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 manufactures steel and steel products through steel mills, steel products and raw materials segments, with operating facilities in the United States, Canada and Mexico. Its recurring company updates cover quarterly earnings, shipment volumes, average selling prices, end-market demand, operating-segment performance, earnings guidance and conference-call materials.
Nucor news also includes capital return actions such as dividends and share repurchase authorizations, executive leadership and succession updates, and developments tied to carbon and alloy steel in bars, beams, sheet and plate; fabricated steel products; scrap processing; and raw-materials activities.
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.