Nucor Sets New Profit Record in the First Quarter

Nucor posted its best quarter ever with net earnings of $942.4 million in first-quarter 2021. Net sales soared 33% to $7.02 billion in the quarter on higher steel prices and shipments.

“The first quarter of 2021 was the most profitable quarter in our company’s history. We are clearly reaping the rewards from our prior investments and the more strategic approaches we are taking to our key end-use markets,” said Nucor President and CEO Leon Topalian in his quarterly report to analysts and investors on Thursday. “It is gratifying to see such strong performance across all of Nucor.”