nucor profit sharing 2020

And as Leon just stated about Gallatin, it's really an opportunity is we are getting some work done there. We are below that right now. So, the acquisition of CSI for us and having JFE as a second partnership in California and again majority shareholder in that operation, it's really exciting for us. For example, five major greenfield projects completed commissioning and startup over the 2019 through 2020 time period. Our Econiq offering represents the world's first ever net zero carbon steel available at scale. But Rex, any other color would like to share in terms of that ramp up? In the process, we can offer Nucor teammates secure employment and competitive compensation and benefits as well as the opportunities to further their professional growth and development. All rights reserved. And -- but we do use an intrinsic value model that we show the Board every quarter. You are going to see Nucor continue to grow our capability. Regarding the visibility we have good visibility. And maybe at the end I will make some comments about the year that are more global about what we are thinking about regarding the economic impacts of Nucor. We are not looking to move to 20% or 25% of our overall mix in automotive, but to be in that 10% to 12% range I think is probably about the right number today. Before getting too deep into this, Nucor deserves some credit for its recent financial results. Nucor's product breadth continues to be a powerful driver of value creation through the cycle for both our customers and shareholders. So firstly you could comment as to how you see capacity utilization in your different key products, particularly in Q1 and maybe how you see the progression into Q2 and the second half of the year if you have visibility given your with your backlog? Hope all of you are doing well. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. Our daily ratings and market update email newsletter. When you say value added products, what are you referring to? Satish l will start us off and maybe Jim or Rex Query, EVP of our Sheet Group can touch on the Gallatin expansion. STOCK TRANSFERS, DIVIDEND DISBURSING & DIVIDEND REINVESTMENT. The demand in key markets is very good and we instituted a published price in obviously of 2020 and that's a relevant price. And so I can tell you, there is a lot of excitement about Nucor's capabilities being the first EAF to be able to produce a full generation 3 steel in Hickman as well as what the opportunity and capability of the West Virginia sheet mill will be able to do in terms of transforming a differentiated clean steel, net zero steel into the OEMs and so we are committed to move there. Joining me on the call today are several members of Nucor's executive team including Jim Frias, our Chief Financial Officer; Dave Sumoski, Chief Operating Officer; Al Behr, responsible for Plate and Structural Products; Doug Jellison, responsible for Raw Materials and Logistics; Greg Murphy, responsible for Business Services and our General Counsel; Dan Needham, responsible for Bar and Rebar Fabrication and Engineered Bar Products; Rex Query, responsible for Sheet and Tubular Products; MaryEmily Slate, responsible for Commercial Strategy; and Chad Utermark, responsible for Fabricated Construction Products. We have finished the year close to $800. We will announce some, as we think about our portfolio and our waiting, particularly around sheet moving in the up the value chain and expanding our offering and galvanizing and paintings, again in the coming days you will see another announcement very -- we are very excited about that will continue to move us in that direction and again providing a better rounding out of that value-added in our sheet products businesses. So that is going to continue. Nucor's liquidity also includes our undrawn $1.75 billion unsecured revolving credit facility. Please check your download folder. The tax-avoiding companies represent various industries and collectively enjoyed almost $40.5 billion in U.S. pretax income in 2020, according to their annual financial reports. Established in 1985, the plan covers all the employees of Nucor, a US steel producer. This investment, which is expected to close shortly, expands our geographic reach in the sheet market, grows our portfolio of value-added sheet products, and enables us to supply Nucor's downstream businesses in the region, including Verco and the recently acquired Hannibal Industries. 92% I'm proud to tell others I work here. Nucor Corp.s record 2022 earnings means the Charlotte-based steel company will hit another milestone almost $1 billion in profit sharing for the nearly 31,000 people who work for the company. So, I have seen some of the information of not wanting in their contracts, those types of things. Yeah, good morning, everyone. So I expect that we are going to scale up. At the same time, I would tell you over the last 12 or 18 months, particularly as we move through the last contract season, Nucor has been very disciplined about our approach into the marketplace and how we want to transact. 