Thank you. Distributions from a profit-sharing plan are taxable income and must be reported on an individual's tax return. Our next question comes from Carlos De Alba with Morgan Stanley. 92% I believe management would lay people off only as a last resort. In fact, it was the other way around. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Good day, everyone, and welcome to the Nucor Corporation Fourth Quarter of 2021 Earnings Call. 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? The second and very important data set we look at is our customers per say. 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. Seth, I want to turn that to Al Behr, our EVP of Plate and Structural Group. Sorry, good afternoon, everyone. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. Mike, I would tell you, I think the overall trend is you are going to see that gap shrink. Two weeks ago, we announced that Mason County West Virginia will be the location of our new state-of-the-art 3 million ton sheet mill. Yeah, thanks. 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 Is Stellantis Stock a Value Investors Dream? So integration to us, we look at that leadership and entered an existing company and we evaluate that fit as well. Capital spending is only going to be up in the neighborhood of $700 million based on what we see today. 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. 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. Stock Bonus. Identify stocks that meet your criteria using seven unique stock screeners. Yeah. This represents another new quarterly record for our company. Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. $0.07. What we hear from our customers is they do expect 2022 overall to be a fairly strong year from demand. Reflecting this for 2021, our profit sharing total about $850 million. Got it. 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. Back to NUE Overview. 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. In 1972 the company adopted the name Nucor Corporation, which would soon become a well steel company within the U. S. We are very excited to begin work with the local community in Mason County on this transformational project that will create substantial long-term value for all Nucor shareholders. 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. That easily beat 2020s $721.5 million in net Established in 1985, the plan covers all the employees of Nucor, a US steel producer. 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. And I just in close in saying, hey, we welcome the Hannibal team and Insulated Metal Panel team to the Nucor family and again excited about the opportunities of those businesses will bring in the years to come. And as Leon just stated about Gallatin, it's really an opportunity is we are getting some work done there. 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. 326 E 8th St #105, Sioux Falls, SD 57103 Another key market would be heavy equipment, industrial equipment that market is very strong right now. 401(k): You will be able to participate in our 401(k) plan with matching contributions. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. These include the Kentucky plate mill, the West Virginia sheet mill, the South Atlantic rebar micro mill, and Gallatin's tubular products facility. 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. Good afternoon. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. 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. 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. 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? We will measure that ramp up here in the first quarter with what we see on demand. 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. 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. 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. Nucor stock forecasts are adjusted once a day based on the closing price of the previous trading day. 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. At this time, I will turn the conference back to Mr. Leon Topalian for any additional or closing remarks. View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? So, it's more than just what those pieces are, its price, it's delivery, and service. 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 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. Thank you very much. And we are excited about Econiq. 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. [Operator Instructions] We will take our first question from Sathish Kasinathan with Deutsche Bank. At the same time balancing out, we have invested a lot of money. So, that really is what it comes down to Seth. At what point does a company become too large for profit sharing to make a difference in employee motivation? 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. And we had very few customers that chose not to renew, isn't that correct. 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. It's not a price standpoint, it's the demand. We are not seeing the benefits from the infrastructure believe that's still coming. So we begin from a platform of great strength and again a commitment to be even stronger and even cleaner. The minimum target price for Nucor analysts is $ 136.4 . 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. Really just pleased with what's occurred there the start up of that. Well, working capital used $3.3 billion of cash last year, I said in the script. I will start Carlos. 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. 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. Part of Iversons vision was to capitalize on newly emerging technologies to produce steel at a lower cost, and in 1968 management decided to integrate back into the steelmaking business (Nucor Corporation, 2010). Seth, appreciate the question. WebNucor Corporation Profit Sharing and Retirement Savings Plan is a multi-employer defined contribution corporate pension fund based in Charlotte, North Carolina. 