects weaker-than-anticipated performance. However, the positive guidance for Q1 2026, particularly in the steel mills segment, indicates potential recovery and growing demand, suggesting a likely rebound in earnings. This dual narrative may create mixed sentiment in the markets, especially within the equities and commodities sectors tied to steel production.