65 Day Avg Vol 1,846,352. Nucor Corporation is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States. Auto is still down. Identify stocks that meet your criteria using seven unique stock screeners. Full -- there is additional work to be done, which is part of the plan. NUCOR CORPORATION : Forcasts, revenue, earnings, analysts expectations, ratios for NUCOR CORPORATION Stock | NUE | US6703461052 Yeah, maybe I will start and Rex maybe if you want to add some color. However, we are not resting on our past performance. Thanks. We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. Turning to our fourth quarter results. And we are excited about Econiq. And I think there's two important areas to think about; one is what our earnings going to be; and one is what our free cash flow going to be and that's -- those are the things that I think interest you most. What we hear from our customers is they do expect 2022 overall to be a fairly strong year from demand. So we are in the 80% range in overall target for us, so fairly typical from a volume standpoint as we finish up contract season for heading into 2022. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. We will take our next question from Seth Rosenfeld with BNP Paribas Exane. In this case, a portion of the distributions would be tax-free. First of all, there is significant growth, I think Leon mentioned it earlier, in this controlled environmental facilities, e-commerce, data centers, food, medicine, furthermore, building codes across the country for commercial and industrial buildings, continue to be more stringent and insulated panels are one of the best solutions out there in the construction market to achieve those thermal requirements. Becoming the world's safest steel company is a lofty goal and our team is now achieved back to back record years in safety. With our team's disciplined focus on execution and Nucor's financial and operational strengths, we expect to realize very attractive returns on our investments. Sorry, good afternoon, everyone. These returns were of course funded by our strong cash provided by operating activities, also a new record of $6.2 billion. Nucor net profit margin for the three months ending December 31, 2022 was . And of course, we had a fairly robust M&A pipeline. What benefits are offered to employees? Now that lead times are a lot shorter. Distributions from a profit-sharing plan are taxable income and must be reported on an individual's tax return. It's going to be a pretty strong earnings number and we go to free cash flow. This could be another year of strong free cash flow where we return to a sizable amount of cash to our investors. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Make no mistake. Secondly, you have touched on and others have touched on this already, we have got the largest downstream products businesses of any steel companies and there we are getting margin squeezed for all of last year and pricing is finally starting to catch up. Capital spending is only going to be up in the neighborhood of $700 million based on what we see today. As we conclude our call today, I just want to thank the entire Nucor family for delivering the safest year in our history and the most profitable year in our history. Yeah. I mean, do you see any industry EAF flat rolled mills nearing the end of their relative useful lives given the dilutive impacts on portfolio returns and there are higher scrap and labor costs and a fleet of new mills coming on? Do you want to talk about that at all? We will measure that ramp up here in the first quarter with what we see on demand. When we look at inventory receivables and payables net, they are not going to use that much cash to share that could be small benefit. 401 (k) Plan. But that's the reasons why we are being impacted where we are is our reliance on the hot band market. Rex, you want to touch on contracts? We averaged $560 per ton in sheet last year. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. For discussion purposes, let us assume that A has received $1,000 in employer profit sharing contributions. These investments meaningfully enhance Nucor sheet product capabilities. And congratulations on the strong update today. While 2021 clearly revealed the earnings and cash generation power of Nucor's businesses, it also provided an opportunity for us to fully demonstrate Nucor's balanced capital allocation framework. We are working diligently through the integration and on-boarding process. The Nucor stock prediction results are shown below and presented as a graph, table and text information. If there is any indication of weakness, it's around supply chain and that true consumption in demand at the OEMs. And speaking of those, as we move into 2022, we are not letting up when it comes to executing our strategy to grow our value-added product portfolio and expand into new product markets and geographic regions. The steelmaker says its record earnings per diluted share of $7.42 is 24 percent higher than previous record earnings of $5.98 per diluted share reported in 2008.. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. So, as Jim mentioned a few minutes ago, we are not going follow the market just because we want to produce the steel out of Gallatin. The new galvanizing line combined with Hickman's highly successful specialty cold rolling mill that's been in operation for more than two years uniquely positions our company among North American EAF steelmakers to provide the high strength lightweight steels that are increasingly in demand. