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Nucor Corp (NUE.N)

NUE.N on New York Stock Exchange

59.50USD
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Andritz gets order from steel producer Nucor
3:00am EDT 

Andritz AG : Has received an order from steel producer Nucor to supply turn-key production lines for its new specialty cold rolling mill complex at company's sheet steel mill in Hickman, Arkansas, USA .Start-up of the plant is scheduled for the second half of 2018.  Full Article

Nucor Corp expects Q1 results between $1.10 - $1.15 per diluted share
Thursday, 16 Mar 2017 09:00am EDT 

Nucor Corp : Nucor Corp - expects Q1 results to be in range of $1.10 to $1.15 per diluted share . Nucor CORP - expected improvement in earnings in Q1 of 2017 compared to Q4 of 2016 is primarily due to performance of our steel mills segment. . Q1 earnings per share view $0.76 -- Thomson Reuters I/B/E/S . Nucor Corp - profitability of steel products segment in Q1 of 2017 is expected to decrease compared to Q4 of 2016 due to typical seasonality .Nucor Corp - expect increased profitability of raw materials segment in Q1 of 2017 as compared to Q4 of 2016.  Full Article

Nucor acquires assets of Omega Joist
Wednesday, 1 Mar 2017 04:30pm EST 

Nucor Corp : Nucor Corp says acquired assets of omega joist, a subsidiary of Samuel, Son & Co., Ltd .Nucor Corp - Omega Joist will operate as Vulcraft-Omega and will become part of Nucor's eleven other Joist and Deck production facilities.  Full Article

State Farm Mutual Automobile Insurance reports 6.81 percent passive stake in Nucor Corp as of Jan 24, 2017
Monday, 6 Feb 2017 11:43am EST 

Nucor Corp :State Farm Mutual Automobile Insurance Co reports a 6.81 percent passive stake in Nucor Corp as of Jan 24, 2017- SEC filing.  Full Article

Gibraltar Industries to sell U.S. bar grating assets by its AMICO U.S. unit to unit of Nucor
Monday, 6 Feb 2017 09:00am EST 

Gibraltar Industries Inc : Gibraltar Industries sells US bar grating assets as part of previously announced US bar grating exit .To sell substantially all of its U.S. bar grating assets by its AMICO U.S. unit to a subsidiary of Nucor Corporation.  Full Article

Nucor posts Q4 earnings per share $0.50
Tuesday, 31 Jan 2017 10:06am EST 

Nucor Corp : Q4 average sales price per ton decreased 7 pct from Q3 of 2016 and was consistent with Q4 of 2015 . Comparative consolidated net earnings after retrospective application of change in accounting principle were $305.4 million, or $0.95 per share in Q3 . Nucor reports results for fourth quarter and year ended 2016 . Q4 sales $3.96 billion versus I/B/E/S view $3.78 billion . Q4 earnings per share $0.50 . Q4 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Included in q4 of 2016 results were effects of a change in estimate related to cost of certain inventories that resulted in a benefit of $77.6 million . Earnings in Q1 of 2017 are expected to increase compared to Q4 of 2016 . Total tons shipped to outside customers were 5,815,000 tons in Q4 of 2016, a 1 pct decrease from Q3 of 2016 . "We believe full year 2017 profitability could significantly exceed level achieved for 2016" . Average scrap and scrap substitute cost per ton used in Q4 of 2016 was $236, a decrease of 6 pct from $252 in Q3 of 2016 . Expect improved volume in Q1 of 2017 as compared to Q4 of 2016 for steel mills segment . Experienced decreased profitability for our steel products segment in Q4 of 2016 . Overall operating rates at our steel mills decreased to 74 pct in Q4 of 2016 as compared to 76 pct in Q3 of 2016 . Raw materials segment is expected to return to profitability in Q1 of 2017.  Full Article

Tenaris to sell its North American electric conduit business to Nucor
Thursday, 15 Dec 2016 05:18pm EST 

Tenaris SA :Tenaris to sell its North American electric conduit business to Nucor.  Full Article

Nucor sold 50 pct equity interest in Hunter Ridge Energy Services to Encana
Tuesday, 4 Oct 2016 09:00am EDT 

Nucor Corp: Purchased 49% of Encana's leasehold interest covering approximately 54,000 acres in south Piceance basin . Nucor sold its 50% equity interest in Hunter Ridge Energy Services LLC to Encana . Nucor retains all existing producing wells it currently owns . Nucor and Encana also terminated two carry and earning ("C&E") drilling agreements entered into in 2010 and 2012 .By canceling agreements, co has eliminated all future carry capital, contingent liabilities which should result in lower unit cost for future drilling.  Full Article

Nucor Q2 earnings per share $0.73
Thursday, 21 Jul 2016 09:00am EDT 

Nucor Corp : Total tons shipped to outside customers were 6,457,000 tons in Q2 of 2016, a 5% increase from Q1 of 2016 . Average scrap and scrap substitute cost per ton used during Q2 of 2016 was $232, an increase of 20% from $193 in Q1 . Flat-Rolled trade cases "having a positive impact" as steel imports are down in first five months of this year versus same period last year . Nucor Corp sees further "strong improvement" in earnings in Q3 of 2016 . Nucor reports results for second quarter and first half of 2016 . Q2 earnings per share $0.73 . Q2 sales $4.25 billion versus I/B/E/S view $4.5 billion . Q2 earnings per share view $0.70 -- Thomson Reuters I/B/E/S . Average sales price per ton in Q2 of 2016 increased 9% from Q1 of 2016 and decreased 9% from Q2 of 2015. . Performance of raw materials segment is expected to improve significantly in Q3 of 2016 . Expect a further improvement in sheet steel pricing and margins in Q3 of 2016. .Energy, heavy equipment and agricultural markets remain weak; automotive markets remain strong.  Full Article

Joy Global to sell Texas steel plate mill to Nucor Corp
Wednesday, 20 Jul 2016 06:20pm EDT 

Joy Global:Joy Global to sell Texas steel plate mill to Nucor Corporation.  Full Article

More From Around the Web

BRIEF-Andritz gets order from steel producer Nucor

* Has received an order from steel producer Nucor to supply turn-key production lines for its new specialty cold rolling mill complex at company's sheet steel mill in Hickman, Arkansas, USA