Duyuru • Mar 30
Nucor Corporation, Annual General Meeting, May 14, 2026 Nucor Corporation, Annual General Meeting, May 14, 2026. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • Mar 25
Nucor Corporation, Annual General Meeting, May 08, 2025 Nucor Corporation, Annual General Meeting, May 08, 2025. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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). Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • Oct 22
Nucor Corporation Provides Earnings Guidance for the Fourth Quarter of 2022 Nucor Corporation provided earnings guidance for the fourth quarter of 2022. The company expects fourth quarter of 2022 earnings to be decreased from the third quarter of 2022. In the steel mills segment, The company expects considerably lower earnings in the fourth quarter of 2022 as compared to the third quarter of 2022 due to lower average selling prices and lower volumes, with the largest decrease in profitability expected at sheet mills. The steel products segment is expected to have another strong quarter in the fourth quarter of 2022, but the segment's profitability is anticipated to decrease from the third quarter of 2022 primarily due to typical seasonality experienced in the fourth quarter. The raw materials segment is expected to have significantly decreased earnings in the fourth quarter of 2022 as compared to the third quarter of 2022 due to decreased selling prices for raw materials. Duyuru • Sep 21
Nucor Corporation Announces New Steel Plate Mill Being Built in Brandenburg, Kentucky Has Publicly Registered to Pursue Leed v4 for Building and Design Certification Nucor Corporation announced that the new steel plate mill being built in Brandenburg, Kentucky has publicly registered to pursue LEED v4 for Building and Design certification. Nucor Steel Brandenburg is the first steel mill in the world to pursue certification under LEED v4, which is more stringent than previous LEED rating systems and ambitiously aligns each credit category with sustainable performance, climate change, and revolutionizes the manufacturing landscape through third-party transparency and reporting requirements. The specific LEED features of Nucor Steel Brandenburg include preservation of a large portion of forested area on the property, lighting reduction strategies, reduced parking footprint, support for green vehicles, and water and energy efficiency measures. In addition, over 75% of the construction waste generated building the steel mill has been diverted from landfills. Sustainable building materials, many directly produced by Nucor divisions, have also been used in the construction of the mill. In addition to pursuing LEED v4 certification, Nucor will continue to be the sustainable leader in the steel industry by further reducing greenhouse gas (GHG) intensity, which is already among the lowest in the world. Nucor is lowering its GHG intensity by increasing its utilization of renewable energy and supporting the continued growth of clean power generation in the U.S.; investing in new energy efficiency technologies; capturing and storing CO2 emissions; and encouraging GHG reductions throughout the steel supply chain. Through its use of recycled scrap-based electric arc furnaces, Nucor's steelmaking GHG intensity is less than one-fourth of the global average and one-fifth of the average integrated steel producer. Earlier this year, Nucor began producing Econiq™, the world's first net-zero carbon steel at scale, to help its customers meet their sustainability goals. Duyuru • Sep 15
Nucor Corporation Provides Earnings Guidance for the Third Quarter Ending October 1, 2022 Nucor Corporation provided earnings guidance for the third quarter ending October 1, 2022. The company expects third quarter earnings to be in the range of $6.30 to $6.40 per diluted share. Duyuru • Aug 10
Nucor Announces the Addition of Michael W. Lamach to the Nucor Board of Directors, Effective September 1, 2022 Nucor Corporation announced that on August 8, 2022, its Board of Directors elected Michael W. Lamach as a director, effective September 1, 2022. Mr. Lamach, 59, served as Executive Chair of Trane Technologies plc, a global leader in climate control and climate-focused innovations for buildings, homes and transportation, from July 2021 until his retirement in December 2021. Previously, Mr. Lamach served as Chairman and Chief Executive Officer of Trane Technologies from its separation from Ingersoll-Rand plc in February 2020 to July 2021. Mr. Lamach served in a number of leadership roles with Ingersoll-Rand, including Chairman and Chief Executive Officer from June 2010 to February 2020, President and Chief Executive Officer from February 2010 to June 2010, President and Chief Operating Officer from 2009 to February 2010, President of Trane Commercial Systems from 2008 to 2009, and President of the Security Technologies Sector from 2004 to 2008. Prior to his time with Ingersoll-Rand, Mr. Lamach spent 17 years in a variety of management positions with Johnson Controls International plc. Mr. Lamach currently serves on the board of directors of PPG Industries Inc. He served as a director of Ingersoll-Rand from 2010 to 2020 and of Trane Technologies from 2020 to 2021. Mr. Lamach also served as Chair of the Board of the National Association of Manufacturers from 2019 to 2021. Duyuru • Jul 22
