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Nucor ( (NUE) ) just unveiled an update.
Nucor Corporation reported its financial results for the fourth quarter and full year 2024, showing a decrease in net earnings and sales compared to 2023. Despite softened steel demand in 2024, Nucor anticipates improving market conditions in 2025, with plans to leverage its position to support steel-intensive U.S. economic trends. The company maintained strong financial health with significant cash reserves, an undrawn credit facility, and a commitment to returning capital to shareholders through dividends and share repurchases.
More about Nucor
Nucor Corporation is the largest and most diversified steel producer in the United States, focusing on supplying steel for various megatrends in the U.S. economy.
YTD Price Performance: 6.72%
Average Trading Volume: 2,251,447
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.69B
For detailed information about NUE stock, go to TipRanks’ Stock Analysis page.
