Nucor Corp ( NUE ) reported first-quarter financial results after the market close on Monday. Here’s what you need to know from the report.

Q1 Revenue: $7.83 billion, versus estimates of $7.23 billion

Q1 Adjusted EPS: 77 cents, versus estimates of 64 cents

Total revenue was down 4% on a year-over-year basis. The steel manufacturer said it shipped approximately 6.83 million tons to outside customers during the quarter. Average sales price per ton decreased 12% year-over-year, while total steel mill shipments increased 10% year-over-year.

Nucor ( NUE ) repurchased approximately 2.3 million shares at an average price of $133.17 per share in the quarter. The steel company had $806 million remaining on its buyback as of April 5. Nucor ( NUE ) ended the quarter with $4.06 billion in cash, cash equivalents and short-term investments on hand. 

“Despite recent financial market volatility, Nucor ( NUE ) is seeing solid demand for the steel and steel products we manufacture. Our healthy balance sheet and diverse product portfolio position us well, even in uncertain times,” said Leon Topalian, chair, president and CEO of Nucor ( NUE ).

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Outlook: Nucor ( NUE ) expects second-quarter earnings to increase across all three operating segments (steel mills, steel products and raw materials) compared to the first quarter.

The stock reaction is somewhat muted, likely due to the company already reporting preliminary results for the quarter in March. Executives will further discuss the quarter on a call with investors and analysts Tuesday morning at 10 a.m. ET.

NUE Price Action: Nucor ( NUE ) shares were up 1.02% after-hours, trading at $117.76 at the time of publication Monday, per Benzinga Pro.