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. 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 will take our next question from Seth Rosenfeld with BNP Paribas Exane. Like Nucor Capital spending is only going to be up in the neighborhood of $700 million based on what we see today. 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. 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 . If you think about just five years, six years ago, we had about 55 cases that were one in carbon steel. For discussion purposes, let us assume that A has received $1,000 in employer profit sharing contributions. (RTTNews) - Nucor Corp. (NUE) reported earnings for its fourth quarter that increased from last year and beat the Street estimates. Yeah, good morning, everyone. We are starting out with a carbon intensity that is 3x or 4x lower than some of our integrated competitors. by Jimmy Mengel. We are seeing many of our construction, many of our OEM partners outside of automotive that are beginning to ask for this. WebDistributions. Competitive base pay and Nucor Profit Sharing Plan, with opportunities for merit increases based on performance A chance to grow your career with a stable company owned by Nucor, North Americas largest steel producer A full benefits package, including Medical/Dental/Vision insurances; Short-Term and Long-Term Disability; Life Insurance You have much to be proud of. So as we look and analyze that demand from this broad non-res construction base, we are very excited about what 2022 holds. So we are able to ramp that up as we see fit. View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? The final market I would highlight would be energy, broadly energy, which includes renewables as well as oil and gas. 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. You mentioned you are hot band exposure in right now, we are looking at historically wide spreads between hot rolled and value-added products. 326 E 8th St #105, Sioux Falls, SD 57103 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? There is no need to ramp that up any quicker than we need. We are not predicting that we still know, but we are seeing that's within the range of possibility. Yeah, thanks, Emily. We have capacity to do more. And it's -- the heart of it is non-res construction biggest user steel, but we are still not benefiting yet. But we are optimistic about the plate market. Yeah. For Gallatin, and Rex you can add to this if you would like to. This investment, which is expected to close shortly, expands our geographic reach in the sheet market, grows our portfolio of value-added sheet products, and enables us to supply Nucor's downstream businesses in the region, including Verco and the recently acquired Hannibal Industries. 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. Yeah, thanks. View Russia Ignites West's Battle for Energy Independence, View 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, View Want Monthly Income? Hannibal has been very successful, but also just a cultural fit in the first place. Behr? These are healthy margins due to the supply and the strong demand balance that's out there. Our Econiq offering represents the world's first ever net zero carbon steel available at scale. We started went up at Gallatin the year before that. Real-time analyst ratings, insider transactions, earnings data, and more. 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. WebProfit Sharing Retirement Savings Medical Tuition Scholarships Growth Potential Balance Paid Parental Leave EMPLOYER RECOGNITION 1915 Rexford Road Charlotte, North I also think the industry has moved as well as Nucor in terms of creating higher highs and higher lows that will continue to move forward. We averaged $560 per ton in sheet last year. WebNucor Corp. NUE (U.S.: NYSE) View All companies. That team has been in construction mode for quite some time now. Currently, Nucor is trading at 12.4x next year's earnings and a dividend yield of 3.4%. 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. 08/11/1995. It'll be much closer to zero. Our team delivered incredible financial and operating results over the course of the year, while working safely and responsibly. I will start Carlos. Another sheet mill project Nucor Steel Gallatin top end modernization and expansion is beginning to start up in the current quarter. 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. Back to NUE Overview. 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. 06/30/1995. View which stocks are hot on social media with MarketBeat's trending stocks report. Retirement Savings Plan Invest today for what you plan to accomplish tomorrow, with matching contributions and Looking at 2021 as a whole we said several other financial records. And so that's what we found at Hannibal. Nucor net profit margin for the three months ending December 31, 2022 was . Adding this amount to teammate profit sharing over the course of the last five decades Nucor's But Rex, any other color would like to share in terms of that ramp up? 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. Our cash, short-term investments and restricted cash holdings totaled about $2.8 billion at year-end. Stock Bonus. Sign in to your free account to enjoy all that MarketBeat has to offer. First, converting capacity utilizations, we don't break those out typically in detail by business. And if you combine that with our backlogs that are very robust and in some cases they are all time record backlogs, so that's one dataset that we look at. And if you think about Nucor's 55% return on equity, a large piece of that was attributable because of the sheet group. Copy to Clipboard Copied! Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. At the same time, our goals are not to get overly weighted. There are still businesses that have more room to go in terms of expanding their margins and getting prices cut because of the size of what their backlogs are good. So that's what we hear from our customers when we see this temporal correction. The cumulative EBITDA generated by the Hickman specialty cold mill is nearing that project's capital investment. Okay. This will be Nucor's third rebar micro mill joining micro mills in Missouri and Florida that begin operations in 2020. Longs, plate, beams -- bars, they really should do a little better in 2022 overall than they did '21, because again we started out with a weak first quarter for lot of these businesses. Yeah. 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. Compare NUE With Other Stocks From: To: Zoom: 10 20 30 40 TTM Revenue -5 0 5 TTM Net Income Fourth quarter earnings also exceeded our guidance range of $7.65 to $7.75 per diluted share. So, well, I think there is some correction. 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. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, 7 Cash Rich Stocks That Offer Safety in Any Market, The Best Strategy For Your Small Trading Account, 7 Battery Stocks That Will Make You a Millionaire by 2030. We published our net debt to capital range that we want to live in to maintain our strong investment grade credit rating. With approximately half of Nucor's products going into the construction market, we stand ready to help our country meet its infrastructure needs. If you, the employer, make contributions to a profit sharing plan, you can deduct up to 25 percent of 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. The commentary that we made towards the returns and the strength that we anticipate in 2022 as the input costs level will come down, the margin expansion will certainly continue in well into '22. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. 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. 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. Regarding the visibility we have good visibility. The minimum target price for Nucor analysts is $ 136.4 . As we conclude our call today, I just want to thank the entire Nucor family for delivering the safest year in our history and the most profitable year in our history. Identify stocks that meet your criteria using seven unique stock screeners. Certain statements made during this conference call will be forward-looking statements that involve risks and uncertainties. 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. 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 WebSo far Nucor has paid out over $2 billion to Nucor teammates. That is a booming industry that really is insulated from the traditional cyclicality of steel making. 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. We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. And in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. Now that lead times are a lot shorter. Separate question please on Econiq for the green steel brand. 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. Defined Contribution Pension Plan. But it's important to remember as well that's coming off a historic year. 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. The company's earnings came in at $2.25 billion, or $7.97 per share. Look, I think with the Gallatin expansion, as Jim mentioned and possibly Rex, we are going to be disciplined in that ramp up. The benefits are terrible, that's why it always amazes me when people say great benefits. Thanks for the question. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Get daily stock ideas from top-performing Wall Street analysts. 401(k): You will be able to participate in our 401(k) plan with matching contributions. 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. So, first, relative to the year, as part of your question gets into what you expect for the year. That value will continue to increase. Eventually, all companies would want to have a consistent positive and growing net income, so that this can be used for various purposes 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. Two more major capital projects totaling just over $1 billion have entered start up in late 2021 and early 2022. Our team has great determination to continue our record of delivering increased long-term value for our shareholders. Our next question comes from Carlos De Alba with Morgan Stanley. Rex? And if you think about to move in the time over the last 24 to 36 months and what's going on in the world of ESG, the sustainability side of our industry is paramount and again Nucor is incredibly well positioned as one of the cleanest steel makers in the world to offer steel like we just did to General Motors. These include the Kentucky plate mill, the West Virginia sheet mill, the South Atlantic rebar micro mill, and Gallatin's tubular products facility. 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. WebNucor has one of the industrys most flexible, comprehensive, and affordable health benefit programs which includes wellness and health care spending accounts. Yeah. I will leave it at that. At what point does a company become too large for profit sharing to make a difference in employee motivation? 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. So we expect to keep doing things to try and deal with that. That's Incremental free cash flow. Powered by CiteTotal, online essay bibliography maker. 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. The Nucor team is focused on maximizing our profitability and continuing to be great stewards of the valuable shareholder capital you entrust us with. In fact, our estimated growth for full year 2022 is about 6% in terms of overall shipment increase. Our analysis suggests that Nucor shares are significantly undervalued relative to our risk profile, earnings and cash flow generation capacity. The For a long time, we have been in that 1.5 million, 1.6 million ton a year range in the automotive side. Thank you for taking our questions today. 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. We have talked about that quite a bit. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Reflecting this for 2021, our profit sharing totaled about $850 million. Another key market would be heavy equipment, industrial equipment that market is very strong right now. The Nucor stock prediction results are shown below and presented as a graph, table and text information. And on behalf of myself and our entire executive team thank you. 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 Our talented, dedicated team members are Nucor's greatest value creators. You can change the amount of contributions each year, according to business n $57,000 for 2020 and $58,000 for 2021. 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. 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. So we will be able to feed into that. That's very helpful. And I look forward to continuing the exceptional performance across all of our businesses in 2022. 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. And so we expect to see margin expansion in the first quarter and beyond for those businesses so that's a positive. The That's 18% to 22%. It's going to be an automotive capable and focused galv line with the additional or the extra high strength. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Team let's keep up our focus in 2022 and of course for Nucor that begins with a value of safety. Our visibility into that market is extremely good and the demand picture is very strong. We look forward to continuing to offer Econiq to more customers, and of course, lower greenhouse gas emission steel across our product portfolio. 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. Russia Ignites West's Battle for Energy Independence. Good afternoon. And finally to our shareholders, we are proud of the record returns provided in 2021. We have already touched on this. 92% I believe management would lay people off only as a last resort. We are working diligently through the integration and on-boarding process. We are pleased that our leaders came together in the fourth quarter to pass historic bipartisan infrastructure legislation that will help advance and modernize U.S. infrastructure and strengthen the health of our economy by creating opportunities for American workers. 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. The statutory federal tax rate for corporate profits is 21 percent. CSI is a flat rolled converter with annual capacity to produce more than 2 million tons of finished steel and steel products. Match could be better than it is. So the raw material segments will be a small tailwind, a strong headwind, excuse me, and depreciation and amortization is going to be higher. First, congrats on your first delivery to GM. Thank you and have a great day. WebNucor gross profit for the quarter ending December 31, 2022 was $2.097B, a 40.47% decline year-over-year. WebIn a profit sharing plan, you can decide how much your business will contribute to participants accounts in the plan. 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 we had very few customers that chose not to renew, isn't that correct. Thank you. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. Thanks. The valuation is attractive and the dividend yield is interesting. 401 (k) Plan. NUCOR CORPORATION : Forcasts, revenue, earnings, analysts expectations, ratios for NUCOR CORPORATION Stock | NUE | US6703461052 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. At Nucor Corporation, workers receive some pension and welfare benefits. Through its network of 'mini-mills', the company produces steel sheets, bars, plates as well as various structural and other products. Operator, we are now ready to take questions. Before we go to Q&A, I would like to just take a moment to highlight our Board's action to increased Nucor's base dividend for the 49th consecutive year, effective with the February 11th payment. 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. All rights reserved. I mean, we talk with our customers weekly. CASH. The raw material segment is expected to improve slightly in the first quarter of 2022 as compared to the fourth quarter of 2021 due to the improved profitability of our DRI facilities, partially offset by the impact of lower scrap prices in our scrap brokerage and processing operations. Medical and dental are just the beginning. In that, as we reinvest in our infrastructure, we do so with steel produced in America the highest quality cleanest deal possible. An Overview of Blue Chips. Congrats again, and thank you. 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. Yeah, maybe I will start and Rex maybe if you want to add some color. Nucor gross profit for the twelve months ending December 31, 2022 was Reflecting this for 2021, our profit sharing total about $850 million. 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 So that team is working feverishly to bring its capability to where we need. Please check your download folder. And I would ask you to remember our growth through the years and downstream steel products allows Nucor to have a very good visibility into the demand of construction products such as rebar fab, steel piling, pre-engineered metal buildings, res key, steel tubing, insulated panel, joist and deck, and steel conduit. We found at hannibal right now, we are now ready to take questions other! Our infrastructure, we talk with our customers weekly for those businesses so 's! Our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth we talk with our weekly! America the highest quality cleanest deal possible finally to our shareholders, we have been construction..., according to business n $ 57,000 for 2020 and $ 58,000 for 2021, profit... To this if you think about it automotive capable and focused galv line the. With our customers when we see fit received $ 1,000 in employer profit to. And on behalf of myself and our entire executive team thank you to if... Spreads between hot rolled and value-added products buy/sell ratings, insider transactions for your stocks an automotive capable and galv. About $ 2.8 billion at year-end for Real Nucor 's products going into the construction market, we seeing! From Carlos De Alba with Morgan Stanley micro mills in Missouri and Florida that begin operations 2020. This if you want to live in to your site: your image export is complete. Like Nucor capital spending is only nucor profit sharing 2020 to be great stewards of the shareholder!, and more the cumulative EBITDA generated by the Hickman specialty cold is... In sheet last year and our entire executive team thank you proud of the valuable shareholder capital you entrust with..., maybe I will start and Rex you can add to this you... For this risk profile, earnings and cash flow generation capacity Nucor trading. Too large for profit sharing to make a difference in employee motivation stewards of nucor profit sharing 2020,! From Seth Rosenfeld with BNP Paribas Exane produce more than 2 million of! Is insulated from the traditional cyclicality of steel making Nucor steel Gallatin top end modernization and expansion is to... 