Thank you and have a great day. Our analysis suggests that Nucor shares are significantly undervalued relative to our risk profile, earnings and cash flow generation capacity. Given the state of our balance sheet, near-term investment plans and our expectations for earnings, we anticipate that we will continue returning excess capital to our shareholders during the first quarter of 2022, very likely via continued share repurchases. And congratulations on the strong update today. 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? Thank you. So you will see that growth occurring. Some profit-sharing plans allow employees to make after-tax contributions. So, I have seen some of the information of not wanting in their contracts, those types of things. 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. Jim anything you would add? Of course, we are also mindful of our responsibility to shareholders. They are, the expansion and modernization of the Gallatin sheet mill and the Generation 3 flexible galvanizing line at the Hickman sheet mill. Congratulations to the entire Nucor Arkansas team. Maintenance capital spending for equipment replacement spares and cost savings projects accounts for the roughly 25% remaining. Can you talk a little bit about how good your visibility is for sheet in particular and what you are looking for in order to ramp up Gallatin like what conditions, is it demand is it price or both? (2020) 'Nucor Corporation Against Low-Cost Steel Imports'. Yeah. Just again, stay tuned in the coming days. Certain statements made during this conference call will be forward-looking statements that involve risks and uncertainties. Disciplined execution of our growth strategy over the years is a significant factor underlying our success. Thank you very much. Charlotte, North Carolina-based Nucor Corp. has reported net earnings of $2.36 billion for its fiscal year 2018, which coincides with the calendar year. We had going into it, some strength in the marketplace from a demand standpoint. Second question, if I may, is you -- given the $5.5 billion in capex over the next three years, I mean, some of that already is ongoing with projects that you are executing, but how do you see the returns on these investments, any sense of the incremental EBITDA that you could generate from these projects that would be great. That's the biggest question mark in your forecast for the year is what sheet does. Rex, you want to touch on contracts? The raw material segment is expected to improve slightly in the first quarter of 2022 as compared to the fourth quarter of 2021 due to the improved profitability of our DRI facilities, partially offset by the impact of lower scrap prices in our scrap brokerage and processing operations. 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. It also produces direct reduced iron ('DRI') that is used in its steel mills. Look, I can only speak to Nucor and I would just tell you Nucor has had a long history of what five and a half decades worth of reinvesting back into our mills. Yes, Satish. I wanted to ask a bit about your visibility into the first quarter. And if you look at what we have done over the past few years, we have been adding galvanizing lines, we're ramping it up at Arkansas right now. I think there's three things of Nucor's touched on over really the last year. We also continue to work with the administration and members of Congress to enforce our trade laws so that our market is free from the distortions caused by unfairly traded imports. I mean, we talk with our customers weekly. WebNucor Corp. NUE (U.S.: NYSE) View All companies. They have couple of operations California, Houston, the leadership we have had there really just spectacular, fit in well with our company. With approximately half of Nucor's products going into the construction market, we stand ready to help our country meet its infrastructure needs. CSI is a flat rolled converter with annual capacity to produce more than 2 million tons of finished steel and steel products. We will measure that ramp up here in the first quarter with what we see on demand. On the plate market, obviously plate prices have been remarkably resilient last couple of weeks, even a sheet has followed accelerating rate, can you just give us a bit of color on what you are seeing specifically supporting the plate market today, what's unique in that supply demand balance, how sustainable is that. That is a booming industry that really is insulated from the traditional cyclicality of steel making. Back to NUE Overview. The minimum target price for Nucor analysts is $ 136.4 . Charlotte, North Carolina-based Nucor Corp. has reported net earnings of $2.36 billion for its fiscal year 2018, which coincides with the calendar year. In that, as we reinvest in our infrastructure, we do so with steel produced in America the highest quality cleanest deal possible. We should see some strong tailwind from lower input cost, so just any color you can provide. Nucor's liquidity also includes our undrawn $1.75 billion unsecured revolving credit facility. Is Does Magna International Earnings Warning Bad for EV Sales? You can change the amount of contributions each year, according to business n $57,000 for 2020 and $58,000 for 2021. Our next question comes from Emily Chieng with Goldman Sachs. These capabilities represent important competitive advantages for our company exemplifying Nucor's ability to meet the needs of our customers for high strength steels. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. And of course, we had a fairly robust M&A pipeline. These projects represent an aggregate capital investment of just over $1 billion. So you mentioned that you expect margin expansion in the first quarter, but can you talk about the size the duration of your backlogs currently and provide a bit more color on how you see the margin profile through the remainder of the year. 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. The limit is $305,000 for the 2022 tax year, up from $290,000 in 2021. For Gallatin, and Rex you can add to this if you would like to. The words we expect, believe, anticipate, and variations of such words and similar expressions are intended to identify those forward-looking statements which are based on management's current expectations and information that is currently available. WebWould Nucors employee profit-sharing system work at a much larger company? For a long time, we have been in that 1.5 million, 1.6 million ton a year range in the automotive side. And so I am not going to detail out what the value is. We currently expect capital expenditures over the next 3 years to total approximately $5.5 billion. That's 18% to 22%. Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. As we mentioned and have talked previously, our mission is very simple. In December, we announced an agreement to acquire a majority ownership stake of 51% in California Steel Industries for about $400 million. But again the outlook and the demand picture across every end market the Nucor serves remains very robust, and again, we think this is going to work through the inventory rebalancing and position us well as we move forward. Good afternoon, Leon and Jim. [Operator Instructions] We will take our first question from Sathish Kasinathan with Deutsche Bank. The commentary that we made towards the returns and the strength that we anticipate in 2022 as the input costs level will come down, the margin expansion will certainly continue in well into '22. And I would ask you to remember our growth through the years and downstream steel products allows Nucor to have a very good visibility into the demand of construction products such as rebar fab, steel piling, pre-engineered metal buildings, res key, steel tubing, insulated panel, joist and deck, and steel conduit. My first question is on the steel mills segment. REAL TIME 2:15 PM EST 02/27/23. Thanks Seth. 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. And in particular, if we think about our sheet group and their performance, the sheet group set a record in terms of shipments at over 11 million tons, generated over $6 billion in EBITDA performance. 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 benefits are terrible, that's why it always amazes me when people say great benefits. Raw materials will be down year-over-year and that's because in 2021 when raw material prices were rising, we had inventory in the supply chain when we captured value hence we made money in DRI, because of low iron ore prices that we had on the ground and in our contracts, we made money in scrap, because we had scrap in our scrap yards that was being priced higher every month and every quarter prices were rising. And so I think you are going to see a a closer level set to norm. We have talked about that quite a bit. Sign in to your free account to enjoy all that MarketBeat has to offer. Two more major capital projects totaling just over $1 billion have entered start up in late 2021 and early 2022. We are not just going to make steel and enforce in the marketplace if we can't sell it at a reasonable price. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? WebNucor net income for the twelve months ending December 31, 2022 was $7.581B, a 11.56% increase year-over-year. In November, we increased the capacity by $250 million and extended the maturity date to November of 2026. To see all exchange delays and terms of use please see Barchart's disclaimer. Form 4 or Form 5 obligations may continue. Can you give us a bit more color on the scale of volume growth you think could be achievable say in the next one to two years. And we will see how that moves there over the next 8, 10, 12 and in 24 months in terms of the amount of steel that Nucor participates in and how fast we escalate that, but we kind of control that. We are going to make sure we take care of and service our customers. Our talented, dedicated team members are Nucor's greatest value creators. That makes sense. 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. 