Nucor expects second-quarter results to be in the range of $2.05 to $2.10 per diluted share. This range is an increase compared to the first quarter of 2018 consolidated net earnings of $1.10 per diluted share and second quarter of 2017 earnings of $1.00 per diluted share.
Earnings in the second quarter of 2018 are expected to increase significantly compared to the first quarter of 2018. The performance of the steel mills segment is expected to be significantly improved in the second quarter of 2018 as compared to the first quarter of 2018 due to higher average selling prices and increased profitability across all steel mill product groups, with the strongest increase at its sheet mills.The company also expects increased profitability in its steel products segment and raw materials segment in the second quarter of 2018 as compared to the first quarter of 2018.
Finally Nucor believes the strong performance and profitability to continue through the remainder of the year.