Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Nick Gangestad was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Mar 30
Nucor Corporation, Annual General Meeting, May 14, 2026 Nucor Corporation, Annual General Meeting, May 14, 2026. Annonce • Mar 03
Nucor Corporation Announces Retirement of Daniel R. Needham as Executive Vice President of Commercial, Effective June 20, 2026 Nucor Corporation announced that Daniel R. Needham, Executive Vice President of Commercial, plans to retire effective June 20, 2026. Mr. Needham joined Nucor in 2000 as Controller at Nucor Steel Hertford County and subsequently served as Controller of Nucor Steel Decatur, LLC and Nucor Steel Utah. He later served as General Manager of Nucor Steel Connecticut Inc., Nucor Steel Utah and Nucor Steel Indiana. He was promoted to Vice President in 2016 and to Executive Vice President in 2021. Annonce • Feb 21
Nucor Corporation Announces Executive Changes Nucor Corporation announced 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 and Chief Operating Officer effective January 1, 2026. Mr. Sullivan, age 52, began his career with Nucor in 2022 as General Manager of Investor Relations and was promoted to his current role in 2025. Mr. Sullivan previously worked for Duke Energy for 13 years, holding positions of increasing responsibility across treasury, corporate development and investor relations. Prior to joining Duke Energy, he spent nine years in corporate and investment banking at Bank of America. He holds a Bachelor of Arts degree from the University of North Carolina at Chapel Hill and a Master of Business Administration from Wake Forest University. Steve Laxton was promoted to President and Chief Operating Officer effective January 1, 2026. Annonce • Jan 27
Nucor Corporation Provides Earnings Guidance for the First Quarter of 2026 Nucor Corporation provided earnings guidance for the first quarter of 2026. For the quarter, the company expects earnings to increase. Earnings are expected to increase across all three of the operating segments, with the largest increase in the steel mills segment. In the steel mills segment, the expected increase is due to higher volumes and higher realized prices across all major product categories. In the steel products segment, The company expects improved earnings in the first quarter due to increased volumes on stable pricing. The raw materials segment is expected to have increased earnings in the first quarter of 2026. Annonce • Dec 17
Nucor Corporation to Report Q4, 2025 Results on Jan 26, 2026 Nucor Corporation announced that they will report Q4, 2025 results After-Market on Jan 26, 2026 Annonce • Dec 02
Nucor Corporation Announces Increase Quarterly Cash Dividend, Payable on February 11, 2026 The Board of Directors of Nucor Corporation announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.56 per share. This cash dividend is payable on February 11, 2026 to stockholders of record on December 31, 2025. Annonce • Oct 29
Nucor Corporation Provides Consolidated Earnings Guidance for the Fourth Quarter of 2025 Nucor Corporation provided consolidated earnings guidance for the fourth quarter of 2025. The company expects consolidated earnings to be lower than the third quarter. They expect lower total volumes across all operating segments due to a combination of factors, including seasonal effects, Nucor's fiscal quarter continuing five less shipping days and two scheduled outages at DRI facilities during the fourth quarter. Annonce • Oct 28
Nucor Corporation Declares Cash Dividend, Payable on November 10, 2025 On September 4, 2025, Nucor's Board of Directors declared a cash dividend of $0.55 per share. This cash dividend is payable on November 10, 2025, to stockholders of record as of September 30, 2025 and is Nucor's 210 consecutive quarterly cash dividend. Annonce • Sep 05
Nucor Corporation Declares Regular Quarterly Cash Dividend, Payable on November 10, 2025 The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.55 per share on Nucor's common stock. This cash dividend is payable on November 10, 2025 to stockholders of record on September 30, 2025 and is Nucor's 210 consecutive quarterly cash dividend. Recent Insider Transactions • Aug 21
