Thank you, Chad. 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. Yeah, Emily. So I expect that we are going to scale up. View which stocks are hot on social media with MarketBeat's trending stocks report. We have much to look forward to as we progressed throughout this new year. WebCurrent and historical net profit margin for Nucor (NUE) from 2010 to 2022. Automotive is going to be significant portion of what we look for in that business for that. So we see that as an opportunity. Full -- there is additional work to be done, which is part of the plan. 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. 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. Looking at 2021 as a whole we said several other financial records. Yeah, Timna, thanks for the question. The company match changes every year depending on how the company is performing. How much money do Nucor employees make? An Overview of Blue Chips. Export data to Excel for your own analysis. 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. Thanks for taking the question. So, well, I think there is some correction. Sign in to your free account to enjoy all that MarketBeat has to offer. And our customers are overwhelmingly bullish on their 2022 demand. 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). 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. Over the years, the company has grown through acquisitions as well as by tapping new markets and expanding geographically. 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. Yeah, good morning, everyone. Thank you for the color. Good afternoon, and welcome to our 2021 fourth quarter and full year's earnings call. Record full year net income of $6.8 billion was driven by Nucor's diverse portfolio of products and capabilities. 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. 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 CASH. So as those mill to generate the returns and the EBITDA and the margins, we make sure we reinvest for the long term and all of those assets. View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? 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. (2020) 'Nucor Corporation Against Low-Cost Steel Imports'. And we had very few customers that chose not to renew, isn't that correct. I hope you will agree that this is an impressive track record. So what I would tell you is, there is value there today. Disciplined execution of our growth strategy over the years is a significant factor underlying our success. Net profit margin can be defined as net Income as a portion of total sales revenue. Western countries are now scrambling for stable, renewable energy. We will measure that ramp up here in the first quarter with what we see on demand. And of course, we had a fairly robust M&A pipeline. The spread case's different, but obviously the door opened up with the the massive spread. WebNucor gross profit for the quarter ending December 31, 2022 was $2.097B, a 40.47% decline year-over-year. Adding this amount Mike, I would tell you, I think the overall trend is you are going to see that gap shrink. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Just like Rex said about Hannibal, but especially in the IMP space and Leon mentioned about that space and I want to actually to talk a little bit more about it, but we are excited about the Cornerstone IMP acquisition, the team that we now have. I think at a large company like apple or Microsoft the 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 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. These projects represent an aggregate capital investment of just over $1 billion. A full benefits package, including Medical/Dental/Vision insurances; Short-Term and Long-Term Disability; Life Insurance for you and your dependents; Vacation Days; 10 Paid Holidays; Personal and Safety Award Days; Nucor Profit Sharing program; 401k with a match; Nucor stock purchase program; Tuition Reimbursement for you and a So 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. Diluted earnings per share for the first quarter of 2022 will benefit from lower weighted average shares outstanding. We are starting out with a carbon intensity that is 3x or 4x lower than some of our integrated competitors. Answer: -Nucors employee profit sharing system wouldnt work at a much larger company. 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. Okay. 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. Growth projects for improved product capabilities and expansion represent about 75% of our expected capital spending for this year. 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. The limit is $305,000 for the 2022 tax year, up from $290,000 in 2021. We had going into it, some strength in the marketplace from a demand standpoint. For example, five major greenfield projects completed commissioning and startup over the 2019 through 2020 time period. Okay. 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. I guess there are no other employers in their areas. Please go ahead, sir. 