Nucor Corporation Provides Earnings Guidance for the Third Quarter of 2022 Nucor Corporation provided earnings guidance for the third quarter of 2022. Though they expect a decrease from the record-setting second quarter, they expect another strong quarter of profitability in the third quarter of 2022. They expect the steel mills segment earnings to be sequentially lower in the third quarter of 2022, due to lower expected shipment volumes and average selling prices, particularly at sheet and plate mills. The steel products segment is expected to have another very strong quarter in the third quarter of 2022, with earnings roughly in-line with the second quarter of 2022. Raw materials segment earnings are expected to improve in the third quarter of 2022 due to higher realized pricing at DRI facilities. Duyuru • Jun 25
Nucor Corporation (NYSE:NUE) completed the acquisition of C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. (NYSE:KKR) and others. Nucor Corporation (NYSE:NUE) entered into an agreement to acquire C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. (NYSE:KKR) and others for $3 billion on May 11, 2022. The cash purchase price of $3 billion is on a debt-free, cash-free basis. The transaction is valued at $3 billion, which represents approximately 13x C.H.I.'s estimated trailing twelve-month EBITDA at close. All C.H.I. employees will receive a substantial cash payout on their equity in the Company. The transaction will be funded from available liquidity sources. Under the transaction, C.H.I.’s leadership team, led by Chief Executive Officer Dave Bangert, is expected to remain in place and continue to run the business under the C.H.I name. All of the C.H.I. team members will be joining the Nucor family.
The transaction is subject to pending regulatory approvals, HSR review and other customary closing conditions. The transaction is expected to close late in Q2 2022 or early in Q3 2022. The transaction will be immediately accretive to earnings in its first year of Nucor's ownership. Moelis & Company LLC acted as the financial advisor and Moore & Van Allen PLLC acted as the legal advisor to Nucor Corporation. Goldman Sachs acted as the lead financial advisor, UBS acted as the co-financial advisor and Jennifer S. Perkins, Lukas David Richards, Benjamin M. Schreiner and Adam Kool from Kirkland & Ellis LLP acted as the legal advisor to KKR and C.H.I.
Nucor Corporation (NYSE:NUE) completed the acquisition of C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. (NYSE:KKR) and others on June 24, 2022. Duyuru • Jun 16
Nucor Corporation Provides Earnings Guidance for the Second Quarter Ending July 2, 2022 Nucor Corporation provided earnings guidance for the second quarter ending July 2, 2022. The company expects second quarter earnings to be in the range of $8.75 to $8.85 per diluted share, which would surpass the previous quarterly earnings record of $7.97 per diluted share set in the fourth quarter of 2021. Duyuru • Jun 10
Nucor Corporation Declares Cash Dividend, Payable on August 11, 2022 The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.50 per share on Nucor's common stock. This cash dividend is payable on August 11, 2022 to stockholders of record on June 30, 2022 and is Nucor's 197th consecutive quarterly cash dividend. Duyuru • Jun 08
Nucor Corporation (NYSE:NUE) entered into an agreement to acquire Summit Utility Structures LLC/Sovereign Steel Manufacturing LLC from Summit Utility Structures, LLC and Sovereign Steel Manufacturing LLC. Nucor Corporation (NYSE:NUE) entered into an agreement to acquire Summit Utility Structures LLC/Sovereign Steel Manufacturing LLC from Summit Utility Structures, LLC and Sovereign Steel Manufacturing LLC on June 7,2022. This acquisition will become part of a new business unit, Nucor Towers & Structures. Duyuru • May 17
Nucor Corporation (NYSE:NUE) entered into an agreement to acquire C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. (NYSE:KKR) and others for $3 billion. Nucor Corporation (NYSE:NUE) entered into an agreement to acquire C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. (NYSE:KKR) and others for $3 billion on May 11, 2022. The cash purchase price of $3 billion is on a debt-free, cash-free basis. The transaction is valued at $3 billion, which represents approximately 13x C.H.I.'s estimated trailing twelve-month EBITDA at close. All C.H.I. employees will receive a substantial cash payout on their equity in the Company. The transaction will be funded from available liquidity sources. Under the transaction, C.H.I.’s leadership team, led by Chief Executive Officer Dave Bangert, is expected to remain in place and continue to run the business under the C.H.I name. All of the C.H.I. team members will be joining the Nucor family.
