STOCK TITAN

Nucor Corporation - NUE STOCK NEWS

Welcome to our dedicated page for Nucor Corporation news (Ticker: NUE), a resource for investors and traders seeking the latest updates and insights on Nucor Corporation stock.

Nucor Corporation (NYSE: NUE) is a leading manufacturer of steel and steel products headquartered in Charlotte, North Carolina. With operations spanning the United States, Canada, and Mexico, Nucor is North America's largest recycler, having recycled approximately 19.2 million tons of scrap steel in 2012 alone.

Nucor's core business segments include steel mills, steel products, and raw materials. The steel mills segment, which generates the majority of the company's revenue, produces carbon and alloy steel in sheet, bars, structural, and plate forms. Besides steel manufacturing, Nucor operates international trading companies that buy and sell steel products globally.

In 2023, Nucor reported consolidated net earnings of $4.52 billion and demonstrated strong financial performance with a commitment to returning capital to stockholders. The company maintains a robust cash position, with $6.73 billion in liquidity at the end of the third quarter of 2023.

Nucor has made strategic acquisitions to expand its market presence and capabilities. Notable acquisitions include Skyline Steel LLC, Southwest Data Products, and Rytec Corporation. These acquisitions enable Nucor to diversify its product offerings, such as high-performance commercial doors and data center infrastructure, while enhancing its core steelmaking business.

On the sustainability front, Nucor has introduced Econiq™-RE, a steel product made with 100% renewable energy, aligning with its commitment to reducing greenhouse gas emissions. This innovation supports strategic partnerships, like the one with Mercedes-Benz, to deliver lower-embodied carbon steel.

Nucor's forward-looking growth strategy emphasizes investment in new product lines, maintaining high safety standards, and leveraging its market position to capitalize on steel-intensive megatrends. The company's ongoing projects and financial health position it well for sustained success and resilience in the evolving steel industry.

Rhea-AI Summary

Nucor Corporation (NYSE: NUE) announced the acquisition of a coil processing facility in Shelbyville, Indiana, expanding its Nucor Fastener division. This facility features an automated clean and coat line, STC furnaces, and wire drawing capabilities. Approximately 33 jobs will be created initially, with potential to double. The addition of bolt-making equipment aims to enhance offerings for automotive and industrial markets. Nucor continues to prioritize sustainability, with its fasteners made from 97% recycled content, significantly reducing greenhouse gas emissions compared to traditional methods.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.75%
Tags
-
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
none
-
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) announced two acquisitions through The David J. Joseph Company, enhancing its recycling capacity by 10%. Advantage Metals Recycling acquired Grossman Iron and Steel in St. Louis, Missouri, expanding its facilities to twelve. Trademark Metals Recycling is set to purchase Garden Street Iron & Metal in Fort Myers, Florida, increasing its facilities to twenty-six. These strategic moves aim to bolster Nucor's regional recycling platforms, aligning with its growth strategy to support rising steelmaking capacity along key river systems.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) announced plans to build a $100 million melt shop at an existing bar mill in the Western United States, aimed at producing 600,000 tons of steel annually. This project will create approximately 140 new jobs and is expected to commence operations in 2024. The initiative is intended to bolster Nucor's market-leading position in steel bar production and address anticipated customer demand in the region. Nucor currently operates 15 bar mills across the U.S., with an annual production capacity of about 9.5 million tons.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
none
-
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) has announced plans to construct a new three-million-ton sheet mill, aiming to serve customers in the Midwest and Northeast. The mill is estimated to cost $2.7B and will feature advanced capabilities, including an automotive galvanizing line. This expansion aligns with Nucor's strategy for profitable growth and aims to enhance service quality while maintaining a lower carbon footprint compared to competitors. Construction is expected to take two years following necessary approvals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.64%
Tags
none
-
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) announced a quarterly cash dividend of $0.405 per share, payable on November 10, 2021. This marks Nucor's 194th consecutive quarterly cash dividend. The record date for stockholders is set for September 30, 2021. Nucor, headquartered in Charlotte, N.C., is a leading manufacturer of steel and steel products across North America, contributing significantly to the recycling industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.49%
Tags
dividends
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) anticipates record earnings for Q3 2021, estimating a range of $7.30 to $7.40 per diluted share, surpassing the previous record of $5.04 in Q2 2021. All segments are expected to see strong profitability, particularly the steel mills and products segments driven by higher selling prices. Nucor has repurchased 6.7 million shares at an average price of $105.58 this quarter, contributing to nearly $2.00 billion returned to shareholders through repurchases and dividends year-to-date.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) has completed the acquisition of Hannibal Industries, a leading provider of steel racking solutions, for $370 million. This transaction involved purchasing all outstanding shares from the Employee Stock Ownership Plan. The acquisition aims to enhance Nucor's ability to serve the growing warehouse and distribution market by adding steel racking to its portfolio. Nucor's President emphasized the strategic importance of this acquisition in meeting customer demands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
Tags
-
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) has appointed Norma B. Clayton as a director, effective September 1, 2021. Clayton, 63, brings a wealth of experience from her previous role as Vice President for Learning, Training, and Development at The Boeing Company, where she contributed significantly to business management and global supply chains. Her leadership experience spans various roles at Boeing, General Electric, General Motors, Lockheed Martin, and RCA. Nucor's executives are optimistic about her contributions to the board.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
Tags
management
Rhea-AI Summary