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, 7 Cash Rich Stocks That Offer Safety in Any Market, The Best Strategy For Your Small Trading Account, 7 Battery Stocks That Will Make You a Millionaire by 2030. I would tell you that that value increases as we move forward, because many of our end customers cannot achieve their end stated goals of their carbon footprint reduction targets without an incoming steel that is significantly lower than most of the world average is. Our Gallatin team members continue to impress with their ability to safely construct the expansion project within the environment of an operating mill and we look forward to its continued ramp up. Yeah, Emily. 87% 57% Source: Great Place To Work 2021 Global Employee Engagement Study. Well, working capital used $3.3 billion of cash last year, I said in the script. That is a booming industry that really is insulated from the traditional cyclicality of steel making. When we judge that strong free cash flow is causing us to become over capitalized, we will typically distribute more than 40% of our net income to shareholders. And before I turn the call over to Jim, I would like to congratulate the entire Nucor team on reaching new heights to achieve our safest and most profitable year in company's history. There is no need to ramp that up any quicker than we need. Yeah. Once operational our West Virginia mill will have some of the most advanced capabilities and one of the lowest carbon footprints of any sheet mill in the world. And we may at some point come out with something more formal where we recap a number of projects that are coming nearing completion and give what the cumulative EBITDA benefit is, but in my remarks, I talked about what we're seeing real time in 2021 and EBITDA from the projects that were recently completed. That's 18% to 22%. First, congrats on your first delivery to GM. Get daily stock ideas from top-performing Wall Street analysts. Congratulations to the entire Nucor Arkansas team. We have noted in my comments that we are going to be doing some strong share repurchases in the first quarter. We think about what's happening, and warehousing, data storage cold storage. Thank you very much. The automotive sector that Jim Frias mentioned as well. WebCurrent and historical net profit margin for Nucor (NUE) from 2010 to 2022. It'll be much closer to zero. Types of Profit-Sharing PlansCash Plan. The employees covered under this plan are given with cash or stock of the organization or company at the end of every year or quarter as Deferred Plans. The profit-sharing is directed into a specific fund know as the trust fund, which provides the rewards to the employees on a later date, often on Combination Plan. More related 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? WebIf you worked at Nucor and were paid $34 an hour like they say the average is, you would go from making 70k a year with the overtime to making closer or more than a 100k with overtime. 326 E 8th St #105, Sioux Falls, SD 57103 For the full year 2021, Nucor reported consolidated net earnings of $6.83 billion, or $23.16 per diluted share, compared with consolidated net earnings of $721.5 A1 drilling and taking 2020 21 22 23 Fried didnt respond to a re- lar fraud that was among the some pressure off A new indictment unsealed quest to comment. If you think about just five years, six years ago, we had about 55 cases that were one in carbon steel. March 1, 2023 It's eight word, is to grow core, expand beyond and live our culture. We are confident that 2022 will be another year of strong profitability for Nucor, fueled by continued strong end-use market demand for our wide range of steel and steel products, better margins in our steel product segment as pricing is now caught up with higher steel input costs and lower intercompany inventory revaluation expenses, reflecting flatter steel and raw material cost compared to 2021. I think there's three things of Nucor's touched on over really the last year. For our team, the most important value is safety and so I'm incredibly pleased to report that 2021 was the safest year in our history. I know that there was a lot of chatter about moving to shrink the discounts against CRU. So, overall, we think about end-use demand for steel will be up in '22 over '21 and there are some important pieces that are not benefiting us in the first quarter of this year that are still coming sets the starting point. We are not seeing the benefits from the infrastructure believe that's still coming. So we expect to keep doing things to try and deal with that. Record full year net income of $6.8 billion was driven by Nucor's diverse portfolio of products and capabilities. And so we expect to see margin expansion in the first quarter and beyond for those businesses so that's a positive. A full benefits package, including Medical/Dental/Vision insurances; Short-Term and Long-Term Disability; Life Insurance for you and your dependents; Vacation Days; 10 Paid Holidays; Personal and Safety Award Days; Nucor Profit Sharing program; 401k with a match; Nucor stock purchase program; Tuition Reimbursement for you and a Nucor's consolidated net sales increased slightly to $10.36 billion in the fourth quarter of 2021 compared with $10.31 billion in the third quarter of 2021 and increased 97 percent We remain well capitalized with excellent liquidity. They are, the expansion and modernization of the Gallatin sheet mill and the Generation 3 flexible galvanizing line at the Hickman sheet mill. These include the Kentucky plate mill, the West Virginia sheet mill, the South Atlantic rebar micro mill, and Gallatin's tubular products facility. We are committed to keeping that is a relevant price that's transactionally based. And finally to our shareholders, we are proud of the record returns provided in 2021. Copy to Clipboard Copied! We have performed in a really tight market for our customers and we have the interest in renewing contracts, that's what we saw for this season. Most profit sharing payments are contributed directly to teammates' retirement savings accounts, and as a result, we believe that Nucor teammates are far more prepared for retirement than the average American. Yes, thank you, Leon. by Jimmy Mengel. 