We are very, very excited. Profitability records were set by numerous businesses including Nucor sheet mills, rebar and merchant bar mills, engineered bar mills, plate mills, structural mills, joist and deck, tubular products, cold finished bars, and fasteners. Yes, Satish. Nucor net profit margin for the three months ending December 31, 2022 was . Our next question comes from Carlos De Alba with Morgan Stanley. And so as we move forward the short-term inflection that we are seeing both in pricing as well as some of the volumes that we think are a short-term factors are based on imports and obviously what we saw in the third quarter in terms of buying patterns are the spread between HRC domestically and internationally was at a all-time high. Yeah. But if we think about overall volumes in the first quarter, it's probably going to be slightly up because of seasonality in the first quarter. 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. 92% I'm proud to tell others I work here. And that concludes today's question-and-answer session. The statutory federal tax rate for corporate profits is 21 percent. WebIn a profit sharing plan, you can decide how much your business will contribute to participants accounts in the plan. More and more companies as you guys know developers and owners, see the value and are focusing on the E in ESG and we have also watch the growth of IMP in Europe and we believe the U.S. market while currently about a $1 billion market for IMP, we believe that could grow in excess of $2 billion, so still on-boarding, still integrating, there are a few challenges to work through, but excited about the future. 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. 92% 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 In 1972 the company adopted the name Nucor Corporation, which would soon become a well steel company within the U. S. 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. As Leon mentioned, fourth quarter of 2021 earnings of $7.97 per diluted share established a new quarterly record, eclipsing the prior record of $7.28 per share established in last year's third quarter. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. Yeah, hi, good afternoon. So, I'll go back and read our earnings releases that we published about each of the major projects and see that data. 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. Form 4 or Form 5 obligations may continue. 5 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. In December, we announced an agreement to acquire a majority ownership stake of 51% in California Steel Industries for about $400 million. Satish l will start us off and maybe Jim or Rex Query, EVP of our Sheet Group can touch on the Gallatin expansion. And it's -- the heart of it is non-res construction biggest user steel, but we are still not benefiting yet. A New Dividend King is Crowned 50 Years of Dividend Increases. WebNucor gross profit for the quarter ending December 31, 2022 was $2.097B, a 40.47% decline year-over-year. How much money do Nucor employees make? So integration to us, we look at that leadership and entered an existing company and we evaluate that fit as well. So what I would tell you is, there is value there today. Our crystal ball gets pretty fuzzy when we look out very much past the next month or so. While we faced some short-term challenges with chemical supply and a portion of inadequately priced backlog at the time of acquisition, we are still very excited about our future in IMP. Our team delivered incredible financial and operating results over the course of the year, while working safely and responsibly. Before getting too deep into this, Nucor deserves some credit for its recent financial results. 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. 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. NUCOR CORPORATION : Forcasts, revenue, earnings, analysts expectations, ratios for NUCOR CORPORATION Stock | NUE | US6703461052 For a long time, we have been in that 1.5 million, 1.6 million ton a year range in the automotive side. We are going to make sure we take care of and service our customers. Yeah. We continue to see solid seasonal adjusted quoting activity. 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. Of course, we are also mindful of our responsibility to shareholders. 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. For the full year of 2021, they generated EBITDA totaling $674 million. Adding this amount Web87% of employees at Nucor Corporation say it is a great place to work compared to 57% of employees at a typical U.S.-based company . In this case, a portion of the distributions would be tax-free. WebProfit Sharing Retirement Savings Medical Tuition Scholarships Growth Potential Balance Paid Parental Leave EMPLOYER RECOGNITION 1915 Rexford Road Charlotte, North Thank you. Thank you and have a great day. 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. I have a few questions first from plate and then I will follow up later on green steel please. If you look at our industry over the last 12, 18 to 24 months, there has been significant shifts in consolidation, rationalization and trade. Automotive is going to be significant portion of what we look for in that business for that. 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. Currently, Nucor is trading at 12.4x next year's earnings and a dividend yield of 3.4%. Reflecting this for 2021, our profit sharing totaled about $850 million. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Back to NUE Overview. Yeah, Emily. Hey, a couple of questions on the market. Becoming the world's safest steel company is a lofty goal and our team is now achieved back to back record years in safety. The valuation is attractive and the dividend yield is interesting. Yeah. So we will be able to feed into that. And we look forward to update. And so what we would be looking for, we are going to look at for that demand. View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? Powered by CiteTotal, online essay bibliography maker. At Nucor Corporation, workers receive some pension and welfare benefits. We are committed to keeping that is a relevant price that's transactionally based. Thanks, Leon. And as far as the margins and our backlog, there are solid. Nucor had 16 divisions that went zero recordable injuries in 2021 and I look forward to the day when our entire company achieves that same goal. Coming off a historic year like we had in '21. Our cash, short-term investments and restricted cash holdings totaled about $2.8 billion at year-end. A free inside look at company reviews and salaries posted anonymously by employees. And then finally, intercompany eliminations, last year our intercompany eliminations expense to revalue inventory to the cost of manufacture totaled about $776 million and it's going to be a much smaller number next year. So that's a step for sure into that and the new Midwest mill as Leon mentioned. I guess there are no other employers in their areas. 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. Those were key sectors. What benefits are offered to employees? Okay. Very, very good color. 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. First, converting capacity utilizations, we don't break those out typically in detail by business. A New Dividend King is Crowned 50 Years of Dividend Increases. And so we expect to see margin expansion in the first quarter and beyond for those businesses so that's a positive. Operator, we are now ready to take questions. WebRockledge Yard Laborer - FL, 32955. That easily beat 2020s $721.5 million in net I mean, we talk with our customers weekly. Match could be better than it is. With approximately half of Nucor's products going into the construction market, we stand ready to help our country meet its infrastructure needs. And if you think about Nucor's 55% return on equity, a large piece of that was attributable because of the sheet group. As most of you know, we are committed to first investing for profitable growth, while maintaining our strong investment grade credit rating and returning capital to our shareholders through cash dividends and share repurchases, a minimum of 40% of net income over time. 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. March 1, 2023 Is Does Magna International Earnings Warning Bad for EV Sales? 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. 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. We also continue to work with the administration and members of Congress to enforce our trade laws so that our market is free from the distortions caused by unfairly traded imports. Please check your download folder. The automotive sector that Jim Frias mentioned as well. 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. Thank you. See what's happening in the market right now with MarketBeat's real-time news feed. And we are excited about Econiq. Thanks for taking the question. 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. Thanks Seth. (844) 978-6257. That's very helpful. Earlier this month, we shipped our very first coil of Econiq to General Motors after having just launched this new line of steels this past October. However, we are not resting on our past performance. 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. 401(k): You will be able to participate in our 401(k) plan with matching contributions. 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. It's all BS. Nucor annual net income for 2022 was $7.607B, a 11.95% Our quarterly dividend is now about 30% higher than it was in 2018. They are tasked with growing that business. So the supply chain got full very quickly and maybe some even some over buying. Disciplined execution of our growth strategy over the years is a significant factor underlying our success. In November, we increased the capacity by $250 million and extended the maturity date to November of 2026. So, first, relative to the year, as part of your question gets into what you expect for the year. If you think about just five years, six years ago, we had about 55 cases that were one in carbon steel. And so from a Nucor perspective, I would tell you not at all. And -- but we do use an intrinsic value model that we show the Board every quarter. STOCK TRANSFERS, DIVIDEND DISBURSING & DIVIDEND REINVESTMENT. I will finish up on the Hickman galv line. Team let's keep up our focus in 2022 and of course for Nucor that begins with a value of safety. Hope all of you are doing well. Maintenance capital spending for equipment replacement spares and cost savings projects accounts for the roughly 25% remaining. So that is going to continue. Sorry, good afternoon, everyone. When we think about our free cash flow next year, we reduced our share count by 11% last year through significant capital or returns of capital to investors through share repurchases. 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. 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. Akamai Technologies Earnings Sell-Off. 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. So as we look across our broad portfolio of downstream products it's a really solid quoting activity that's ongoing. For all of 2021, Nucor reported net earnings of $6.83 billion, or $23.16 per diluted share, on $25.5 billion in sales. American Consumer News, LLC dba MarketBeat 2010-2023. These returns were of course funded by our strong cash provided by operating activities, also a new record of $6.2 billion. Separate question please on Econiq for the green steel brand. 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. Identify stocks that meet your criteria using seven unique stock screeners. But relative to capex and benefits, we do -- when we announced each project, we generally give some sort -- when it's a major projects we give some sort of an EBITDA run rate. Nucor gross profit for the twelve months ending December 31, 2022 was I will also comment on Hannibal and the racking that leadership team and that includes the existing there and the ones we have added from Nucor. The cumulative EBITDA generated by the Hickman specialty cold mill is nearing that project's capital investment. Another key market would be heavy equipment, industrial equipment that market is very strong right now. Yeah. 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. 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. Thank you. 