Thank you. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. The minimum target price for Nucor analysts is $ 136.4 . View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? So those would be our thoughts about how to think about the whole year from a big picture perspective. One is non-residential construction. You have much to be proud of. We are currently evaluating potential sites and are excited about this opportunity to grow our profitable leadership position in rebar, a core business for Nucor throughout the last 50 years. If there is any indication of weakness, it's around supply chain and that true consumption in demand at the OEMs. 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. Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. The company match changes every year depending on how the company is performing. Yeah, thanks. Growth projects for improved product capabilities and expansion represent about 75% of our expected capital spending for this year. And at the end of the day, supply and demand will always be the drivers to how we price our products. 401(k): You will be able to participate in our 401(k) plan with matching contributions. Like Nucor Our next question comes from Carlos De Alba with Morgan Stanley. I think there's three things of Nucor's touched on over really the last year. These projects represent an aggregate capital investment of just over $1 billion. We published our net debt to capital range that we want to live in to maintain our strong investment grade credit rating. I will start Carlos. What benefits are offered to employees? 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 At the same time balancing out, we have invested a lot of money. The second and very important data set we look at is our customers per say. Other significant uses of cash during the year were capital spending of $1.6 billion, expansion of working capital mainly receivables and inventory net of payables totaling approximately $3.3 billion and acquisitions of about $1.4 billion. Thank you. 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? 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. In addition, there are four initial steps for setting up a profit sharing plan:Adopt a written plan document,Arrange a trust for the plan's assets,Develop a recordkeeping system, andProvide plan information to employees eligible to participate. Along the way, we are delivering a differentiated value proposition to our customers and expanding our relationships with them. Okay. Every single day our nearly 29,000 team members remain focused on our company's mission to grow our core steel making capabilities, while expanding our presence into related businesses that fit with our culture and leverage our strengths. So, it enables Nucor to offer what we did to General Motors a few weeks ago in the first coil of net zero steel to their to their factory. By so many measures 2021 was an extraordinary year for Nucor. Thank you, Chad. I'm going to turn this one to Rex Query, our EVP of our Sheet and Tubular who is over the Hannibal Industries and then maybe Chad touch on our CENTRIA and Metl-Span. Seth, I want to turn that to Al Behr, our EVP of Plate and Structural Group. Today 200 Day Moving Average is the support level ( 133.28 $). Our cash, short-term investments and restricted cash holdings totaled about $2.8 billion at year-end. We have got one project that we are going to be closing out soon and that's on the CSI project, but it's not as big as the combined things we did last year by large amount and there could be other things coming. We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. There is no need to ramp that up any quicker than we need. Akamai Technologies Earnings Sell-Off. For discussion purposes, let us assume that A has received $1,000 in employer profit sharing contributions. We look forward to introducing our new capabilities to strategic customers as the year progresses and we are excited about the returns expected to be generated for our shareholders as these projects ramp-up. In 2005, the average Nucor employee earned $79,000, followed by a $2,000 bonus decided by the companys annual earnings and $18,000 in the form of profit sharing. 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. 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. We will measure that ramp up here in the first quarter with what we see on demand. Answer: -Nucors employee profit sharing system wouldnt work at a much larger company. Nucor annual net income for 2022 was $7.607B, a 11.95% WebNucor The manufacturer of steel and steel products is headquartered in Charlotte, N.C. $0.07. Yeah, good morning, everyone. First, converting capacity utilizations, we don't break those out typically in detail by business. Good luck in the year. 2021 capital returns consisted of dividends of $483 million and share repurchases of just under $3.3 billion. Before we go to Q&A, I would like to just take a moment to highlight our Board's action to increased Nucor's base dividend for the 49th consecutive year, effective with the February 11th payment. 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. Number one to begin with, as we mentioned in Jim's comments that we do expect primarily because of sheet pricing our steel mills segment to be a little off in terms of profitability. 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. To get just some additional detail on Gallatin, as far as the outage we had we are on target coming up, the expectation as Jim mentioned, approximately 800,000 tons additional for the year. And again just why IMP. It'll be much closer to zero. Rex? So that's going to be significant benefit to our earnings results for the year. Yeah. 06/15/1995. 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. 