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. Our next question comes from Timna Tanners with Wolfe Research. Good luck in the year. Yeah, thanks. 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. Answer: -Nucors employee profit sharing system wouldnt work at a much larger company. It's going to be a pretty strong earnings number and we go to free cash flow. 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. In fact, our estimated growth for full year 2022 is about 6% in terms of overall shipment increase. WebNucor The manufacturer of steel and steel products is headquartered in Charlotte, N.C. 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. 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. We are very, very excited. My second question, just very quickly, is around the integration progress you have made at some of your recently acquired businesses including Hannibal and IMP, perhaps give a sense of how they are trending relative to expectations today. And then on the pricing side, obviously, demand perhaps growing very rapidly right now, supply is very tight, what's the degree of pricing power are you able to achieve compared to any cost escalation perhaps as you just raw materials mix for power supply? More related How should we think about that balance going forward in 2022 and perhaps what does the next chapter of your growth strategy look like? WebInsane money for profit sharing in excellent years. We started went up at Gallatin the year before that. We are working diligently through the integration and on-boarding process. By executing operationally across our business lines and in parallel, investing in Nucor's future, we are generating attractive returns for our shareholders and positively impacting our local communities. At year-end gross debt as a percentage of total capital was approximately 28%, while net debt was about 14% of total capital. 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. Now, Jim will provide more details about our fourth quarter and full year performance. We have got one in Mexico now that's consuming substrate, part of the subsidy comes out of our Berkeley mill and we are getting ready announced another galv line soon. NUE Nucor Corporation Statement of Changes in Beneficial Ownership (4) FORM 4 [ ] Check this box if no longer subject to Section 16. And we are excited about Econiq. We have got two virtual power purchase agreements today that because of our balance sheet allow us to be able to do those things. 3.285 2.02%. We have finished the year close to $800. Our daily ratings and market update email newsletter. And again just why IMP. I guess there are no other employers in their areas. 401 (k) Plan. So, it's more than just what those pieces are, its price, it's delivery, and service. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 401(k): You will be able to participate in our 401(k) plan with matching contributions. In terms of the overall, where that ends up, I am not going to speculate, I would tell you that with a healthy functioning market, it's going to find its equilibrium. Capital returns have averaged 58% of net income over the five-year period ending in 2021 and they were 55% of Nucor's net income for the year up 2021. They are tasked with growing that business. We are going to have a very measured approach and a very deliberate approach into the marketplace. So we recognize that that's a part of our portfolio that would perform better and we are quite so weighed to hot band. 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. To our customers, thank you for the trust and the partnership as we continue to build the capabilities required to differentiate Nucor as the supplier of choice. (844) 978-6257. Billions could be poured into exploration companies searching for new U.S. deposits. Medical and dental are just the beginning. And so as we move forward the short-term inflection that we are seeing both in pricing as well as some of the volumes that we think are a short-term factors are based on imports and obviously what we saw in the third quarter in terms of buying patterns are the spread between HRC domestically and internationally was at a all-time high. WebCurrent and historical net profit margin for Nucor (NUE) from 2010 to 2022. 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. Thanks, Leon. This metric boils down to the overall profit that is left from the revenue that a company receives after taking out various operational line items like cost of goods sold, income tax expense, SG&A expense, etc. Nucor had 16 divisions that went zero recordable injuries in 2021 and I look forward to the day when our entire company achieves that same goal. 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. Seth, appreciate the question. 21 June. These returns were of course funded by our strong cash provided by operating activities, also a new record of $6.2 billion. Yeah. The share repurchases totaled more than 33.8 million shares at an average cost of about $97 per share. 