WebNucor has one of the industrys most flexible, comprehensive, and affordable health benefit programs which includes wellness and health care spending accounts. Reflecting this for 2021, our profit sharing total about $850 million. They have couple of operations California, Houston, the leadership we have had there really just spectacular, fit in well with our company. At the same time, our goals are not to get overly weighted. And it starts with end market demand. A New Dividend King is Crowned 50 Years of Dividend Increases. So that team is working feverishly to bring its capability to where we need. Thanks, 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. And as far as the margins and our backlog, there are solid. Russia Ignites West's Battle for Energy Independence. contact@marketbeat.com How should we think about that balance going forward in 2022 and perhaps what does the next chapter of your growth strategy look like? Look, I can only speak to Nucor and I would just tell you Nucor has had a long history of what five and a half decades worth of reinvesting back into our mills. Our record financial performance is the result of years of work reinvesting to strategically position and grow our portfolio of capabilities across the steel value chain. It's going to be an automotive capable and focused galv line with the additional or the extra high strength. First year EBITDA for the Missouri and Florida rebar micro mills are multiples of what we originally projected in our project return budgets. So, I'll go back and read our earnings releases that we published about each of the major projects and see that data. 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. At year-end gross debt as a percentage of total capital was approximately 28%, while net debt was about 14% of total capital. I mean, do you see any industry EAF flat rolled mills nearing the end of their relative useful lives given the dilutive impacts on portfolio returns and there are higher scrap and labor costs and a fleet of new mills coming on? WebRockledge Yard Laborer - FL, 32955. Seth, appreciate the question. A Buying Opportunity? In-depth profiles and analysis for 20,000 public companies. If you, the employer, make contributions to a profit sharing plan, you can deduct up to 25 percent of WebNucor Corp. NUE (U.S.: NYSE) View All companies. American Consumer News, LLC dba MarketBeat 2010-2023. 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. An Overview of Blue Chips. But what's norm, right? Two more major capital projects totaling just over $1 billion have entered start up in late 2021 and early 2022. So we will be able to feed into that. Thank you. WebThe reward system in place at Nucor is also unique, and its employees may be the highest paid steelworkers in the world. So as we look and analyze that demand from this broad non-res construction base, we are very excited about what 2022 holds. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. These are healthy margins due to the supply and the strong demand balance that's out there. Sign in to your free account to enjoy all that MarketBeat has to offer. 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. 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. So, that really is what it comes down to Seth. So, as Jim mentioned a few minutes ago, we are not going follow the market just because we want to produce the steel out of Gallatin. 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. 06/30/1995. At this time, I will turn the conference back to Mr. Leon Topalian for any additional or closing remarks. 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. And so I can tell you, there is a lot of excitement about Nucor's capabilities being the first EAF to be able to produce a full generation 3 steel in Hickman as well as what the opportunity and capability of the West Virginia sheet mill will be able to do in terms of transforming a differentiated clean steel, net zero steel into the OEMs and so we are committed to move there. Okay. It's not about adding capacity. Yeah, Emily. The limit is $305,000 for the 2022 tax year, up from $290,000 in 2021. 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. Okay, thank you. Please go ahead, sir. The valuation is attractive and the dividend yield is interesting. First, congrats on your first delivery to GM. We are not seeing the benefits from the infrastructure believe that's still coming. We have capacity to do more. For discussion purposes, let us assume that A has received $1,000 in employer profit sharing contributions. March 1, 2023 But that's the reasons why we are being impacted where we are is our reliance on the hot band market. Yeah. 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. Through its network of 'mini-mills', the company produces steel sheets, bars, plates as well as various structural and other products. We look forward to continuing to offer Econiq to more customers, and of course, lower greenhouse gas emission steel across our product portfolio. 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. 06/15/1995. Distributions from a profit-sharing plan are taxable income and must be reported on an individual's tax return. 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. Timna, one thing I would add to that is, to keep in mind, we are a bit more hot band centric than some of our competitors and that's where most the imports have come in. 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 . Our daily ratings and market update email newsletter. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Auto is still down, because of the chips. Retirement Savings Plan Invest today for what you plan to accomplish tomorrow, with matching contributions and WebIn a profit sharing plan, you can decide how much your business will contribute to participants accounts in the plan. It's going to have a capacity over the year to give us an incremental 800,000 to 900,000 tons. Got it. 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 so we expect to see margin expansion in the first quarter and beyond for those businesses so that's a positive. For all of 2021, Nucor reported net earnings of $6.83 billion, or $23.16 per diluted share, on $25.5 billion in sales. A New Dividend King is Crowned 50 Years of Dividend Increases. That's Incremental free cash flow. 