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) announced plans to invest $164 million in a new tube mill in the Midwest, the largest market for steel products in the U.S. This facility aims to produce approximately 250,000 tons of hollow structural section tubing, mechanical steel tubing, and galvanized solar torque tube. Expected to commence operations in two years, the mill builds on prior investments in the region, enhancing Nucor's position as a low-cost steel producer. This move supports growing demand in construction, infrastructure, and renewable energy, particularly solar, reinforcing Nucor's commitment to sustainability.
Nucor Corporation (NYSE: NUE) announced plans to establish a third TrueCore manufacturing facility in Brigham City, Utah, covering 120,000 square feet. This facility aims to produce insulated wall and roof panels using advanced technology and is expected to become operational in 2022, creating 50 jobs. The expansion will enhance Nucor's capacity and improve service to customers in the western U.S. and Canadian markets. The facility, contingent on tax incentives, joins Nucor's existing operations in Utah as part of its strategy to broaden value-added product offerings.
Nucor Corporation (NYSE: NUE) announced a quarterly cash dividend of $0.405 per share, reflecting its ongoing commitment to returning value to shareholders. This marks Nucor's 192nd consecutive quarterly cash dividend. The dividend will be payable on May 11, 2021, to stockholders of record as of March 31, 2021. Nucor is recognized as North America's largest recycler, manufacturing a diverse range of steel products across the U.S., Canada, and Mexico.
Nucor Corporation (NYSE: NUE) announced it anticipates record earnings exceeding $900 million for Q1 2021, driven by strong demand across markets. The company's sheet, plate, bar, and structural mills forecast increased profitability over Q4 2020, aided by rising prices and shipment volumes. The raw materials segment is also expected to improve due to higher prices. Despite the positive outlook, the company warned that actual results may vary due to factors such as competitive pressures and market demand.
Nucor Corporation (NYSE: NUE) reported Q4 2020 net earnings of $398.8 million, or $1.30 per diluted share, a significant increase from $193.4 million in Q3 2020 and $107.8 million in Q4 2019. Full-year earnings totaled $721.5 million, down from $1.27 billion in 2019. Notable expenses included a $314.2 million non-operational item affecting earnings. Nucor ended Q4 with $3.16 billion in cash, maintaining a strong financial position. The first quarter of 2021 is expected to show increased profitability, driven by strong demand in key markets.
Nucor invites stakeholders to its Fourth Quarter Conference Call on January 28, 2021, at 2 p.m. Eastern Time, to discuss financial results for Q4 2020. Hosted by Leon Topalian, CEO, the call will include a comprehensive review followed by a Q&A session. For those unable to attend live, the archived call will be accessible on Nucor's website. Nucor, a leader in steel manufacturing in North America, emphasizes sustainability through its substantial recycling operations.
Nucor Corporation (NYSE: NUE) announced the retirement of Executive Vice President Craig A. Feldman after 35 years with the company, effective June 2021. Feldman has had a significant impact on Nucor’s raw materials strategy since joining DJJ in 1986. Following his retirement, Daniel R. Needham will be promoted to Executive Vice President of Bar and Rebar Fabrication Products on February 1, 2021, having demonstrated strong leadership since joining Nucor in 2000. This transition follows Nucor's strategic succession planning initiatives.
Nucor (NYSE: NUE) invites stakeholders to its fourth quarter earnings conference call scheduled for January 28, 2021, at 2 p.m. Eastern Time. The call will feature a review of Nucor's financial results for the quarter ending December 31, 2020, led by President and CEO Leon Topalian. Participants can access the call via the web at this link. An archived version of the call will be available on Nucor's website for those unable to attend live.
Nucor Corporation (NYSE: NUE) announced the election of David A. Sumoski as Chief Operating Officer, effective January 1, 2021. Sumoski, who joined Nucor in 1995, has held various leadership roles within the company. Additional promotions include MaryEmily Slate to Executive Vice President of Commercial, K. Rex Query to Executive Vice President of Sheet and Tubular Products, Douglas J. Jellison to Executive Vice President overseeing The David J. Joseph Company and Logistics, and Gregory J. Murphy to Executive Vice President of Business Services and General Counsel. These changes aim to enhance Nucor’s operational effectiveness.
Nucor Corporation (NYSE: NUE) announced the results of its Exchange Offers, which expired on December 16, 2020. Eligible Holders could exchange existing debt securities for new 2.979% Notes due 2055 and cash. By the Early Participation Deadline, $439,153,000 in notes were accepted. After the expiration, an additional $100,000 of 2037 Notes and $64,000 of 2043 Notes were tendered. Settlement for these notes is expected on December 18, 2020. The newly issued notes come as the company continues to manage its debt obligations effectively.
