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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) has announced its upcoming fourth quarter earnings conference call, scheduled for January 28, 2025, at 10:00 a.m. Eastern Time. The webcast will be hosted by Leon Topalian, Nucor's Chair, President and Chief Executive Officer, who will present the company's financial results for the quarter ended December 31, 2024, followed by a Q&A session.
The conference call will be accessible through two web addresses: https://app.webinar.net/P5Ybqp1y4rJ and https://nucor.com/. For those unable to attend the live webcast, an archived version will be available on Nucor's website.
Nucor operates steel manufacturing facilities across the United States, Canada, and Mexico, producing a diverse range of steel products including bars, beams, sheet, plate, tubing, electrical conduit, racking, piling, joists, deck, reinforcing steel, castings, fasteners, building systems, and more. Through The David J. Joseph Company, Nucor also engages in metal brokerage and scrap processing, maintaining its position as North America's largest recycler.
Nucor (NYSE: NUE) has announced plans to build its third utility structures production facility in Brigham City, Utah, with a $200 million investment that will create 200 full-time jobs. This facility joins two other facilities under construction in Decatur, Alabama, and Crawfordsville, Indiana.
The new Utah facility will be built on Nucor's existing campus and will feature highly automated operations and advanced hot-dip galvanizing capabilities. The strategic location aims to meet growing utility infrastructure demand in the western U.S., driven by distributed energy projects, data centers, and population growth.
The company expects to begin production at its Alabama and Indiana facilities in the first and second half of 2025, respectively. The Utah facility will receive plate and sheet products from Nucor steel mills via rail and will have a freight advantage compared to regional competitors.
Nucor (NYSE: NUE) has provided guidance for Q4 2024, projecting earnings between $0.55 to $0.65 per diluted share, down from $1.05 in Q3 2024 and $3.16 in Q4 2023. The decline is primarily attributed to decreased earnings in the steel mills segment due to lower volumes and average selling prices. The steel products segment also expects decreased earnings, while the raw materials segment anticipates improvement.
The company has repurchased approximately 2.1 million shares at $149.81 per share in Q4, bringing the year-to-date total to 13.1 million shares at $168.75 per share. Nucor has returned over $2.73 billion to stockholders through share repurchases and dividends year-to-date.
Nucor (NYSE: NUE) has announced an increase in its regular quarterly cash dividend to $0.55 per share, payable on February 11, 2025, to stockholders of record on December 31, 2024. This marks Nucor's 207th consecutive quarterly dividend and represents the company's 52nd consecutive year of dividend increases since initiating dividend payments in 1973.
The company operates steel manufacturing facilities across the United States, Canada, and Mexico, producing a wide range of steel products including bars, beams, sheet, plate, and various construction materials. As North America's largest recycler, Nucor also engages in metal brokerage and scrap processing through its subsidiaries.
Nucor (NYSE: NUE) reported consolidated net earnings of $249.9 million, or $1.05 per diluted share, for the third quarter of 2024. Excluding non-cash impairment charges, adjusted net earnings were $353.0 million, or $1.49 per diluted share. Net sales decreased 8% to $7.44 billion compared to Q2 2024 and 15% compared to Q3 2023.
The company shipped approximately 6,196,000 tons to outside customers, a 1% decrease from both Q2 2024 and Q3 2023. Steel mill shipments decreased 3% compared to Q2 2024. The average scrap and scrap substitute cost per gross ton used was $378, down 5% from Q2 2024.
Nucor expects Q4 2024 earnings to decrease compared to Q3 2024, primarily due to lower average selling prices and decreased volumes in the steel mills segment. The company repurchased approximately 2.5 million shares during Q3 2024 and declared a cash dividend of $0.54 per share.
Nucor (NYSE: NUE) has announced its upcoming third quarter earnings conference call for 2024. The call, scheduled for October 22, 2024, at 10:00 a.m. Eastern Time, will be hosted by Leon Topalian, Nucor's Chair, President and Chief Executive Officer. The event will be accessible via webcast at https://app.webinar.net/ZWOgBAkj1mJ or https://nucor.com/.
The conference call will cover Nucor's financial results for the third quarter ended September 28, 2024, followed by a Q&A session. For those unable to attend the live webcast, an archived version will be available at http://www.nucor.com.
Nucor is a leading manufacturer of steel and steel products with facilities across the United States, Canada, and Mexico. The company produces a wide range of products, including carbon and alloy steel, hollow structural section tubing, electrical conduit, and more. Nucor is also recognized as North America's largest recycler.
Nucor (NYSE: NUE) has announced its upcoming third quarter earnings conference call for 2024. The event will take place on October 22, 2024, at 10:00 a.m. Eastern Time. Hosted by Leon Topalian, Nucor's Chair, President and CEO, the call will review the company's results for the quarter ended September 28, 2024, followed by a Q&A session.
Investors and interested parties can access the live webcast through Nucor's website or a dedicated webinar link. For those unable to attend, an archived version will be available on Nucor's website. Nucor, North America's largest recycler, is a major manufacturer of steel and steel products with facilities across the United States, Canada, and Mexico. The company produces a wide range of steel products and also operates in metal brokerage and scrap processing through its affiliates.
Nucor (NYSE: NUE) has announced guidance for its third quarter of 2024, expecting earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back one-time non-cash charges of approximately $0.43 per diluted share, adjusted earnings are expected to be $1.30 to $1.40 per diluted share. This represents a significant decrease from $2.68 in Q2 2024 and $4.57 in Q3 2023.
The decrease is primarily due to lower average selling prices in the steel mills and steel products segments, as well as lower volumes in the steel products segment. Nucor has repurchased approximately 2.5 million shares at an average price of $156.07 per share during Q3, bringing the year-to-date total to 11.0 million shares at an average price of $172.36.
Nucor (NYSE: NUE) has announced its 206th consecutive quarterly cash dividend. The Board of Directors declared a regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This dividend will be payable on November 8, 2024, to stockholders of record on September 27, 2024.
Nucor is a leading manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico. The company produces a wide range of steel products, including carbon and alloy steel in various forms, as well as related products like steel fasteners and metal building systems. Notably, Nucor is recognized as North America's largest recycler.
Nucor (NYSE: NUE) reported consolidated net earnings of $645.2 million, or $2.68 per diluted share, for Q2 2024. This represents a decrease from $844.8 million in Q1 2024 and $1.46 billion in Q2 2023. Net sales decreased 1% to $8.08 billion compared to Q1 2024 and 15% compared to Q2 2023. The company's average sales price per ton decreased 2% from Q1 2024 and 11% from Q2 2023. Nucor shipped approximately 6,289,000 tons to outside customers, a 1% increase from Q1 2024 but a 5% decrease from Q2 2023. The company's cash position remains strong with $5.43 billion in cash and cash equivalents. Nucor continues to focus on its long-term growth strategy and has returned over $1.7 billion to investors through June 2024.
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