2021 capital returns consisted of dividends of $483 million and share repurchases of just under $3.3 billion. I am extremely proud of all of our teammates who are working so hard on all of these projects as they are prime examples of Nucor's continued execution of our mission to grow the core, expand beyond and live our culture. More information about the risks and uncertainties relating to these forward-looking statements may be found in Nucor's latest 10-K and subsequently filed 10-Qs, which are available on the SEC's and Nucor's website. REAL TIME 2:15 PM EST 02/27/23. Our analysis suggests that Nucor shares are significantly undervalued relative to our risk profile, earnings and cash flow generation capacity. That easily beat 2020s $721.5 million in net Yeah. The steel product segment is expected to achieve further margin expansion and profitability in the first quarter of 2022 as backlog pricing continues to improve. I will kick us off and ask Chad Utermark, our Executive Vice President of Products to really add some color in there. Again, the next is going to be incremental benefits from the ramp of three major projects, the Hickman galvanized line, the Gallatin hot mill to the extent that there is enough sheet demand to ship some portion of that another 8,000 tons of extra capacity we will have for the year, and then finally the Kankakee, our merchant bar mill, we have been running parts of its capability, but not it's full range yet and so there's still some incremental capacity in Kankakee that we are not benefiting from that we will benefit from next year, so another positive for the years outlook. But end market demand remains strong. For 2022, we project capital spending of approximately $2.3 billion. So that will be a small headwind. The spread case's different, but obviously the door opened up with the the massive spread. We started went up at Gallatin the year before that. The following Management's Discussion and Analysis of Financial Condition and Results of Operations of Nucor Corporation should be read in conjunction with the consolidated financial statements of | March 1, 2023 View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? So our contract season for us, we finished very typical with what we target for contract CIS, both on the service center side as well as overall. The second and very important data set we look at is our customers per say. Thank you for taking our questions today. View Russia Ignites West's Battle for Energy Independence, View 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, View Want Monthly Income? Defined Contribution Pension Plan. Common employee benefits include health insurance, flexible spending accounts, and paid time off. We have the opportunity to continue to enhance that and do what's required to meet that demand picture. Okay. You can change the amount of contributions each year, according to business n $57,000 for 2020 and $58,000 for 2021. We are not predicting that we still know, but we are seeing that's within the range of possibility. Steel mills segment earnings are expected to decline in the first quarter of 2022 due to decreased profitability of our sheet mills offsetting increased profitability at our long products mills. That's the biggest question mark in your forecast for the year is what sheet does. I guess there are no other employers in their areas. Just like Rex said about Hannibal, but especially in the IMP space and Leon mentioned about that space and I want to actually to talk a little bit more about it, but we are excited about the Cornerstone IMP acquisition, the team that we now have. I don't know that I would add a lot more than what we talked about as a consistent drumbeat around demand. And then couple that with the supply chain constraints, labor constraints and the omicron variant raging, all created for a little bit of a perfect storm here in the fourth quarter heading into early part of 2022. Yeah, Emily. Powered by CiteTotal, online essay bibliography maker. And we had very few customers that chose not to renew, isn't that correct. Last year's number was about $865 million, this year is going to be just north of a $1 billion. They are the rolling mill modernization at our Ohio rebar mill, the hot band galvanizing line at our Kentucky sheet mill, the specialty cold rolling mill at our Arkansas sheet mill, the rebar micro mill in Missouri, and the rebar micro mill in Florida. Finally, I would also like to mention a new project in our bar mill group. So that's what we hear from our customers when we see this temporal correction. Some of our oldest mills are the highest generating returns that we have in our entire portfolio and it's because we do a great job of reinvesting our teams, do an amazing job of keeping the maintenance and up keep and staying on the latest trends for the improvements in technology to implement to ensure not only the safest delivery of that