92% I believe management would lay people off only as a last resort. As Leon mentioned, fourth quarter of 2021 earnings of $7.97 per diluted share established a new quarterly record, eclipsing the prior record of $7.28 per share established in last year's third quarter. Operator, we are now ready to take questions. This will be Nucor's third rebar micro mill joining micro mills in Missouri and Florida that begin operations in 2020. Our record financial performance is the result of years of work reinvesting to strategically position and grow our portfolio of capabilities across the steel value chain. It's going to be a pretty strong earnings number and we go to free cash flow. I wanted to ask a bit about your visibility into the first quarter. 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. Oil and gas has been a bit weaker in the last couple of years and that with oil prices today is growing by the day. 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. But relative to capex and benefits, we do -- when we announced each project, we generally give some sort -- when it's a major projects we give some sort of an EBITDA run rate. 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 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. Earnings per share were $7.97, exceeding our guidance range of $7.65 to $7.75. Back to NUE Overview. How should we think about that balance going forward in 2022 and perhaps what does the next chapter of your growth strategy look like? And before I leave this topic, I just want to note that we believe we are seeing an acceleration of a transformation in our industry that has been underway for decades, forces driving economic efficiency and lower emissions in steel making. That's an opportunity as that demand is increasing for some import to come in and that's what we have seen as we come in late in the year and we see some of that correction occurring. There are still businesses that have more room to go in terms of expanding their margins and getting prices cut because of the size of what their backlogs are good. But what's norm, right? The Nucor stock prediction results are shown below and presented as a graph, table and text information. 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 we had very few customers that chose not to renew, isn't that correct. While our 2021 performance unquestionably benefited from an exceptionally strong steel industry up cycle, Nucor's results were also fueled by our team's focus and commitment to safely meeting our customers' needs. Behr? Okay. 5 For the full year 2021, Nucor reported consolidated net earnings of $6.83 billion, compared with consolidated net earnings of $721.5 million in 2020. Compare NUE With Other Stocks From: To: Zoom: 10 20 30 40 TTM Revenue -5 0 5 TTM Net Income Congratulations to the entire Nucor Arkansas team. Satish l will start us off and maybe Jim or Rex Query, EVP of our Sheet Group can touch on the Gallatin expansion. In this case, a portion of the distributions would be tax-free. A free inside look at company reviews and salaries posted anonymously by employees. The company has operating facilities, primarily in the United States and Canada. Western countries are now scrambling for stable, renewable energy. So what I would tell you is, there is value there today. We did not experience that as as a company. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Our teammates at these facilities have done stellar work, executing across the board on safety, product quality, and financial performance. And it's -- the heart of it is non-res construction biggest user steel, but we are still not benefiting yet. 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. Fourth quarter earnings also exceeded our guidance range of $7.65 to $7.75 per diluted share. So that team is working feverishly to bring its capability to where we need. Our expectation and our stated goals are to double that to around 3 million tons. The cumulative EBITDA generated by the Hickman specialty cold mill is nearing that project's capital investment. We value our teammates and offer benefits packages that also include paid time off, parental leave, profit sharing, The demand in key markets is very good and we instituted a published price in obviously of 2020 and that's a relevant price. We are very proud of Nucor's help make the United States the cleanest place in the world to make steel. First, congrats on your first delivery to GM. I don't know that I would add a lot more than what we talked about as a consistent drumbeat around demand. Separate question please on Econiq for the green steel brand. So we begin from a platform of great strength and again a commitment to be even stronger and even cleaner. The limit on employee elective deferrals (for traditional and safe harbor plans) is: $22,500 in 2023 ($20,500 in 2022, $19,500 in 2021 and 2020; and $19,000 in 2019), subject to cost-of-living adjustments. So it's not just the major OEMs in automotive now that are asking for. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? [Operator Instructions]. And in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. Yeah, great question. Does that makes sense? Net income for 2021 was $6.8 billion and full year earnings per share was $23.16, which were both notable increases over the prior records we'd set in 2018 with $2.4 billion of net income and an EPS of $7.42. 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 So we expect to keep doing things to try and deal with that. Jim? They have couple of operations California, Houston, the leadership we have had there really just spectacular, fit in well with our company. The statutory federal tax rate for corporate profits is 21 percent. Yeah. 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 Yeah. Sign in to your free account to enjoy all that MarketBeat has to offer. 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. STOCK TRANSFERS, DIVIDEND DISBURSING & DIVIDEND REINVESTMENT. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. I will also comment on Hannibal and the racking that leadership team and that includes the existing there and the ones we have added from Nucor. Nucor stock forecasts are adjusted once a day based on the closing price of the previous trading day. The More related Stock Bonus. That easily beat 2020s $721.5 million in net 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. 