Nucor Is Diversifying To Hedge In A Soft Steel Market
Nucor Corporation faces macroeconomic challenges with declining steel prices, offsetting with higher volumes, leading to tighter margins and potentially increased costs. Nucor acquires SWDP for $115mm, creating Nucor Data Systems for data center infrastructure, expanding presence in AI factory buildout. Legislation like the IRA, Infrastructure Bill, and CHIPS Act may provide relief for Nucor, but macroeconomic headwinds pose challenges.
Earnings Preview: Nucor (NUE) Q2 Earnings Expected to Decline
Nucor (NUE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Nucor (NUE) Projects Lower Q2 Earnings Amid Weaker Steel Prices
Nucor (NUE) expects second-quarter earnings to decline sequentially and has returned over $1.76 billion to stockholders so far in 2024.
Steel maker Nucor's stock extends selloff after a profit warning
Shares of Nucor Corp. NUE, -0.21% dropped 2% toward a 7 1/2-month low in premarket trading Friday, and a sixth straight loss, after the steel and steel products maker warned of a second-quarter earnings shortfall, citing weakness at its steel mills business. The company said it expects earnings per share for the current quarter of $2.20 to $2.30, down from $5.81 in the same period a year ago, and well below the current FactSet EPS consensus of $3.00.
Nucor (NUE) Expands Portfolio With $565M Acquisition of Rytec
Nucor (NUE) is acquiring Rytec Corporation for $565 million to expand its product portfolio and leverage cross-selling opportunities in the commercial doors market.
Nucor (NUE) Stock Falls Amid Market Uptick: What Investors Need to Know
Nucor (NUE) reachead $166.81 at the closing of the latest trading day, reflecting a -1.21% change compared to its last close.
Nucor (NUE) Stock Dips While Market Gains: Key Facts
Nucor (NUE) reachead $168.39 at the closing of the latest trading day, reflecting a -1.68% change compared to its last close.
Why Is Nucor (NUE) Down 1.4% Since Last Earnings Report?
Nucor (NUE) reported earnings 30 days ago. What's next for the stock?