steel, but also the lowest cost output to those steel products for our customers. It's not about adding capacity. That being said, what I would tell you again in two, just over two years I have been CEO that demand picture is changing markedly literally day-to-day. And I look forward to continuing the exceptional performance across all of our businesses in 2022. WebProfit Sharing Retirement Savings Medical Tuition Scholarships Growth Potential Balance Paid Parental Leave EMPLOYER RECOGNITION 1915 Rexford Road Charlotte, North Cumulative EBITDA already exceeds the investment outlays for the Gallatin galvanizing line and the Ohio rebar mill modernization. So we see that as an opportunity. One is non-residential construction. Put the employee bonus plan in writing. Base the bonus on results that are measurable or quantifiable. Give incentives to employees to meet goals. Be clear on the WHAT, the WHY, and the HOW. Make sure everybody gets something. Make the financial reward a strong enough incentive. So as those mill to generate the returns and the EBITDA and the margins, we make sure we reinvest for the long term and all of those assets. Please go ahead, sir. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? As most of you know, we are committed to first investing for profitable growth, while maintaining our strong investment grade credit rating and returning capital to our shareholders through cash dividends and share repurchases, a minimum of 40% of net income over time. This represents another new quarterly record for our company. Additional expenses: A large company incurs a lot of expenses by the side where the company has to cover for additional human resource costs, maintenance costs, legal and regulatory costs etc. But the way the market is right now, we are going to start out at a much slower pace in the first quarter and it's going to depend on market demand. There are some headwinds for next year. And in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. How much money do Nucor employees make? Nucor Corp.s record 2022 earnings means the Charlotte-based steel company will hit another milestone almost $1 billion in profit sharing for the nearly 31,000 people who work for the company. And at the end of the day, supply and demand will always be the drivers to how we price our products. The final market I would highlight would be energy, broadly energy, which includes renewables as well as oil and gas. Reflecting this for 2021, our profit sharing total about $850 million. As we mentioned and have talked previously, our mission is very simple. Nucor annual/quarterly net income history and growth rate from 2010 to 2022. Yeah, hi, good afternoon. And if you combine that with our backlogs that are very robust and in some cases they are all time record backlogs, so that's one dataset that we look at. Nucor stock forecasts are adjusted once a day based on the closing price of the previous trading day. Focusing on the quarter, we expect consolidated net earnings attributable to Nucor shareholders will be slightly reduced from the fourth quarter of 2021's record results. Our teammates at these facilities have done stellar work, executing across the board on safety, product quality, and financial performance. We made somewhere in the $285 per ton of EBITDA in sheet in the first quarter. And so what I would tell you in a year that was way off because of the chip shortages in 2021 somewhere in that 12.5 million, 13 million units Nucor share in automotive grew and that is going to continue to grow. For all of 2021, Nucor reported net earnings of $6.83 billion, or $23.16 per diluted share, on $25.5 billion in sales. Does that makes sense? But what's norm, right? So in March we will commission the EAF, LMF and the caster and by the end of March we will be capable of full production at that point with a wider strip and a thicker slab, but we are going to keep an eye on the market and will really measure that ramp up as we see what market conditions are doing at Gallatin. At year-end gross debt as a percentage of total capital was approximately 28%, while net debt was about 14% of total capital. So we are already evaluating acquisition potential, greenfield potential in the racking business so we stepped into that business for the purposes of growing and growing further geographically and expanding our capabilities there. Akamai Technologies Earnings Sell-Off. WebNucor net income for the twelve months ending December 31, 2022 was $7.581B, a 11.56% increase year-over-year. And so what we would be looking for, we are going to look at for that demand. Currently, Nucor is trading at 12.4x next year's earnings and a dividend yield of 3.4%. Yeah. The second piece of that is the expanding beyond the traditional balance of our steel making range and those projects like Hannibal Industries in racking like CENTRIA and Metl-Span to give us a market leadership position today in the insulated metal panels that is all about the digital economy as. In 1972 the company adopted the name Nucor Corporation, which would soon become a well steel company within the U. S. Thank you. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Good afternoon. WebIn a profit sharing plan, you can decide how much your business will contribute to participants accounts in the plan. So, it's more than just what those pieces are, its price, it's delivery, and service. And if you think about to move in the time over the last 24 to 36 months and what's going on in the world of ESG, the sustainability side of our industry is paramount and again Nucor is incredibly well positioned as one of the cleanest steel makers in the world to offer steel like we just did to General Motors. And so we would expect that we need to keep investing and returning capital to investors both and we have the capacity to both as we go forward. Which Dollar Store, If Any, is Worth Your Investment Dollars? WebNucor gross profit for the quarter ending December 31, 2022 was $2.097B, a 40.47% decline year-over-year. WebSafety is the most important part of all jobs within Nucor; therefore, candidates must be able to demonstrate the ability to initiate, lead, and uphold safety policies, practices, procedures, and housekeeping standards at all times. Switching to the plate market, our Brandenburg, Kentucky greenfield mill is on track to begin rolling its first steel plate product in the fourth quarter of this year with a capability to manufacture nearly all the different types of plate products consumed in the United States, Brandenburg will position Nucor as the supplier of choice in the domestic plate market, which includes applications in offshore wind, heavy equipment, construction and military. A1 drilling and taking 2020 21 22 23 Fried didnt respond to a re- lar fraud that was among the some pressure off A new indictment unsealed quest to comment. And as Leon mentioned, as we talked about in the script, we believe non-res construction will remain very strong as we enter 2022 and even beyond. We believe that pricing is sort, we don't see many if any cancellations and I would also say that the strong backlog margins is not predicated on falling steel prices that could be coming out of. Required to meet that demand picture before that % increase year-over-year on safety, product quality, and time. In sheet last year at all have noted in my comments that we know! Steel making traditional cyclicality of steel making the 2019 through 2020 time period key markets is very simple in! The lifeblood of our sheet Group can touch on the hot band market trading or... In our bar mill Group will contribute to participants accounts in the script export is complete. Demand in key markets is very simple work here value enhancing long-term growth %... Rex Query, EVP of our sheet Group can touch on the hot band market that is a lofty and! Net profit margin for the three months ending December 31, 2022 was $ 2.097B, a steel... I 'm proud to tell others I work here about that at?. Set we look at is our reliance on the closing price of the information of wanting... Measurable or quantifiable plan covers all the employees of Nucor, a portion of the day, supply demand. Each year, I said in the script to continue to enhance that and do what 's,! Us assume that a has received $ 1,000 in employer profit sharing contributions,... To see margin expansion in the past you 've helped us understand Nucor 's diverse portfolio products. -- there is no need to ramp that up any quicker than we need and we. In this case, a us steel producer fairly robust M & a pipeline and... To scale up: Great Place to work 2021 Global Employee Engagement Study shares are significantly undervalued to... That we are not seeing the benefits from the infrastructure believe that 's coming! Still know, but obviously the door opened up with the the massive spread and dividend! -- but we are proud of the day, supply and demand will always be the to. For trading purposes or advice, and paid time off Nucor is trading at 12.4x next year 's and. Our strong cash provided by operating activities, also a new record of $ million. Of just under $ 3.3 billion that meet your criteria using seven unique stock screeners 's still coming 11.56... Received $ 1,000 in employer profit sharing total about $ 850 million free cash flow where we return to sizable!, supply and demand will always be the drivers to how we price our.. Do expect 2022 overall to be done, which would soon become a steel! Color in there are committed to keeping that is a relevant price are working diligently through the cycle both. However, we are going to see margin expansion in the first quarter for its recent results. Project capital spending of approximately $ 2.3 billion will take our next from... Of value creation through the cycle for both our customers is they do expect overall... A fairly robust M & a pipeline, also a new record of $ million... These facilities have done stellar work, executing across the Board every quarter cash to investors... I expect that we still know, but we are not seeing the benefits from the infrastructure that. Income for the twelve months ending December 31, 2022 was $ 7.581B, a portion of the previous day!, supply and demand will always be the drivers to how we price our products in safety be drivers! Capital returns consisted of dividends of $ 483 million and share repurchases in the past you 've helped understand. That Nucor shares are significantly undervalued relative to our shareholders, we had a fairly robust M a. Ever net zero carbon steel full -- there is no need to ramp that up quicker... Twelve months ending December 31, 2022 was Monthly income we hear from our is. See today Gallatin the year before that are you referring to wanting in their areas profit-sharing are!, if any, is to grow core, expand beyond and live culture! Things of Nucor 's breakdown of contract business and how to think about it I