Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. WebThe reward system in place at Nucor is also unique, and its employees may be the highest paid steelworkers in the world. 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. This represents another new quarterly record for our company. 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.. 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. Export data to Excel for your own analysis. 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. 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. 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. Some profit-sharing plans allow employees to make after-tax contributions. You have much to be proud of. Back to NUE Overview. Yeah. And so I am not going to detail out what the value is. 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 But if I think back to, even in the height of the pandemic in 2020 that business segment remain incredibly robust that is continued and we see that continuing moving forward. 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. Web A full benefits package, including Medical/Dental/Vision insurances; Long-Term Disability; Life Insurance; Vacation Days; 10 Paid Holidays; Personal and Safety Award Days; 401k with a match; Nucor Profit Sharing Program; Nucor stock purchase program; Adoption Assistance; Tuition Reimbursement for teammates and spouses, and a College Tuition 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. At Nucor Corporation, workers receive some pension and welfare benefits. 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 Distributions from a profit-sharing plan are taxable income and must be reported on an individual's tax return. 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. We are starting out with a carbon intensity that is 3x or 4x lower than some of our integrated competitors. In fact, it was the other way around. Yeah. It's not a price standpoint, it's the demand. And -- but we do use an intrinsic value model that we show the Board every quarter. 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. WebNucor net income for the twelve months ending December 31, 2022 was $7.581B, a 11.56% increase year-over-year. As we mentioned and have talked previously, our mission is very simple. And again we expect Gallatin to continue to ramp up and made its objectives and hit the nameplate investment, which is about 1.4 million tons of additional capacity. I think there's three things of Nucor's touched on over really the last year. Copy to Clipboard Copied! How much money do Nucor employees make? Today that's over a 110. The Nucor team is focused on maximizing our profitability and continuing to be great stewards of the valuable shareholder capital you entrust us with. 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. Mike, I would tell you, I think the overall trend is you are going to see that gap shrink. In the past we seen a great tight relationship in plate and hot rolled, do you think that could break out right now or is there a reason to be bit more concerned looking into the middle of the year are for plate? But when you think about the sheet market overall, our EBITDA for the year could approach the level we achieved last year, because our EBITDA ramped dramatically from the first quarter of last year to the end of last year. And in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. We remain well capitalized with excellent liquidity. Our cash, short-term investments and restricted cash holdings totaled about $2.8 billion at year-end. In December, we announced an agreement to acquire a majority ownership stake of 51% in California Steel Industries for about $400 million. 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. The green economy is being built on steel and the steel is built on matters. 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. 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. 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 When we think about our free cash flow next year, we reduced our share count by 11% last year through significant capital or returns of capital to investors through share repurchases. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? Disciplined execution of our growth strategy over the years is a significant factor underlying our success. Now that lead times are a lot shorter. Reflecting this for 2021, our profit sharing total about $850 million. 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. Ten cents of every dollar earned prior to payment of tax is secured for this purpose. It's eight word, is to grow core, expand beyond and live our culture. So, it's more than just what those pieces are, its price, it's delivery, and service. We are also expanding our presence in the Western U.S. And at the end of the day, supply and demand will always be the drivers to how we price our products. WebWould Nucors employee profit-sharing system work at a much larger company? 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. So I expect that we are going to scale up. The minimum target price for Nucor analysts is $ 136.4 . 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 And so we expect to see margin expansion in the first quarter and beyond for those businesses so that's a positive. Hannibal has been very successful, but also just a cultural fit in the first place. They are tasked with growing that business. Our next question comes from Carlos De Alba with Morgan Stanley. These are healthy margins due to the supply and the strong demand balance that's out there. See who is leading new copper discoveries and how, Chief Financial Officer, Treasurer & Executive Vice President, Executive Vice President Sheet and Tubular Products, Executive Vice President Fabricated Construction Products, Executive Vice President Plate and Structural Products, President and Chief Executive Officer at Nucor, Chief Financial Officer, Treasurer & Executive Vice President at Nucor, Executive Vice President Sheet and Tubular Products at Nucor, Executive Vice President Fabricated Construction Products at Nucor, Executive Vice President Plate and Structural Products at Nucor. We have talked about that quite a bit. $0.07. I mean, we talk with our customers weekly. 87% 57% Source: Great Place To Work 2021 Global Employee Engagement Study. Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Sorry, good afternoon, everyone. Well, working capital used $3.3 billion of cash last year, I said in the script. Auto is still down, because of the chips. The profit-sharing strategy is also a major motivating factor for employees. So we have announced a 35% reduction target by 2030 that will bring us to about a 0.37, 0.38 tons of CO2 per ton of steel produced, which again in the world numbers is incredibly low. 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. Is Stellantis Stock a Value Investors Dream? Okay. 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.

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