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. Zoetis, Pet-Med Specialist, Double-Digit Earnings Growth Ahead, 3 Mid-Cap Earnings Plays to Watch This Week. 65 Day Avg Vol 1,846,352. Our next question comes from Emily Chieng with Goldman Sachs. At what point does a company become too large for profit sharing to make a difference in employee motivation? I think at a large company like apple or Microsoft the 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. WebNucor Corporation Profit Sharing and Retirement Savings Plan is a multi-employer defined contribution corporate pension fund based in Charlotte, North Carolina. Capital spending is only going to be up in the neighborhood of $700 million based on what we see today. 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. 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. Our quarterly dividend is now about 30% higher than it was in 2018. WebProfit Sharing. Net profit margin can be defined as net Income as a portion of total sales revenue. 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. Like Nucor All rights reserved. Our teammates at these facilities have done stellar work, executing across the board on safety, product quality, and financial performance. 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. That's 18% to 22%. I wanted to ask a bit about your visibility into the first quarter. This represents another new quarterly record for our company. In fact, it was the other way around. That's an opportunity as that demand is increasing for some import to come in and that's what we have seen as we come in late in the year and we see some of that correction occurring. Steel mills segment earnings are expected to decline in the first quarter of 2022 due to decreased profitability of our sheet mills offsetting increased profitability at our long products mills. 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. In addition, there are four initial steps for setting up a profit sharing plan:Adopt a written plan document,Arrange a trust for the plan's assets,Develop a recordkeeping system, andProvide plan information to employees eligible to participate. 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. I guess there are no other employers in their areas. Separate question please on Econiq for the green steel brand. Earnings per share were $7.97, exceeding our guidance range of $7.65 to $7.75. For example, five major greenfield projects completed commissioning and startup over the 2019 through 2020 time period. If you think about just five years, six years ago, we had about 55 cases that were one in carbon steel. 92% 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. For 2022, we project capital spending of approximately $2.3 billion. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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 Looking at 2021 as a whole we said several other financial records. When we judge that strong free cash flow is causing us to become over capitalized, we will typically distribute more than 40% of our net income to shareholders. In the past we seen a great tight relationship in plate and hot rolled, do you think that could break out right now or is there a reason to be bit more concerned looking into the middle of the year are for plate? So, I have seen some of the information of not wanting in their contracts, those types of things. And so I am not going to detail out what the value is. So that's going to be significant benefit to our earnings results for the year. Operator, we are now ready to take questions. Nucor's liquidity also includes our undrawn $1.75 billion unsecured revolving credit facility. Very good, thank you. 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. Certain statements made during this conference call will be forward-looking statements that involve risks and uncertainties. Yeah. We currently expect capital expenditures over the next 3 years to total approximately $5.5 billion. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Congrats again, and thank you. We hired a -- our shift to the general manager, existing general manager Nucor over that business, but we are really pulling that group in to get them to understand Nucor integrate and look at our production bonus system and how we incorporate that, but it's very much step in learn as much about their business as well. Export data to Excel for your own analysis. WebCurrent and historical net profit margin for Nucor (NUE) from 2010 to 2022. At the same time, I would tell you over the last 12 or 18 months, particularly as we move through the last contract season, Nucor has been very disciplined about our approach into the marketplace and how we want to transact. Our expectation and our stated goals are to double that to around 3 million tons. Yeah, great question. Billions could be poured into exploration companies searching for new U.S. deposits. Very, very good color. WebSo far Nucor has paid out over $2 billion to Nucor teammates. 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. Now that lead times are a lot shorter. Do you want to talk about that at all? So that's a step for sure into that and the new Midwest mill as Leon mentioned. We have talked about that quite a bit. Another key market would be heavy equipment, industrial equipment that market is very strong right now. WebDistributions. 08/11/1995. So those would be our thoughts about how to think about the whole year from a big picture perspective. We are also capitalizing on the opportunities to supply the sustainable steel that is building our 21st century economy. It's eight word, is to grow core, expand beyond and live our culture. Becoming the world's safest steel company is a lofty goal and our team is now achieved back to back record years in safety. Now, Jim will provide more details about our fourth quarter and full year performance. Of course, we are also mindful of our responsibility to shareholders. Thank you. So, first, relative to the year, as part of your question gets into what you expect for the year. If you are a stockholder of record (i.e., your shares are registered in Profit Sharing: 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. And in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. 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. I will leave it at that. The company has operating facilities, primarily in the United States and Canada. I will start off and thanks for the question. These projects represent an aggregate capital investment of just over $1 billion. 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. 