Executive Vice President of Strategy recently sold €1.2m worth of stock On the 18th of August, K. Query sold around 10k shares on-market at roughly €124 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.7m. Insiders have been net sellers, collectively disposing of €17m more than they bought in the last 12 months. Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: US$2.60 (vs US$2.68 in 2Q 2024) Second quarter 2025 results: EPS: US$2.60 (down from US$2.68 in 2Q 2024). Revenue: US$8.46b (up 4.7% from 2Q 2024). Net income: US$600.0m (down 6.5% from 2Q 2024). Profit margin: 7.1% (down from 7.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Jul 29
Nucor Corporation Provides Earnings Guidance for the Third Quarter 2025 Nucor Corporation provided earnings guidance for the third quarter 2025. For the quarter, company expected earnings to be nominally lower than the second quarter of 2025, due to decreased earnings in the steel mills segment and similar earnings in the steel products and raw materials segments. In the steel mills segment, despite resilient backlogs and a stable demand outlook, we expect margin compression in the third quarter of 2025 as compared to the second quarter of 2025. Annonce • Jun 10
Nucor Corporation Declares Quarterly Cash Dividend, Payable on August 11, 2025 The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.55 per share on Nucor's common stock. This cash dividend is payable on August 11, 2025 to stockholders of record on June 30, 2025 and is Nucor's 209 consecutive quarterly cash dividend. Annonce • Apr 29
Nucor Corporation Provides Earnings Guidance for the Second Quarter of 2025 Nucor Corporation provided earnings guidance for the second quarter of 2025. For the quarter, the company expects earnings to increase compared to the first quarter of 2025. Earnings in the second quarter are expected to increase across all three of the operating segments, with the largest increase in the steel mills segment. The expected increase in the steel mills segment earnings is primarily due to higher average selling prices at our sheet and plate mills. Earnings in the steel products segment are expected to increase in the second quarter of 2025 as compared to the first quarter of 2025 due to increased volumes. The raw materials segment is expected to have increased earnings in the second quarter of 2025. Annonce • Apr 25
Nucor Announces Promotion of Thomas J. Batterbee to Executive Vice President and Appointment of Elizabeth Bledsoe as President of Human Resources and Talent, Effective May 11, 2025 Nucor Corporation announced the promotion of Thomas J. Batterbee to the position of Executive Vice President of Human Resources and Talent and the appointment of Elizabeth Bledsoe to the newly created position of President of Human Resources and Talent, both effective May 11, 2025. In these roles, Mr. Batterbee and Ms. Bledsoe will focus on Nucor's enterprise talent development and human resources strategy. Mr. Batterbee began his Nucor career in 1989 at Nucor Building Systems Indiana. He was promoted to General Manager of Nucor Building Systems Texas in 2007 and later served as General Manager of Vulcraft New York, Nucor Buildings Group Utah and Nucor Steel South Carolina. Mr. Batterbee was promoted to Vice President in 2017 and was named to his current role as President of the Vulcraft/Verco Group in 2023. Ms. Bledsoe most recently served as Senior Vice President of Human Resources and Chief People Officer for MSC Industrial Direct Co. Inc., a distributor of metalworking and maintenance, repair and operations products and services. Prior to joining MSC in 2015, she served in human resources roles of increasing responsibility at Ingersoll-Rand plc from 1996 to 2015. Annonce • Apr 04
Chad Utermark Plans to Retire as Executive Vice President of New Markets and Innovation of Nucor Corporation, Effective June 7, 2025 Nucor Corporation announced that Chad Utermark, Executive Vice President of New Markets and Innovation, plans to retire effective June 7, 2025. Mr. Utermark began his Nucor career in 1992 as a utility operator at Nucor Steel Arkansas and has worked in various positions and businesses, including as Hot Mill Manager at Nucor Steel Arkansas; Roll Mill Manager at Nucor Steel Texas; Vice President and General Manager of Nucor Steel Texas and Vice President and General Manager of Nucor-Yamato Steel Company. He was promoted to Executive Vice President in 2014. Annonce • Mar 25
Nucor Corporation, Annual General Meeting, May 08, 2025 Nucor Corporation, Annual General Meeting, May 08, 2025. Annonce • Feb 19