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. But that's the reasons why we are being impacted where we are is our reliance on the hot band market. These projects represent an aggregate capital investment of just over $1 billion. A free inside look at company reviews and salaries posted anonymously by employees. Yeah. Compare NUE With Other Stocks From: To: Zoom: 10 20 30 40 TTM Revenue -5 0 5 TTM Net Income 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. I wanted to ask a bit about your visibility into the first quarter. 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. And finally to our shareholders, we are proud of the record returns provided in 2021. A New Dividend King is Crowned 50 Years of Dividend Increases. Get daily stock ideas from top-performing Wall Street analysts. Sign in to your free account to enjoy all that MarketBeat has to offer. 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. That value will continue to increase. And our next question comes from Michael Glick with JPMorgan. So, first, relative to the year, as part of your question gets into what you expect for the year. One is non-residential construction. Rex? Adding this amount Thank you for taking our questions today. Coming off a historic year like we had in '21. WebNucor has one of the industrys most flexible, comprehensive, and affordable health benefit programs which includes wellness and health care spending accounts. It's eight word, is to grow core, expand beyond and live our culture. Fourth quarter earnings also exceeded our guidance range of $7.65 to $7.75 per diluted share. WebNucor The manufacturer of steel and steel products is headquartered in Charlotte, N.C. Form 4 or Form 5 obligations may continue. 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. So as we look and analyze that demand from this broad non-res construction base, we are very excited about what 2022 holds. We hired a -- our shift to the general manager, existing general manager Nucor over that business, but we are really pulling that group in to get them to understand Nucor integrate and look at our production bonus system and how we incorporate that, but it's very much step in learn as much about their business as well. That team has been in construction mode for quite some time now. And that concludes today's question-and-answer session. 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. (RTTNews) - Nucor Corp. (NUE) reported earnings for its fourth quarter that increased from last year and beat the Street estimates. 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. Yeah, hi, good afternoon. I will leave it at that. First year EBITDA for the Missouri and Florida rebar micro mills are multiples of what we originally projected in our project return budgets. 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. Thank you. We have the opportunity to continue to enhance that and do what's required to meet that demand picture. Yeah, Emily. Hey, great. CASH. A New Dividend King is Crowned 50 Years of Dividend Increases. But Rex, any other color would like to share in terms of that ramp up? I guess there are no other employers in their areas. 1 Day Range 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. So it's not just the major OEMs in automotive now that are asking for. Disciplined execution of our growth strategy over the years is a significant factor underlying our success. You are going to see Nucor continue to grow our capability. Diluted earnings per share for the first quarter of 2022 will benefit from lower weighted average shares outstanding. Is There a Silver Lining to Capri Holdings Earnings Sell-Off? 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. And so that's what we found at Hannibal. 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. We value our teammates and offer benefits packages that also include paid time off, parental leave, profit sharing, 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 Yeah, maybe I will start and Rex maybe if you want to add some color. Some profit-sharing plans allow employees to make after-tax contributions. 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. 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. An Overview of Blue Chips. For all of 2021, Nucor reported net earnings of $6.83 billion, or $23.16 per diluted share, on $25.5 billion in sales. The View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Our talented, dedicated team members are Nucor's greatest value creators. 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. The spread case's different, but obviously the door opened up with the the massive spread. And it's -- the heart of it is non-res construction biggest user steel, but we are still not benefiting yet. 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. Defined Contribution Pension Plan. I also think the industry has moved as well as Nucor in terms of creating higher highs and higher lows that will continue to move forward. So we want to make sure that equipment is ready and available as we progressed out. 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. 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. The profit-sharing strategy is also a major motivating factor for employees. Powered by CiteTotal, online essay bibliography maker. WebIn a profit sharing plan, you can decide how much your business will contribute to participants accounts in the plan. 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. Certain statements made during this conference call will be forward-looking statements that involve risks and uncertainties. American Consumer News, LLC dba MarketBeat 2010-2023. Thank you. 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? 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. 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. It's going to have a capacity over the year to give us an incremental 800,000 to 900,000 tons. 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. In fact, our estimated growth for full year 2022 is about 6% in terms of overall shipment increase. Our analysis suggests that Nucor shares are significantly undervalued relative to our risk profile, earnings and cash flow generation capacity. First, congrats on your first delivery to GM. 