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Nucor Corp (NUE.N)

NUE.N on New York Stock Exchange

64.27USD
18 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Nucor Announces Plans To Expand Sheet Mill In Kentucky
Friday, 7 Sep 2018 

Sept 8 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES PLANS TO EXPAND SHEET MILL IN KENTUCKY.NUCOR - BOARD APPROVED INVESTMENT OF $650 MILLION TO EXPAND PRODUCTION CAPABILITY OF NUCOR STEEL GALLATIN, CO'S FLAT-ROLLED SHEET STEEL MILL.NUCOR - PICKLE GALVANIZING LINE EXPECTED TO BE OPERATIONAL IN 1H19 & WILL PRODUCE ABOUT 500,000 TONS PER YEAR OF GALVANIZED HOT BAND STEEL.  Full Article

Nucor Approves Stock Repurchase Of Up To $2 Bln, Sets Qtrly Dividend Of $0.38 Per Share
Friday, 7 Sep 2018 

Sept 6 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES NEW SHARE REPURCHASE PROGRAM AND 182ND CONSECUTIVE CASH DIVIDEND.NUCOR CORP - APPROVED REPURCHASE OF UP TO $2 BILLION OF COMPANY'S COMMON STOCK.NUCOR CORP - BOARD OF DIRECTORS ALSO TERMINATED ANY PREVIOUSLY AUTHORIZED REPURCHASE PROGRAMS.NUCOR CORP - NUCOR'S BOARD OF DIRECTORS DECLARED REGULAR QUARTERLY CASH DIVIDEND OF $0.38 PER SHARE ON NUCOR'S COMMON STOCK.  Full Article

Nucor Reports Q2 Earnings Per Share Of $2.13
Thursday, 19 Jul 2018 

July 19 (Reuters) - Nucor Corp ::NUCOR REPORTS RESULTS FOR SECOND QUARTER AND FIRST HALF OF 2018.Q2 SALES $6.5 BILLION VERSUS I/B/E/S VIEW $6.47 BILLION.Q2 EARNINGS PER SHARE $2.13.Q2 EARNINGS PER SHARE VIEW $2.09 -- THOMSON REUTERS I/B/E/S.INCLUDED IN Q2 OF 2018 RESULTS WAS A BENEFIT OF $23.3 MILLION, OR $0.06 PER DILUTED SHARE, RELATED TO INSURANCE RECOVERIES.AVERAGE SALES PRICE PER TON IN Q2 OF 2018 INCREASED 12PCT COMPARED WITH Q1 OF 2018.SAYS THERE IS "SUSTAINABLE STRENGTH" IN STEEL END-USE MARKETS.TOTAL TONS SHIPPED TO OUTSIDE CUSTOMERS WERE 7.2 MILLION TONS IN Q2 OF 2018, A 3 PCT INCREASE FROM Q1 OF 2018.STEEL PRODUCTS AND RAW MATERIALS SEGMENTS EXPERIENCED INCREASED PROFITABILITY IN Q2 OF 2018 COMPARED TO Q1 OF 2018.AVERAGE SCRAP AND SCRAP SUBSTITUTE COST PER TON USED IN QUARTER WAS $373, UP 19 PERCENT VERSUS $313 IN Q2 2017.EARNINGS IN Q3 OF 2018 ARE EXPECTED TO FURTHER IMPROVE COMPARED TO Q2 OF 2018.NUCOR - PERFORMANCE OF RAW MATERIALS SEGMENT SEEN TO DECREASE IN Q3 VERSUS Q2 DUE TO MARGIN COMPRESSION.PERFORMANCE OF STEEL MILLS SEGMENT IS EXPECTED TO REMAIN STRONG IN Q3 OF 2018 AS COMPARED TO Q2 OF 2018.EXPECT Q3 OF 2018 PERFORMANCE OF STEEL PRODUCTS SEGMENT TO BE SIMILAR TO Q2 OF 2018.PERFORMANCE OF RAW MATERIALS SEGMENT IS EXPECTED TO DECREASE IN Q3 OF 2018 AS COMPARED TO Q2 OF 2018 DUE TO MARGIN COMPRESSION.  Full Article

Nucor Says We Believe There Is Sustainable Strength In Steel End-Use Markets
Friday, 20 Apr 2018 

