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Nucor Corp (NUE.N)

NUE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nucor Corp sees Q3 earnings per share of $0.75 to $0.80
Friday, 15 Sep 2017 09:00am EDT 

Sept 15 (Reuters) - Nucor Corp ::Nucor Corp sees Q3 earnings per share of $0.75 to $0.80 .Says ‍Q3 of 2017 expected earnings are lower than qualitative guidance provided with Q2 of 2017 earnings release​.Says expect steel mills segment's earnings in Q3 of 2017 to decrease compared to Q2 of 2017​.Says continued import pressure has not allowed pricing to keep pace with increasing raw material costs during Q3 of 2017​.Says Nucor Steel Louisiana experienced unplanned outages for most of Q3, leading to significantly lower Q3 earnings estimate for raw materials segment​.Says Q3 earnings per share view $1.02 -- Thomson Reuters I/B/E/S.Says profitability of steel products segment in Q3 of 2017 is expected to be improved from Q2 of 2017, but less than Q3 of 2016​.Says "Imports continue to negatively impact U.S. Steel industry".Says ‍forecasted Q3 earnings of plate mills expected to be significantly less than that expected when providing qualitative guidance in July​.Says expect to resume operations in ‍Nucor Steel Louisiana early October​.  Full Article

Nucor Corp sees Q3 of $0.75 to $0.80
Friday, 15 Sep 2017 09:00am EDT 

Sept 15 (Reuters) - Nucor Corp :Nucor Corp - ‍Q3 of 2017 expected earnings are lower than qualitative guidance provided with Q2 of 2017 earnings release​.Nucor Corp - ‍expect steel mills segment's earnings in Q3 of 2017 to decrease compared to Q2 of 2017​.Nucor Corp sees Q3 of $0.75 to $0.80.Nucor Corp - continued import pressure has not allowed pricing to keep pace with increasing raw material costs during Q3 of 2017​.Nucor Corp - ‍nucor Steel Louisiana experienced unplanned outages for most of q3, leading to significantly lower Q3 earnings estimate for raw materials segment​.Q3 earnings per share view $1.02 -- Thomson Reuters I/B/E/S.Nucor Corp - ‍profitability of steel products segment in q3 of 2017 is expected to be improved from Q2 of 2017, but less than Q3 of 2016​.Nucor Corp - "imports continue to negatively impact U.S. Steel industry".Nucor Corp - ‍forecasted q3 earnings of plate mills expected to be significantly less than that expected when providing qualitative guidance in July​.Nucor Corp - expect to resume operations in ‍nucor Steel Louisiana early October​.  Full Article

Nucor files for potential mixed shelf offering, size undisclosed - SEC filing
Thursday, 17 Aug 2017 02:58pm EDT 

Aug 17 (Reuters) - Nucor Corp ::Nucor Corp files for potential mixed shelf offering, size undisclosed - SEC filing.  Full Article

Nucor to acquire Cold Finish Facilities in Missouri And Mexico
Thursday, 10 Aug 2017 09:00am EDT 

Aug 10 (Reuters) - Nucor Corp ::Nucor to acquire Cold Finish Facilities in Missouri and Mexico.Nucor to acquire Cold Finish Facilities in Missouri and Mexico.Nucor - ‍addition of facilities will increase total capacity of Nucor's cold finished bar and wire facilities to more than 1.1 million tons annually​.Nucor Corp - agreed to acquire St. Louis Cold Drawn Inc that mainly serve U.S. and Mexican automotive and industrial markets.Nucor to acquire Cold Finish Facilities in Missouri and Mexico.  Full Article

Nucor reports results for Q2 and first half of 2017
Thursday, 20 Jul 2017 09:00am EDT 

July 20 (Reuters) - Nucor Corp :Nucor reports results for second quarter and first half of 2017.Q2 earnings per share $1.00.Q2 sales $5.17 billion versus I/B/E/S view $5.09 billion.Q2 earnings per share view $1.06 -- Thomson Reuters I/B/E/S.Nucor Corp - total tons shipped to outside customers were 6,748,000 tons in Q2 of 2017, a 5 pct increase from Q2 of 2016.Nucor Corp - ‍average sales price per ton in Q2 of 2017 increased 5 pct from Q1 of 2017​.Nucor Corp - ‍average scrap and scrap substitute cost per ton used during Q2 of 2017 was $313, an increase of 10 pct from $284 in Q1 of 2017​.Nucor Corp - earnings in Q3 of 2017 should be in a range similar to quarterly results of first half of 2017.Nucor Corp - ‍performance of steel mills segment, particularly of sheet mills and bar mills, decreased in Q2 of 2017 as compared to Q1 of 2017​.Nucor Corp - "‍imports continue to negatively impact U.S. steel industry"​.Nucor Corp - ‍"market conditions for hot-rolled sheet products have been challenging due to aggressive competition".Nucor Corp - final determinations issued earlier in 2017 against cut-to-length steel plate imports from twelve countries are having a positive impact.Nucor Corp - continue to gain ground in automotive market and expect to continue that trend through remainder of 2017.  Full Article

