en.Wedoany.com Reported - U.S. steelmaker Nucor Corp. issued an earnings forecast, expecting diluted earnings per share between $4.70 and $4.80 for the second quarter of 2026, with an adjusted range of $4.50 to $4.60. This represents an increase of over 80% compared to the $2.60 per share in the same period last year, and a 47% rise from the first quarter's $3.23 per share.

Nucor stated that the quarterly outlook includes a non-operating gain of approximately $61 million (20 cents per share) related to an increase in the value of its investment in fusion energy company Helion, which completed a capital financing round this spring. From a core business perspective, earnings across Nucor's three operating segments are expected to show sequential growth.

Among them, the recycled scrap electric arc furnace (EAF) steel mill segment is expected to see the most significant profit growth, driven by higher average selling prices and stable volumes. The steel products segment is also expected to see earnings growth due to increased volumes and slightly higher average realized prices. The raw materials segment (including David J. Joseph's network of metal recycling facilities) is also expected to see earnings growth, driven by higher average realized prices.

Additionally, Nucor received approximately $130 million in cash refunds related to prior raw material procurement costs, which may be linked to U.S. government tariff refunds. The company plans to release its second-quarter earnings report on Monday, July 27, and hold a conference call the following day.

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