CHARLOTTE, N.C., July 9, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) second quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the second quarter ended June 29, 2024, followed by a question-and-answer session. The event will be available on the internet on July 23, 2024, at 10:00 a.m. Eastern Time.    What:    Nucor's S ...

Nucor Corporation (NUE) has announced its guidance for the second quarter of 2024. The company expects earnings between $2.20 per share and $2.30 per share. This compares unfavorably with $3.46 in the first quarter of 2024 and $5.81 in the second quarter of 2023.The primary factor behind the anticipated decrease is reduced earnings in the steel mills segment, mainly due to lower average selling prices and, to a lesser extent, lower volumes. The steel products segment is also expected to see decreased earnin ...

CHARLOTTE, N.C., June 14, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its second quarter ending June 29, 2024. Nucor expects second quarter earnings to be in the range of $2.20 to $2.30 per diluted share. Nucor reported net earnings of $3.46 per diluted share in the first quarter of 2024 and $5.81 per diluted share in the second quarter of 2023.The largest driver for the expected decrease in earnings in the second quarter of 2024 as compared to the first quarter of 2024 i ...

CHARLOTTE, N.C., June 6, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on August 9, 2024 to stockholders of record on June 28, 2024 and is Nucor's 205th consecutive quarterly cash dividend.About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced inclu ...

Nucor Corporation (NUE) announced an agreement to acquire Rytec Corporation, a leading manufacturer and seller of high-speed, high-performance commercial doors, for $565 million in an all-cash transaction. This represents approximately 12.5 times Rytec's projected 2024 EBITDA. Rytec, with more than 300 employees and two manufacturing facilities in Wisconsin, is renowned for its high-performance commercial doors.Rytec is a leader in high-performance commercial doors and serves several growing end-user market ...

Core Viewpoint - Nucor Corporation has announced the acquisition of Rytec Corporation for $565 million, aiming to expand its product portfolio and create cross-selling opportunities in the commercial sector [1][2]. Company Overview - Nucor Corporation is a leading manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico. Its product range includes various steel forms and related materials [4]. Acquisition Details - The acquisition of Rytec, valued at $565 million, represents approximately 12.5 times Rytec's estimated EBITDA for 2024. Rytec is recognized as a premier brand in high-performance commercial doors [1][2]. - Rytec operates two manufacturing facilities in Wisconsin and employs over 300 people. The company specializes in high-speed, high-performance commercial doors for various applications [1][2]. Strategic Rationale - The acquisition aligns with Nucor's strategy to diversify beyond its core steelmaking business into related downstream markets. This move is expected to enhance Nucor's product offerings and customer solutions in the commercial sector [2][3]. - Rytec's strong focus on product development and investment in technology and automation is anticipated to improve quality and efficiency within Nucor's operations [2]. Market Position - Rytec is noted for its high-speed Spiral® rigid rolling doors and durable fabric doors, serving markets such as warehouses, manufacturing facilities, and cold storage [2]. - The combination of Rytec with Nucor's existing overhead door business, C.H.I. Overhead Doors, is expected to create a comprehensive overhead door platform, enhancing product breadth and customer service [3].

Nucor (NUE) closed the latest trading day at $168.39, indicating a -1.68% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.03%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.59%.Shares of the steel company witnessed a loss of 2.27% over the previous month, trailing the performance of the Basic Materials sector with its gain of 2.94% and the S&P 500's gain of 4.19%.Investors will be eagerly watching for the performance of Nucor in its upcoming earnin ...

A month has gone by since the last earnings report for Nucor (NUE) . Shares have lost about 1.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Nucor due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Nucor's Earnings Lag, Revenues Beat Estimates in Q1Nucor report ...

CHARLOTTE, N.C., May 10, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that Executive Vice President Douglas J. Jellison plans to retire on June 8, 2024 after more than 33 years of service with Nucor. Mr. Jellison began his Nucor career in 1990 as Materials Manager at Nucor Bearing Products and has worked in various positions and businesses, including several controller and business development roles. Mr. Jellison served as General Manager of Nucor Bearing Products; Vice President and G ...

Key PointsFirst-quarter manufacturing earnings are on watch as companies like Nucor give mixed signals. Within the trends, investors can find the true momentum behind the industry and why Nucor's business could push higher. Analysts see double-digit upside, and markets are willing to pay a premium for future revenues; here's why.5 stocks we like better than NucorAfter outperforming the Industrial Select Sector SPDR Fund NYSEARCA: XLI by more than 15% over the past five months, shares of Nucor Co. NYSE: NUE ...