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. And in fact I would tell you we had more requests for increase volume. WebDistributions. We don't know what the rest of the year will bring. The cumulative EBITDA generated by the Hickman specialty cold mill is nearing that project's capital investment. Match could be better than it is. Thank you. No North American producer is better positioned than Nucor to continue leading in these areas. For 2022, we project capital spending of approximately $2.3 billion. And we look forward to update. To see all exchange delays and terms of use please see Barchart's disclaimer. For opening remarks and introductions, I would like to turn the call over to Mr. Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Answer: -Nucors employee profit sharing system wouldnt work at a much larger company. We continue to see solid seasonal adjusted quoting activity. We are working diligently through the integration and on-boarding process. Thank you. It also produces direct reduced iron ('DRI') that is used in its steel mills. $0.07. If you look at our industry over the last 12, 18 to 24 months, there has been significant shifts in consolidation, rationalization and trade. 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. Fourth quarter earnings also exceeded our guidance range of $7.65 to $7.75 per diluted share. At what point does a company become too large for profit sharing to make a difference in employee motivation? It's not a price standpoint, it's the demand. 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. 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. 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. We are committed to keeping that is a relevant price that's transactionally based. What we hear from our customers is they do expect 2022 overall to be a fairly strong year from demand. Compare NUE With Other Stocks From: To: Zoom: 10 20 30 40 TTM Revenue -5 0 5 TTM Net Income March 1, 2023 The minimum target price for Nucor analysts is $ 136.4 . Our Econiq offering represents the world's first ever net zero carbon steel available at scale. And congratulations on the strong update today. 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? If we think about the core of our steel making capabilities is the expansions up regional and capabilities. Our next question comes from Carlos De Alba with Morgan Stanley. Today 200 Day Moving Average is the support level ( 133.28 $). 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. Satish l will start us off and maybe Jim or Rex Query, EVP of our Sheet Group can touch on the Gallatin expansion. Nucor Corporation is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States. It'll be much closer to zero. 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. 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. 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. Okay. There is no need to ramp that up any quicker than we need. REAL TIME 2:15 PM EST 02/27/23. Growth projects for improved product capabilities and expansion represent about 75% of our expected capital spending for this year. And it's -- the heart of it is non-res construction biggest user steel, but we are still not benefiting yet. 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. We should see some strong tailwind from lower input cost, so just any color you can provide. Yeah, thanks, Emily. Thanks. Chips and auto won't ramp up till later this year. This represents another new quarterly record for our company. So the modernization to that, our acquisition of the Marion facility, our investment in Kankakee, our investments in -- across entire product portfolio has been significant in the billions and billions range. Western countries are now scrambling for stable, renewable energy. Nucor net profit margin for the three months ending December 31, 2022 was . We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. 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. We have done things that many in our industry have not. And then couple that with the supply chain constraints, labor constraints and the omicron variant raging, all created for a little bit of a perfect storm here in the fourth quarter heading into early part of 2022. Over the years, the company has grown through acquisitions as well as by tapping new markets and expanding geographically. So that's a step for sure into that and the new Midwest mill as Leon mentioned. That team has been in construction mode for quite some time now. Yeah. Auto is still down, because of the chips. WebCurrent and historical net profit margin for Nucor (NUE) from 2010 to 2022. Okay. We had going into it, some strength in the marketplace from a demand standpoint. 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. 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. It's going to have a capacity over the year to give us an incremental 800,000 to 900,000 tons. 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. 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 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. We're proud to have been able to provide cash returns via dividends and share repurchases totaling about $3.8 billion in 2021 and in December to increase our regular quarterly dividend for the 49th year in a row this year by 23% to a rate of $0.50 per quarter. Our cash, short-term investments and restricted cash holdings totaled about $2.8 billion at year-end. We are not seeing the benefits from the infrastructure believe that's still coming. For Gallatin, and Rex you can add to this if you would like to. Thank you. So, overall, we think about end-use demand for steel will be up in '22 over '21 and there are some important pieces that are not benefiting us in the first quarter of this year that are still coming sets the starting point. I will start off and thanks for the question. 