Welcome to our dedicated page for Nucor news (Ticker: NUE), a resource for investors and traders seeking the latest updates and insights on Nucor stock.
Nucor Corporation (NUE) maintains its position as North America's largest steel producer through integrated recycling processes and diversified manufacturing operations. This page provides investors and industry professionals with centralized access to official press releases, financial updates, and strategic developments.
Track critical announcements including quarterly earnings reports, sustainability initiatives, and operational expansions. Our curated collection ensures timely updates on steel production innovations, raw material sourcing strategies, and market leadership in recycled steel applications.
Discover updates across Nucor's core segments: steel mill operations, fabricated product innovations, and raw material supply chain developments. Additional coverage includes strategic partnerships in data center infrastructure and commercial building solutions that leverage the company's material expertise.
Bookmark this page for direct access to Nucor's verified corporate communications and analysis of manufacturing trends impacting the steel industry. Regular updates provide insights into operational efficiencies and market positioning within the industrial materials sector.
Nucor Corporation (NYSE: NUE) has acquired Elite Storage Solutions, a steel racking manufacturer, for $75 million. This strategic acquisition enhances Nucor's steel racking capabilities and complements its previous acquisition of Hannibal Industries. Elite Storage Solutions, with 180 employees in Georgia and Arizona, will enable Nucor to better serve its nationwide customers, particularly in thriving markets such as e-commerce and data centers. The acquisition provides logistical advantages and access to new customer bases, further solidifying Nucor's market position in the steel industry.
Nucor Corporation (NYSE: NUE) has announced it will redeem all $500 million of its 4.000% Notes due August 1, 2023, with a redemption date set for April 25, 2022. Holders will receive either 100% of the principal or the present value of remaining payments, plus accrued interest. This action will be funded by proceeds from a recent note offering. Following the redemption date, interest on the Notes will cease, and they will no longer be outstanding. This press release serves as informational and does not constitute an offer to sell or buy the Notes.
Nucor Corporation (NYSE: NUE) has been awarded the GM Supplier of the Year for the fourth consecutive year, alongside the GM Overdrive Award for their collaboration on Econiq™, a line of net-zero carbon steel products. The awards highlight Nucor's strong partnership with GM, particularly under challenging steel supply conditions. Nucor stands out as the only electric arc furnace steelmaker to receive the Supplier of the Year distinction. GM's awards focus on sustainability, performance, and innovation, with Nucor positioned to support GM's net-zero carbon goals.
Nucor Corporation (NYSE: NUE) anticipates record first quarter earnings between $7.20 and $7.30 per diluted share, compared to $7.97 in Q4 2021 and $3.10 in Q1 2021. The steel mill segment is expected to see a decrease in earnings due to reduced profitability in sheet mills, despite strong demand. The steel products segment may see increased earnings, driven by strong nonresidential construction demand. Nucor has repurchased approximately 4.3 million shares at an average of $115.35.
Nucor Corporation (NYSE: NUE) announced the retirement of CFO Jim Frias effective June 11, 2022, with Steve Laxton set to succeed him. Frias, who has been with Nucor since 1991 and CFO since 2010, played a key role in achieving record performance in 2021, including over $10 billion returned to shareholders through dividends and repurchases. Laxton, with 19 years at Nucor, is recognized for his strategic thinking and financial expertise. The transition reflects Nucor's commitment to succession planning for stable leadership.
Nucor Corporation (NYSE: NUE) has declared a quarterly cash dividend of $0.50 per share, marking its 196th consecutive quarterly dividend. The dividend is payable on May 11, 2022 to stockholders of record by March 31, 2022. Nucor is recognized as North America's largest recycler and manufactures a wide range of steel and steel products across the U.S., Canada, and Mexico.
Nucor Corporation (NYSE: NUE) has completed its acquisition of a majority stake in California Steel Industries (CSI), purchasing a 50% equity interest for $400 million. CSI can produce over two million tons of finished steel annually, serving key sectors like construction and energy. Nucor's Executive VP, Rex Query, emphasized that this acquisition strengthens their presence in the Western U.S. and expands their range of sheet products. This strategic move is expected to enhance Nucor's competitiveness in the steel industry.
Nucor Corporation (NYSE: NUE) plans a $290 million investment to enhance its Crawfordsville, Indiana steel sheet mill by adding a construction-grade continuous galvanizing line and a prepaint line. This initiative is expected to create 80 jobs and will take approximately two years, contingent on various approvals. The new galvanizing line will have a capacity of 300,000 tons annually, while the prepaint line will produce 250,000 tons per year. This expansion supports Nucor's strategy to grow its steel business and enhance its prepaint capabilities.
Nucor Corporation (NYSE: NUE) reported consolidated net earnings of $2.25 billion ($7.97 per diluted share) for Q4 2021, up from $2.13 billion ($7.28 per diluted share) in Q3 2021 and $398.8 million ($1.30 per diluted share) in Q4 2020. Full-year earnings reached $6.83 billion ($23.16 per diluted share) compared to $721.5 million ($2.36 per diluted share) in 2020. Consolidated net sales increased 81% to $36.48 billion in 2021. Nucor announced a cash dividend of $0.50 per share, marking its 195th consecutive quarterly dividend. Looking ahead, Q1 2022 expects slightly lower earnings due to decreased profitability in the steel mills segment.