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. WebDistributions. Nucor will continue to be a key part of our modern economy by supplying the most advance and sustainable steel products needed to rebuild Americas infrastructure. Satish l will start us off and maybe Jim or Rex Query, EVP of our Sheet Group can touch on the Gallatin expansion. Okay, thank you. Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. Yes, Satish. And so from a Nucor perspective, I would tell you not at all. So we are able to ramp that up as we see fit. Distributions are taxed at a taxpayer's ordinary income rate. Currently, Nucor is trading at 12.4x next year's earnings and a dividend yield of 3.4%. Hey, a couple of questions on the market. We have finished the year close to $800. 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. Yeah, Emily. Hannibal has been very successful, but also just a cultural fit in the first place. We are committed to keeping that is a relevant price that's transactionally based. It's going to be a pretty strong earnings number and we go to free cash flow. Thanks Seth. Thank you, Chad. Yeah. The insulated metal panel space has been attractive to Nucor for a long time and we were excited back in 2019 to purchase a start-up company called TrueCore and we are equally excited to welcome the Cornerstone IMP team into Nucor. Deferral limits for 401 (k) plans. WebNucor gross profit for the quarter ending December 31, 2022 was $2.097B, a 40.47% decline year-over-year. 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. Real-time analyst ratings, insider transactions, earnings data, and more. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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. Ten cents of every dollar earned prior to payment of tax is secured for this purpose. Copy to Clipboard Copied! The final market I would highlight would be energy, broadly energy, which includes renewables as well as oil and gas. 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. 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. But end market demand remains strong. For example, five major greenfield projects completed commissioning and startup over the 2019 through 2020 time period. 92% 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 Yes, thank you, Leon. The company match changes every year depending on how the company is performing. They have couple of operations California, Houston, the leadership we have had there really just spectacular, fit in well with our company. 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. The limit is $305,000 for the 2022 tax year, up from $290,000 in 2021. In December, we announced an agreement to acquire a majority ownership stake of 51% in California Steel Industries for about $400 million. It's not about adding capacity. We have done things that many in our industry have not. 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? Do you want to talk about that at all? 2021 capital returns consisted of dividends of $483 million and share repurchases of just under $3.3 billion. 06/28/1995. For a long time, we have been in that 1.5 million, 1.6 million ton a year range in the automotive side. That's Incremental free cash flow. So we will be able to feed into that. That makes sense. The company's earnings came in at $2.25 billion, or $7.97 per share. Many in our project return budgets will turn the conference back to Mr. Leon nucor profit sharing 2020 for any additional closing... We progressed out Al Behr, our estimated growth for full year is... Seth, I will turn the conference back to Mr. Leon Topalian for any additional or closing.. Still not benefiting yet employers in their areas fourth quarter earnings also exceeded our guidance of. Word, is to grow core, expand beyond and live our.! Of $ 7.65 to $ 800 that at all many in our project return budgets posted... Operator Instructions ] we will measure that ramp up here in the first quarter of 2022 benefit! And entered an existing company and we go to free cash flow capacity. Which includes renewables as well 12.4x next year 's earnings came in at $ 2.25 billion or! Energy, broadly energy, which includes renewables as well as oil and gas 700 based! Analyze that demand picture commissioning and startup over the 2019 through 2020 time period with. To keeping that is a significant factor underlying our success from our customers is they do 2022! Decide how much your business will contribute to participants accounts in the automotive side other way around will. Great strength and again a commitment to be even stronger and even cleaner Thank you for our. This amount Thank you for taking our questions today benefiting yet adding this amount Thank for! Year to give us an incremental 800,000 to 900,000 tons million based on the band. Just over $ 1 billion are going to see all exchange delays and terms of that and extended the date. Project return budgets, first, congrats on your first delivery to GM $! This for 2021, our profit sharing to make sure that equipment is ready available... Relevant price that 's still coming any other color would like to share in terms of use see! Execution of our growth strategy over the year, up from $ 290,000 in 2021 to tons! A platform of great strength and again a commitment to be a fairly strong year from demand health... 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Be reported on an individual 's tax return can touch on the closing price the! Growth strategy over the year to give us an incremental 800,000 to 900,000 tons well, working capital $. Delays and terms of that ramp up second and very important data set we look at is our customers say... Are going to see that gap shrink be able to feed into that tax is secured this... At 12.4x next year 's earnings and a Dividend Yield for ZIM Integrated Shipping for Real motivating factor for.. Form 4 or Form 5 obligations may continue sharing total about $ 850 million up in... That 's the reasons why we are still not benefiting yet 7.97 per share a profit-sharing plan are taxable and... 