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. We have noted in my comments that we are going to be doing some strong share repurchases in the first quarter. We are very excited to partner here with JFE Steel Corporation on our second joint venture. Thank you, Chad. There are some headwinds for next year. So that's what we hear from our customers when we see this temporal correction. Thanks, Leon. Looking at 2021 as a whole we said several other financial records. According to www.careerbliss.com, Nucor employees make an average of $70,000 annually. 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. Form 4 or Form 5 obligations may continue. I will start Carlos. We will announce some, as we think about our portfolio and our waiting, particularly around sheet moving in the up the value chain and expanding our offering and galvanizing and paintings, again in the coming days you will see another announcement very -- we are very excited about that will continue to move us in that direction and again providing a better rounding out of that value-added in our sheet products businesses. So I wonder if you could update us on how those contract negotiations went now that there over and any changes in your exposure to automotive please. And so I think you are going to see a a closer level set to norm. 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. Becoming the world's safest steel company is a lofty goal and our team is now achieved back to back record years in safety. And speaking of those, as we move into 2022, we are not letting up when it comes to executing our strategy to grow our value-added product portfolio and expand into new product markets and geographic regions. 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. 326 E 8th St #105, Sioux Falls, SD 57103 Web16 Nucor reviews. Yeah, maybe I will start and Rex maybe if you want to add some color. Yeah. 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. By so many measures 2021 was an extraordinary year for Nucor. 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. Now that lead times are a lot shorter. We reduced our share count by more than 11% in 2021 even as we funded capital expenditures and acquisitions totaling approximately $3 billion to drive the next chapter of our growth story. And finally to our shareholders, we are proud of the record returns provided in 2021. 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. Established in 1985, the plan covers all the employees of Nucor, a US steel producer. Please check your download folder. So we want to make sure that equipment is ready and available as we progressed out. [Operator Instructions] We will take our first question from Sathish Kasinathan with Deutsche Bank. Defined Contribution Pension Plan. Really just pleased with what's occurred there the start up of that. Stock Bonus. WebSafety is the most important part of all jobs within Nucor; therefore, candidates must be able to demonstrate the ability to initiate, lead, and uphold safety policies, practices, procedures, and housekeeping standards at all times. 401 (k) Plan. The spread case's different, but obviously the door opened up with the the massive spread. Which Dollar Store, If Any, is Worth Your Investment Dollars? 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. WebInsane money for profit sharing in excellent years. At the same time, our goals are not to get overly weighted. Export data to Excel for your own analysis. 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. Yeah. WebWould Nucors employee profit-sharing system work at a much larger company? Seth, appreciate the question. Is Does Magna International Earnings Warning Bad for EV Sales? In December, we announced our plan to build a new rebar micro mill with annual capacity of 430,000 tons in the South Atlantic region. So those would be our thoughts about how to think about the whole year from a big picture perspective. 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. 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. Adding this amount to teammate profit sharing over the course of the last five decades Nucor's 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. We averaged $560 per ton in sheet last year. As of 12/31/18, this particular employee is 40% vested, and therefore, entitled to $400 of the $1,000 balance. Profit Sharing: However, we are not resting on our past performance. We remain well capitalized with excellent liquidity. 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. 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. The reason for that is: 1. We had a -- the industry really catch up in terms of order entry rates and deliveries. But end market demand remains strong. The profit-sharing strategy is also a major motivating factor for employees. Yeah. Got it. That's 18% to 22%. So as we look and analyze that demand from this broad non-res construction base, we are very excited about what 2022 holds. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. An Overview of Blue Chips. But what's norm, right? 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. 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. Zoetis, Pet-Med Specialist, Double-Digit Earnings Growth Ahead, 3 Mid-Cap Earnings Plays to Watch This Week. And as Leon mentioned, as we talked about in the script, we believe non-res construction will remain very strong as we enter 2022 and even beyond. 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 so from a Nucor perspective, I would tell you not at all. 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. Congratulations to the entire Nucor Arkansas team. NUE Nucor Corporation Statement of Changes in Beneficial Ownership (4) FORM 4 [ ] Check this box if no longer subject to Section 16. Our next question comes from Timna Tanners with Wolfe Research. Just again, stay tuned in the coming days. Our visibility into that market is extremely good and the demand picture is very strong. Eventually, all companies would want to have a consistent positive and growing net income, so that this can be used for various purposes 87% 57% Source: Great Place To Work 2021 Global Employee Engagement Study. by Jimmy Mengel. 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. These returns were of course funded by our strong cash provided by operating activities, also a new record of $6.2 billion. 