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 (NYSE: NUE) is a manufacturer of steel and steel products with operating facilities in the United States, Canada and Mexico. This news page focuses on company announcements and market updates that affect the NUE stock, including earnings releases, segment performance commentary and capital allocation decisions.
Readers can find news releases where Nucor reports consolidated net earnings, net sales, EBITDA and segment-level results for its steel mills, steel products and raw materials operations. The company’s updates often explain how shipment volumes, average selling prices, scrap and scrap substitute costs and operating rates at its mills influence quarterly performance.
Nucor also issues guidance for upcoming quarters, describing expected earnings ranges and anticipated changes in segment results. These releases may discuss factors such as seasonal patterns, margin compression, planned outages at direct reduced iron facilities and demand trends across key end markets.
In addition to financial results, Nucor’s news includes information on dividends and share repurchases, such as declarations of regular quarterly cash dividends and the number of shares repurchased under its authorization. The company also publishes conference call invitations that provide details on upcoming webcasts where management reviews results and answers questions.
Other news items can cover leadership changes, such as executive promotions and retirements, and operational topics like cybersecurity incidents and remediation efforts. By reviewing this stream of official releases, investors and observers can follow how Nucor’s steel mills, downstream steel products and raw materials businesses are performing and how management is responding to market conditions.
Nucor Corporation (NYSE: NUE) announced Q2 2020 consolidated net earnings of $108.9 million, or $0.36 per diluted share, contrasting with $20.3 million in Q1 2020 and $386.5 million in Q2 2019. Net sales declined 23% to $4.33 billion from Q1 2020 and 27% from Q2 2019. The ongoing COVID-19 pandemic significantly affected operations, with total tons shipped decreasing 24% from Q1 2020. Nucor reported $3.04 billion in cash, with strong financial flexibility supported by new note issuances. A cash dividend of $0.4025 per share was declared, marking its 189th consecutive quarterly dividend.
Nucor invites stakeholders to its second quarter 2020 conference call on July 23, 2020, at 2 p.m. Eastern Time. The call will discuss results from the quarter ending on July 4, 2020, followed by a Q&A session. The event can be accessed online through specific links provided in the announcement. Nucor is a leading manufacturer of steel products in North America, operating in the U.S., Canada, and Mexico, and is recognized as the largest recycler in North America.
Nucor Corporation (NYSE: NUE) has been honored as a General Motors Supplier of the Year for the second consecutive year during a virtual event on June 24, 2020. This distinction is awarded to less than one percent of GM's suppliers, making Nucor the only electric arc furnace steelmaker to achieve this recognition. The award is based on performance criteria set by GM's purchasing and manufacturing teams. Nucor, which operates in the U.S., Canada, and Mexico, is recognized for its leadership in steel production and is North America's largest recycler.
Nucor Corporation (NYSE: NUE) has announced its second quarter 2020 earnings guidance, estimating earnings between $0.10 to $0.15 per diluted share, a decline from $1.26 per diluted share in Q2 2019. The company's first quarter earnings were $0.07 per diluted share, impacted by significant asset losses of $287.8 million. Despite pandemic-related challenges, nonresidential construction demand remains resilient, and automotive steel demand is rebounding. Nucor is enhancing financial flexibility through $1 billion in new notes due between 2025 and 2030.