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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 Corporation (NYSE: NUE) has authorized a new share repurchase program of up to $3.00 billion, replacing the previous $2.00 billion plan. Approximately $1.55 billion of stock was repurchased under the former program since its inception in 2018. The company will conduct buybacks in the open market or through private transactions, with no expiration date for the new authorization. The timing and amount will depend on market conditions and share price.
Nucor Corporation (NYSE: NUE) announced a $58 million investment to upgrade its engineered bar mill in Nebraska, enhancing production capabilities for the automotive sector. The project includes a new reheat furnace and increased surface quality for engineered bar products, expected to be operational by Q4 2022. This upgrade aims to align product offerings with customer demand, further diversifying supply while reinforcing Nucor's leadership in the engineered bar market. The Nebraska facility has been operational since 1973, employing 500 workers.
Nucor Corporation (NYSE: NUE) reported a record quarterly consolidated net earnings of $942.4 million, or $3.10 per diluted share, for Q1 2021, significantly up from $398.8 million in Q4 2020 and $20.3 million in Q1 2020. Consolidated net sales rose 33% to $7.02 billion compared to Q4 2020. The company expects Q2 2021 earnings to surpass Q1 results, driven by improved pricing and solid demand across key markets. Nucor repurchased 5.4 million shares at an average price of $56.11 per share, maintaining a strong financial position with $2.98 billion in cash and equivalents.
Nucor invites stakeholders to its live conference call on April 22, 2021, at 2 p.m. Eastern Time, to discuss its first quarter earnings results ending April 3, 2021. The call, hosted by President and CEO Leon Topalian, will include a review of financial performance and a Q&A session. Participants can access the call via the Nucor website or through the provided link. An archive of the conference will also be available post-event. Nucor is a leading manufacturer of steel and steel products across North America.
Nucor Corporation (NYSE: NUE) announced the retirement of Raymond S. Napolitan, Jr., Executive Vice President of Engineered Bar Products and Digital, effective June 5, 2021. With 25 years at Nucor, Napolitan has significantly impacted the company's growth and profitability. He began his career in 1996, taking on various leadership roles, including President of American Buildings Company. Nucor's President and CEO, Leon Topalian, praised Napolitan's dedication to safety and leadership. A succession plan will be disclosed at a later date.
Nucor (NYSE: NUE) will conduct a live conference call on April 22, 2021, at 2 p.m. Eastern Time to discuss its first quarter earnings ending April 3, 2021. The call will be hosted by President and CEO Leon Topalian and will include a review of the quarterly performance followed by a Q&A session. Interested parties can access the live event via the company’s website or the provided webcast link. An archived version will also be available on Nucor's website for those unable to attend the live session.
Nucor Corporation (NYSE: NUE) will invest $164 million to build a new tube mill at its Gallatin site in Kentucky. This project, expected to start operations by mid-2023, will create over 70 new jobs and enhance Nucor's capacity for hollow structural section (HSS) steel tubing and galvanized products, producing approximately 250,000 tons annually. The new facility is strategically located near expanding solar markets and key HSS consumption areas, further solidifying Nucor's position in the construction and renewable energy sectors.
Nucor Corporation (NYSE: NUE) has signed a 10-year Virtual Power Purchase Agreement (VPPA) with Ørsted for 100 megawatts from the Western Trail wind farm in Texas. This agreement, Nucor's second VPPA, complements a previous deal with EDFR Renewables for a 250-megawatt solar project in Texas. These initiatives aim to support renewable power generation 24/7, enhancing Nucor's sustainability efforts. Ørsted's WTW project is under construction and will utilize Nucor steel, contributing to its resilience during severe weather events.
Nucor Corporation (NYSE: NUE) has announced expectations for record earnings in the first quarter of 2021, projecting earnings between $3.00 and $3.10 per share. This will surpass the previous record from 2008. Strong demand and higher prices across all segments, especially in the steel mills division, are driving profitability. Nucor is also actively repurchasing shares, with 5.4 million shares bought back at an average price of $56.11. The company anticipates exceeding $4.5 billion in liquidity.