New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 20, 2014
09:03 EDTNUENucor sees Q2 EPS 35c-40c, consensus 62c
The performance of raw materials segment includes an anticipated operating loss of 6c at new direct reduced iron plant in St. James Parish, Louisiana. The Louisiana DRI plant has continued to exceed volume expectations while producing excellent quality DRI units; however, yield loss remains higher than desired. Nucor expects significant improvements in the performance of the Louisiana DRI facility in the third quarter, with profitable performance anticipated by the end of the year. Overall operating performance at steel mills segment is expected to be slightly improved compared to the first quarter of 2014, as improvements in sheet and plate profitability are partially offset by lower profitability in structural steel. In June, Nucor-Yamato Steel is undergoing a planned three week outage associated with our $115M sheet piling capital project. This planned outage will result in lower shipments for structural steel. Import levels continue to negatively impact pricing and margins, particularly at our bar and sheet mills.
News For NUE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 17, 2014
08:48 EDTNUEBofA/Merrill global steel analysts hold analyst/industry conference call
Subscribe for More Information
October 8, 2014
12:17 EDTNUENucor sees Gallatin Steel acquisition immediately accretive to cash flow
Nucor announced that it has closed on its purchase of all the equity of Gallatin Steel Company for approximately $770M. Adjusting for the net present value of the anticipated tax benefits, the realized effective purchase price for Nucor is approximately $630M. The purchase is expected to be immediately accretive to cash flow and accretive to earnings after working through purchase accounting-valued finished goods inventories.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use