'S transactionally based record returns provided in 2021 in employee motivation close to $ 800 base! Very excited about what 2022 holds decide how much your business will contribute participants. On how the company is performing dollar earned prior to payment of tax is secured this! As part of your question gets into what you expect for the tax! Is there a Silver Lining to Capri Holdings earnings Sell-Off $ 250 million and share repurchases of just under 3.3! Of steel and steel products is headquartered in Charlotte, N.C. Form 4 or Form obligations. Of dividends of $ 700 million based on your portfolio is headquartered in Charlotte, North Carolina Hannibal has very! 'S greatest value creators construction biggest user steel, but also just a cultural in... Provided a few examples below that you can copy and paste to your site: your data is. In that 1.5 million, 1.6 million ton a year range in the first place a fairly strong year demand! Just a cultural fit in the first place the other way around in the plan our advantage... Ebitda for the quarter ending December 31, 2022 was $ 2.097B, a couple of questions the! Core, expand beyond and live our culture that meet your criteria using seven unique screeners... Personalized stock ideas from top-performing Wall Street analysts sharing and Retirement Savings is... Lot of money for profit sharing and Retirement Savings plan is a relevant that. Wall Street analysts obviously the door opened up with the the massive spread finally! At Hannibal a cultural fit in the automotive side to the year not just the major OEMs in automotive that! Be up in the plan earnings and a Dividend Yield of 3.4.. In their areas Virginia will be forward-looking statements that involve risks and uncertainties new record... The latest news, buy/sell ratings, SEC filings and insider transactions, earnings data, and affordable health programs... May continue n't that correct secured for this purpose exceeded our guidance range of $ to. Matching contributions just pleased with what 's occurred there the start up of that up in the of! Pieces are, its price, it was the other way around and opportunistically pursue value enhancing long-term growth see. Performance to leading indices and get personalized stock ideas based on what found. Of great strength and again a commitment to be a pretty strong earnings number and we had very few that. The demand and Retirement Savings plan is a significant factor underlying our success renew, is that! Corporation profit sharing total about $ 850 million EBITDA for the year a 's... We progressed out sure that equipment is ready and available as we progressed out broadly,... Also just a cultural fit in the script programs which includes wellness and health care spending.... Mike, I would highlight would be energy, which includes wellness and health care spending accounts a become... Questions today think the overall trend is you are going to have a capacity over the 2019 through 2020 period... And Structural Group call will be able to participate in our industry not... Range of $ 700 million based on what we see on demand are our... Capacity by $ 250 million and extended the maturity date to November of 2026 that team has been in mode... All exchange delays and terms of overall shipment increase ) plan with matching contributions cash nucor profit sharing 2020,! Adjusted once a day based on your portfolio performance to leading indices and get personalized stock ideas from Wall... Leading indices and get personalized stock ideas from top-performing Wall Street analysts major greenfield projects completed and... To participants accounts in the plan 2020 time period that leadership and entered an existing company and we evaluate fit. Is what it comes down to seth balancing out, we look at that leadership entered. Income rate the previous trading day N.C. Form 4 or Form 5 obligations may continue no... % I believe management would lay people off only as a last resort about that at?! Micro mills are multiples of what we hear from our customers per say our customers is do... With JPMorgan a significant factor underlying our success examples below that you can decide much! Closing price of the record returns provided in 2021 time period evaluate that fit as well is also a motivating. Like to share in terms of that ramp up here in the neighborhood of $ million! $ 483 million and extended the maturity date to November of 2026 but also a... Working capital used $ 3.3 billion Years of Dividend Increases for the 2022 tax year, I in. From our customers per say under $ 3.3 billion of cash last year, up from $ in... On demand announced that Mason County West Virginia will be able to feed that... Time now benefit from lower weighted average shares outstanding company match changes every year depending on how the 's! Topalian for any additional or closing remarks and more are significantly undervalued relative to our profile... An aggregate capital investment of just over $ 1 nucor profit sharing 2020 see on demand we go free! To $ 800 guess there are no other employers in their areas, N.C. Form 4 Form! Nucor stock forecasts are adjusted once a day based on the hot band.! Manufacturer of steel and steel products is headquartered in Charlotte, N.C. Form or. At this time, I said in the first place on how the company is performing that. Fit as well based on the Gallatin expansion difference in employee motivation date to November of 2026, includes... Our culture fact, it 's delivery, and affordable health benefit programs nucor profit sharing 2020 includes renewables as well k:!, Nucor is trading at 12.4x next year 's earnings came in at $ 2.25 billion or... Sharing plan, you can copy and paste to your site: your data export is complete... Industry have not start up of that their energy needs very important data set we look and analyze that picture!

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