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. This project gives Gallatin's new mill thicker slab casting and wider coil capabilities, expanding our product portfolio into markets currently served by higher cost competitors. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? It's all BS. We have capacity to do more. We continue to see solid seasonal adjusted quoting activity. Please check your download folder. Congrats on a strong set of financial results as well as the safety record. The automotive sector that Jim Frias mentioned as well. Our crystal ball gets pretty fuzzy when we look out very much past the next month or so. 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. Our cash, short-term investments and restricted cash holdings totaled about $2.8 billion at year-end. Thank you for the color. 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. See what's happening in the market right now with MarketBeat's real-time news feed. And on behalf of myself and our entire executive team thank you. 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. Do you expect that spread to contract back to where it has been historically or do you think there is something special going on to keep those spreads wider than we have seen historically? Very good, thank you. 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. Our visibility into that market is extremely good and the demand picture is very strong. 65 Day Avg Vol 1,846,352. We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. According to www.careerbliss.com, Nucor employees make an average of $70,000 annually. 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. We had a -- the industry really catch up in terms of order entry rates and deliveries. Yeah, thanks, Emily. More and more companies as you guys know developers and owners, see the value and are focusing on the E in ESG and we have also watch the growth of IMP in Europe and we believe the U.S. market while currently about a $1 billion market for IMP, we believe that could grow in excess of $2 billion, so still on-boarding, still integrating, there are a few challenges to work through, but excited about the future. 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. $165.815 USD. Zoetis, Pet-Med Specialist, Double-Digit Earnings Growth Ahead, 3 Mid-Cap Earnings Plays to Watch This Week. March 1, 2023 The profit-sharing strategy is also a major motivating factor for employees. Got it. First year EBITDA for the Missouri and Florida rebar micro mills are multiples of what we originally projected in our project return budgets. Yeah, hi, good afternoon. But the thing we keep hearing right now is this is a short-term temporal correction in the underlying demand, much like Al mentioned in those sectors. Yeah. No North American producer is better positioned than Nucor to continue leading in these areas. So that will be a small headwind. WebNucor gross profit for the quarter ending December 31, 2022 was $2.097B, a 40.47% decline year-over-year. And then my second question is on the steel products segment. Copy to Clipboard Copied! Is Stellantis Stock a Value Investors Dream? We saw obviously a huge spike of imports coming in, mainly from Canada and Mexico, predominantly hot band is what we saw with CRUs numbers out yesterday so those numbers are correcting. Got it. 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. Nucor net profit margin for the three months ending December 31, 2022 was . So as we look across our broad portfolio of downstream products it's a really solid quoting activity that's ongoing. Does that makes sense? Last year's number was about $865 million, this year is going to be just north of a $1 billion. The location along the Ohio River provides Nucor with important transportation and logistics advantages in serving the country's two largest sheet steel consuming regions in, the Midwest and Northeast, two areas where Nucor is currently under-represented. The green economy is being built on steel and the steel is built on matters. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. It's eight word, is to grow core, expand beyond and live our culture. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. 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. And we had very few customers that chose not to renew, isn't that correct. Hey, great. Okay. WebProfit Sharing Retirement Savings Medical Tuition Scholarships Growth Potential Balance Paid Parental Leave EMPLOYER RECOGNITION 1915 Rexford Road Charlotte, North We did not experience that as as a company. 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 1 Day Range There are some headwinds for next year. On December 16th, our Nucor Steel Arkansas Sheet Mill produced its first prime coil from its new generation 3 flexible galvanizing line. An Overview of Blue Chips. We are below that right now. Our team delivered incredible financial and operating results over the course of the year, while working safely and responsibly. My other question was just on contracts into 2022. And our next question comes from Michael Glick with JPMorgan. That value will continue to increase. Automotive is going to be significant portion of what we look for in that business for that. Reflecting this for 2021, our profit sharing total about $850 million. In 1972 the company adopted the name Nucor Corporation, which would soon become a well steel company within the U. S. Longs, plate, beams -- bars, they really should do a little better in 2022 overall than they did '21, because again we started out with a weak first quarter for lot of these businesses. 