Nucor Corporation Announces Executive Changes Nucor Corporation announced that Gregory J. Murphy, Executive Vice President of Business Services and General Counsel, plans to retire effective June 7, 2025 following a 36-year career. Mr. Murphy will transition out of his current responsibilities on March 9, 2025, when Benjamin M. Pickett will be promoted to Executive Vice President of Business Services and Douglas R. Wilner will be promoted to President of Corporate Legal Affairs and General Counsel. Over the next several months, Mr. Murphy will continue in his Executive Vice President capacity as an advisor to Leon Topalian, Nucor's Chair, President and Chief Executive Officer, and will work with Messrs. Pickett and Wilner to ensure a seamless transition. Mr. Murphy began his Nucor career in 2015 as Vice President and General Counsel. He assumed additional responsibilities for environmental and public affairs in 2020 and was promoted to his current role in 2021. Prior to joining Nucor, Mr. Murphy was a Partner with Moore & Van Allen PLLC in Charlotte, where he led the Litigation Practice Group and served for a decade on the firm's Executive Committee. Mr. Pickett began his career with Nucor in 2018 as Director of Corporate Legal Affairs. In 2020, he was promoted to General Manager and Counsel of Public Affairs and Government Relations and elected to Vice President in 2023. Prior to joining Nucor, he was a Partner with Moore & Van Allen, PLLC. He holds Bachelor of Arts and Juris Doctor degrees from the University of North Carolina at Chapel Hill. Mr. Wilner joined Nucor in 2016 as General Manager of Corporate Legal Affairs and was elected to Vice President in 2023. Before joining Nucor, he was an Assistant General Counsel at Monsanto Company and in private practice with law firms in St. Louis and Charlotte. He received Bachelor of Science and Master of Science degrees from Stanford University and a Juris Doctor degree from the University of Michigan Law School. Annonce • Feb 18
Nucor Corporation Declares Quarterly Cash Dividend, Payable on May 12, 2025 The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.55 per share on Nucor's common stock. This cash dividend is payable on May 12, 2025 to stockholders of record on March 31, 2025 and is Nucor's 208th consecutive quarterly cash dividend. Annonce • Dec 12
Nucor Corporation Announces Increase Quarterly Dividend, Payable on February 11, 2025 Nucor Corporation announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.55 per share. This cash dividend is payable on February 11, 2025 to stockholders of record on December 31, 2024 and is Nucor's 207 consecutive quarterly cash dividend. Nucor has increased its regular, or base, dividend for 52 consecutive years – every year since it first began paying dividends in 1973. Recent Insider Transactions • Nov 17
Insider recently sold €745k worth of stock On the 11th of November, Allen Behr sold around 5k shares on-market at roughly €150 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. Recent Insider Transactions • Nov 08
President recently sold €1.7m worth of stock On the 6th of November, Leon Topalian sold around 11k shares on-market at roughly €158 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Leon has been a net seller over the last 12 months, reducing personal holdings by €7.0m. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (8.0% net profit margin). Significant insider selling over the past 3 months (€1.2m sold). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €154, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 67% over the past three years. Recent Insider Transactions • Nov 01
Executive Vice President of Sheet recently sold €1.2m worth of stock On the 29th of October, K. Query sold around 9k shares on-market at roughly €136 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €20m more than they bought in the last 12 months. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: US$1.06 (vs US$4.58 in 3Q 2023) Third quarter 2024 results: EPS: US$1.06 (down from US$4.58 in 3Q 2023). Revenue: US$7.44b (down 15% from 3Q 2023). Net income: US$249.9m (down 78% from 3Q 2023). Profit margin: 3.4% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Sep 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€1.3m sold). Annonce • Sep 18
