$NUE (Nucor Corporation)

$NUE {{ '2016-07-21T10:16:28+0000' | timeago}} • Announcement

Steel products maker $NUE said it has agreed to acquire $JOY's steel plate mill in Longview, Texas, for about $29M. The mill produces carbon and alloy plate products with heat-treating capabilities and has annual capacity of 180,000 tons.

$NUE {{ '2017-07-20T18:53:23+0000' | timeago}} • Webcast

$NUE said looking into 3Q17, pricing seems to be holding and improving in flat rolled products. The company is seeing stability in other businesses in terms of demand. A large number of bookings are also in place and factoring all these together, $NUE expects to see performance that is consistent with 1H17.

$NUE {{ '2017-07-20T18:35:31+0000' | timeago}} • Webcast

In 2Q17, $NUE invested approx. $176MM to build a hot band galvanizing and pickling line at its sheet mill in Ghent, Kentucky. The new galvanizing line will expand Nucor Steel Gallatin's product capabilities and should have an annual capacity of 500,000 tons. It is expected to take two years to construct the galvanizing line and begin operations.

$NUE {{ '2017-07-20T18:31:10+0000' | timeago}} • Webcast

$NUE stated that imports continue to negatively impact the US steel industry. Through 1H17, finished steel imports have increased about 15% compared to 1H16 and account for an estimated 27% share of the US market. The industry continues to pursue trade cases to combat unfairly traded imports.

$NUE {{ '2017-07-20T14:49:50+0000' | timeago}} • Infographic

$NUE Nucor Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$NUE {{ '2017-07-20T13:33:14+0000' | timeago}} • Announcement

$NUE expects 3Q17 earnings to be in a range similar to the quarterly results of 1H17. Non-residential construction indicators, such as the Dodge Momentum Index, suggest that construction activity will remain healthy through the end of 2017. $NUE is gaining ground in the automotive market and expects this trend to continue through 2017.

$NUE {{ '2017-07-20T13:30:26+0000' | timeago}} • Announcement

$NUE reported consolidated net earnings of $323MM or $1 per share for 2Q17 compared to $243.6MM or $0.76 per share for 2Q16. Consolidated net sales increased 22% to $5.17Bil from 2Q16. Average sales price per ton in 2Q17 increased 17% from 2Q16.

$NUE {{ '2017-06-06T16:09:20+0000' | timeago}} • Announcement

$NUE declared the regular quarterly cash dividend of $0.3775 per share.  This dividend is payable on August 11, 2017 to stockholders of record on June 30, 2017.

$NUE {{ '2017-05-11T20:04:12+0000' | timeago}} • Announcement

$NUE announced that Leon Topalian, Vice President and General Manager of Nucor - Yamato Steel Company, will be promoted to Executive Vice President, effective May 14, 2017.

$NUE {{ '2017-04-20T19:01:43+0000' | timeago}} • Webcast

$NUE said that regarding the Hollow Structural Section (HSS) and electrical conduit market and the 1MM tons of capacity, the company is supplying about 75-80% of the product.

$NUE {{ '2017-04-20T14:02:36+0000' | timeago}} • Announcement

In 1Q17, $NUE's total steel mill shipments rose 9% to 6.14MM tons. The increased profitability of the steel mills segment was driven by the improved performance of sheet, bar and plate mills. Nucor sees 2Q17 earnings to improve compared to the current quarter.

$NUE {{ '2017-04-20T13:57:51+0000' | timeago}} • Announcement

$NUE posted consolidated net earnings of $356.9MM or $1.11 per diluted share for 1Q17, up by more than four times from $87.6MM or $0.27 per share a year ago. Consolidated net sales increased 30% to $4.82Bil. Average sales price per ton rose 21% y-o-y. Total tons shipped to outside customers were 6.58MM tons, up 7%.

$NUE {{ '2017-03-23T12:57:58+0000' | timeago}} • Announcement

$NUE said it will be investing $85MM to upgrade the rolling mill at its steel bar mill in Marion, Ohio. Nucor Steel Marion, Inc. is Ohio's largest producer of rebar and signpost, capable of producing over 400,000 tons annually.

$NUE {{ '2017-03-16T17:53:24+0000' | timeago}} • Announcement

$NUE expects improved 1Q17 earnings compared to 4Q16, primarily due to the performance of steel mills segment. The higher profitability of the steel mills segment is driven by improved performance of sheet and plate mills. The profitability of the steel products segment in 1Q17 is expected to decrease compared to 4Q16 due to typical seasonality.

$NUE {{ '2017-03-16T17:49:19+0000' | timeago}} • Announcement

$NUE expects 1Q17 EPS of $1.10-1.15. This range is an increase from 4Q16 EPS of $0.50 and 1Q16 EPS of $0.27. The forecast includes estimated purchase accounting charges of $11.5MM, associated with the recent acquisitions of Southland Tube and Republic Conduit.

$NUE {{ '2017-03-02T12:46:59+0000' | timeago}} • Announcement

$NUE buys the assets of steel-joist maker Omega Joist, a unit of metal manufacturer Samuel, Son & Co., Ltd. for undisclosed terms. The 43-employee strong Omega Joist will operate as Vulcraft-Omega, which will be Nucor's fifth facility in Alberta, Canada.

$NUE {{ '2017-02-21T19:56:26+0000' | timeago}} • Announcement

$NUE declared the regular quarterly cash dividend of $0.3775 per share on its common stock, payable on May 11, 2017 to stockholders of record on March 31, 2017.

$NUE {{ '2017-02-21T17:33:16+0000' | timeago}} • Announcement

$NUE's BoD appointed John Walker to serve as lead director of the board, effective Feb. 22, 2017.  Raymond Milchovich, a board member and prior lead director, notified the BoD on Feb. 21, 2017 that he would not stand for reelection as a director due to other professional demands on his time.

$ROCK {{ '2017-02-06T17:39:00+0000' | timeago}} • Announcement

$ROCK announced the sale of substantially all of its US bar grating assets by its AMICO US subsidiary to Fisher & Ludlow, a subsidiary of $NUE$ROCK continues to manufacture and distribute expanded metal, plank grating, lath, trim, and perimeter security solutions to its customers in North America. Terms were favorable to both parties.

$NUE {{ '2017-01-31T19:40:02+0000' | timeago}} • Webcast

$NUE's recent acquisitions include Independence Tube, Southland Tube and Republic Conduit. The tubular shipments for these three combined businesses in 2016 were approx. 1MM tons. The aggregate purchase price for the three acquisitions of $900MM is approx. seven times estimated average EBITDA of 2014 to 2016 period, said the company.

$NUE {{ '2017-01-31T15:40:13+0000' | timeago}} • Announcement

$NUE expects 1Q17 earnings to increase compared to 4Q16. $NUE believes 2017 profitability could significantly exceed level achieved for 2016. Prices began to increase during 4Q for steel mills segment and $NUE expects that trend to continue into 1Q17. $NUE expects improved volume for the steel mills segment, particularly at sheet and plate mills.

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