The transaction is subject to pending regulatory approvals, HSR review and other customary closing conditions. The transaction is expected to close late in Q2 2022 or early in Q3 2022. The transaction will be immediately accretive to earnings in its first year of Nucor's ownership. Moelis & Company LLC acted as the financial advisor and Moore & Van Allen PLLC acted as the legal advisor to Nucor Corporation. Goldman Sachs acted as the lead financial advisor, UBS acted as the co-financial advisor and Jennifer S. Perkins, P.C. from Kirkland & Ellis LLP acted as the legal advisor to KKR and C.H.I. Duyuru • May 14
Nucor Corporation Announces Executive Changes Nucor Corporation announced that MaryEmily Slate, Executive Vice President of Commercial, plans to retire due to health issues on June 11, 2022 after more than 21 years of service with Nucor. Effective May 15, 2022, Dan Needham, Nucor's Executive Vice President of Bar, Engineered Bar and Rebar Fabrication Products, will become Executive Vice President of Commercial. In his new role, Mr. Needham will focus on Nucor's comprehensive enterprise commercial strategy.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. Also effective May 15, 2022, John Hollatz will be promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication Products. Mr. Hollatz began his career with Nucor in 1999 as Design Engineer at Vulcraft Indiana and then served as Sales Engineer and Sales Manager at Vulcraft Nebraska. Chad Utermark, Nucor's Executive Vice President of Fabricated Construction Products, has been appointed to the newly created position of Executive Vice President of New Markets and Innovation effective May 15, 2022. In his new role, Mr. Utermark will focus on Nucor's continued growth into new markets and the integration of new businesses into the core operations of the Company. Duyuru • Apr 23
Nucor Corporation Provides Earnings Guidance for the Second Quarter and Full Year of 2022 Nucor Corporation provided earnings guidance for the second quarter and full year of 2022. The company expects that the second quarter of 2022 will be the most profitable quarter in Nucor's history, surpassing the previous record set in the fourth quarter of 2021.End-use market demand remains strong for steel and steel products, and the company remain confident that 2022 will be another year of very strong earnings and cash flow. Duyuru • Apr 21
Nucor Corporation to Report Q1, 2022 Results on Apr 21, 2022 Nucor Corporation announced that they will report Q1, 2022 results on Apr 21, 2022 Duyuru • Apr 07
Nucor Corporation announced that it expects to receive $15 million in funding Nucor Corporation announced a private placement of common shares for gross proceeds of $15 million on April 6, 2022. The transaction is expected to close in second quarter of 2022. Duyuru • Apr 06
Nucor Corporation (NYSE:NUE) acquired Elite Storage Solutions Inc. for $75 million. Nucor Corporation (NYSE:NUE) acquired Elite Storage Solutions Inc. for $75 million on April 5, 2022.
Nucor Corporation (NYSE:NUE) completed the acquisition of Elite Storage Solutions Inc. on April 5, 2022. Duyuru • Feb 04
Nucor Corporation (NYSE:NUE) completed the acquisition of 51% stake in California Steel Industries Inc. from Vale Canada Limited and JFE Steel Corporation. Nucor Corporation (NYSE:NUE) entered into an agreement to acquire a 51% stake in California Steel Industries Inc. from Vale Canada Limited and JFE Steel Corporation on December 13, 2021. As per the terms, Nucor will acquire 50% stake from Vale for $400 million and 1% from JFE Steel. California Steel Industries will become a joint venture between Nucor and JFE. The transaction is subject to approval by regulatory approvals. Jefferies LLC acted as financial advisor to Vale on the transaction.
As of February 1, 2022, Nucor Corporation completed the acquisition of a 50% stake in California Steel Industries Inc. from Vale Canada Limited. Vale received $436.7 million in cash, of which $400 million for 50% of the enterprise value and the remaining for the adjusted net debt and working capital at closing.