Nucor Corporation Provides Earnings Guidance for the Third Quarter of 2024 Nucor Corporation provided guidance for its third quarter ending September 28, 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share. Nucor reported net earnings of $2.68 per diluted share in the second quarter of 2024 and $4.57 per diluted share in the third quarter of 2023. Reflected in the third quarter of 2024 non-adjusted earnings guidance range are estimated one-time non-cash pre-tax charges of approximately $123 million, or $0.43 per diluted share, related to the impairment of certain non-current assets in the raw materials and steel products segments. Annonce • Sep 17
Nucor Corporation to Report Q3, 2024 Results on Oct 21, 2024 Nucor Corporation announced that they will report Q3, 2024 results After-Market on Oct 21, 2024 Declared Dividend • Sep 16
Second quarter dividend of US$0.54 announced Shareholders will receive a dividend of US$0.54. Ex-date: 27th September 2024 Payment date: 8th November 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Sep 13
Nucor Corporation Declares the Regular Quarterly Cash Dividend, Payable on November 8, 2024 The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on November 8, 2024 to stockholders of record on September 27, 2024 and is Nucor's 206th consecutive quarterly cash dividend. New Risk • Sep 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€1.3m sold). Recent Insider Transactions • Aug 02
Executive Vice President of Commercial recently sold €1.3m worth of stock On the 31st of July, Daniel Needham sold around 9k shares on-market at roughly €148 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €21m more than they bought in the last 12 months. New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$2.69 (vs US$5.82 in 2Q 2023) Second quarter 2024 results: EPS: US$2.69 (down from US$5.82 in 2Q 2023). Revenue: US$8.08b (down 15% from 2Q 2023). Net income: US$645.2m (down 56% from 2Q 2023). Profit margin: 8.0% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Declared Dividend • Jun 09
First quarter dividend of US$0.54 announced Shareholders will receive a dividend of US$0.54. Ex-date: 28th June 2024 Payment date: 9th August 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 6.8% over the next 3 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Annonce • Jun 08
Nucor Corporation Declares Regular Quarterly Cash Dividend, Payable on August 9, 2024 The Board of Directors of Nucor Corporation 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. Annonce • Jun 05
Nucor Corporation (NYSE:NUE) has entered into an agreement to acquire Rytec Corporation in a transaction valued at approximately $570 million. Nucor Corporation (NYSE:NUE) has entered into an agreement to acquire Rytec Corporation in a transaction valued at approximately $570 million on June 3, 2024. The all-cash transaction is valued at $565 million, which represents approximately 12.5x Rytec's estimated 2024 EBITDA. Rytec Corporation team will join Nucor Corporation. Annonce • May 11
Nucor Corporation Announces Executive Changes Nucor Corporation announced 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 General Manager of Nucor Steel Seattle Inc.; Vice President and General Manager of Nucor-Yamato Steel Company; President of Nucor Tubular Products; and President of Skyline Steel LLC. He was promoted to Executive Vice President in 2021. Effective May 12, 2024, Randy J. Spicer will be promoted to Executive Vice President. Mr. Spicer began his Nucor career in 2004 as Accounting Supervisor at Nucor Steel Indiana. In 2006, he joined the start-up team at Nucor Steel Memphis Inc. as Controller and subsequently served as Controller and Hot Mill Manager at Nucor Steel Gallatin LLC. He was promoted to General Manager of Nucor Tubular Products North in 2020 and elected to Vice President in 2022. He currently serves as President of Nucor Tubular Products. Annonce • Apr 23
Nucor Corporation Provides Earnings Guidance for the Second Quarter 2024 Nucor Corporation provided earnings guidance for the second quarter 2024. For the quarter, the company expects earnings in the second quarter of 2024 to decrease compared to the first quarter of 2024. The largest driver for the expected decrease in earnings in the second quarter of 2024 is the decreased earnings of the steel mills segment, primarily due to lower average selling prices partially offset by modestly increased volumes. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: US$3.48 (vs US$4.47 in 1Q 2023) First quarter 2024 results: EPS: US$3.48 (down from US$4.47 in 1Q 2023). Revenue: US$8.14b (down 6.6% from 1Q 2023). Net income: US$844.8m (down 25% from 1Q 2023). Profit margin: 10% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 19
