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Nucor Announces 212th Consecutive Cash Dividend and New Share Repurchase Program
Prnewswire· 2026-02-20 14:00
Core Viewpoint - Nucor Corporation has declared a quarterly cash dividend of $0.56 per share, marking its 212th consecutive cash dividend, and has approved a new share repurchase program of up to $4.00 billion [1] Dividend Announcement - The cash dividend of $0.56 per share is payable on May 11, 2026, to stockholders of record on March 31, 2026 [1] - This represents Nucor's 212th consecutive quarterly cash dividend [1] Share Repurchase Program - The Board of Directors has authorized the repurchase of up to $4.00 billion of the Company's outstanding common stock [1] - This new authorization replaces a previously authorized $4.00 billion repurchase program, under which approximately $3.69 billion had been repurchased since May 2023 [1] - Share repurchases will occur in the open market or through private transactions, depending on market conditions and other factors [1] Company Overview - Nucor is a leading manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico [1] - The company produces a wide range of products, including carbon and alloy steel, structural tubing, and various steel components [1] - Nucor is recognized as North America's largest recycler [1]
Nucor Announces Promotion of Jack Sullivan to Chief Financial Officer, Treasurer and Executive Vice President
Prnewswire· 2026-02-20 13:30
Nucor Announces Promotion of Jack Sullivan to Chief Financial Officer, Treasurer and Executive Vice President [Accessibility Statement] Skip NavigationCHARLOTTE, N.C., Feb. 20, 2026 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that John L. "Jack" Sullivan, Vice President, Treasurer and General Manager of Investor Relations, will be promoted to Chief Financial Officer, Treasurer and Executive Vice President effective March 1, 2026. He will succeed Steve Laxton, who was promoted to President ...
Nucor Reports Results for the Fourth Quarter of 2025
Prnewswire· 2026-01-26 21:30
Financial Performance - Nucor Corporation reported consolidated net earnings of $378 million, or $1.64 per diluted share, for Q4 2025, a decrease from $607 million, or $2.63 per diluted share, in Q3 2025, but an increase from $287 million, or $1.22 per diluted share, in Q4 2024 [1][7] - Adjusted net earnings for Q4 2025, excluding impairment charges, were $400 million, or $1.73 per diluted share [1][7] - Net sales for Q4 2025 were $7.69 billion, compared to $8.52 billion in Q3 2025 and $7.08 billion in Q4 2024 [7][19] Segment Performance - The steel mills segment saw earnings decrease due to lower volumes and margin compression, particularly in sheet products [5] - The steel products segment also experienced a decline in earnings due to lower volumes and higher average costs per ton, although partially offset by higher average realized pricing [5] - The raw materials segment's earnings decreased mainly due to scheduled outages at direct reduced iron facilities [5] Asset Impairments - The fourth quarter included impairment charges of $21 million related to the closure or repurposing of certain facilities in the steel products segment and $6 million for impairments of non-current assets in the steel mills segment [2] Capital Management - Nucor repurchased approximately 0.7 million shares at an average price of $145.23 per share during Q4 2025, totaling about 5.4 million shares for the full year at an average price of $128.66 [8] - The company declared a cash dividend of $0.56 per share, marking its 211th consecutive quarterly cash dividend, with a history of increasing dividends for 53 consecutive years [9][10] Financial Strength - As of the end of Q4 2025, Nucor had $2.70 billion in cash and cash equivalents, with an undrawn $2.25 billion revolving credit facility [6] - The company maintains strong credit ratings in the North American steel sector, rated A-/A-/A3 with stable outlooks [6] Outlook - Nucor anticipates earnings to increase in Q1 2026 across all operating segments, with the steel mills segment expected to see the largest increase due to higher volumes and realized prices [11] - The company is encouraged by robust demand in key end markets and strong backlogs, supported by federal policies favoring the domestic steel industry [4]
Nucor Invites You to Join Its Fourth Quarter of 2025 Conference Call on the Web
Prnewswire· 2026-01-13 14:00
Core Viewpoint - Nucor Corporation will host a live conference call to discuss its fourth quarter earnings for the year ended December 31, 2025, on January 27, 2026, at 10:00 a.m. Eastern Time [1][3]. Group 1: Company Overview - Nucor and its affiliates are engaged in the manufacturing of steel and steel products, with operations in the United States, Canada, and Mexico [2]. - The range of products includes carbon and alloy steel in various forms such as bars, beams, sheets, and plates, as well as hollow structural section tubing and other steel-related products [2]. - Nucor is recognized as North America's largest recycler, also involved in brokering ferrous and nonferrous metals, pig iron, and hot briquetted iron [2]. Group 2: Conference Call Details - The conference call will be hosted by Leon Topalian, Nucor's Chair, President, and CEO, and will include a review of the company's fourth quarter results followed by a Q&A session [1]. - Participants can access the live event through specified web links, and an archived version will be available for those unable to attend live [3].