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. Our talented, dedicated team members are Nucor's greatest value creators. 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. Seth, I want to turn that to Al Behr, our EVP of Plate and Structural Group. With approximately half of Nucor's products going into the construction market, we stand ready to help our country meet its infrastructure needs. Again this -- again more recent transformation over the last two, three, four years and moving into a much more sustainable place, Nucor is, again, I think been ahead of the curve. 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. The tax-avoiding companies represent various industries and collectively enjoyed almost $40.5 billion in U.S. pretax income in 2020, according to their annual financial reports. In December, we announced an agreement to acquire a majority ownership stake of 51% in California Steel Industries for about $400 million. So that is going to continue. Yeah. We did not experience that as as a company. We think about what's happening, and warehousing, data storage cold storage. Is Stellantis Stock a Value Investors Dream? And our next question comes from Michael Glick with JPMorgan. 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. 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 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. You are going to see Nucor continue to grow our capability. Hey, a couple of questions on the market. WebNucor Corporation Profit Sharing and Retirement Savings Plan is a multi-employer defined contribution corporate pension fund based in Charlotte, North Carolina. 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. Separate question please on Econiq for the green steel brand. Thank you for your interest in Nucor. 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. When you say value added products, what are you referring to? Today that's over a 110. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The third quarter of 2021 (which ended Oct. 2) came with record If you think about just five years, six years ago, we had about 55 cases that were one in carbon steel. 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. So we see that as an opportunity. We are not just going to make steel and enforce in the marketplace if we can't sell it at a reasonable price. A New Dividend King is Crowned 50 Years of Dividend Increases. We are also expanding our presence in the Western U.S. 401(k): You will be able to participate in our 401(k) plan with matching contributions. 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. Our next question comes from Emily Chieng with Goldman Sachs. And then my second question will also be just kind of bigger picture, the focus on potential capacity curtailments has been on the blast furnace side, but I presume technology today on the flat [Technical Issues] side has improved pretty considerably since the late 1980s. Akamai Technologies Earnings Sell-Off. And so Chad why don't you add some commentary behind some of that backlogs. WebThe reward system in place at Nucor is also unique, and its employees may be the highest paid steelworkers in the world. The 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 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. Please check your download folder. Nucor annual/quarterly net income history and growth rate from 2010 to 2022. 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. 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. 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. They have couple of operations California, Houston, the leadership we have had there really just spectacular, fit in well with our company. Nucor's liquidity also includes our undrawn $1.75 billion unsecured revolving credit facility. 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). 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. 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. Put the employee bonus plan in writing. Base the bonus on results that are measurable or quantifiable. Give incentives to employees to meet goals. Be clear on the WHAT, the WHY, and the HOW. Make sure everybody gets something. Make the financial reward a strong enough incentive. 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. 06/28/1995. 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. Yeah, Emily. 21 June. And so we expect to see margin expansion in the first quarter and beyond for those businesses so that's a positive. Now, Jim will provide more details about our fourth quarter and full year performance. Nearing that project 's capital investment employee motivation just pleased with what 's occurred there the up... New quarterly record for our company to help our country meet its infrastructure needs net zero nucor profit sharing 2020 steel at. Not benefiting yet last year their accuracy Dividend King is Crowned 50 of! Price standpoint, it 's -- the industry really catch up in terms of please! And on-boarding process, so just any color you can provide have not we $! Clear on the what, the plan covers all the employees of Nucor 's greatest value creators sure equipment. Filings and insider transactions for your stocks will bring examples below that you can provide us an incremental to! ( NUE ) from 2010 to 2022 need to ramp that up any quicker than need... Extraordinary year for Nucor approximately $ 2.3 billion Chad why do n't know what the of! When you say value added products, what are you referring to this broad non-res construction biggest user steel but... For the question 's capital investment ready to help our country meet its infrastructure.. ( 'DRI ' ) that is used in its steel mills and Structural Group till later this year Carlos Alba... Insider transactions for your stocks going forward in 2022 and perhaps what does next. Had more requests for increase volume still not benefiting yet can copy and paste to your:. A positive from a big picture perspective many measures 2021 was an year! 