Nucor Corporation (NYSE: NUE) has completed the acquisition of Cornerstone Building Brands' insulated metal panels business for approximately $1 billion. The acquisition includes CENTRIA and Metl-Span brands, now part of Nucor's new Insulated Panel Group, which aims to enhance product offerings for high-end architectural applications and cold storage markets. This strategic move is expected to bolster Nucor's market position and expand its product range.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.58%
Tags

FAQ

What is the current stock price of Nucor Corporation (NUE)?

The current stock price of Nucor Corporation (NUE) is $116.58 as of December 20, 2024.

What is the market cap of Nucor Corporation (NUE)?

The market cap of Nucor Corporation (NUE) is approximately 27.6B.

What is Nucor Corporation's primary business?

Nucor Corporation is a leading manufacturer of steel and steel products, including carbon and alloy steel in sheet, bars, structural, and plate forms.

What are Nucor's core business segments?

Nucor's core business segments include steel mills, steel products, and raw materials.

How does Nucor contribute to sustainability?

Nucor offers Econiq™-RE, a steel product made with 100% renewable energy, to help reduce greenhouse gas emissions and support sustainable development.

What recent acquisitions has Nucor made?

Recent acquisitions include Skyline Steel LLC, Southwest Data Products, and Rytec Corporation, which expand Nucor’s product offerings and market presence.

How does Nucor support its financial health?

Nucor maintains a robust cash position and has a strong credit rating. The company focuses on strategic investments and returning capital to stockholders.

Who are Nucor's strategic partners?

Nucor partners with companies like Mercedes-Benz to supply low-embodied carbon steel and support sustainable supply chains.

What is Nucor's recycling achievement?

Nucor is North America's largest recycler and recycled approximately 19.2 million tons of scrap steel in 2012.

What is Nucor's market outlook for 2024?

Nucor expects solid performance in 2024 with ongoing investments in growth projects and a focus on sustaining high safety and financial standards.

What financial results did Nucor report in 2023?

Nucor reported consolidated net earnings of $4.52 billion for the full year 2023, with a strong cash position and robust return on equity.

Where can I find Nucor's latest financial announcements?

Nucor's latest financial announcements can be accessed via the Investor Relations section on the Nucor website.

Nucor Corporation

NYSE:NUE

NUE Rankings

NUE Stock Data

27.60B
233.22M
0.52%
79.51%
2.48%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
Link
United States of America
CHARLOTTE