Nucor posted Q1 adjusted EPS $3.23, beating consensus $2.82, and revenue $9.5bn vs $8.88bn estimate, up 21% YoY.
Steel mills shipped 7.0 million tons, a 9% YoY increase and average selling price rose 12% to $1,279 per ton.
Nucor generated $1.51bn EBITDA, held $2.48bn cash, and repurchased ~0.7m shares at $175.19 each.
CEO Leon Topalian said demand, capital investments and trade policies underpin outlook, forecasting higher Q2 earnings with stable volumes and pricing.