April 19 (Reuters) - Nucor Corp ::NUCOR CFO SAYS EARNINGS IN SECOND QUARTER OF 2018 ARE EXPECTED TO INCREASE SIGNIFICANTLY COMPARED TO THE FIRST QUARTER - CONF CALL.NUCOR SAYS WE BELIEVE THERE IS SUSTAINABLE STRENGTH IN STEEL END-USE MARKETS - CONF CALL.NUCOR'S END MARKETS THAT ARE PARTICULARLY IMPORTANT TO CO ARE ESPECIALLY STRONG IN 2018, INCLUDING ENERGY, MOST OF CONSTRUCTION MARKETS AND HEAVY EQUIPMENT.NUCOR SAYS BASED ON CONTRACTS, FOR Q2 WE SEE PRICING CONTINUE TO IMPROVE FOR OUR CONTRACT AND SPOT BUSINESSES WITH STABLE SCRAP PRICING AND INCREASING SELLING PRICE - CONF CALL.NUCOR SAYS WE SHOULD SEE MARGIN EXPANSION AS WE MOVE INTO THE SECOND QUARTER - CONF CALL.NUCOR CEO SAYS ONE OF THE THINGS THAT I HEAR A LOT ABOUT IS CONCERNING SHORTAGE OF STEEL IN THE FUTURE AFTER THE MAY 1 DATE, I CAN ASSURE YOU, THERE'S NOT GOING TO BE SHORTAGE - CONF CALL.  Full Article

Nucor Reports Q1 Earnings Per Share Of $1.10
Thursday, 19 Apr 2018 

April 19 (Reuters) - Nucor Corp ::NUCOR REPORTS RESULTS FOR FIRST QUARTER OF 2018.Q1 EARNINGS PER SHARE $1.10.Q1 SALES $5.57 BILLION VERSUS I/B/E/S VIEW $5.46 BILLION.Q1 EARNINGS PER SHARE VIEW $1.10 -- THOMSON REUTERS I/B/E/S.AVERAGE SCRAP AND SCRAP SUBSTITUTE COST PER TON USED DURING Q1 OF 2018 WAS $337, AN INCREASE OF 19% COMPARED TO $284 IN Q1 OF 2017.TOTAL TONS SHIPPED TO OUTSIDE CUSTOMERS WERE 6,967,000 TONS IN Q1 OF 2018, A 6% INCREASE.EARNINGS IN Q2 OF 2018 ARE EXPECTED TO INCREASE SIGNIFICANTLY COMPARED TO Q1 OF 2018.AVERAGE SALES PRICE PER TON IN Q1 OF 2018 INCREASED 9% COMPARED WITH Q1 OF 2017.STEEL MILL METAL MARGINS AND PROFITS IN MARCH WERE BY FAR STRONGEST IN Q1 OF 2018.PERFORMANCE OF STEEL MILLS SEGMENT IS EXPECTED TO IMPROVE IN Q2 OF 2018 AS COMPARED TO Q1."BELIEVE THERE IS SUSTAINABLE STRENGTH IN STEEL END USE MARKETS".BELIEVE BROAD-BASED TARIFFS WITH FEW EXCEPTIONS ARE NEEDED TO ADDRESS VOLUME OF "UNFAIRLY TRADED IMPORTS AND TRANSSHIPPING ".NUCOR - EXPECT IMPROVED PERFORMANCE FOR STEEL PRODUCTS SEGMENT IN Q2 OF 2018 AS COMPARED TO Q1 OF 2018.  Full Article

Nucor Sets Quarterly Cash Dividend Of $0.38 Per Share
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Nucor Corp ::NUCOR CORP - SETS QUARTERLY CASH DIVIDEND OF $0.38 PER SHARE.  Full Article