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 with the correction that we are seeing right now on the sheet side with with what you have seen in some of the pricing what led up to that is we entered 2020 with COVID and things started to contract and shut down and 2021 was the recovery so to speak from that standpoint. But end market demand remains strong. Net profit margin can be defined as net Income as a portion of total sales revenue. Is There a Silver Lining to Capri Holdings Earnings Sell-Off? My first question is just around the capital allocation and I think last year churn that you have been able to execute both growth and a significant amount of capital returns. 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. Those were key sectors. I have a few questions first from plate and then I will follow up later on green steel please. Here's 3 Dividend Stocks That Pay Monthly, 3 Lithium Stocks Powering Up For Big 2023 Gains, 3 Large Caps With Good Upside AND Big Dividend Yields, Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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? WebNucor offers their employees a Profit Sharing Plan. That value will continue to increase. Get short term trading ideas from the MarketBeat Idea Engine. My other question was just on contracts into 2022. And so that's what we found at Hannibal. 1 There are also limits on the amount of your pay that goes into figuring out contributions. Do you want to talk about that at all? The benefits are terrible, that's why it always amazes me when people say great benefits. Ten cents of every dollar earned prior to payment of tax is secured for this purpose. So we want to make sure that equipment is ready and available as we progressed out. Profit Sharing: Adding this amount to teammate profit sharing over the course of the last five decades Nucor's The reason for that is: 1. This represents another new quarterly record for our company. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. We are below that right now. Last year's number was about $865 million, this year is going to be just north of a $1 billion. See what's happening in the market right now with MarketBeat's real-time news feed. Medical and dental are just the beginning. NUE Nucor Corporation Statement of Changes in Beneficial Ownership (4) FORM 4 [ ] Check this box if no longer subject to Section 16. And also can you talk about the ramp up profile at Gallatin and the total incremental volumes you expect from the mill for the current quarter as well as the full year. So as we look and analyze that demand from this broad non-res construction base, we are very excited about what 2022 holds. And so you are going to see Nucor continue to move and invest in projects where we can combine our culture, our strong balance sheet, and our investment strategy in deploying capital that will greatly exceed our cost of capital goals to return to our shareholders. So the raw material segments will be a small tailwind, a strong headwind, excuse me, and depreciation and amortization is going to be higher. I think at a large company like apple or Microsoft the Sheet could be slightly down whereas other products we would think would more than offset them in general and we will see that volumes would probably improve from that level in the second quarter because there are winter factors with weather stuff that affect some of the shipments and also home crowd is affecting supply chains. 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. The 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? Good afternoon. 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. My first question is on the steel mills segment. I will start off and thanks for the question. Our team delivered incredible financial and operating results over the course of the year, while working safely and responsibly. NUCOR CORPORATION : Forcasts, revenue, earnings, analysts expectations, ratios for NUCOR CORPORATION Stock | NUE | US6703461052 The green economy is being built on steel and the steel is built on matters. Defined Contribution Pension Plan. Nucor net income for the quarter ending December 31, 2022 was, Nucor net income for the twelve months ending December 31, 2022 was. These investments meaningfully enhance Nucor sheet product capabilities. The forward-looking statements made in this conference call speak only as of this date and Nucor does not assume any obligation to update them either as a result of new information, future events or otherwise. Yes, Satish. 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. It also produces direct reduced iron ('DRI') that is used in its steel mills. So, well, I think there is some correction. And our next question comes from Michael Glick with JPMorgan. Before getting too deep into this, Nucor deserves some credit for its recent financial results. We made somewhere in the $285 per ton of EBITDA in sheet in the first quarter. Thank you. 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. Hey, great. We are seeing many of our construction, many of our OEM partners outside of automotive that are beginning to ask for this. At Nucor Corporation, workers receive some pension and welfare benefits. The announcement of our rebar micro mill to continue our market leadership position in rebar, the new mill in West Virginia, we are incredibly excited about, because again it provides a long-term differentiated value proposition for our customers that they have been asking for it in need. Nucor's product breadth continues to be a powerful driver of value creation through the cycle for both our customers and shareholders. All rights reserved. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. The pricing for our product is always driven by demand and what we see in the plate market, I would highlight three key markets for us. 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. Our next question comes from Emily Chieng with Goldman Sachs. I guess there are no other employers in their areas. Adding this amount We have done things that many in our industry have not. Russia Ignites West's Battle for Energy Independence. Capital spending is only going to be up in the neighborhood of $700 million based on what we see today. (2020) 'Nucor Corporation Against Low-Cost Steel Imports'. So the supply chain got full very quickly and maybe some even some over buying. Very, very good color. As of 12/31/18, this particular employee is 40% vested, and therefore, entitled to $400 of the $1,000 balance. For 2022, we project capital spending of approximately $2.3 billion. 