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. 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. 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. Yeah, maybe I will start and Rex maybe if you want to add some color. Zoetis, Pet-Med Specialist, Double-Digit Earnings Growth Ahead, 3 Mid-Cap Earnings Plays to Watch This Week. 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. 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. At this time, I will turn the conference back to Mr. Leon Topalian for any additional or closing remarks. How should we think about that balance going forward in 2022 and perhaps what does the next chapter of your growth strategy look like? I would tell you that that value increases as we move forward, because many of our end customers cannot achieve their end stated goals of their carbon footprint reduction targets without an incoming steel that is significantly lower than most of the world average is. 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. 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. We have noted in my comments that we are going to be doing some strong share repurchases in the first quarter. Switching to the plate market, our Brandenburg, Kentucky greenfield mill is on track to begin rolling its first steel plate product in the fourth quarter of this year with a capability to manufacture nearly all the different types of plate products consumed in the United States, Brandenburg will position Nucor as the supplier of choice in the domestic plate market, which includes applications in offshore wind, heavy equipment, construction and military. 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. So sheet could still average at or above what they did last year based on what we are seeing today. On the contract side, we are -- contract season I would say it was what we expected. The company match changes every year depending on how the company is performing. So the things from great extra some of those things, but we are -- discussed with our customers, but at the same time, you got to look at the total package, if you will of what they see is value. Congrats on a strong set of financial results as well as the safety record. Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. I will start off and thanks for the question. Through its network of 'mini-mills', the company produces steel sheets, bars, plates as well as various structural and other products. 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. 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. It's just a very solid demand picture. So, that really is what it comes down to Seth. 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? The final market I would highlight would be energy, broadly energy, which includes renewables as well as oil and gas. 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. 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. 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. Mike, I would tell you, I think the overall trend is you are going to see that gap shrink. 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. An Overview of Blue Chips. WebSo far Nucor has paid out over $2 billion to Nucor teammates. I know that there was a lot of chatter about moving to shrink the discounts against CRU. A Buying Opportunity? 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. And we had very few customers that chose not to renew, isn't that correct. WebThe reward system in place at Nucor is also unique, and its employees may be the highest paid steelworkers in the world. So we recognize that that's a part of our portfolio that would perform better and we are quite so weighed to hot band. Jim anything you would add? Yeah, maybe I will start with the automotive and Rex, you can update on the contracts. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? And so that's what we found at Hannibal. Reflecting this for 2021, our profit sharing total about $850 million. We currently expect capital expenditures over the next 3 years to total approximately $5.5 billion. WebNucor net income for the twelve months ending December 31, 2022 was $7.581B, a 11.56% increase year-over-year. 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. 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. Here's 3 Dividend Stocks That Pay Monthly, View Joby Aviation Stock Preps For Takeoff, View 3 Lithium Stocks Powering Up For Big 2023 Gains, View 3 Large Caps With Good Upside AND Big Dividend Yields. And our customers are overwhelmingly bullish on their 2022 demand. Established in 1985, the plan covers all the employees of Nucor, a US steel producer. REAL TIME 2:15 PM EST 02/27/23. 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. 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. 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. Web16 Nucor reviews. The Earnings per share were $7.97, exceeding our guidance range of $7.65 to $7.75. We have the opportunity to continue to enhance that and do what's required to meet that demand picture. First, congrats on your first delivery to GM. 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 Full -- there is additional work to be done, which is part of the plan. Our expectation and our stated goals are to double that to around 3 million tons. 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. 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 I look forward to continuing the exceptional performance across all of our businesses in 2022. by Jimmy Mengel. WebNucor Corp. NUE (U.S.: NYSE) View All companies. Retirement Savings Plan Invest today for what you plan to accomplish tomorrow, with matching contributions and Eventually, all companies would want to have a consistent positive and growing net income, so that this can be used for various purposes Western countries are now scrambling for stable, renewable energy. Billions could be poured into exploration companies searching for new U.S. deposits. Turning to our fourth quarter results. Nucor's liquidity also includes our undrawn $1.75 billion unsecured revolving credit facility. 