serts Nucor Corporation (NYSE:NUE) is facing some major macroeconomic headwinds in the coming year as the business climate declines sharply into contractionary territory. Management expects further declining steel prices and will offset prices with higher volumes, which will likely lead to tighter margins with the increased costs. Despite these broader challenges, public policy may provide some relief in the coming years as infrastructure and construction projects break ground with the help of funding b ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Nucor (NUE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 22, 2024, might help the stock move higher if these key numbers are better than expectations. On ...

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].

Company Performance - Nucor's stock closed at $168.39, reflecting a -1.68% change from the previous session, underperforming the S&P 500's daily gain of 0.03% [1] - Over the past month, Nucor shares declined by 2.27%, lagging behind the Basic Materials sector's gain of 2.94% and the S&P 500's gain of 4.19% [1] - Analysts expect Nucor to report earnings of $3.13 per share, indicating a year-over-year decline of 46.13%, with revenue projected at $8.16 billion, a 14.31% drop compared to the previous year [1] Full Year Estimates - For the full year, analysts anticipate earnings of $12.57 per share and revenue of $31.69 billion, representing changes of -30.17% and -8.71% respectively from the prior year [2] - Recent revisions to analyst forecasts for Nucor are crucial as they reflect changing business trends, with positive alterations indicating analyst optimism [2] Valuation and Industry Ranking - Nucor's Forward P/E ratio stands at 13.62, which is a premium compared to the industry's average Forward P/E of 10.84 [3] - The Steel - Producers industry, part of the Basic Materials sector, has a Zacks Industry Rank of 232, placing it in the bottom 8% of over 250 industries [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that Nucor currently holds a Zacks Rank of 3 (Hold) [3]

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 ...