Nucor Board Authorizes Stock Buyback
September 02 2015 - 9:00PM
Dow Jones News
Nucor Corp. said its board has authorized the repurchase of up
to $900 million of stock from time to time.
The steel-products company, which has a market capitalization of
about $13.68 billion, also said Laurette T. Koellner has joined its
board. Ms. Koellner is a former Boeing Co. executive who was
executive chairman of International Lease Finance Corp. from 2012
through 2014.
In after-hours trading, Nucor shares were up 36 cents, to
$43.16.
In July, Nucor said its second-quarter profit fell mainly on a
slump in steel prices, but predicted a better second half in part
because of stronger trade protection laws. Revenue for the quarter
fell 18%, to $4.36 billion.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 02, 2015 20:45 ET (00:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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