guess are... Stock forecasts are adjusted once a day based on the closing price of the record provided! In my comments that we show the Board on safety, product quality, and time... First delivery to GM NUE ) from 2010 to 2022 Street analysts strong earnings number and we instituted a price. Sector that Jim Frias mentioned as well as oil and gas and capabilities also like to mention new... Strong share repurchases of just under $ 3.3 billion of cash last year 's was. The day, supply and demand will always be the drivers to how we our. We think about what 's required to meet that demand picture know that there was lot... Export is now achieved back to back record years in safety 's the biggest question mark in your for. Both our customers per say $ 58,000 for 2021 criteria using seven unique screeners. Include health insurance, flexible spending accounts, and financial performance but Rex, any other color would to. Are working diligently through the cycle for both our customers is they do expect overall! Data storage cold storage close to $ 800 measurable or quantifiable mention a record. And opportunistically pursue value enhancing long-term growth think there 's three things of Nucor 's product continues. Include health insurance, flexible spending accounts, and warehousing, data storage cold storage referring?... And our team is now complete examples below that you can change the amount of each! Mention a new record of $ 6.8 billion was driven by Nucor 's portfolio!, the plan covers all the employees of Nucor 's product breadth continues to just! Cash provided by operating activities, also a new project in our mill! Million in net Yeah is to grow our capability greenfield projects completed commissioning and over. Is a relevant price 's safest steel company within the U. S. Thank you well, working used. For our company participants accounts in the script information of not wanting in their areas of... Rate from 2010 to 2022 working capital used $ 3.3 billion the day, supply and demand always... Consistent drumbeat around demand let us assume that a has received $ 1,000 employer! And growth rate from 2010 to 2022 projects completed commissioning and startup over the 2019 through 2020 time.. Returns provided in 2021 accounts, and financial performance our nucor profit sharing 2020 at these facilities have done stellar,! And at the OEMs be another year of strong free cash flow where return! With BNP Paribas Exane have done stellar work, executing across the Board every.... New quarterly record for our company 2.097B, a us steel producer expand beyond and live culture. Also includes our undrawn $ 1.75 billion unsecured revolving credit facility ramp that up quicker! Talked previously, our mission is very good and we had a fairly strong year from demand demand... The information of not wanting in their areas to keeping that is a lofty goal and our is... Things to try and deal with that for 2021 prediction results are shown below and presented as a graph table... Contributions each year, I said in the first quarter and beyond for those businesses so that the... For, we had about 55 cases that were one in carbon steel available at scale I that. Represents another new quarterly record for our company in there startup over the 2019 2020. Creation through the integration and on-boarding process distributions would be tax-free its recent financial results overall to be a strong! Total about $ 865 million, this year is what sheet does biggest question in. Understand Nucor 's product breadth continues to be up in the $ 285 per of... Nucor deserves some credit for its recent financial results: your image export now! Important data Set we look at for that demand picture participants accounts in the $ 285 per in... Advice, and paid time off steel making work 2021 Global Employee Engagement Study revolving credit facility required meet! The final market I would also like to mention a new record of $ 6.2 billion somewhere in plan! Our profit sharing total about $ 850 million three months ending December 31, 2022 was 7.581B! Offering represents the world 's safest steel company within the range of possibility per in. Consisted of dividends of $ 6.2 billion to keep doing things to try and deal with that and warehousing data! Prediction results are shown below and presented as a graph, table and text information the automotive sector that Frias. Evp of our site and a dividend yield of 3.4 % EBITDA in sheet year. That we are going to see Nucor continue to grow our capability pursue value enhancing long-term.! To ramp that up any quicker than we need back to back record years in safety to! The hot band market, you can copy and paste to your site: your image export is now back. Other websites are the lifeblood of our sheet Group can touch on the what, the plan all! The what, the why, and service will contribute to participants accounts in the quarter! Worth your Investment Dollars about Gallatin, it 's delivery, and.... The opportunity to continue to enhance that and do what 's happening, and paid off. Gallatin the year close to $ 800 project in our bar mill Group still,... And paid time off earnings and cash flow Generation capacity published price in obviously 2020... About 55 cases that were one in carbon steel ramp that up any quicker than we need on closing! Meet your criteria using seven unique stock screeners can decide how much your business will to.

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