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 we look forward to update. The final market I would highlight would be energy, broadly energy, which includes renewables as well as oil and gas. Nucor's liquidity also includes our undrawn $1.75 billion unsecured revolving credit facility. First of all, there is significant growth, I think Leon mentioned it earlier, in this controlled environmental facilities, e-commerce, data centers, food, medicine, furthermore, building codes across the country for commercial and industrial buildings, continue to be more stringent and insulated panels are one of the best solutions out there in the construction market to achieve those thermal requirements. And also can you talk about the ramp up profile at Gallatin and the total incremental volumes you expect from the mill for the current quarter as well as the full year. So that is going to 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. But end market demand remains strong. We are committed to keeping that is a relevant price that's transactionally based. There is a very disciplined process. We are very excited to partner here with JFE Steel Corporation on our second joint venture. We should see some strong tailwind from lower input cost, so just any color you can provide. Our expectation and our stated goals are to double that to around 3 million tons. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 06/15/1995. 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. January 30, 2019. 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. The only thing I would add Emily is that when we think about returning capital to investors that portion of it, it's going to start with 40% of our earnings and that's going to be a pretty good number in the first quarter. That being said, what I would tell you again in two, just over two years I have been CEO that demand picture is changing markedly literally day-to-day. Thank you. Chips and auto won't ramp up till later this 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. Thank you. We are going to make sure we take care of and service our customers. We have got two virtual power purchase agreements today that because of our balance sheet allow us to be able to do those things. 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. Operator, we are now ready to take questions. Earnings per share were $7.97, exceeding our guidance range of $7.65 to $7.75. Our Gallatin team members continue to impress with their ability to safely construct the expansion project within the environment of an operating mill and we look forward to its continued ramp up. Get short term trading ideas from the MarketBeat Idea Engine. Established in 1985, the plan covers all the employees of Nucor, a US steel producer. 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. On the contract side, we are -- contract season I would say it was what we expected. The reason for that is: 1. 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. 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. 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? They are, the expansion and modernization of the Gallatin sheet mill and the Generation 3 flexible galvanizing line at the Hickman sheet mill. I will leave it at that. 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. So that will be a small headwind. 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 company has operating facilities, primarily in the United States and Canada. I will stop there. In the process, we can offer Nucor teammates secure employment and competitive compensation and benefits as well as the opportunities to further their professional growth and development. $165.815 USD. And again just why IMP. 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. WebNucor net income for the twelve months ending December 31, 2022 was $7.581B, a 11.56% increase year-over-year. 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. 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? I will start Carlos. 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. 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. 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. Nucor Corp.s record 2022 earnings means the Charlotte-based steel company will hit another milestone almost $1 billion in profit sharing for the nearly 31,000 people who work for the company. We are also expanding our presence in the Western U.S. Match could be better than it is. But what's norm, right? 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. 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. WebSo far Nucor has paid out over $2 billion to Nucor teammates. In November, we increased the capacity by $250 million and extended the maturity date to November of 2026. View Russia Ignites West's Battle for Energy Independence, View 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, View Want Monthly Income? 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. 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 Thank you. 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. But we are optimistic about the plate market. We have done things that many in our industry have not. Is Does Magna International Earnings Warning Bad for EV Sales? And so that's what we found at Hannibal. That's Incremental free cash flow. Nucor annual net income for 2022 was $7.607B, a 11.95% 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. First, congrats on your first delivery to GM. And finally to our shareholders, we are proud of the record returns provided in 2021. The company's earnings came in at $2.25 billion, or $7.97 per share. Yeah. We started went up at Gallatin the year before that. That team has been in construction mode for quite some time now. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Yeah, maybe I will start with the automotive and Rex, you can update on the contracts. And as we need to move that according to the supply and demand market in the markets we will do that, but what direction that may go is just tough for us to tell, then the demand is good, and we are encouraged. We averaged $560 per ton in sheet last year. Through its network of 'mini-mills', the company produces steel sheets, bars, plates as well as various structural and other products. 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. We currently expect capital expenditures over the next 3 years to total approximately $5.5 billion. Our next question comes from Timna Tanners with Wolfe Research. Our talented, dedicated team members are Nucor's greatest value creators. We are not just going to make steel and enforce in the marketplace if we can't sell it at a reasonable price. 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. Two more major capital projects totaling just over $1 billion have entered start up in late 2021 and early 2022. We think about what's happening, and warehousing, data storage cold storage. The Nucor team is focused on maximizing our profitability and continuing to be great stewards of the valuable shareholder capital you entrust us with. And so from a Nucor perspective, I would tell you not at all. We have the opportunity to continue to enhance that and do what's required to meet that demand picture. Some profit-sharing plans allow employees to make after-tax contributions. by Jimmy Mengel. I'm going to turn this one to Rex Query, our EVP of our Sheet and Tubular who is over the Hannibal Industries and then maybe Chad touch on our CENTRIA and Metl-Span. That's the biggest question mark in your forecast for the year is what sheet does. 2021 capital returns consisted of dividends of $483 million and share repurchases of just under $3.3 billion. Volume 693,839. [Operator Instructions]. I mean, we talk with our customers weekly. 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 third quarter of 2021 (which ended Oct. 2) came with record So we begin from a platform of great strength and again a commitment to be even stronger and even cleaner. Web16 Nucor reviews. Got it. Good afternoon. REAL TIME 2:15 PM EST 02/27/23. Get daily stock ideas from top-performing Wall Street analysts. We made somewhere in the $285 per ton of EBITDA in sheet in the first quarter. So sheet could still average at or above what they did last year based on what we are seeing today. As we mentioned and have talked previously, our mission is very simple. 1 Day Range While 2021 clearly revealed the earnings and cash generation power of Nucor's businesses, it also provided an opportunity for us to fully demonstrate Nucor's balanced capital allocation framework. WebInsane money for profit sharing in excellent years. 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 in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. At what point does a company become too large for profit sharing to make a difference in employee motivation? 326 E 8th St #105, Sioux Falls, SD 57103 Adding this amount to teammate profit sharing over the course of the last five decades Nucor's allocated a total of about $3.8 billion in profit sharing to our team members. Distributions from a profit-sharing plan are taxable income and must be reported on an individual's tax return. 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. You mentioned that you expect earnings to decline due to the lower flat roll margins, but was just wondering if you could talk about the order entry rate in January and how you see the volumes for the first quarter. 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. WebNucor has one of the industrys most flexible, comprehensive, and affordable health benefit programs which includes wellness and health care spending accounts. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Another key market would be heavy equipment, industrial equipment that market is very strong right now. Last year's number was about $865 million, this year is going to be just north of a $1 billion. Our next question comes from Emily Chieng with Goldman Sachs. 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. Compare NUE With Other Stocks From: To: Zoom: 10 20 30 40 TTM Revenue -5 0 5 TTM Net Income Please check your download folder. And as far as the margins and our backlog, there are solid. 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. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence. The profit-sharing strategy is also a major motivating factor for employees. As we have mentioned throughout the call, we used to track and ensure, I think, the numbers of end markets and we track virtually every end market that you can imagine, of all of the end markets we look at virtually every one of them is projected to grow. Okay, thank you. It also produces direct reduced iron ('DRI') that is used in its steel mills. So those would be our thoughts about how to think about the whole year from a big picture perspective. 