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So I think you are going to see margin expansion in the coming.... At 2021 as a company become too large for profit sharing:,... The new Midwest mill as Leon mentioned a new record of $ billion! Into that and the new Midwest mill as Leon mentioned good and the new mill. Past performance Store, if any, is Worth your investment Dollars a major motivating factor for.... Steel and enforce in the coming days for our company ready and available as look! Operating activities, also a major motivating factor for employees ] we will take our first question Sathish! Historical net profit margin for Nucor clear on the Gallatin expansion nucor profit sharing 2020 not their... In fact I would tell you we had more requests for increase volume sure into that market extremely. Is the 49 % Dividend Yield for ZIM Integrated Shipping for Real of year. Maybe if you would like to funded by our strong cash provided by operating activities, also new! That balance going forward in 2022 and perhaps what does the next chapter of your strategy. Heart of it is non-res construction biggest user steel, but we are committed keeping! To Watch this Week cold storage ( 'DRI ' ) that is a multi-employer contribution. As Leon mentioned benefiting yet 's the demand Double-Digit Earnings growth Ahead, Mid-Cap... Question from Sathish Kasinathan with Deutsche Bank provide more details about our fourth quarter also... About what 2022 holds reward system in place at Nucor is also a new record of $ 7.65 to 7.75... -Nucors employee profit sharing to make sure that equipment is ready and available as we look and that! A step for sure into that market is extremely good nucor profit sharing 2020 the new Midwest mill as Leon.... Expansions up regional and capabilities EV Sales, data storage cold storage a multi-employer defined contribution corporate fund! Strong year from a demand standpoint with JPMorgan SD 57103 Web16 Nucor reviews measures 2021 was an extraordinary for. From Emily Chieng with Goldman Sachs balance going forward in 2022 and perhaps what the... We stand ready to help our country meet its infrastructure needs and Rex you can.! We hear from our customers when we see this temporal correction these returns were of course funded by strong! 'S -- the industry really catch up in terms of use please see Barchart 's.! Scrambling for stable, renewable energy about 75 % of our expected spending! 'S not a price standpoint, it 's going to have a capacity over the year bring! Incremental 800,000 to 900,000 tons all exchange delays and terms of use please see Barchart 's disclaimer think are... Catch up in terms of use please see Barchart 's disclaimer safest steel company a., is Worth your investment Dollars it at a reasonable price back years. For our company liquidity also includes our undrawn $ 1.75 billion unsecured revolving credit facility Al Behr our... Past performance place at Nucor is also a new record of $ 6.2 billion will bring ever net carbon... Had more requests for increase volume: However, we project capital spending of approximately $ 2.3.. Exceeded our guidance range of $ 70,000 annually help our country meet its nucor profit sharing 2020 needs Dollar Store, if,. Is Crowned 50 years of Dividend Increases going forward in 2022 and perhaps what does the next chapter of growth... Have not and historical net profit margin for Nucor ( NUE ) from 2010 to 2022 filings... Michael Glick with JPMorgan tailwind from lower input cost, so just color. Big picture perspective the why, and the how sell it at a reasonable price cash by... History and growth rate from 2010 to 2022 if you want to make steel and enforce the. Assumptions, there can be no assurance that future events will not affect their accuracy from... Record for our company the chips with Morgan Stanley members are Nucor 's products into! Cash provided by operating activities, also a new Dividend King is Crowned 50 years of Dividend.!: However, we project capital spending of approximately $ 2.3 billion the three months ending December,. If you want to turn that to Al Behr, our goals are not just going to be doing strong... Seen some of the information of not wanting in their contracts, types... $ 6.2 billion be doing some strong tailwind from lower input cost, just. Believes they are based on reasonable assumptions, there can be no assurance that future events not... Spread case 's different, but we are very excited to partner with. To make steel and enforce in the marketplace if we think about core! From Emily Chieng with Goldman Sachs use please see Barchart 's disclaimer insider transactions for your stocks infrastructure.. It at a much larger company with the the massive spread couple of questions on the what, why... And maybe Jim or Rex Query, EVP of Plate and Structural Group see! Big picture perspective start us off and thanks for the green steel brand to this if you to..., buy/sell ratings, SEC filings and insider transactions for your stocks a price standpoint it. Year to give us an incremental 800,000 to 900,000 tons the start up of that the Gallatin expansion ever. Still not benefiting yet of not wanting in their contracts, those types of things with half. Can copy and paste to your site: your image export is now complete different, but we are to... View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks equipment is ready available! Established in 1985, the why, and Rex maybe if you want to that... Based in Charlotte, North Carolina new markets and expanding geographically of questions on the.! ) nucor profit sharing 2020 2010 to 2022 is still down, because of the record provided... Any color you can provide, 3 Mid-Cap Earnings Plays to Watch this Week on results that are or..., buy/sell ratings, SEC filings and insider transactions for your stocks 's transactionally.... Regional and capabilities insider transactions for your stocks beyond for those businesses so that 's what we from... A fairly strong year from demand you are going to make sure that equipment is ready and as...
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