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Nucor Corp (NUE.N)

NUE.N on New York Stock Exchange

56.39USD
14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Nucor Announces Guidance For Q4 & Full Year 2018 Results, Including Record Annual Earnings
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES GUIDANCE FOR FOURTH QUARTER AND FULL YEAR 2018 RESULTS, INCLUDING RECORD ANNUAL EARNINGS.COMPANY EXPECTS STRONG DEMAND AND FAVORABLE PRICING TO CONTINUE IN 2019, FACILITATING CONTINUED FREE CASH FLOW GENERATION.SEES Q4 2018 EARNINGS PER SHARE $1.90 TO $1.95.EXPECTS TO REPORT FULL YEAR 2018 CONSOLIDATED NET EARNINGS IN RANGE OF $7.25 TO $7.30 PER DILUTED SHARE.EXPECTS THAT ITS CASH AND CASH EQUIVALENTS BALANCE AT DECEMBER 31, 2018 WILL BE SIMILAR TO BALANCE AT END OF Q3.APPROXIMATELY $1.5 BILLION REMAINS AVAILABLE UNDER NUCOR'S SHARE REPURCHASE PROGRAM.AS CO HEADS INTO 2019, CO CONTINUES TO SEE STRONG DEMAND AND HIGHER YEAR OVER YEAR AVERAGE PRICES ACROSS MOST PRODUCTS.BROAD-BASED TARIFFS IMPOSED UNDER SECTION 232 HAVE BEEN A TAILWIND CONTRIBUTING TO EXPECTED 2018 EARNINGS.FY2018 EARNINGS PER SHARE VIEW $7.53 -- REFINITIV IBES DATA.Q4 EARNINGS PER SHARE VIEW $1.98 -- REFINITIV IBES DATA.  Full Article

Nucor Announces Increase In Cash Dividend
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES INCREASE IN CASH DIVIDEND.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.40PER SHARE.INCREASED REGULAR QUARTERLY CASH DIVIDEND ON NUCOR'S COMMON STOCK BY 5.3% TO $0.40 PER SHARE.  Full Article

Nucor Acquires Precision Castings Company In Mexico
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Nucor Corp ::NUCOR ACQUIRES PRECISION CASTINGS COMPANY IN MEXICO.NUCOR CORP - ACQUIRING CORPORACION POK, S.A. DE C.V. (POK), A FULLY INTEGRATED PRECISION CASTINGS COMPANY WITH A FACILITY IN GUADALAJARA, MEXICO.  Full Article

Nucor Says Tariffs Are Achieving Their Primary Objective Bringing Nafta, Other Countries To Negotiating Table
Friday, 19 Oct 2018 

Oct 18 (Reuters) - Nucor Corp ::NUCOR SAYS TARIFFS ARE ACHIEVING THEIR PRIMARY OBJECTIVE BRINGING NAFTA, OTHER COUNTRIES TO NEGOTIATING TABLE - CONF CALL.NUCOR SAYS ITS PRICE INCREASE ABOUT A WEEK AGO SEEMS TO BE STICKING.NUCOR SAYS NEXT YEAR'S CAPEX WILL BE DRAMATICALLY HIGHER THAN THIS YEAR - CONF CALL.NUCOR SAYS ONLY WAY TO SURVIVE IN AN OVERCAPACITY MARKET, IF THERE IS ONE, IS TO BE THE LOW-COST PRODUCER - CONF CALL.NUCOR SAYS DON'T SEE A YEAR-END OVERSUPPLY IN INVENTORIES THAT HAVE BEEN CAUSING ANY PROBLEMS ON ORDER ENTRY- CONF CALL.  Full Article

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

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Trump's steel tariffs create big profits but few new jobs

SEDALIA, Missouri Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money.