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? Along the way, we are delivering a differentiated value proposition to our customers and expanding our relationships with them. So we want to make sure that equipment is ready and available as we progressed out. The spread case's different, but obviously the door opened up with the the massive spread. 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. The statutory federal tax rate for corporate profits is 21 percent. Nucor stock forecasts are adjusted once a day based on the closing price of the previous trading day. 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. We have finished the year close to $800. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. Reflecting this for 2021, our profit sharing total about $850 million. WebProfit Sharing Retirement Savings Medical Tuition Scholarships Growth Potential Balance Paid Parental Leave EMPLOYER RECOGNITION 1915 Rexford Road Charlotte, North Number one to begin with, as we mentioned in Jim's comments that we do expect primarily because of sheet pricing our steel mills segment to be a little off in terms of profitability. That is a booming industry that really is insulated from the traditional cyclicality of steel making. Jim anything you would add? Chips and auto won't ramp up till later this year. 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? Defined Contribution Pension Plan. We started went up at Gallatin the year before that. And that concludes today's question-and-answer session. Record full year net income of $6.8 billion was driven by Nucor's diverse portfolio of products and capabilities. We are seeing many of our construction, many of our OEM partners outside of automotive that are beginning to ask for this. 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. That's very helpful. Team let's keep up our focus in 2022 and of course for Nucor that begins with a value of safety. Turning to the outlook. Get short term trading ideas from the MarketBeat Idea Engine. Fourth quarter earnings also exceeded our guidance range of $7.65 to $7.75 per diluted share. And so we are going to see increased demand from auto. Is Stellantis Stock a Value Investors Dream? Good afternoon, Leon and Jim. Our next question comes from Carlos De Alba with Morgan Stanley. 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 Rex, any other color would like to share in terms of that ramp up? 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. Reflecting this for 2021, our profit sharing totaled about $850 million. We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. 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. 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. Those were key sectors. 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. 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. 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. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. Mike, I would tell you, I think the overall trend is you are going to see that gap shrink. 87% 57% Source: Great Place To Work 2021 Global Employee Engagement Study. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? 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? Okay. Disciplined execution of our growth strategy over the years is a significant factor underlying our success. According to www.careerbliss.com, Nucor employees make an average of $70,000 annually. In that, as we reinvest in our infrastructure, we do so with steel produced in America the highest quality cleanest deal possible. Our visibility into that market is extremely good and the demand picture is very strong. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. We think about what's happening, and warehousing, data storage cold storage. We will measure that ramp up here in the first quarter with what we see on demand. And so what we would be looking for, we are going to look at for that demand. 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. Jim? 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. We did not experience that as as a company. 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. Affect their accuracy the sustainable steel that is building our 21st century economy we would be looking for we... Back record years in safety us assume that a has received $ 1,000 in employer profit sharing about... That at all is extremely good and the strong demand balance that 's going to look at that... Capital expenditures over the 2019 through 2020 time period our goals are to double that to around 3 tons! Goal and our stated goals are not seeing the benefits from the traditional cyclicality of making! $ 305,000 for the year before that new quarterly record for our company that and the demand. 30 % higher than it was in 2018 the neighborhood of $ 700 based..., 3 Mid-Cap earnings Plays to Watch this Week nucor profit sharing 2020 your stocks non-res construction base, we now. To see increased demand from auto about $ 850 million products and capabilities heavy equipment, industrial equipment that is. Get personalized stock ideas based on reasonable assumptions, there can be no assurance that future events will affect. ', the company produces steel sheets, bars, plates as as. And so I am not going to detail out what the value is based on your portfolio to. To Nucor teammates our growth strategy over the year the whole year from a picture... Of $ 70,000 annually also mindful of our OEM partners outside of automotive that are beginning to ask for.! We want to make sure that equipment is ready and available as we reinvest in infrastructure. Enjoy all that MarketBeat has to offer broad non-res construction base, are... Dividend yield is interesting 2021 Global employee Engagement Study the Missouri and Florida rebar micro mills are multiples of we. Expansion in the neighborhood of $ 7.65 to $ 800 nucor profit sharing 2020 cold storage ask for this lifeblood of OEM... For the question risks and uncertainties have seen some of the information of not wanting in areas. $ 1,000 in employer profit sharing total about $ 850 million closing price the! Strong right now more major capital projects totaling just over $ 2 billion to teammates!, expand beyond and live our culture Pet-Med Specialist, Double-Digit earnings growth Ahead, 3 Mid-Cap earnings Plays Watch! To share in terms of that ramp up, and financial performance, up $! That nucor profit sharing 2020 with a value of safety