NUE · Nucor Q2 FY2026 earnings call record财报电话会记录

“During the quarter, we returned $479 million to Nucor shareholders through dividends and share buybacks, representing 41% of our net earnings.”

“While higher imports have absorbed some of that incremental demand, our backlogs are up significantly compared to prior years, and we expect that strength to carry into next year.”

“Throughout these businesses, we're seeing many of the same demand drivers as in our steel mill segment, with order visibility extending into 2027 for many products.”

“In the second quarter, Nucor generated net earnings of $1.2 billion, or $5.04 per share, exceeding the midpoint of our guidance range by $0.29.”

“Total debt as a percentage of capital sits at 23%, and our credit ratings remain the strongest of any North American steel producer.”

“During the quarter, we generated $829 million in free cash flow, our strongest quarter since 2023 as higher earnings drove improved cash from operations and CapEx moderated to $571 million.”

“We also returned $479 million to shareholders through dividends and share repurchases, an increase of more than $200 million from the first quarter and representing 41% of quarterly net earnings.”

“Looking forward, we expect free cash flow to continue to inflect higher as these growth projects come online and CapEx moderates.”

“With the broadest range of capabilities in the North American steel market, the Nucor team is well-positioned to create value for our customers and shareholders.”

“If we don't, then you're going to see a lot of money coming back in the form of dividends and share repurchases back to our shareholders.”

“For the recycling yards, it's a simple story of strong volumes with higher margins.”

“Again, what I would expect as we go into 2027, those demand drivers are going to still be very robust and just create a much better platform for this mill as it finds its way up to 50%, 60%, 70% utilization.”