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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.

News

Google, Microsoft, and Nucor announce a new initiative to aggregate demand to scale the adoption of advanced clean electricity technologies

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Google, Microsoft, and Nucor collaborate to accelerate the development of advanced clean electricity technologies to decarbonize grids and meet growing electricity demand. The companies aim to reduce financing risks for early commercial projects, pool demand, and bring benefits to large energy buyers.
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Nucor Announces Guidance for the First Quarter of 2024 Earnings

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Nucor Corporation (NUE) expects first quarter earnings for 2024 to be in the range of $3.55 to $3.65 per diluted share. The steel mills segment anticipates an increase in earnings due to higher selling prices and volumes, while the steel products segment expects a decrease. Nucor has repurchased 5.5 million shares and returned $1.13 billion to stockholders. Earnings release is scheduled for April 22, 2024, with a conference call on April 23, 2024.
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Nucor Board of Directors Approves Funding for New Pacific Northwest Rebar Micro Mill

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Nucor Corporation (NUE) plans to construct a $860 million rebar micro mill in the Pacific Northwest, expanding its production capacity by 50%. The project aims to serve customers better, enhance market leadership, and capitalize on the growing U.S. infrastructure investments. The new mill will focus on producing clean steel from recycled scrap, catering to various industries and end markets.
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Nucor Announces 204th Consecutive Cash Dividend

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Nucor Corporation (NUE) announces a regular quarterly cash dividend of $0.54 per share, marking the 204th consecutive quarterly cash dividend. The dividend is payable on May 10, 2024, to stockholders of record on March 28, 2024.
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Nucor Reports Results for the Fourth Quarter and Full Year 2023

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Nucor Corporation (NYSE: NUE) reported a diluted EPS of $3.16 and $18.00 for the fourth quarter and full year of 2023, respectively. The net earnings before noncontrolling interests were $872.8 million and $4.91 billion for the same periods. Nucor expects 2024 to be another strong year with planned capital expenditures of $3.5 billion. The company has returned approximately $9.7 billion to shareholders through dividends and share repurchases over the past four years. However, consolidated net sales decreased by 12% in the fourth quarter of 2023 compared to the third quarter of 2023. The average sales price per ton also decreased by 8% compared to the third quarter of 2023. Nucor's consolidated net sales for the full year 2023 decreased by 16% compared with 2022.
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Nucor Invites You to Join Its Fourth Quarter of 2023 Conference Call on the Web

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Nucor Corporation (NUE) will be hosting a live conference call to review its fourth quarter 2023 earnings on January 30, 2024. The call will be led by Leon Topalian, Nucor's Chair, President, and CEO. Nucor, a leading steel and steel products manufacturer in North America, will discuss its results, followed by a Q&A session. The event will be available for live streaming and archived for later access.
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Nucor Invites You to Join Its Fourth Quarter of 2023 Conference Call on the Web

Rhea-AI Summary
Nucor (NUE) invites investors to its live conference call with CEO Leon Topalian to review the fourth quarter results of 2023. The event will be available on the internet on January 30, 2024, at 10:00 a.m. Eastern Time. Nucor is a leading manufacturer of steel and steel products in North America, with a focus on recycling and processing ferrous and nonferrous metals.
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Nucor Announces Increase in Cash Dividend

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Nucor Corporation (NYSE: NUE) increases its regular quarterly cash dividend to $0.54 per share, payable on February 9, 2024. This marks Nucor's 203rd consecutive quarterly cash dividend and the 51st consecutive year of dividend increase since 1973.
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Nucor Announces Guidance for the Fourth Quarter of 2023 Earnings

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Nucor Corporation (NYSE: NUE) expects fourth-quarter earnings to be in the range of $2.75 to $2.85 per diluted share, a decrease from the third quarter of 2023 due to lower pricing and volumes across all three operating segments. The company reported net earnings of $4.57 per diluted share in the third quarter of 2023 and $4.89 per diluted share in the fourth quarter of 2022. Nucor plans to release its earnings after the markets close on Monday, January 29, 2024, and will host a conference call the morning of Tuesday, January 30, 2024 at 10:00 a.m. Eastern Time to review the results.
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Nucor to Build New Mill Stand at Tuscaloosa Plate Mill

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Nucor Corporation (NYSE: NUE) to Invest $280 Million in Modernizing Steel Plate Mill in Tuscaloosa, Alabama. The investment aims to strengthen Nucor Steel Tuscaloosa's ability to serve key market segments and enhance its product mix. The modernization project will keep the mill competitive in the global steel industry and open up new market opportunities. Nucor's Plate Mill Group has an annual capacity of approximately 3 million tons of cut-to-length and discrete plate, serving various industries including military applications, barge and bridge manufacturing, heavy equipment, and more.
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FAQ

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

The current stock price of Nucor Corporation (NUE) is $144.68 as of November 19, 2024.

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

The market cap of Nucor Corporation (NUE) is approximately 34.2B.

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.

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Nucor Corporation

NYSE:NUE

NUE Rankings

#371 Ranked by Market Cap
#1569 Ranked by Dividends

NUE Stock Data

34.19B
233.22M
0.52%
79.4%
2.07%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
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United States of America
CHARLOTTE