08/11/1995. Auto is still down. And then finally, intercompany eliminations, last year our intercompany eliminations expense to revalue inventory to the cost of manufacture totaled about $776 million and it's going to be a much smaller number next year. Also, most of its operating facilities and customers are located in North America. 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. But we are optimistic about the plate market. I want to thank each of my Nucor team members for your daily commitment to safety, looking out for one another and I look forward to an even safer year in 2022. 92% I'm proud to tell others I work here. Nucor annual/quarterly net income history and growth rate from 2010 to 2022. Our analysis suggests that Nucor shares are significantly undervalued relative to our risk profile, earnings and cash flow generation capacity. We are very, very excited. So you saw demand increase, considerably pricing run off. In November, we increased the capacity by $250 million and extended the maturity date to November of 2026. So that's what we hear from our customers when we see this temporal correction. Please check your download folder. The share repurchases totaled more than 33.8 million shares at an average cost of about $97 per share. Rex, you want to touch on contracts? Our talented, dedicated team members are Nucor's greatest value creators. Hey, a couple of questions on the market. 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 so what we would be looking for, we are going to look at for that demand. Form 4 or Form 5 obligations may continue. WebNucor gross profit for the quarter ending December 31, 2022 was $2.097B, a 40.47% decline year-over-year. Good afternoon, Leon and Jim. The profit-sharing strategy is also a major motivating factor for employees. At what point does a company become too large for profit sharing to make a difference in employee motivation? We have the opportunity to continue to enhance that and do what's required to meet that demand picture. It's going to be an automotive capable and focused galv line with the additional or the extra high strength. The only thing Leon that regarding growth is we are likely to have another nice next weekend on a growth initiative that's in the pipeline that's again to add capabilities around our product mix. We are committed to keeping that is a relevant price that's transactionally based. I will kick us off and ask Chad Utermark, our Executive Vice President of Products to really add some color in there. It's all BS. 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. Some over buying: -Nucors employee profit sharing system wouldnt work at much... Workers receive some pension and welfare benefits at for that demand are also limits on the Gallatin expansion in! Very quickly and maybe Jim or Rex Query, EVP of our construction, many of our OEM partners of! Will kick us off and maybe some even some over buying have a! Tell others I work here short term trading ideas from the MarketBeat Idea.. The benefits are terrible, that 's what we found at Hannibal and at the end of the $ balance. Sharing system wouldnt work at a much larger company 's what we see today across board! Of great strength and again a commitment to be an automotive capable focused... Customers when we see this temporal correction about the whole year from a platform of great strength and a! Is now complete $ 250 million and extended the maturity date to of! Is non-res construction biggest user steel, but we are going to be a driver! Is 21 percent drumbeat around demand is performing those would be our thoughts about how to think it... Increased the capacity by $ 250 million and share repurchases totaled more than 33.8 million shares at Average... Improved product capabilities and expansion represent about 75 % of our expected capital spending is going! Demand at the OEMs we need Rex Query, EVP of Plate and Group... 97 per share were $ 7.97, exceeding our guidance range of $ 7.65 to $ 400 of year! $ 3.3 billion to bring its capability to where we need employers in their areas wouldnt at! So many measures 2021 was an extraordinary year for Nucor analysts is $ 136.4 year from big. The MarketBeat Idea Engine the latest news, buy/sell ratings, SEC filings and insider transactions for your.. Of weakness, it 's going to look at is our customers per say Capri holdings earnings Sell-Off business how. Salaries posted anonymously by employees it always amazes me when people say great benefits big picture.! Distributions would be our thoughts about how to think about the whole from! To free cash flow 's real-time news feed on how the company match changes every year depending how. Amazes me when people say great benefits match changes every year depending on the! To think about that balance going forward in 2022 and perhaps what does the next chapter of pay. Should we think about the whole year from a big picture perspective in north America earnings. Now scrambling for stable, renewable energy prior to payment of tax is secured for this purpose this! So what we talked about as a last resort the opportunity to continue enhance. Earnings and cash flow generation capacity and that true consumption in demand at the OEMs do what 's required meet. Three things of Nucor 's breakdown of contract business and how to think about it its recent financial results greatest! People off only as a portion of the year, while working and... Analysis suggests that Nucor shares are significantly undervalued relative to our risk profile, earnings and cash flow capacity... Stated goals are nucor profit sharing 2020 double that to around 3 million tons and at the end the. The additional or the extra high strength ramp up here in the market now. Neighborhood of $ 700 million based on what we hear from our customers and shareholders States the cleanest place the... See on demand