Nucor Declares Stock Split; Names DiMicco

Jason Sandefur

Nucor Corp. declared a 2-for-1 stock split for the second time in two years, prompted by its “strong results and favorable long-term business outlook.” Nucor shares are currently trading above $115, and the company reported record steel production and a 7% revenue increase to $3.55 billion during the first quarter of 2006.
On May 31, 2006, the board of directors’ prior authorization to repurchase shares of Nucor’s common stock will double to approximately 25.3 million shares.
Nucor also announced that CEO Dan DiMicco was named chairman. DiMicco has been with the company for 23 years and has led the company since September 2000. Web: nucor.com �2006 FastenerNews.com