Nucor Corporation Appoints Nicole B. Theophilus as Executive Vice President of Talent and Human Resources, Effective April 29, 2024 Nucor Corporation announced the appointment of Nicole B. Theophilus to the newly created position of Executive Vice President of Talent and Human Resources, effective April 29, 2024. In this role, Ms. Theophilus will focus on Nucor's enterprise talent development and human resources strategy. Ms. Theophilus, 54, most recently served as Executive Vice President and Chief Human Resources Officer of Wabtec Corporation, a global provider of equipment, systems, digital solutions and services for the freight and transit rail sectors. Her previous leadership roles include serving as Chief Human Resources Officer of West Corporation and ConAgra Foods Inc. Prior to joining ConAgra, she was a partner with the law firm of Blackwell Sanders Peper Martin, LLP (now known as Husch Blackwell). Buy Or Sell Opportunity • Apr 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €185. The fair value is estimated to be €154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings are also forecast to decline by 12% per annum over the same time period. Annonce • Apr 02
Nucor Corporation (NYSE:NUE) acquired Southwest Data Products for $115 million. Nucor Corporation (NYSE:NUE) acquired Southwest Data Products for $115 million on April 1, 2024..Nucor Corporation (NYSE:NUE) completed the acquisition of Southwest Data Products for $115 million on April 1, 2024. Annonce • Mar 24
Nucor Corporation, Annual General Meeting, May 09, 2024 Nucor Corporation, Annual General Meeting, May 09, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider election of Directors; to consider Ratification of the Appointment of Independent Registered Public Accounting Firm; to consider Approve Named Executive Officer Compensation; and to consider other business matters. Recent Insider Transactions • Mar 22
Insider recently sold €1.8m worth of stock On the 19th of March, Allen Behr sold around 10k shares on-market at roughly €175 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.8m. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.3%). Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$18.05 (vs US$28.88 in FY 2022) Full year 2023 results: EPS: US$18.05 (down from US$28.88 in FY 2022). Revenue: US$34.7b (down 16% from FY 2022). Net income: US$4.51b (down 41% from FY 2022). Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.54 announced Shareholders will receive a dividend of US$0.54. Ex-date: 27th March 2024 Payment date: 10th May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 32% over the next 3 years. However, it would need to fall by 87% to increase the payout ratio to a potentially unsustainable range. Annonce • Feb 20
Nucor Corporation Declares the Regular Quarterly Cash Dividend, Payable on May 10, 2024 The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on May 10, 2024 to stockholders of record on March 28, 2024 and is Nucor's 204th consecutive quarterly cash dividend. Recent Insider Transactions • Feb 08
President recently sold €2.8m worth of stock On the 6th of February, Leon Topalian sold around 17k shares on-market at roughly €170 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Leon has been a net seller over the last 12 months, reducing personal holdings by €8.3m. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: US$18.12 (vs US$28.88 in FY 2022) Full year 2023 results: EPS: US$18.12 (down from US$28.88 in FY 2022). Revenue: US$34.7b (down 16% from FY 2022). Net income: US$4.52b (down 40% from FY 2022). Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 21
President recently sold €2.4m worth of stock On the 18th of December, Leon Topalian sold around 15k shares on-market at roughly €161 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Leon has been a net seller over the last 12 months, reducing personal holdings by €5.5m. Upcoming Dividend • Dec 21
Upcoming dividend of US$0.54 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 09 February 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (8.1%). New Risk • Oct 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Significant insider selling over the past 3 months (€9.6m sold). Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: US$4.59 (vs US$6.51 in 3Q 2022) Third quarter 2023 results: EPS: US$4.59 (down from US$6.51 in 3Q 2022). Revenue: US$8.78b (down 16% from 3Q 2022). Net income: US$1.14b (down 32% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 4.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 49% per year. New Risk • Oct 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Significant insider selling over the past 3 months (€9.6m sold). Upcoming Dividend • Sep 21