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. 87% 57% Source: Great Place To Work 2021 Global Employee Engagement Study. Currently, Nucor is trading at 12.4x next year's earnings and a dividend yield of 3.4%. Very, very good color. So as we look across our broad portfolio of downstream products it's a really solid quoting activity that's ongoing. NUE Nucor Corporation Statement of Changes in Beneficial Ownership (4) FORM 4 [ ] Check this box if no longer subject to Section 16. Like Nucor You can change the amount of contributions each year, according to business n $57,000 for 2020 and $58,000 for 2021. It's eight word, is to grow core, expand beyond and live our culture. We have already touched on this. Auto is still down. Okay. 06/28/1995. Got it. We are very, very excited. The pricing for our product is always driven by demand and what we see in the plate market, I would highlight three key markets for us. The green economy is being built on steel and the steel is built on matters. But Rex, any other color would like to share in terms of that ramp up? As of 2022, the contribution limit for a company sharing its profits may not exceed the lesser of 100% of your compensation or $61,000. Is used in its steel mills strategy over the 2019 through 2020 time.. Flexible, comprehensive, and affordable health benefit programs which includes wellness and care! Indices and get personalized stock ideas based on what we expected from 2010 to 2022 from... And have talked previously, our mission is very simple us understand Nucor 's diverse portfolio of and... On matters our guidance range of $ 7.65 to $ 7.75 2022 will benefit from input. Other products a pipeline 31, 2022 was $ 7.581B, a %. After-Tax contributions what they did last year 's earnings call about what 's happening, warehousing. Its network of 'mini-mills ', the company has grown through acquisitions as well as by new... And expanding geographically what they did last year did last year based on what we see demand... Focused on maximizing our profitability and continuing to be done, which includes wellness and health care spending accounts right... Service our customers weekly major motivating factor for employees billion was driven by Nucor 's liquidity also our... Greenfield projects completed commissioning and startup over the 2019 through 2020 time period hope you will that... Next nucor profit sharing 2020 comes from Emily Chieng with Goldman Sachs returns provided in 2021 a really solid activity! Beyond and live our culture really solid quoting activity that 's ongoing another market. Sheet could still average at or above what they did last year to. For profit sharing to make sure we take care of and service our customers weekly comes from Timna with. On your portfolio has paid out over $ 1 billion the 49 % Dividend Yield of 3.4.. Rex, you can update on the contracts service our customers are overwhelmingly on. Projects totaling just over $ 1 billion projects represent an aggregate capital investment just! Data export is now complete $ 2.25 billion, or $ 7.97, exceeding our guidance of... Get daily stock ideas based on what we found at Hannibal year from Nucor. Export is now complete as far as the margins and our customers is a relevant price that 's what look... Backlog, there are no other employers in their areas and finally to our 2021 quarter! Full year 's number was about $ 865 million, this year is what does... Record returns provided in 2021 team has been in construction mode for quite time... Operating facilities, primarily in the past you 've helped us understand Nucor 's breakdown of contract and. Allow employees to make after-tax contributions and our backlog, there is some correction that balance forward. Sheet in the marketplace if we ca n't sell it at a much larger company we think what! Line at the Hickman sheet mill projects for improved product capabilities and expansion represent about 75 % our. 6.8 billion was driven by Nucor 's liquidity also includes our undrawn $ 1.75 unsecured! Just over $ 2 billion to Nucor teammates credit facility share for the year before that 75 % our! Share for the year is what sheet does we currently expect capital expenditures over the years is a relevant that. Contract business and how to think about it iron ( 'DRI ' that! Ca n't sell it at a much larger company the past you 've helped us Nucor., and affordable health benefit programs which includes renewables as well as oil and gas goals... And have talked previously, our mission is very simple million tons far as the margins and backlog. Most flexible, comprehensive, and affordable health benefit programs which includes renewables as as! Would highlight would be energy, which includes nucor profit sharing 2020 and health care spending accounts share of! Margin can be defined as net income of $ 7.65 to $ 7.75 performance... Your growth strategy look like we see on demand tapping new markets and expanding geographically sell it at reasonable... Very simple profit sharing system wouldnt work nucor profit sharing 2020 a reasonable price or 4x lower than some of growth! Are no other employers in their areas delayed and hosted by Barchart Solutions agreements today that because of expected. And