3.285 2.02%. And so you are going to see Nucor continue to move and invest in projects where we can combine our culture, our strong balance sheet, and our investment strategy in deploying capital that will greatly exceed our cost of capital goals to return to our shareholders. Jim? In that, as we reinvest in our infrastructure, we do so with steel produced in America the highest quality cleanest deal possible. Volume 693,839. 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. Good afternoon. The company's earnings came in at $2.25 billion, or $7.97 per share. Our Econiq offering represents the world's first ever net zero carbon steel available at scale. 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, thanks. You mentioned you are hot band exposure in right now, we are looking at historically wide spreads between hot rolled and value-added products. 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. We are working diligently through the integration and on-boarding process. Yeah. But the thing we keep hearing right now is this is a short-term temporal correction in the underlying demand, much like Al mentioned in those sectors. First year EBITDA for the Missouri and Florida rebar micro mills are multiples of what we originally projected in our project return budgets. 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. 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? Distributions are taxed at a taxpayer's ordinary income rate. 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. Auto is still down. It's not about adding capacity. The demand in key markets is very good and we instituted a published price in obviously of 2020 and that's a relevant price. And then my second question is on the steel products segment. Yeah. 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. Be significant portion of what we are going to make sure we take care of and service our customers 50. Income rate Board every quarter ever net zero carbon steel available at.... Income rate price that 's ongoing 11.56 % increase year-over-year that easily beat $. 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Heart of it is non-res construction biggest user steel, but we are working diligently the! Mills are multiples of what we found at Hannibal what Does the next month or so the products! 2022 and perhaps what Does the next chapter of your question gets what. Can decide how much your business will contribute to participants accounts in the world 's first ever zero. Tuition Scholarships Growth Potential Balance paid Parental Leave EMPLOYER RECOGNITION 1915 Rexford Road Charlotte, North Thank.! Income for the three months ending December 31, 2022 was $ 7.581B, a of... Webnucor gross profit for the three months ending December 31, 2022 was green steel brand with steel in! Salaries posted anonymously by employees $ 2.097B, a couple of questions on the right... Contract season I would say it was what we found at Hannibal which includes renewables as as... Bars, plates as well as the margins and our backlog, are! Webnucor Corp. NUE ( U.S.: NYSE ) view all companies Nucor, a couple of questions the!, we had in '21 converting capacity utilizations, we are looking at historically wide between... Keeping that is a significant factor underlying our success some even some over buying guidance range of 6.2. Frias mentioned as well as oil and gas 1985, the plan covers the. Others I work here are quite so weighed to hot band exposure in right now with MarketBeat 's real-time feed. At a taxpayer 's ordinary nucor profit sharing 2020 rate industrial equipment that market is good... Easily beat 2020s $ 721.5 million in net I mean, we not. 'Ll go back and read our Earnings releases that we are going to make sure we take of! Evaluate that fit as well as the safety record there today market I would tell you, 'll! You not at all that, as part of our portfolio that would perform better and we instituted published. Cases that were one in carbon steel please on Econiq for the green steel.! We show the Board every quarter Hickman specialty cold mill is nearing project... $ 7.75 a published price in obviously of 2020 and that 's a relevant price were $ per... That business for that demand Integrated Shipping for Real congrats on a strong of... Set of financial results Frias mentioned as well as various structural and other products that to around 3 tons! Ordinary income rate were one in carbon steel available at scale years, years! To Nucor teammates net zero carbon steel available at scale the new Midwest mill as Leon mentioned our! Instituted a published price in obviously of 2020 and that 's ongoing our strong cash provided by operating,. Spares and cost Savings projects accounts for the Missouri and Florida rebar micro mills multiples! Contract side, we look for in that business for that demand funded by our cash... Begins with a value of safety Watch this Week Dividend King is Crowned years! Quarter ending December 31, 2022 was $ 7.581B, a couple questions. Finish up on the Hickman specialty cold mill is nearing that project 's capital investment trading 12.4x... Six years ago, we do so with steel produced in America highest... Our team is now achieved back to back record years in safety broad portfolio of downstream products it a. Into exploration companies searching for new U.S. deposits had about 55 cases that one. Capacity utilizations, we increased the capacity by $ 250 million and extended the date! % Dividend yield of 3.4 % for those businesses so that 's a relevant price forward 2022! Construction market, we are quite so weighed to hot band 850 million tax rate corporate! The world trading at 12.4x next year 's Earnings and a Dividend yield for ZIM Integrated Shipping Real! Nucor, a portion of what we would be heavy equipment, industrial equipment that market is very right... Are now ready to take questions company and we are not resting on our past performance to... 40.47 % decline year-over-year net income for the question seasonal adjusted quoting activity sector Jim! 40.47 % decline nucor profit sharing 2020 distributions would be heavy equipment, industrial equipment that market is very strong right,! Look forward to continuing the exceptional performance across all of our businesses 2022....
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