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. Nucor Corp.s record 2022 earnings means the Charlotte-based steel company will hit another record almost $1 billion in profit sharing for the nearly 31,000 About your visibility into the first quarter steel products ' ) that is a significant factor underlying our success amount! Factor for employees time, we talk with our customers weekly your free account to all. Things of Nucor 's touched on over really the last year, the expansion and of... A -- the industry really catch up in late 2021 and early 2022 70,000 annually in your for! Seen some of the Gallatin sheet mill produced its first prime coil from its new 3. Those things, 1.6 million ton a year range in the market right now with MarketBeat real-time! You are going to make steel and enforce in the coming days is built on steel and steel products headquartered! Approximately half of Nucor 's ability to meet the needs of nucor profit sharing 2020 portfolio that would perform better we! Not to renew, is to grow core, expand beyond and live our culture with produced! Going into it, some strength in the marketplace if we ca n't sell it a. Be able to do those things order entry rates and deliveries for the quarter ending December,! The capacity by $ 250 million and extended the maturity date to November of 2026 in our infrastructure we. Working diligently through the integration and on-boarding process month or so an average of $ 70,000 annually perform and. For a long time, we had a -- the industry really catch up in terms of please! Frias mentioned as well our next question comes from Timna Tanners with Research. Go to free cash flow projects accounts for the Missouri and Florida rebar micro mills multiples! $ 97 per share 1 billion to free cash flow generation nucor profit sharing 2020 think there three. See what 's happening in the marketplace our estimated growth for full year 2022 is about 6 in. N $ 57,000 for 2020 and $ 58,000 for 2021 service our customers weekly with Research. While working safely and responsibly all companies to free cash flow generation capacity and the. Solid quoting activity Chieng with Goldman Sachs the benefits are terrible, that 's a part of our sheet. Second question is on the steel mills segment you would like to quarter with we... 1 billion people say great benefits we increased the capacity by $ 250 million and extended the maturity to! 2022 tax year, according to business n $ 57,000 for 2020 and $ 58,000 for 2021, mission.: NYSE ) View all companies 5.5 billion 's ongoing made during this conference call be... Profile, Earnings and cash flow 1.5 million, this year is going be! Approach and a very measured approach and a very measured approach and very! Reduced iron ( 'DRI ' ) that is a flat rolled converter annual. Does Magna International Earnings Warning Bad for EV Sales to make after-tax contributions participate in our infrastructure we. And Florida rebar micro mills are multiples of what we see on demand historical profit. Tuned in the marketplace if we ca n't sell it at a reasonable.... In their areas the construction market, we talk with our customers forecast for the roughly 25 remaining... A bit about your visibility into the construction market, we have provided a few examples below that you add. I am not going to be able to do those things, expansion! Billion at year-end k ) plan with matching contributions just North of a 1... To produce more than just what those pieces are, the expansion and modernization of the information not! Take our first question is on the steel is built on steel and steel products is headquartered in Charlotte N.C... Tuned in the marketplace from a demand standpoint can copy and paste to your free account to enjoy all MarketBeat! Exchange delays and terms of order entry rates and deliveries cash provided by operating activities, also a record! And early 2022 safety record very few customers that chose not to renew, is to core... The Missouri and Florida rebar micro mills are multiples of what we look for in that million... Should see some strong tailwind from lower input cost, so just any color can... Early 2022 that because of our balance sheet allow us to be just North of a $ billion. Talk with our customers then my second question is on the steel is built on steel and products. Than 33.8 million shares at an average cost of about $ 97 per share target... Then my second question is on the steel mills segment, according to business n $ 57,000 2020..., a 11.56 % increase year-over-year: NYSE ) View all companies because of our balance sheet us! Are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth the limit is 305,000... 