Upcoming dividend of US$0.51 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 09 November 2023. Payout ratio is a comfortable 9.3% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (8.5%). Annonce • Aug 09
Nucor Corporation Announces the Addition of Nicholas C. Gangestad to the Its Board of Directors, Effective September 1, 2023 Nucor Corporation announced that on August 7, 2023, its Board of Directors elected Nicholas C. Gangestad as a director effective September 1, 2023. Mr. Gangestad, 58, currently serves as Senior Vice President and Chief Financial Officer of Rockwell Automation Inc., the larger company dedicated to industrial automation and digital transformation. Prior to joining Rockwell in 2021, he had a long career with 3M Company, a diversified technology company with a global presence in the fields of manufacturing, worker safety, healthcare and consumer goods. Mr. Gangestad served in various roles with 3M, including Senior Vice President and Chief Financial Officer from 2014 to 2020; Vice President, Controller and Chief Accounting Officer from 2011 to 2014; Director of Corporate Accounting from 2007 to 2011; and Vice President, Finance and Information Technology of 3M Canada from 2003 to 2007. Recent Insider Transactions • Aug 01
President recently sold €3.0m worth of stock On the 27th of July, Leon Topalian sold around 20k shares on-market at roughly €153 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Leon has been a net seller over the last 12 months, reducing personal holdings by €3.4m. Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: US$5.84 (vs US$9.69 in 2Q 2022) Second quarter 2023 results: EPS: US$5.84 (down from US$9.69 in 2Q 2022). Revenue: US$9.52b (down 19% from 2Q 2022). Net income: US$1.46b (down 43% from 2Q 2022). Profit margin: 15% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 4.9% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year whereas the company’s share price has increased by 58% per year. Annonce • Jul 25
Nucor Corporation Provides Earnings Guidance for the Third Quarter of 2023 Nucor Corporation provided earnings guidance for the third quarter of 2023. The company expects earnings in the third quarter of 2023 to decrease compared to the second quarter of 2023. Upcoming Dividend • Jun 22
Upcoming dividend of US$0.51 per share at 1.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.7%). Annonce • Jun 16
Nucor Corporation to Report Q2, 2023 Results on Jul 25, 2023 Nucor Corporation announced that they will report Q2, 2023 results Pre-Market on Jul 25, 2023 Annonce • Jun 09
Nucor Corporation Declares Regular Quarterly Cash Dividend on Nucor's Common Stock, Payable on August 11, 2023 The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.51 per share on Nucor's common stock. This cash dividend is payable on August 11, 2023 to stockholders of record on June 30, 2023 and is Nucor's 201st consecutive quarterly cash dividend. Annonce • May 13
Nucor Corporation Announces Promotion of Brad Ford to Executive Vice President Nucor Corporation announced that Brad Ford will be promoted to Executive Vice President of Fabricated Construction Products effective May 14, 2023.Mr. Ford began his career in 2001 as a Brokerage Representative at The David J. Joseph Company (DJJ), which Nucor acquired in 2008, and later served as District Manager and International Trading Manager. In 2013, he became Commercial Vice President at DJJ's subsidiary, Trademark Metals Recycling LLC (TMR), and then served as President of TMR from 2015 to 2020. Mr. Ford became General Manager of Vulcraft-Indiana in 2020. He became a vice president of Nucor Corporation in 2022 and currently serves as Vice President and General Manager of Nucor Steel Decatur, LLC. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: US$4.48 (vs US$7.69 in 1Q 2022) First quarter 2023 results: EPS: US$4.48 (down from US$7.69 in 1Q 2022). Revenue: US$8.71b (down 17% from 1Q 2022). Net income: US$1.14b (down 46% from 1Q 2022). Profit margin: 13% (down from 20% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 4.9% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.51 per share at 1.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.6%). Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$28.88 (vs US$23.23 in FY 2021) Full year 2022 results: EPS: US$28.88 (up from US$23.23 in FY 2021). Revenue: US$41.5b (up 14% from FY 2021). Net income: US$7.58b (up 12% from FY 2021). Profit margin: 18% (in line with FY 2021). Revenue is expected to fall by 7.8% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 02