Nucor Corporation (NYSE:NUE) completed the acquisition of 51% stake in California Steel Industries Inc. from Vale Canada Limited and JFE Steel Corporation on February 3, 2022. Duyuru • Jan 28
Nucor Corporation Provides Earnings Guidance for First Quarter of 2022 Nucor Corporation provided earnings guidance for first quarter of 2022. For the period, the company expects consolidated net earnings attributable to company's stockholders will be slightly reduced from the record results of the fourth quarter of 2021. Diluted earnings per share will benefit from lower weighted average shares outstanding. Duyuru • Dec 16
Nucor Corporation Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2021 Nucor Corporation provided earnings guidance for the fourth quarter ending December 31, 2021. For the quarter, the company expects earnings to be in the range of $7.65 to $7.75 per diluted share. Fourth quarter of 2021 earnings are expected to be the high quarterly earnings in Nucor history, surpassing the previous record of $7.28 per diluted share that was set in the third quarter of 2021. Duyuru • Dec 03
Nucor Corporation (NYSE:NUE) announces an Equity Buyback for $4,000 million worth of its shares. Nucor Corporation (NYSE:NUE) announces a share repurchase program. Under the program, the company will repurchase up to $4,000 million worth of its common stock. The repurchase program has no expiration date. Duyuru • Sep 19
Nucor Corporation Provides Earnings Guidance for the Third Quarter Ending October 2, 2021 Nucor Corporation provided guidance for its third quarter ending October 2, 2021. Nucor expects third quarter earnings to be in the range of $7.30 to $7.40 per diluted share. Third quarter of 2021 earnings are expected to be the highest quarterly earnings in Nucor history, surpassing the previous record of $5.04 per diluted share set in the second quarter of 2021. Duyuru • Aug 24
Nucor Corporation (NYSE:NUE) completed the acquisition of Hannibal Industries, Inc. from Employee Stock Ownership Plan of Hannibal Industries, Inc. Nucor Corporation (NYSE:NUE) entered into an agreement to acquire Hannibal Industries, Inc. from Employee Stock Ownership Plan of Hannibal Industries, Inc. for $370 million on July 20, 2021. Consideration of $370 million represents 6.9x EBITDA for the trailing-twelve months ended March 2021. Hannibal Industries, Inc. reported an EBITDA of $53.62 million for the year ended March 31, 2021. Closing of the transaction is pending approvals. The transaction is expected to close in August of 2021. Lincoln Partners Advisors LLC acted as exclusive financial advisor to Hannibal Industries, Inc.
Nucor Corporation (NYSE:NUE) completed the acquisition of Hannibal Industries, Inc. from Employee Stock Ownership Plan of Hannibal Industries, Inc. on August 23, 2021. Hannibal employees will join Nucor. Duyuru • Jul 24
Nucor Corporation Provides Earnings Guidance for the Third Quarter of 2021 Nucor Corporation provided earnings guidance for the third quarter of 2021. The company expects earnings in the third quarter of 2021 to be the highest quarterly earnings in Nucor history, surpassing the record set in the second quarter of 2021. The primary drivers for the expected increase in earnings in the third quarter of 2021 are improved pricing and margins in the steel mills segment. The company expects increased profitability across the steel mills segment, with the largest increase at sheet mills. The steel products segment and the raw materials segment are expected to have increased earnings in the third quarter of 2021 compared to the second quarter of 2021. Duyuru • Jun 17
Nucor Corporation Provided Earnings Guidance for the Second Quarter Ending July 3, 2021 Nucor Corporation provided earnings guidance for the second quarter ending July 3, 2021. For the second quarter, the company expects second quarter earnings to be in the range of $4.60 to $4.70 per diluted share. Second quarter of 2021 earnings are expected to be the highest quarterly earnings in Nucor history, surpassing the previous record set in the first quarter of 2021 of $3.10 per diluted share. Included in the second quarter of 2021 guidance range is an estimated $42 million (approximately $0.11 per diluted share) non-cash impairment charge related to leasehold interest in unproved oil and natural gas properties. Duyuru • Jun 09
JSW Steel (USA) Inc. and JSW USA Steel Ohio, Inc. Announce the Filing of A Federal Court Lawsuit in the Southern District of Texas Against Nucor Corp., United States Steel Corp., and Cleveland-Cliffs, Inc JSW Steel (USA) Inc. and JSW USA Steel Ohio Inc. announced the filing of a federal court lawsuit in the Southern District of Texas against three of the domestic steel companies, Nucor Corp., United States Steel Corp., and Cleveland-Cliffs Inc., including its recent acquisition, AK Steel Holding Corp. The lawsuit alleges that the defendant companies conspired to boycott and refused to supply plaintiffs with a critical feedstock (domestic semi-finished steel slab) beginning in 2018 and continuing until June 8, 2021. The plaintiffs allege that defendants' cartel cost them hundreds of millions of dollars in lost profits, increased their expenses and caused them other damages, and also led to higher prices and significant harm to U.S. steel buyers and significantly fewer jobs for U.S. steelworkers. JSW Steel (USA) Board member, said that the defendants have long been the dominant U.S. steel companies and used and continue to use anticompetitive tactics against smaller producers like JSW to succeed at all costs. The plaintiffs' Complaint is based upon the federal antitrust laws and Texas state laws as well. It seeks treble damages, which are automatic under the federal antitrust laws, compensatory and exemplary damages, and attorneys' fees and costs. Duyuru • May 14