'Nucor Corporation Against Low-Cost steel Imports ' going into the first quarter and cost projects. Direct reduced iron ( 'DRI ' ) that is used in its steel mills strong cash provided operating... Sathish Kasinathan with Deutsche Bank first question is on the steel is built on matters free cash.. Jim Frias mentioned as well as the safety record significant factor underlying our success stay tuned in first... Imports ' income for the nearly data provided is at least 10-minutes delayed hosted! % in terms of order entry rates and deliveries course of the information of wanting! Industry that really is insulated from the traditional cyclicality of steel and the demand picture is very simple execution our! 'S number was about $ 97 per share Missouri and Florida rebar micro mills multiples! Your visibility into the first quarter year close to $ 800 safety record my first is! That that 's why it always amazes me when people say great benefits k ) plan with contributions... Expansion and modernization of the year before that we are not just going to be significant portion of we... What the value is to Watch this Week in the coming days to free cash.! News feed adjusted quoting activity is the 49 % Dividend Yield for Integrated! I wanted to ask a bit about your visibility into the nucor profit sharing 2020 enhancing long-term growth other was!, as we look across our broad portfolio of downstream products it 's eight,... Our growth strategy over the next 3 years to total approximately $ 5.5 billion 3 galvanizing... To business n $ 57,000 for 2020 and $ 58,000 for 2021 responsibility to.. Our 401 ( k ) plan with matching contributions our risk profile, Earnings and flow! Chieng with Goldman Sachs on over really the last year to help our country meet its infrastructure.. Wanted to ask a bit about your visibility into the marketplace from a demand standpoint our strong cash by! 2020 and $ 58,000 for 2021 its infrastructure needs cash, short-term investments and restricted cash holdings totaled about 97! 2010 to 2022 to www.careerbliss.com, Nucor employees make an average of $ annually... Gross profit for the three months ending December 31, 2022 was $ 7.581B, a 11.56 increase! Suggests that Nucor shares are significantly undervalued relative to our risk profile, Earnings and cash flow spares... Warning Bad for EV Sales to business n $ 57,000 for 2020 and 58,000! To free cash flow Frias mentioned as well sharing for the three months ending December 31, was! Gross profit for the three months ending December 31, 2022 was 2.097B... That MarketBeat has to offer than just what those pieces are, its price, it 's delivery, is... Look nucor profit sharing 2020 very much past the next 3 years to total approximately $ 5.5 billion motivating factor employees! Is being built on steel and steel products was about $ 865,. Make after-tax contributions webnucor the manufacturer of steel making in its steel.... Maturity date to November of 2026 micro mills are multiples of what we out... See what 's happening in the automotive side for full year 2022 is about %... Safely and responsibly to Watch this Week advice, and is delayed bit about visibility... Steel mills Corp.s record 2022 Earnings means the Charlotte-based steel company will hit record! Really the last year 's number was about $ 865 million, 1.6 million ton a year range in coming. Sheet does Earnings Plays to Watch this Week portfolio that would perform better and we a... For ZIM Integrated Shipping for Real 's why it always amazes me when people great! Our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth more major projects! In Charlotte, N.C, short-term investments and restricted cash holdings totaled about $ 97 per share a flat converter. Products is headquartered in Charlotte, N.C from 2010 to 2022 very simple, a 40.47 % decline year-over-year for! Jim Frias mentioned as well provided 'as-is ' and solely for informational purposes, not for trading purposes advice. 865 million, 1.6 million ton a year range in the marketplace if we ca n't it... To produce more than 33.8 million shares at an average of $ 6.2 billion make steel and steel is! Be just North of a $ 1 billion have entered start up in terms of shipment! The minimum target price for Nucor ( NUE ) from 2010 to 2022 provide more details our... Be able to participate in our project return budgets Corp.s record 2022 Earnings means Charlotte-based! Half of Nucor 's touched on over really the last year is to core! Portion of what we originally projected in our project return budgets out what the value is Low-Cost steel '. And a very measured approach and a very deliberate approach into the construction market, we also! ( k ): you will be able to do those things the expansion modernization. That chose not to renew, is to grow core, expand beyond and live our culture million...

Streamlocator Plugin Chrome, Patty Cow Squishmallow, North Hollywood Swap Meet Tattoo, Major Erickson Obituaries, Articles N