Last $53.96 USD
Change Today -0.36 / -0.66%
Volume 570.2K
As of 1:34 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

nucor corp (NUE) Key Developments

Nucor Seeks Acquisitions

Nucor Corporation (NYSE:NUE) announced shelf registration on August 20, 2014. The proceeds of which will be used but are not limited to, working capital, capital expenditures, advances for or investments in our subsidiaries or acquisitions, redemption and repayment of outstanding indebtedness, and purchases of common stock.

Nucor Corporation Announces Executive Changes, Effective September 12, 2014

On August 1, 2014, Nucor Corporation announced that Keith B. Grass will retire from his position as Executive Vice President of Raw Materials of the Corporation, effective September 12, 2014. R. Joseph Stratman, who began his Nucor career in 1989 and has served as Executive Vice President since 2007, will assume responsibilities as Executive Vice President of Raw Materials.

Nucor Corporation Reports Unaudited Consolidated Financial and Production Results for the Second Quarter and Half Year Ended July 5, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Nucor Corporation reported unaudited consolidated financial and production results for the second quarter and half year ended July 5, 2014. For the quarter, net sales were $5,291,075,000 against $4,665,588,000 a year ago. Earnings before income taxes and non-controlling interests were $241,865,000 against $152,332,000 a year ago. Net earnings attributable to the company were $147,041,000 or $0.46 per basic and diluted share against $85,145,000 or $0.27 per basic and diluted share a year ago. Second quarter of 2014 earnings increased compared with the first quarter of 2014 due in large part to improved performance by the steel mills segment, particularly at sheet and bar mills. For the half year, net sales were $10,399,519,000 against $9,216,360,000 a year ago. Earnings before income taxes and non-controlling interests were $449,366,000 against $305,660,000 a year ago. Net earnings attributable to the company were $258,072,000 or $0.80 per basic and diluted share against $169,934,000 or $0.53 per basic and diluted share a year ago. Cash provided by operating activities was $443,329,000 against $484,974,000 a year ago. Capital expenditures were $446,798,000 against $621,306,000 a year ago. For the quarter, steel mills production was 5,324,000 tons against 4,892,000 tons a year ago. For the half year, steel mills production was 10,518,000 tons against 9,710,000 tons a year ago. The company currently expects to see a stronger improvement in earnings for the third quarter of 2014. Although non-residential construction markets remain at historically low levels, they are improving at a moderate pace. The company therefore expects further increased operating profits in downstream products businesses. Steel mill profitability is also expected to improve in the third quarter of 2014 as Nucor-Yamato Steel division has no planned outage and sheet and plate margins continue to benefit from positive pricing trends. The company also expects improvement in the performance of the Louisiana DRI facility in the third quarter, with profitable performance anticipated by the end of the year. Company’s earnings are expected to show strong improvement over second quarter earnings. The company estimates its 2014 capital spending will be approximately $600 million.

Nucor Corporation to Report Q2, 2014 Results on Jul 24, 2014

Nucor Corporation announced that they will report Q2, 2014 results at 2:00 PM, US Eastern Standard Time on Jul 24, 2014

Nucor Corporation, Q2 2014 Earnings Call, Jul 24, 2014

Nucor Corporation, Q2 2014 Earnings Call, Jul 24, 2014

 

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