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 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.
Nucor Corporation (NYSE: NUE) reported record second quarter consolidated net earnings of $1.51 billion, or $5.04 per diluted share, marking a significant increase from $942.4 million in Q1 2021 and $108.9 million in Q2 2020. For the first half of 2021, earnings reached $2.45 billion, or $8.13 per diluted share, surpassing its full year record of $7.42 set in 2018. Overall sales increased 25% to $8.79 billion compared to Q1 2021, driven by strong demand across steel markets. Nucor expects to break its quarterly earnings record again in Q3 2021.
Nucor (NYSE: NUE) will host a live conference call on July 22, 2021, at 2 p.m. Eastern Time to discuss its second quarter earnings ending July 3, 2021. The event, led by President and CEO Leon Topalian, will review Nucor's financial performance and include a Q&A session. Investors can access the live call via the Nucor website or through a provided link. An archived version will be available for those unable to attend live. Nucor is known as North America's largest recycler and a significant manufacturer of various steel products.
Nucor Corporation (NYSE: NUE) has agreed to acquire Hannibal Industries, Inc. for $370 million, valuing the deal at 6.9x EBITDA based on the trailing-twelve months ending March 2021. Hannibal Industries is a leading provider of racking solutions for various sectors, enhancing Nucor's reach in the warehouse channel. The acquisition aims to complement Nucor's existing product capabilities and increase market leadership. The transaction is pending necessary approvals, buying 100% of Hannibal's shares from its ESOP.
Nucor Corporation (NYSE: NUE) announced ambitious greenhouse gas (GHG) emissions reduction goals, targeting a 35% decrease in Scope 1 and Scope 2 emissions intensity by 2030, based on a 2015 baseline. Nucor currently emits 0.47 tons of CO2 per ton of steel, significantly lower than the global average of 1.69 tons. The company aims to reach 0.38 tons by 2030, while also addressing Scope 3 emissions. As North America’s largest recycler, Nucor continues to invest in renewable energy and new recycled steel facilities, strengthening its position as a leader in sustainable steel production.
Nucor invites participants to its second quarter earnings conference call on July 22, 2021, at 2 p.m. Eastern Time, hosted by President and CEO Leon Topalian. The call will cover results for the quarter ending July 3, 2021, followed by a Q&A session. Interested parties can access the call via the provided links. If unable to join live, an archived version will be available on Nucor's website.
Nucor Corporation (NYSE: NUE) has been awarded the General Motors Supplier of the Year for the third consecutive year during a virtual ceremony. Nucor is the only electric arc furnace steelmaker to receive this honor. The award recognizes suppliers based on criteria including product purchasing, customer care, and logistics. Nucor's President, Leon Topalian, expressed gratitude towards GM, emphasizing their strong partnership amid the challenges presented by the pandemic. This accolade highlights Nucor's commitment to sustainability and innovation in the manufacturing industry.
Nucor Corporation (NYSE: NUE) anticipates record-breaking earnings for Q2 2021, estimating earnings between $4.60 and $4.70 per diluted share, exceeding the previous record of $3.10 in Q1 2021. The steel mills and steel products segments are projected to show strong profitability due to high demand and rising prices. However, an estimated $42 million non-cash impairment charge will impact earnings. Nucor has repurchased 6.7 million shares this quarter, returning over $1.10 billion to shareholders in 2021.
Nucor Corporation (NYSE: NUE) announced a quarterly cash dividend of $0.405 per share, reflecting its commitment to returning value to shareholders. This dividend, marking the 193rd consecutive payment, is scheduled for August 11, 2021, to stockholders on record by June 30, 2021. Nucor, a leading manufacturer of steel products, operates in the U.S., Canada, and Mexico, producing a wide range of steel products and functioning as North America's largest recycler.
Nucor Corporation (NYSE: NUE) announced its acquisition of Cornerstone Building Brands' insulated metal panels (IMP) business for $1 billion, effectively $900 million after tax benefits. This strategic move aims to expand Nucor's product offerings in the growing non-residential market, particularly in energy-efficient IMP solutions. The transaction, expected to close later this year, enhances Nucor's strong financial position and integrates seven manufacturing facilities across North America. The demand for IMP products is projected to grow at double-digit rates, driven by trends in e-commerce and data center expansions.
