# Nucor Corporation (NUE) - Current Events, Second Quarter of 2026 ## Filings that contain financial statements Nucor's quarterly earnings press releases are furnished as Exhibit 99.1 to Form 8-K and carry condensed consolidated statements of earnings, balance sheets, cash flow statements and segment data (unaudited, in millions). - Form 8-K filed July 27, 2026, accession 0001193125-26-318190: second quarter ended July 4, 2026. Three-month and six-month statements of earnings, balance sheet at July 4, 2026 against December 31, 2025, and six-month cash flow statement. - Form 8-K filed April 27, 2026, accession 0001193125-26-182332: first quarter ended April 4, 2026. Statements of earnings, balance sheet and cash flow statement. - Form 8-K filed January 26, 2026, accession 0001193125-26-022733: fourth quarter and full year ended December 31, 2025. Statements of earnings, balance sheet and cash flow statement. - Form 8-K filed October 27, 2025, accession 0001193125-25-251721: third quarter ended October 4, 2025 (earnings release; same format). - Form 8-K filed July 28, 2025, accession 0001193125-25-166550: second quarter ended July 5, 2025 (earnings release; same format). ## Earnings and outlook - **July 27, 2026 - second quarter results** (0001193125-26-318190). Net earnings attributable to Nucor stockholders were $1.16 billion, or $5.04 per diluted share, on net sales of $10.40 billion. Adjusted net earnings were $1.11 billion, or $4.84 per diluted share, after excluding a non-cash, pre-tax benefit of $61 million ($0.20 per share) from the increased value of Nucor's investment in Helion, a fusion energy company, following a capital financing round in the quarter. First quarter 2026 was $743 million ($3.23) and second quarter 2025 was $603 million ($2.60). Pre-tax earnings by segment: steel mills $1,556 million, steel products $353 million, raw materials $146 million. The steel mills result included a $130 million reduction to cost of products sold from cash refunds tied to prior periods' raw materials procurement costs. Management described a second consecutive quarterly record for steel mill shipments. - **Third quarter 2026 outlook** (same release). Management expects higher consolidated earnings: higher steel mills earnings on higher realized pricing with stable volumes, higher steel products earnings on volume and price, and lower raw materials earnings on lower margins. The investor presentation (Exhibit 99.2) adds that no further material benefit is expected from the raw material refunds. - **April 27, 2026 - first quarter results** (0001193125-26-182332). Net earnings attributable to Nucor stockholders were $743 million, or $3.23 per diluted share, against $378 million ($1.64; adjusted $400 million, $1.73) in the fourth quarter of 2025. The release guided to higher second quarter earnings in all three segments. - **January 26, 2026 - fourth quarter 2025 results** (0001193125-26-022733). Net earnings attributable to Nucor stockholders were $378 million ($1.64 per diluted share). Adjusted earnings of $400 million ($1.73) excluded impairment charges, including $21 million for closure or repurposing of certain steel products facilities and $6 million for non-current assets in steel mills. ## Capital returns and balance sheet - Second quarter 2026: Nucor repurchased about 1.53 million shares at an average $228.76 and returned about $479 million to stockholders through buybacks and dividends ($733 million in the first six months). Cash, equivalents and short-term investments were $2.69 billion; the $2.25 billion revolving credit facility was undrawn and runs to March 2030; ratings were A-/A-/A3 with stable outlooks (0001193125-26-318190). - Dividend: on June 9, 2026 the board declared $0.56 per share, payable August 11, 2026 to holders of record June 30, 2026, the 213th consecutive quarterly dividend (0001193125-26-318190). The prior declaration, February 20, 2026, was also $0.56 (212th), payable May 11, 2026 (0001193125-26-182332). - Buyback authorization: on February 20, 2026 the board approved a new program of up to $4.00 billion and terminated earlier programs; about $3.97 billion remained at April 4, 2026 (0001193125-26-182332). Roughly $406 million had remained under the prior program at December 31, 2025 (0001193125-26-022733). ## Management changes - **December 4, 2025** (0001193125-25-307550): Chief Financial Officer Stephen D. Laxton was named President and Chief Operating Officer effective January 1, 2026, with base salary raised to $1,000,000; Chief Operating Officer David A. Sumoski stepped down from that role January 1, 2026 and remained an Executive Vice President until retiring June 13, 2026. Leon Topalian continues as Chair and Chief Executive Officer. - **February 20, 2026** (0001193125-26-060448): John L. "Jack" Sullivan, previously Vice President, Treasurer and General Manager of Investor Relations, was elected Chief Financial Officer, Treasurer and Executive Vice President effective March 1, 2026, at a base salary of $680,000. An amendment filed February 27, 2026 (0001193125-26-079540) reports his executive employment agreement dated February 26, 2026. - **March 3, 2026** (0001193125-26-086912): Executive Vice President of Commercial Daniel R. Needham gave notice of retirement effective June 20, 2026. - **June 2, 2026** (Form 8-K/A, 0001193125-26-253839): Retirement agreement with Mr. Sumoski dated May 28, 2026, effective June 13, 2026, providing monthly payments of $308,850.56 for 24 months in exchange for a release and restrictive covenants. - **June 22, 2026** (Form 8-K/A, 0001193125-26-277574): Retirement agreement with Mr. Needham dated June 16, 2026, effective June 20, 2026, providing monthly payments of $254,972.34 for 24 months on the same basis. ## Shareholder meeting - **May 14, 2026 annual meeting** (filed May 19, 2026, 0001193125-26-230790): all eight director nominees were elected, and stockholders ratified PricewaterhouseCoopers LLP as the 2026 independent registered public accounting firm (191,045,084 votes for, 10,966,251 against) and approved, on an advisory basis, the 2025 named executive officer compensation (167,456,504 for, 7,237,903 against). ## Cybersecurity incident (2025, operations restored) - **May 14, 2025** (0001193125-25-119311): Nucor disclosed unauthorized third-party access to certain information technology systems and said it had temporarily halted certain production operations at various locations while restarting the affected operations. - **June 20, 2025 amendment** (0001193125-25-143135): Nucor reported that its investigation determined the threat actor exfiltrated limited data from its information technology systems, and that it was reviewing the impacted data and would make notifications to affected parties and regulators as required by law. It also reported affected production operations and applications had been restored, that it believed the threat actor no longer had access, and that the incident had not had, and was not reasonably likely to have, a material impact on operations, financial condition or results. ## Not found in SEC filings reviewed No Form 8-K in the period covers a signed or closed acquisition, a debt issuance or redemption, a stock split, or a guidance withdrawal. The July 27, 2026 release shows no acquisition spending in the six months ended July 4, 2026.