Nucor expects Q2 profit in range of $1.00-$1.05/shr
Thursday, 15 Jun 2017 09:00am EDT 

June 15 (Reuters) - Nucor Corp :Nucor announces guidance for its second quarter earnings.Nucor corp - expects q2 results to be in range of $1.00 to $1.05 per diluted share.Q2 earnings per share view $1.22 -- Thomson Reuters I/B/E/S.Nucor - expect decreased performance of our steel mills segment, particularly of our sheet mills and bar mills, in q2 of 2017 compared to q1 of 2017.Nucor corp says "‍imports continue to negatively impact u.s. Steel industry​".Nucor corp says q2 earnings guidance range is a decrease compared to q1 of 2017 consolidated net earnings of $1.11 per diluted share.Performance of our downstream products segment is expected to improve in q2 of 2017 as compared to q1 of 2017.Our raw materials segment's performance is expected to increase in q2 of 2017 as compared to q1 of 2017.Nucor - market conditions for hot-rolled sheet products have been "more challenging" than expected earlier in quarter due to "aggressive competition".Nucor-Final determinations in cut-to-length plate trade cases having positive impact as steel imports of subsidized products have decreased in first 5 months of 2017 versus 2016.  Full Article

Nucor Corp ‍declares quarterly cash dividend of $0.3775 per share
Tuesday, 6 Jun 2017 09:00am EDT 

June 6 (Reuters) - Nucor Corp :Nucor corp - ‍declared regular quarterly cash dividend of $0.3775 per share on Nucor's common stock​.  Full Article

Nucor to build galvanizing line at its Kentucky sheet mill
Thursday, 25 May 2017 12:30pm EDT 

May 25 (Reuters) - Nucor Corp :Nucor to build galvanizing line at its kentucky sheet mill.Investing an estimated $176 million to build a hot band galvanizing and pickling line at its sheet mill in ghent, kentucky.New galvanizing line will expand Nucor steel gallatin's product capabilities and have an annual capacity of 500,000 tons​.Nnew line will create synergies with nucor's other sheet mills and increase company's market share of coated steel in midwest​.Once necessary approvals are obtained, it is expected to take two years to construct galvanizing line and begin operations.  Full Article

Nucor says estimates capital spending of about $550 million for 2017
Thursday, 20 Apr 2017 09:52am EDT 

April 20 (Reuters) - Nucor Corp ::"For 2017, we estimate capital spending of approximately $550 million and depreciation and amortization of about $730 million" - Conf call.While recent trade case decisions have begun to reduce flood of dump, subsidized products from foreign producers, imports continue to negatively impact U.S. steel industry overall -Conf call."Certain countries continue to brazenly break and circumvent our nation's trade laws" - Conf call."Earnings in the second quarter 2017 are expected to increase compared to the first quarter" - Conf call."Our fabricated construction products order books indicate that the nonresidential construction markets have regained momentum in 2017"- Conf call.We welcome an investigation into impact of imported steel upon our national security, particularly given that many of these steels are imported illegally, violating our trade laws - Conf call."The amount of steel consumed per rig has doubled since about 2013" - Conf call.Rig counts are up, just about double. Steel consumed per rig, up, just about double. That bodes well for steel consumption in energy market - Conf call.  Full Article

Nucor Q1 earnings per share $1.11
Thursday, 20 Apr 2017 09:00am EDT 

April 20 (Reuters) - Nucor Corp :Nucor reports results for first quarter of 2017.Q1 earnings per share $1.11.Q1 sales $4.82 billion versus i/b/e/s view $4.54 billion.Q1 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Nucor - total tons shipped to outside customers were 6,584,000 tons in q1 of 2017, a 13% increase from q4 of 2016 and a 7% increase from q1 of 2016.Nucor corp- average sales price per ton in q1 of 2017 increased 8% compared to q4 of 2016 and increased 21% from q1 of 2016.Nucor corp- performance of steel mills segment is expected to improve in q2 of 2017 as compared to q1 of 2017 as metal margins are expected to expand.Nucor corp- also expect intercompany profit eliminations to have a smaller relative impact in q2 of 2017.Nucor corp- performance of raw materials segment expected to improve in q2 2017 compared to q1 2017 due to improved profitability of dri facilities.Nucor corp - average scrap and scrap substitute cost per ton used during q1 of 2017 was $284, an increase of 20% from $236 in q4 of 2016.  Full Article

BRIEF-Nucor board approves Steel Bar Micro Mill Project, Merchant Bar operations expansion

* Nucor Board of directors approves Steel Bar Micro Mill Project and Merchant Bar Operations expansion