Executive Vice President of Commercial recently sold €775k worth of stock On the 30th of January, Daniel Needham sold around 5k shares on-market at roughly €155 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.7m more than they bought in the last 12 months. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$29.00 (vs US$23.23 in FY 2021) Full year 2022 results: EPS: US$29.00 (up from US$23.23 in FY 2021). Revenue: US$41.5b (up 14% from FY 2021). Net income: US$7.61b (up 12% from FY 2021). Profit margin: 18% (in line with FY 2021). Revenue is expected to fall by 8.0% p.a. on average during the next 3 years compared to a 3.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 21
Now 22% undervalued Over the last 90 days, the stock is up 7.4%. The fair value is estimated to be €177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 86%. For the next 3 years, revenue is forecast to decline by 7.6% per annum. Earnings is also forecast to decline by 47% per annum over the same time period. Annonce • Jan 20
Nucor Corporation Introduces Elcyon(Tm), First Sustainable Steel Product Engineered Specifically for Offshore Wind Energy Applications Nucor Corporation introduced Elcyon(TM), the Company's new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America's offshore wind energy producers building the green economy and its necessary infrastructure. Nucor will manufacture Elcyon at the company's new, $1.7 billion Nucor Brandenburg steel mill in Kentucky, which produced its first steel plate at the end of December 2022. Elcyon is a clean, advanced steel product made using Nucor's recycled scrap-based electric arc furnace manufacturing process. Nucor's circular steelmaking route has a greenhouse gas emissions intensity that is one fifth the global blast furnace extractive steelmaking average, based on Scope 1 and 2 emissions. Utilizing Thermo-Mechanical Controlled Processing (TMCP) at the new mill, Elcyon, the only steel of its kind in the United States was created specifically to meet the rigorous quality standards of offshore wind energy designers, manufacturers and fabricators. Along with meeting Euronorm specs, Elcyon is characterized by larger plate dimensions, improved weldability and excellent fracture toughness, as compared to competing products. Elcyon will be an essential component of the supply chain to continue developing nation's offshore wind power infrastructure. The recent passage of the Inflation Reduction Act, which included $300 billion for clean energy development and climate programs, supports the Biden Administration's goal to build 30 gigawatts of offshore wind power by 2030. This could result in approximately 7.5 million tons of additional steel demand and create enough clean energy to power 10 million homes. Nucor Steel Brandenburg is the first steel plant in the world to pursue certification under LEED v4 from the U.S. Green Building Council, the highest standard for sustainable building design, construction, and operation. The new mill is located in the middle of the largest steel plate-consuming region in the country and will be able to produce 97% of plate products consumed domestically, with a potential output of 1.2 million tons of steel annually. Elcyon and the Brandenburg mill both draw upon Nucor's 50 years of industry leadership in sustainable steel production. From last year's launch of Econiq(TM), the net-zero steel available at scale, to recently becoming the first major industrial company to join the United Nations 24/7 Carbon-Free Energy Global Compact, Nucor has consistently worked to meet the needs of its customers and other stakeholders while protecting the well-being of planet. Annonce • Jan 07
Nucor Corporation to Report Q4, 2022 Results on Jan 26, 2023 Nucor Corporation announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Jan 26, 2023 Recent Insider Transactions • Dec 22
President recently sold €380k worth of stock On the 20th of December, Leon Topalian sold around 3k shares on-market at roughly €127 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €409k. Leon has been a net seller over the last 12 months, reducing personal holdings by €2.5m. 
