Nucor Stock Price, News & Analysis

Nucor Corporation (NYSE: NUE) anticipates record earnings for Q3 2021, estimating a range of $7.30 to $7.40 per diluted share, surpassing the previous record of $5.04 in Q2 2021. All segments are expected to see strong profitability, particularly the steel mills and products segments driven by higher selling prices. Nucor has repurchased 6.7 million shares at an average price of $105.58 this quarter, contributing to nearly $2.00 billion returned to shareholders through repurchases and dividends year-to-date.

Nucor Corporation (NYSE: NUE) has completed the acquisition of Hannibal Industries, a leading provider of steel racking solutions, for $370 million. This transaction involved purchasing all outstanding shares from the Employee Stock Ownership Plan. The acquisition aims to enhance Nucor's ability to serve the growing warehouse and distribution market by adding steel racking to its portfolio. Nucor's President emphasized the strategic importance of this acquisition in meeting customer demands.

Nucor Corporation (NYSE: NUE) has appointed Norma B. Clayton as a director, effective September 1, 2021. Clayton, 63, brings a wealth of experience from her previous role as Vice President for Learning, Training, and Development at The Boeing Company, where she contributed significantly to business management and global supply chains. Her leadership experience spans various roles at Boeing, General Electric, General Motors, Lockheed Martin, and RCA. Nucor's executives are optimistic about her contributions to the board.

Nucor Corporation (NYSE: NUE) has completed the acquisition of Cornerstone Building Brands' insulated metal panels business for approximately $1 billion. The acquisition includes CENTRIA and Metl-Span brands, now part of Nucor's new Insulated Panel Group, which aims to enhance product offerings for high-end architectural applications and cold storage markets. This strategic move is expected to bolster Nucor's market position and expand its product range.

Nucor Corporation (NYSE: NUE) reported record second quarter consolidated net earnings of $1.51 billion, or $5.04 per diluted share, marking a significant increase from $942.4 million in Q1 2021 and $108.9 million in Q2 2020. For the first half of 2021, earnings reached $2.45 billion, or $8.13 per diluted share, surpassing its full year record of $7.42 set in 2018. Overall sales increased 25% to $8.79 billion compared to Q1 2021, driven by strong demand across steel markets. Nucor expects to break its quarterly earnings record again in Q3 2021.

Nucor (NYSE: NUE) will host a live conference call on July 22, 2021, at 2 p.m. Eastern Time to discuss its second quarter earnings ending July 3, 2021. The event, led by President and CEO Leon Topalian, will review Nucor's financial performance and include a Q&A session. Investors can access the live call via the Nucor website or through a provided link. An archived version will be available for those unable to attend live. Nucor is known as North America's largest recycler and a significant manufacturer of various steel products.

Nucor Corporation (NYSE: NUE) has agreed to acquire Hannibal Industries, Inc. for $370 million, valuing the deal at 6.9x EBITDA based on the trailing-twelve months ending March 2021. Hannibal Industries is a leading provider of racking solutions for various sectors, enhancing Nucor's reach in the warehouse channel. The acquisition aims to complement Nucor's existing product capabilities and increase market leadership. The transaction is pending necessary approvals, buying 100% of Hannibal's shares from its ESOP.

Nucor Corporation (NYSE: NUE) announced ambitious greenhouse gas (GHG) emissions reduction goals, targeting a 35% decrease in Scope 1 and Scope 2 emissions intensity by 2030, based on a 2015 baseline. Nucor currently emits 0.47 tons of CO2 per ton of steel, significantly lower than the global average of 1.69 tons. The company aims to reach 0.38 tons by 2030, while also addressing Scope 3 emissions. As North America’s largest recycler, Nucor continues to invest in renewable energy and new recycled steel facilities, strengthening its position as a leader in sustainable steel production.

Nucor invites participants to its second quarter earnings conference call on July 22, 2021, at 2 p.m. Eastern Time, hosted by President and CEO Leon Topalian. The call will cover results for the quarter ending July 3, 2021, followed by a Q&A session. Interested parties can access the call via the provided links. If unable to join live, an archived version will be available on Nucor's website.