Nucor Invites You to Join Its Third Quarter of 2025 Conference Call on the Web
Prnewswire· 2025-10-14 13:00
Company Overview - Nucor Corporation is a leading manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico [2] - The company produces a wide range of products including carbon and alloy steel in various forms such as bars, beams, sheets, and plates, as well as hollow structural section tubing and fabricated concrete reinforcing steel [2] - Nucor is recognized as North America's largest recycler, engaging in the brokerage of ferrous and nonferrous metals, pig iron, and hot briquetted iron [2] Upcoming Events - Nucor will host a live conference call on October 28, 2025, at 10:00 a.m. Eastern Time to discuss its third quarter earnings results for the period ending October 4, 2025 [1]
Nucor Announces Guidance for the Third Quarter of 2025 Earnings
Prnewswire· 2025-09-17 20:30
Core Viewpoint - Nucor Corporation anticipates a decrease in earnings for the third quarter of 2025 compared to the previous quarter, with expected earnings per diluted share ranging from $2.05 to $2.15, down from $2.60 in Q2 2025 and $1.05 in Q3 2024 [1][2]. Group 1: Earnings Guidance - Nucor expects third quarter earnings to be between $2.05 and $2.15 per diluted share [1]. - The company reported net earnings of $2.60 per diluted share in Q2 2025 and $1.05 per diluted share in Q3 2024 [1]. Group 2: Segment Performance - Earnings are projected to decline across all three operating segments compared to Q2 2025 [2]. - The steel mills segment is expected to see lower earnings due to reduced volumes and margin compression [2]. - The steel products segment anticipates decreased earnings due to higher average costs per ton despite stable pricing and volumes [2]. - The raw materials segment is expected to experience lower earnings due to reduced profitability in scrap processing operations [2]. Group 3: Share Repurchase and Returns - Nucor has repurchased approximately 0.7 million shares at an average price of $140.46 per share during the third quarter [3]. - Year-to-date, the company has repurchased approximately 4.8 million shares at an average price of $126.26 per share [3]. - Nucor has returned approximately $985 million to stockholders through share repurchases and dividends year-to-date [3]. Group 4: Upcoming Earnings Release - Nucor plans to release its earnings after market close on October 27, 2025, and will host a conference call on October 28, 2025, at 10:00 a.m. Eastern Time to discuss the results [4].
Is Nucor Stock Underperforming the S&P 500?
Yahoo Finance· 2025-09-11 13:20
Company Overview - Nucor Corporation (NUE) is a leading manufacturer and seller of steel and steel products, with a market cap of $32.4 billion. Its product range includes carbon and alloy steel, steel joints, and metal building systems, among others [1] - The company is classified as a large-cap stock due to its market capitalization exceeding $10 billion, highlighting its significant influence in the steel industry [2] Financial Performance - Nucor's stock has experienced a decline of 16.8% from its 52-week high of $170.52, reached on November 6, 2024. However, it has gained 13.8% over the past three months, outperforming the S&P 500 Index, which gained 8.2% in the same period [3] - Year-to-date, NUE shares have risen by 21.6%, surpassing the S&P 500's YTD gains of 11.1%. Over the past 52 weeks, NUE's stock increased by 1.6%, underperforming the S&P 500's 18.9% returns [4] Recent Earnings Report - In its Q2 results, Nucor reported an EPS of $2.60, which fell short of Wall Street's expectations of $2.62. However, its revenue of $8.5 billion exceeded forecasts of $8.4 billion [5] Market Position and Analyst Sentiment - Nucor's vertical integration and diverse product portfolio enhance its operational efficiency and revenue potential. The company also engages in strategic equity investments to expand its market reach [2] - Wall Street analysts maintain a bullish outlook on Nucor, with a consensus "Strong Buy" rating from 14 analysts. The mean price target of $158.58 indicates a potential upside of 11.8% from current levels [6]
Nucor Invites You to Join Its Second Quarter of 2025 Conference Call on the Web
Prnewswire· 2025-07-15 13:00
Core Insights - Nucor Corporation will host a live conference call to discuss its second quarter earnings for 2025 on July 29, 2025, at 10:00 a.m. Eastern Time [1][2] - The conference call will be led by Leon Topalian, Nucor's Chair, President, and CEO, and will include a review of the company's financial results followed by a Q&A session [1] Company Overview - Nucor and its affiliates are engaged in the manufacturing of steel and steel products, with operations in the United States, Canada, and Mexico [2] - The range of products includes carbon and alloy steel in various forms such as bars, beams, sheets, plates, and more, as well as fabricated concrete reinforcing steel and metal building systems [2] - Nucor is recognized as North America's largest recycler and also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron [2]
Nucor Invites You to Join Its First Quarter of 2025 Conference Call on the Web
Prnewswire· 2025-04-15 13:00
Core Insights - Nucor Corporation will host a live conference call to discuss its first quarter earnings for 2025 on April 29, 2025, at 10:00 a.m. Eastern Time [1][3] - The conference call will be led by Leon Topalian, Nucor's Chair, President, and CEO, and will include a review of the company's financial results followed by a Q&A session [1] Company Overview - Nucor and its affiliates are engaged in the manufacturing of steel and steel products, with operations in the United States, Canada, and Mexico [2] - The company produces a wide range of products including carbon and alloy steel in various forms such as bars, beams, sheets, and plates, as well as structural tubing and fabricated concrete reinforcing steel [2] - Nucor is recognized as North America's largest recycler and also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron [2]
Nucor Executive Vice President Chad Utermark to Retire
Prnewswire· 2025-04-04 13:00
Company Leadership Transition - Chad Utermark, Executive Vice President of New Markets and Innovation at Nucor Corporation, will retire effective June 7, 2025 [1] - Utermark has been with Nucor since 1992, holding various positions including Hot Mill Manager and Vice President and General Manager at different facilities [2] - Leon Topalian, Nucor's Chair, President, and CEO, praised Utermark for his dedication and leadership over the past three decades, highlighting his role in the company's Expand Beyond vision and various acquisitions [3] Company Overview - Nucor Corporation is a manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico [4] - The company produces a wide range of products including carbon and alloy steel, structural tubing, electrical conduit, and various fabricated steel products [4] - Nucor is recognized as North America's largest recycler and also brokers ferrous and nonferrous metals through its subsidiary, The David J. Joseph Company [4]