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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 (NYSE: NUE) invites stakeholders to join its live conference call on January 27, 2022 at 2 p.m. Eastern Time, discussing its fourth quarter earnings for the period ending December 31, 2021. Hosted by Leon Topalian, the call will cover the company's performance and include a Q&A session. Participants can access the call via the company's website. Nucor is North America's largest recycler and produces a wide range of steel products across multiple countries. An archived version will be available on the website post-event.
Nucor Corporation (NYSE: NUE) has announced plans to construct a new sheet mill in Mason County, West Virginia, expected to cost approximately $2.7 billion. This facility will enhance Nucor's ability to serve key markets, producing three million tons of steel annually with advanced capabilities, including a 76-inch tandem cold mill and galvanizing lines. The project is anticipated to create around 800 jobs and is set to have a lower carbon footprint than competitors. Construction is projected to take two years, pending regulatory approvals.
Nucor (NYSE: NUE) will host its fourth quarter earnings conference call on January 27, 2022 at 2 p.m. Eastern Time. The call will feature a review of Nucor's results for the quarter ending December 31, 2021, followed by a Q&A session. Interested participants can listen live via webcast at the provided links. Nucor is a leading manufacturer of steel products, with operations across the U.S., Canada, and Mexico, and is recognized as North America's largest recycler.
Nucor Corporation (NYSE: NUE) expects fourth quarter earnings to reach between $7.65 and $7.75 per diluted share, marking the highest quarterly earnings in its history, surpassing the previous record of $7.28 set in Q3 2021. Despite lower volumes caused by seasonal factors, the steel mills segment remains strong, while the steel products segment is projected to increase earnings due to robust demand in nonresidential construction. Raw materials earnings may decline due to margin compression. Nucor has repurchased 13.5 million shares at an average price of $111.63 per share thus far.
Nucor Corporation (NYSE: NUE) has announced it will acquire a majority ownership stake in California Steel Industries (CSI) through a $400 million cash deal for 50% equity from Vale and 1% from JFE Steel. This acquisition enhances Nucor's presence in the West Coast sheet steel market, aiming to increase internal shipments and expand its product portfolio. CSI produces over two million tons of finished steel annually, serving key industries such as construction and energy. This will be Nucor's second joint venture with JFE, following a collaboration in Mexico.
Nucor Corporation (NYSE: NUE) announced the approval for a new rebar micro mill in the South Atlantic, marking its third facility of this kind. With a budget of $350 million and an annual capacity of 430,000 tons, the new mill aims to meet increasing rebar demand, particularly following the infrastructure spending bill. The company currently operates two other micro mills in Missouri and Florida, which opened in 2020. Nucor’s bar steel production capacity stands at approximately 9.5 million tons per year, serving various end markets across the U.S.
The Board of Directors of Nucor Corporation (NYSE: NUE) has announced a quarterly cash dividend increase to $0.50 per share, payable on February 11, 2022, to stockholders of record on December 31, 2021. This marks Nucor's 195th consecutive quarterly dividend and follows a tradition of annual increases for 49 years. Additionally, the company approved a new share repurchase program of up to $4.00 billion, replacing the previous $3.00 billion program, from which $2.33 billion had already been repurchased. Nucor has returned nearly $3.53 billion to stockholders year-to-date.
Nucor Corporation (NYSE: NUE) announced plans to add a blast and prime line to its new steel plate mill in Brandenburg, Kentucky. This addition will have an annual capacity of approximately 120,000 tons, enhancing the company's offerings for heavy plate products, especially for key markets such as military and infrastructure. The $1.7 billion investment is expected to create 400 jobs and will enable the mill to produce 97% of domestic plate products when it opens in Q4 2022.
Nucor Corporation (NYSE: NUE) reported record net earnings of $2.13 billion, or $7.28 per diluted share, for Q3 2021, up from $1.51 billion in Q2 2021 and $193.4 million in Q3 2020. Year-to-date, earnings reached $4.58 billion, significantly higher than $322.6 million in the same period last year. Consolidated net sales increased 17% to $10.31 billion compared to Q2 2021 and 109% compared to Q3 2020. The company repurchased 8.2 million shares and declared a cash dividend of $0.405 per share, marking its 194th consecutive quarterly dividend.
Nucor (NYSE: NUE) will host a live conference call for its third quarter earnings on October 21, 2021, at 2:00 p.m. Eastern Time. The call will provide an overview of its financial performance for the quarter ending on October 2, 2021, followed by a Q&A session. Interested participants can join the call via the provided web link. Additionally, an archive of the call will be available later on Nucor's website. Nucor is a leading steel manufacturer in North America, known for its extensive recycling operations and diverse metal products.