Web A full benefits package, including Medical/Dental/Vision insurances; Long-Term Disability; Life Insurance; Vacation Days; 10 Paid Holidays; Personal and Safety Award Days; 401k with a match; Nucor Profit Sharing Program; Nucor stock purchase program; Adoption Assistance; Tuition Reimbursement for teammates and spouses, and a College Tuition Yeah. It's eight word, is to grow core, expand beyond and live our culture. Hey, a couple of questions on the market. And -- but we do use an intrinsic value model that we show the Board every quarter. You are going to see Nucor continue to grow our capability. We have capacity to do more. We have talked about that quite a bit. So integration to us, we look at that leadership and entered an existing company and we evaluate that fit as well. Cumulative EBITDA already exceeds the investment outlays for the Gallatin galvanizing line and the Ohio rebar mill modernization. The green economy is being built on steel and the steel is built on matters. This represents another new quarterly record for our company. 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. For 2022, we project capital spending of approximately $2.3 billion. First year EBITDA for the Missouri and Florida rebar micro mills are multiples of what we originally projected in our project return budgets. So we recognize that that's a part of our portfolio that would perform better and we are quite so weighed to hot band. Over the years, the company has grown through acquisitions as well as by tapping new markets and expanding geographically. Yes, thank you, Leon. 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. 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. Form 4 or Form 5 obligations may continue. That team has been in construction mode for quite some time now. Back to NUE Overview. So the raw material segments will be a small tailwind, a strong headwind, excuse me, and depreciation and amortization is going to be higher. So that will be a small headwind. Certain statements made during this conference call will be forward-looking statements that involve risks and uncertainties. So as we look and analyze that demand from this broad non-res construction base, we are very excited about what 2022 holds. The minimum target price for Nucor analysts is $ 136.4 . 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. 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. 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. Our visibility into that market is extremely good and the demand picture is very strong. 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. We have much to look forward to as we progressed throughout this new year. 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. And again just why IMP. We are very, very excited. 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 Thanks. Yeah, maybe I will start with the automotive and Rex, you can update on the contracts. Yeah, hi, good afternoon. View which stocks are hot on social media with MarketBeat's trending stocks report. According to www.careerbliss.com, Nucor employees make an average of $70,000 annually. We averaged $560 per ton in sheet last year. 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. 5 Do you want to talk about that at all? 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. We look forward to continuing to offer Econiq to more customers, and of course, lower greenhouse gas emission steel across our product portfolio. Okay. 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? 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. When you say value added products, what are you referring to? For the full year 2021, Nucor reported consolidated net earnings of $6.83 billion, or $23.16 per diluted share, compared with consolidated net earnings of $721.5 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. Yeah, good morning, everyone. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Thank you. By so many measures 2021 was an extraordinary year for Nucor. We have finished the year close to $800. Profit Sharing: 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. 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. But if I think back to, even in the height of the pandemic in 2020 that business segment remain incredibly robust that is continued and we see that continuing moving forward. Powered by CiteTotal, online essay bibliography maker. Yeah, Emily. I think at a large company like apple or Microsoft the We are also expanding our presence in the Western U.S. The Nucor stock prediction results are shown below and presented as a graph, table and text information. I will start Carlos. For a long time, we have been in that 1.5 million, 1.6 million ton a year range in the automotive side. Nucor net profit margin for the three months ending December 31, 2022 was . 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. And then my second question is on the steel products segment. Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. Good afternoon, Leon and Jim. 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. The valuation is attractive and the dividend yield is interesting. Our team delivered incredible financial and operating results over the course of the year, while working safely and responsibly. Volume 693,839. And so what we would be looking for, we are going to look at for that demand. We have noted in my comments that we are going to be doing some strong share repurchases in the first quarter. Like Nucor So, I have seen some of the information of not wanting in their contracts, those types of things. Before getting too deep into this, Nucor deserves some credit for its recent financial results. We currently expect capital expenditures over the next 3 years to total approximately $5.5 billion. We have got two virtual power purchase agreements today that because of our balance sheet allow us to be able to do those things. In fact, our estimated growth for full year 2022 is about 6% in terms of overall shipment increase. Satish l will start us off and maybe Jim or Rex Query, EVP of our Sheet Group can touch on the Gallatin expansion. For the full year of 2021, they generated EBITDA totaling $674 million. And we look forward to update. Please check your download folder. Some profit-sharing plans allow employees to make after-tax contributions. 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. Thank you. 21 June. Fourth quarter earnings also exceeded our guidance range of $7.65 to $7.75 per diluted share. Behr? The steelmaker says its record earnings per diluted share of $7.42 is 24 percent higher than previous record earnings of $5.98 per diluted share reported in 2008.. And before I leave this topic, I just want to note that we believe we are seeing an acceleration of a transformation in our industry that has been underway for decades, forces driving economic efficiency and lower emissions in steel making. If you think about just five years, six years ago, we had about 55 cases that were one in carbon steel. 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