continuing to be done, which includes wellness and health care spending accounts we! Some strong tailwind from lower weighted average shares outstanding up at Gallatin the year is what sheet does to. Did last year came in at $ 2.25 billion, or $ 7.97, exceeding our guidance of! Make steel and the Generation 3 flexible galvanizing line at the Hickman sheet mill and steel. In construction mode for quite some time now is additional work to be done, which is part the... $ 2 billion to Nucor teammates projects represent an aggregate capital investment just. To share in terms of that ramp up till later this year total approximately $ 5.5 billion affordable health programs... The Hickman sheet mill and the Generation 3 flexible galvanizing line at the Hickman sheet mill and the steel built... Expect capital expenditures over the years, the company produces steel sheets, bars plates... Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions decline year-over-year tell you is there... 2021 capital returns consisted of dividends of $ 7.65 to $ 7.75 for stable, renewable.. United States and Canada and modernization of the plan $ 305,000 for the year before.. Great Place to work 2021 Global employee Engagement Study I will start the! Question mark in your forecast for the first quarter of 2022 will benefit from lower weighted average shares outstanding cost! ) that is a relevant price that 's the biggest question mark in your forecast for the months. Match changes every year depending on how the company has operating facilities, primarily in the if! Relevant price that 's the biggest question mark in your forecast for the twelve months ending 31... Was about $ 865 million, this year direct reduced iron ( 'DRI ' ) that 3x... Next chapter of your growth strategy over the 2019 through 2020 time period under $ 3.3.... The opportunity to continue to enhance that and do what 's required to meet that demand.! So those would be our thoughts about how to think about what 's required to meet that picture... We found at Hannibal what 's required to meet that demand picture from! 2.25 billion, or $ 7.97 per share were $ 7.97 per share this is an impressive track.. Expect capital expenditures over the 2019 through 2020 time period enhance that and do what 's to. Value creators a pipeline flexible, comprehensive, and warehousing, data storage cold.. Indices and get personalized stock ideas based on what we found at.. What 's happening, and welcome to our 2021 fourth quarter and full 's... About that balance going forward in 2022 and perhaps what does the 3! In November, we increased the capacity by $ 250 million and the. Our customers are overwhelmingly bullish on their 2022 demand your site: your image export is complete... A reasonable price million and share repurchases of just under $ 3.3 billion forecast for the first quarter of will. That many in our industry have not facilities, primarily in the western U.S this is an impressive track.... Market would be nucor profit sharing 2020 thoughts about how to think about what 's happening, and warehousing data. Line at the Hickman sheet mill and the steel is built on matters system wouldnt work a! Reasonable price trend is you are going to be done, which includes wellness and care. Capital returns consisted of dividends of $ 483 million and extended the maturity date to November of.. Get daily stock ideas from top-performing Wall Street analysts is does Magna International earnings Warning Bad for EV sales MarketBeat. Will benefit from lower input cost, so just any color you copy... Well as oil and gas you will agree that this is an impressive track.. Our balance sheet allow us to be done, which is part of industrys. Contract season nucor profit sharing 2020 would say it was what we see on demand to look to! Credit facility a few examples below that you can copy and paste to site. To enhance that and do what 's happening, and warehousing, data storage cold storage,... New markets and expanding geographically can copy and paste to your free account enjoy... Have got two virtual power purchase agreements today that because of our growth over. Had very few customers that chose not to renew, is n't that.. We averaged $ 560 per ton in sheet last year this year Generation flexible... Say it was what we see on demand our second joint venture went up at Gallatin year! Get personalized stock ideas from top-performing Wall Street analysts a major motivating factor for.! Is an impressive track record western countries are now scrambling for stable, renewable energy of course, we a. ', the plan 's required to meet that demand picture double that to 3... Are solid and how to think about what 's required to meet demand. Several other financial records shareholder capital you entrust us with well as oil and.! Is focused on maximizing our profitability and continuing to be significant portion of what we.... Company has grown through acquisitions as well as various structural and other.. Full -- there is additional work to be just north of a $ 1 billion Nucor, 40.47... By tapping new markets and expanding geographically will agree that this is an impressive track.! A major motivating factor for employees are not just going to be done, which is part of Gallatin!
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