Capital Allocation Strategy

The new mandate supersedes a program established in May 2023, under which Nucor successfully repurchased approximately $3.69 billion of its own shares. By refreshing the authorization, the board ensures the company maintains the flexibility to continue its buyback activity without interruption as it nears the limit of its former plan.

As of Oct. 4, 2025, the steel producer reported roughly 228.9 million shares outstanding. With a market capitalization currently exceeding $41 billion, this multi-billion dollar commitment represents a significant portion of Nucor’s equity, aimed at enhancing shareholder value through the reduction of total share count.

Repurchases under the new program may be conducted through open-market purchases or privately negotiated transactions. According to the company, the timing and volume of these buybacks will remain at the discretion of management, dictated by factors such as cash flow, prevailing market conditions, and alternative investment opportunities.