Nucor Reports Q4 Earnings Per Share $1.20
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - Nucor Corp ::NUCOR REPORTS RESULTS FOR FOURTH QUARTER AND YEAR ENDED 2017.Q4 EARNINGS PER SHARE $1.20.Q4 SALES $5.09 BILLION VERSUS I/B/E/S VIEW $4.88 BILLION.Q4 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.AVERAGE SCRAP AND SCRAP SUBSTITUTE COST PER TON USED IN THE FOURTH QUARTER OF 2017 WAS $317, UNCHANGED FROM THE THIRD QUARTER OF 2017.TOTAL TONS SHIPPED TO OUTSIDE CUSTOMERS WERE 6,542,000 TONS IN Q4 OF 2017 AN INCREASE OF 13% FROM Q4 OF 2016.‍QTRLY AVERAGE SALES PRICE PER TON WAS COMPARABLE WITH Q3 OF 2017 AND INCREASED 14% COMPARED TO Q4 OF 2016​.NUCOR - INCLUDED IN Q4 RESULTS WAS A NET BENEFIT OF $175.2 MILLION, OR $0.55 PER SHARE, RELATED TO IMPACTS OF U.S. FEDERAL TAX LEGISLATION.IMPORTS CONTINUE TO NEGATIVELY IMPACT U.S. STEEL INDUSTRY.WEAKNESS IN PLATE STEEL NEGATIVELY IMPACTED EARNINGS OF STEEL MILLS SEGMENT IN Q4 OF 2017 AS COMPARED TO Q3 OF 2017.EARNINGS IN Q1 OF 2018 ARE EXPECTED TO INCREASE COMPARED TO Q4 OF 2017, EXCLUSIVE OF BENEFIT RECORDED IN Q4 OF 2017 RELATED TO TAX REFORM.NUCOR- FOR Q1 2018, THERE IS SIGNIFICANT OPTIMISM IN STEEL END USE MARKETS , ENCOURAGED BY POSITIVE PRICING MOMENTUM BUILDING THROUGHOUT QUARTER.Q1 OF 2018 RESULTS WILL BE NEGATIVELY IMPACTED BY HIGHER SCRAP PRICES AND WEATHER RELATED INTERRUPTIONS AT SOME OF CO'S SHEET MILLS.‍EXPECT EARNINGS IN RAW MATERIALS SEGMENT IN Q1 OF 2018 TO IMPROVE COMPARED TO Q4 OF 2017​.IN Q1, EXPECT DECREASED EARNINGS IN STEEL PRODUCTS SEGMENT DUE TO TYPICAL SEASONALITY.  Full Article

Danieli Gets Order From Nucor Corporation For Micromill Technology
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - DANIELI ::NUCOR CORPORATION ORDERS FROM DANIELI MICROMILL TECHNOLOGY FOR OPERATION TO BE BUILT IN MISSOURI.  Full Article

Nucor Announces Guidance For Its Fourth Quarter Earnings
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES GUIDANCE FOR ITS FOURTH QUARTER EARNINGS.- NUCOR EXPECTS Q4 RESULTS TO BE IN RANGE OF $0.50 TO $0.55 PER DILUTED SHARE.- "IMPORTS CONTINUE TO NEGATIVELY IMPACT U.S. STEEL INDUSTRY".- EXPECTED Q4 OF 2017 EARNINGS IN STEEL MILLS SEGMENT WILL BE NEGATIVELY IMPACTED BY MARGIN COMPRESSION.- EXPECT SIMILAR RESULTS IN STEEL PRODUCTS SEGMENT IN Q4 OF 2017 COMPARED TO Q3 OF 2017.- ‍EXPECT EARNINGS OF RAW MATERIALS SEGMENT IN Q4 OF 2017 TO BE IMPROVED FROM Q3 OF 2017​.- NUCOR STEEL LOUISIANA EXPERIENCED AN UNPLANNED OUTAGE IN Q4 OF 2017 AND RESUMED OPERATIONS IN EARLY DECEMBER.- "AUTOMOTIVE MARKET REMAINS HEALTHY AND CONTINUES TO BE A BRIGHT SPOT FOR NUCOR".- "WE ARE ENCOURAGED BY MARKET CONDITIONS HEADING INTO 2018".SAYS OPTIMISTIC ON EXPECTED OVERALL INDUSTRIAL PRODUCTION IN 2018.NUCOR - "BELIEVE OVERALL MARKET DEMAND IN Q4 OF 2017 HAS BEEN SOLID".- EXPECTED Q4 OF 2017 EARNINGS IN STEEL MILLS SEGMENT WILL BE NEGATIVELY IMPACTED BY MARGIN COMPRESSION.Q4 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.NUCOR - PROJECTED Q4 RESULTS DO NOT CONTAIN ESTIMATES RELATED TO IMPACT OF PROPOSED U.S. FEDERAL TAX LEGISLATION.  Full Article

Nucor Says Sets Regular Quarterly Cash Dividend Of $0.38 per Share
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES INCREASE IN CASH DIVIDEND.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.38PER SHARE.  Full Article

BRIEF-Nucor Says We Believe There Is Sustainable Strength In Steel End-Use Markets

* NUCOR CFO SAYS EARNINGS IN SECOND QUARTER OF 2018 ARE EXPECTED TO INCREASE SIGNIFICANTLY COMPARED TO THE FIRST QUARTER - CONF CALL