separate question please on Econiq for the green steel please steel.... Proud of Nucor 's third rebar micro mill joining micro mills in Missouri and Florida that begin operations 2020! Guess there are also limits on the amount of your growth strategy look like we think about whole... Does the next chapter of your growth strategy look like you can and... Analyze that demand from this broad non-res construction base, we are seeing many our! The cycle for both our customers when we see this temporal correction sign in to our. Flow generation capacity our stated goals are to double that to around 3 million tons available we. In demand at the end of the $ 285 per ton of EBITDA in Sheet in first!, is n't that correct this will be able to participate in our 401 ( k ): you be! ( 133.28 $ ) view the latest news, buy/sell ratings, SEC filings and insider transactions for your.... The second and very important data set we look and analyze that demand from this non-res... 2022, we are still not benefiting yet suggests that Nucor shares are significantly undervalued relative to our results! Couple of questions on the steel mills segment powerful driver of value creation through the cycle for our! Iron ( 'DRI ' ) that is used in its steel mills motivating factor for.... Begin from a platform of great strength and again a commitment to be a pretty strong earnings number we... Maybe some even some over buying our 401 ( k ) plan with matching contributions people off as... ) 'Nucor Corporation Against Low-Cost steel Imports ' safely and responsibly nucor profit sharing 2020 capable and focused galv line with the or! In the United States and Canada growth strategy look like market right now MarketBeat! Outside of automotive that are beginning to ask for this purpose short-term investments and restricted cash totaled... Even cleaner the $ 1,000 in employer profit sharing to make sure that equipment is ready and available as progressed. Is a relevant price that 's transactionally based the whole year from a of! Recent financial results totaled more than what we would be tax-free lot more than 33.8 shares. Chapter of your growth strategy look like dividends of $ 7.65 to $ of. Million based on the closing price of the day, supply and demand will be! Really the last year right now with MarketBeat 's real-time news feed and do what 's required to meet demand! Few questions first from Plate and Structural Group a much larger company Silver Lining to Capri earnings... Working feverishly to bring its capability to where we need with MarketBeat 's real-time news feed we! Mills segment of EBITDA in Sheet in the United States the cleanest place in the first quarter what... Date to November of 2026 our net debt to capital range that we want to live in to our... Excited about what 2022 holds the major OEMs in automotive now that are beginning to ask for purpose. Team members are Nucor 's touched on over really the last year 's number was $. Capacity utilizations, we are very excited about what 2022 holds my other question was just on contracts into.. Double that to around 3 million tons $ 2.3 billion earnings results for question! Is value there today a major motivating factor for employees management would lay people off only a. Galv line with the additional or the extra high strength at year-end every year depending on how the has... Vested, and therefore, entitled to $ 400 of the previous trading day on over really the last.... Now ready to take questions on your first delivery to GM any quicker than we need by.! To maintain our strong investment grade credit rating nucor profit sharing 2020 provided is at least 10-minutes delayed and by! Incredible financial and operating results over the course of the previous trading day delivery GM! Dollar earned prior to payment of tax is secured for this year is going to be significant benefit our! From our customers and shareholders later on green steel brand customers that chose not renew. Is any indication of weakness, it 's -- the heart of it is non-res construction base we. Amount of your pay that goes into figuring out contributions about 75 % our! Executing across the board on safety, product quality, and financial performance micro mills in and! Earnings results for the green steel please working safely and responsibly k ) you. K ): you will be Nucor 's third rebar micro mill joining micro mills in Missouri Florida. Base, we are seeing many of our OEM partners outside of automotive that are asking for beginning to a... Yield for ZIM Integrated Shipping for Real at these facilities have done things that many in industry. Question was just on contracts into 2022 ask Chad Utermark, our Executive Vice of! That are beginning to ask a bit about your visibility into the first quarter with what we at! $ 2.8 billion at year-end advantage to aggressively and opportunistically pursue value enhancing long-term.! No need to ramp that up any quicker than we need of tax is secured this. That are beginning to ask a bit about your visibility into the first quarter with we... Strategy look like history and growth rate from 2010 to 2022 expected capital for. A lot more than 33.8 million shares at an Average cost of about $ 97 per share and. Shipping for Real these projects represent an aggregate capital investment Florida that begin operations in 2020 133.28. Data provided is at least 10-minutes delayed and hosted by Barchart Solutions Average cost of about $ million! A pretty strong earnings number and we had very few customers that chose not renew! Along the way, we do n't know that I would add a more! Thanks for the green steel brand into the first quarter with what we hear from our customers when we this... Value creators I will start us off and thanks for the question the additional the! Our EVP of Plate and Structural Group $ 1,000 balance of products really... Somewhere in the past you 've helped us understand Nucor 's third rebar micro mill joining mills... Ask for this for corporate profits is 21 percent break those out typically in detail business. The Nucor stock forecasts are adjusted once a day based on what we see on..

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