Nucor Corporation (NYSE:NUE) announces an Equity Buyback for $3,000 million worth of its shares. Nucor Corporation (NYSE:NUE) announces a share repurchase program. Under the program, the company will repurchase up to $3,000 million worth of its common stock. The repurchase program has no expiration date. Duyuru • Apr 24
Nucor Corporation Provides Financial Outlook for the Second Quarter of 2021 Nucor Corporation provided financial outlook for the second quarter of 2021. The company expects earnings in the second quarter of 2021 to be the higher quarterly earnings in Nucor history, surpassing the record set in the first quarter of 2021. The primary drivers for the expected increase in earnings in the second quarter of 2021 as compared to the first quarter of 2021 are improved pricing and margins in the steel mills segment. The segment's large increases in performance are expected at the sheet and plate mills. The steel products segment is expected to have another strong quarter in the second quarter of 2021 that will be comparable to the first quarter of 2021. The profitability of the raw materials segment is expected to decrease in the second quarter of 2021 as compared to the first quarter of 2021 due to rising raw materials input costs. Duyuru • Jan 26
Nucor Corporation Announces Resignation of Gen. Lloyd J. Austin III from Board of Directors Gen. Lloyd J. Austin III has notified Nucor Corporation (the “Company”) of his resignation, effective January 22, 2021, from the Company’s Board of Directors (the “Board”) and from his positions as a member of the Audit Committee, the Compensation and Executive Development Committee and the Governance and Nominating Committee of the Board. Gen. Austin is resigning in connection with his appointment to serve as the United States Secretary of Defense and not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Duyuru • Jan 15
Nucor Corporation Announces Management Changes Nucor Corporation announced that Executive Vice President of Raw Materials, Craig A. Feldman, plans to retire in June of this year after 35 years of service with the company. Effective February 1, 2021, Daniel R. Needham will be promoted to Executive Vice President of Bar and Rebar Fabrication Products. Duyuru • Dec 20
Nucor Corporation Announces Executive Changes Nucor Corporation announced that its Board of Directors has elected Executive Vice President David A. Sumoski as Chief Operating Officer, effective January 1, 2021. Mr. Sumoski, currently Executive Vice President of Bar, Rebar Fabrication and Construction Services, joined Nucor in 1995 as an electrical supervisor at Nucor Steel Berkeley, later serving as Maintenance Manager. Mr. Sumoski's replacement will be named at a later date.
Nucor also announced the following additional executive-level promotions effective January 1, 2021: MaryEmily Slate, Nucor's Executive Vice President of Sheet and Tubular Products, has been appointed to the newly created position of Executive Vice President of Commercial. In her new role, Ms. Slate will focus on Nucor's comprehensive enterprise commercial strategy. K. Rex Query, President of Nucor'sVulcraft/Verco Group, has been promoted to Executive Vice President of Sheet and Tubular Products. Douglas J. Jellison, President of Nucor's steel piling subsidiary, Skyline Steel LLC, has been promoted to Nucor's Executive Vice President responsible for The David J. Joseph Company and Logistics. Gregory J. Murphy, Nucor's General Counsel and Vice President of Legal, Environmental and Public Affairs, has been promoted to the newly created position of Executive Vice President of Business Services and General Counsel. Duyuru • Nov 14
Nucor Corporation Signs Virtual Power Purchase Agreement in Texas Nucor Corporation announced that it has signed a 15-year Virtual Power Purchase Agreement with EDF Renewables North America for 250 megawatts of new solar energy in Texas. The agreement, which will enable EDFR to add more clean energy to the region's power grid. Construction on EDFR's solar project is expected to begin in the summer of 2022 with production of electricity estimated to begin in 2023. Once completed, the expected annual output of the solar facility will be the equivalent of the electricity consumed by nearly 50,000 average Texas homes. GreenFront Energy Partners, an alternative energy advisory firm based in Richmond, Virginia, acted as Nucor's financial adviser on this transaction. WattTime, a clean energy-focused subsidiary of the Rocky Mountain Institute, assisted Nucor with evaluating the avoided emissions impact of the agreement. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron /direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Duyuru • Oct 29
Nucor Corporation (NYSE:NUE) entered into an asset purchase agreement to acquire Paint Line Facility in Armorel, Arkansas from Precoat Metals Corp. Nucor Corporation (NYSE:NUE) entered into an asset purchase agreement to acquire Paint Line Facility in Armorel, Arkansas from Precoat Metals Corp. on October 28, 2020.