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Nucor Corp. - NUE STOCK NEWS

Welcome to our dedicated news page for Nucor (Ticker: NUE), a resource for investors and traders seeking the latest updates and insights on Nucor.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nucor's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nucor's position in the market.

News
Nucor Reports Results for the First Quarter of 2024
Rhea-AI Summary
Nucor reported strong financial results for the first quarter of 2024 with net earnings of $844.8 million, net sales of $8.14 billion, and EBITDA of $1.50 billion. Despite steel market conditions easing from post-pandemic highs, Nucor's performance remained robust. The company made significant strides in growth, sustainability, and commercial strategies by expanding into the data center market, forming new partnerships for low carbon steel supply, and launching the Nucor Consumer Spot Price for hot-rolled coil products.
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Nucor Invites You to Join Its First Quarter of 2024 Conference Call on the Web
Rhea-AI Summary
Nucor invites you to join its First Quarter of 2024 Conference Call on the web with Nucor's Chair, President, and CEO, Leon Topalian. The call will review Nucor's results for the first quarter ended March 31, 2024, followed by a Q&A session. Nucor is a leading manufacturer of steel and steel products in North America.
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Nucor Announces Appointment of Nicole B. Theophilus as Executive Vice President of Talent and Human Resources
Rhea-AI Summary
Nucor (NYSE: NUE) appoints Nicole B. Theophilus as Executive Vice President of Talent and Human Resources. Ms. Theophilus brings extensive experience from Wabtec and other leadership roles. Her focus will be on talent development and HR strategy, enhancing Nucor's team support.
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Nucor Invites You to Join Its First Quarter of 2024 Conference Call on the Web
Rhea-AI Summary
Nucor (NUE) invites you to join its first quarter of 2024 conference call to review financial results and discuss operations.
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-0.5%
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Nucor Introduces New Hot-Rolled Coil Spot Pricing
Rhea-AI Summary
Nucor (NUE) introduces a weekly Nucor Consumer Spot Price (CSP) to enhance customer communication and transparency in hot-rolled coil spot pricing. The first CSP will be issued on April 8, 2024, aiming to provide timely information for informed business decisions.
Rhea-AI Impact
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0.94%
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Montage Partners Successfully Exits Investment in Southwest Data Products
Rhea-AI Summary
Nucor acquires Southwest Data Products for $115 million. Montage Partners successfully exits its investment in SWDP. SWDP, a leading manufacturer of data center equipment, was acquired by Nucor, a sustainable steel company. SWDP's revenue grew 5x since Montage's investment, expanding into new product lines and increasing team members by 80%.
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1.06%
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Nucor to Acquire Manufacturer of Data Center Infrastructure
Rhea-AI Summary
Nucor (NYSE: NUE) acquires Southwest Data Products, Inc. for $115 million to enhance its data center infrastructure capabilities. The acquisition leads to the launch of Nucor Data Systems, focusing on serving the data center industry. SWDP's expertise in airflow containment structures and new product offerings align well with Nucor's Warehouse Systems business, creating growth opportunities and synergies with Nucor's steelmaking operations.
Rhea-AI Impact
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1.06%
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Nucor Signs Agreement with Mercedes-Benz To Supply Econiq™-RE
Rhea-AI Summary
Nucor (NYSE: NUE) has signed an agreement with Mercedes-Benz to supply Econiq™-RE for their Tuscaloosa, AL manufacturing plant. Econiq™-RE certifies Nucor steel made with 100% renewable energy, reducing greenhouse gas emissions significantly. Nucor aims to help Mercedes-Benz achieve a net carbon-neutral new car fleet.
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1.34%
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Google, Microsoft, and Nucor announce a new initiative to aggregate demand to scale the adoption of advanced clean electricity technologies
Rhea-AI Summary
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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0.98%
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Nucor Announces Guidance for the First Quarter of 2024 Earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
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earnings
Stock NUE logo
Nucor Corp.

NYSE:NUE

NUE Rankings

#296 Ranked by Market Cap
#1149 Ranked by Stock Gains
#1724 Ranked by Dividends

NUE Stock Data

46.68B
238.91M
0.58%
81.35%
2.04%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
US
Charlotte

About NUE

nucor corporation and its affiliates (nucor) manufactures steel and steel products. the company also produces direct reduced iron (dri) for use in the company’s steel mills. the company’s operations include several international trading companies that buy and sell steel and steel products manufactured by the company and others. in 2012, it recycled approximately 19.2 million tons of scrap steel. in may 2012, arcelormittal announced the sale of its steel foundation distribution business in nafta, namely skyline steel and astralloy (skyline steel) to nucor. the transaction includes 100% of arcelormittal’s interest in skyline steel’s operations in the nafta countries and the caribbean.in june 2012, the company acquired skyline steel llc and its subsidiaries. in august 2012, the company completed the sale of the assets of their nucor wire products pennsylvania facility located in new salem, pennsylvania, to an affiliate of wire mesh corporation.