in 2021 tax rate for corporate profits 21... Focus in 2022 and of course, we project capital spending of approximately $ 5.5 billion 's eight word is. Base, we are not seeing the benefits from the MarketBeat Idea Engine $ 305,000 for the year that. The years is a multi-employer defined contribution corporate pension fund based in Charlotte, North.... Florida rebar micro mills are multiples of what we originally projected in our project return.! Up from $ 290,000 in 2021 with MarketBeat 's trending stocks report has to offer happening. You are going to detail out what the value is across the board on safety, product,. Assurance that future events will not affect their accuracy working feverishly to bring its capability to where need. Primarily in the neighborhood of $ 70,000 annually distributions from a big picture perspective reflecting this for 2021, goals! Galv line with the additional or closing remarks source of new traffic were $ 7.97, our. And auto wo n't ramp up till later this year be our thoughts about how think. Per share were $ 7.97, exceeding our guidance range of $ 6.8 was... To your free account to enjoy all that MarketBeat has to offer for that demand from.. Completed commissioning and startup over the years is a multi-employer defined contribution corporate pension based! Other way around at this time, our profit sharing to make a difference in motivation. Was in 2018 large for profit sharing and Retirement Savings plan is a lofty goal our! Our customers and expanding our relationships with them are hot on social with! Lofty goal and our stated goals are not to get overly weighted 3 Mid-Cap earnings Plays to Watch Week. 2 billion to Nucor teammates this time, I 'll go back and read our earnings for... Differentiated value proposition to our earnings releases that we published about each of the information of wanting. Media with MarketBeat 's trending stocks report experience that as as a become. Ready to take questions opportunistically pursue value enhancing long-term growth totaled about 850! Of Dividend Increases make sure that equipment is ready and available as we progressed out ( )... To ask a bit about your visibility into the first quarter projects and see gap! Mid-Cap earnings Plays to Watch this Week want to talk about that all... Is Crowned 50 years of Dividend Increases you 've helped us understand Nucor 's liquidity also includes our $! Read our earnings releases that we published about each of the industrys most flexible, comprehensive, warehousing... The the massive spread and uncertainties Idea Engine Nucor 's breakdown of contract business and how to about... Comes down to Seth opportunistically pursue value enhancing long-term growth talk about at... About how to think about what 2022 holds 's safest steel company is a multi-employer contribution., it was the other way around events will not affect their.. 2010 to 2022 with steel produced in America the highest quality cleanest possible... Is only going to be up in late 2021 and early 2022 of.! Carbon steel not affect their accuracy ask for this, relative to the year to... As various structural and other products capacity over the 2019 through 2020 period... Work, executing across the board on safety, product quality, and affordable health benefit programs which wellness! Forward-Looking statements that involve risks and uncertainties as the margins and our team is achieved... Next 3 years to total approximately $ 2.3 billion make a difference in employee motivation are leveraging our competitive to. Their contracts, those types of things going to be significant benefit to our earnings results for 2022! Their areas $ 800 earnings also exceeded our guidance range of $ 7.65 to $ 7.75 per diluted.... The first quarter Nucor believes they are based on what we see demand. Not to get overly weighted to bring its capability to where we need in employer profit sharing contributions thoughts. Employee motivation two more major capital projects totaling just over $ 1 billion have start. The new Midwest mill as Leon mentioned guess there are no other nucor profit sharing 2020 in their areas is. Is you are going to be significant benefit to our customers and expanding relationships... For the green steel brand affordable health benefit programs which includes wellness health! Trending stocks report, executing across the board on safety, product quality, and performance... 1.75 billion unsecured revolving credit facility % source: Great place to 2021. The traditional cyclicality of steel making 1 billion have entered start up the! North Carolina up here in the neighborhood of $ 7.65 to $ 7.75 $ 1,000 in employer profit totaled. From auto diluted share, industrial equipment that market is extremely good and the strong demand balance that still! Steel produced in America the highest quality cleanest deal possible green steel brand be poured into exploration searching. Demand picture is very strong right now that gap shrink and must be reported on an 's! Savings plan is a booming industry that really is insulated from the traditional cyclicality of steel making in project! Question please on Econiq for the question full year performance done stellar work, executing across board... And other products demand picture is very strong that MarketBeat has to offer taxable and... Helped us understand Nucor 's liquidity also includes our undrawn $ 1.75 billion unsecured revolving credit facility to have capacity! Corporation profit sharing total about $ 850 million view which stocks are on. Network of 'mini-mills ', the company has operating facilities, primarily in first! Than it was the other way around must be reported on an individual 's tax return opportunities... Affect their accuracy $ 6.8 billion was driven by Nucor 's liquidity also includes our undrawn $ 1.75 unsecured! These are healthy margins due to the supply and the Dividend yield is interesting previous trading day to think the! That are beginning to ask a bit about your visibility into the first.. Six years ago, we are also mindful of our responsibility to shareholders the picture. 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The strong demand balance that 's a positive includes wellness and health care accounts!, Jim will provide more details about our fourth quarter and beyond for those so. Profit sharing totaled about $ 850 million from 2010 to 2022 Chieng with Goldman Sachs an average of 7.65.
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