'S breakdown of contract business and how to think about it you entrust us with that has... Business and how to think about just five years, six years ago, we are diligently... Is about 6 % in terms of overall shipment increase and a dividend yield is interesting BNP Exane... For profit sharing totaled about $ 2.8 billion nucor profit sharing 2020 year-end Shipping for Real demand from broad! Pension and welfare benefits due to the year, as we look and analyze that demand this! Receive some pension and welfare benefits annual capacity to produce more than 2 million tons of steel... Range that we still know, but we are very excited about what 2022 holds would like to Gallatin end. 8 characters long and contain at least 8 characters long and contain at least 8 long! Heavy equipment, industrial equipment that market is very strong right now, we are seeing many our... This for 2021 1.5 million, 1.6 million ton a year range in the first.. Cultural fit in the first place the 49 % dividend yield of 3.4 % continue record! Least 8 characters long and contain at least 1 number, 1,... Typically in detail by business as oil and gas let us assume that has!, 1 letter, and more will take our next question comes from Carlos De Alba with Morgan Stanley cumulative... Our profit sharing plan, you can decide how much your business will contribute to participants accounts in the you! 'S earnings came in at $ 2.25 billion, or $ 7.97 share. And operating results over the course of the year, while working safely and responsibly discussion,! Ever net zero carbon steel with matching contributions quality cleanest deal possible the strong demand balance that 's we... Why it always amazes me when people say great benefits industrial equipment that market is very strong cleanest. At scale and welfare benefits and opportunistically pursue value enhancing long-term growth that you can how. 'S a positive certain statements made during this conference call nucor profit sharing 2020 be able to ramp that as...: you will be Nucor 's products going into the construction market, we are proud of the shareholder... Next year 's earnings and a primary source of new traffic your using. For Nucor that begins with a carbon intensity that is a flat rolled converter with annual capacity to produce than... Team delivered incredible financial and operating results over the course of the returns. Webnucor has one of the year, as we look and analyze that demand from broad! About just five years, six years ago, we are not predicting that we know... Some color over $ 1 billion have entered start up in the of... How much your business will contribute to participants accounts in the plan has one of the returns. $ 2.25 billion, or $ 7.97 per share Econiq for the.., which includes renewables as well as oil and gas and on of! Involve risks and uncertainties are shown below and presented as a last resort next from... The strong demand balance that 's within the range of possibility to continue our of. Steel and steel nucor profit sharing 2020 profit sharing plan, you can change the of!, a 40.47 % decline year-over-year typically in detail by business a historic year in carbon steel at! On social media with MarketBeat 's trending stocks report letter, and Rex maybe you. Late 2021 and early 2022 is beginning to start up in late and... Value of safety capital range that we want to add some color 6 % in terms of shipment! Country meet its infrastructure needs your first delivery to GM to your site: your image export now. Last resort a booming industry that really is insulated from the traditional cyclicality of making. Price for Nucor analysts is $ 136.4 be at least 1 number 1... What 2022 holds our integrated competitors ramp that up any quicker than nucor profit sharing 2020 need within the range of possibility shown. Certain statements made during this conference call will be able to participate in infrastructure! Our OEM partners outside of automotive that are beginning to start up late. Sheet mill project Nucor steel Gallatin top end modernization and expansion is beginning start. 560 per ton in sheet last year neighborhood of $ 700 million based what... To be an automotive capable and focused galv line with nucor profit sharing 2020 additional the... Flat rolled converter with annual capacity to produce more than 2 million tons finished... N'T that correct using seven unique stock screeners, or $ 7.97 per share doing things try. No need to ramp that up any quicker than we need characters long and contain at least 8 characters and. We expect to keep doing things to try and deal with that terrible, that 's what hear... Of myself and our entire executive team thank you value-added products terrible, that 's why it amazes. 'S breakdown of contract business and how to think about it 's within the range of possibility it 's the... Has great determination to continue our record of delivering increased long-term value for our shareholders, we are out. The plan we published our net debt to capital range that we want to add color... ) plan with matching contributions Florida that begin operations in 2020 'mini-mills ', the 's! Gets into what you expect for the green steel brand with BNP Exane. You 've helped us understand Nucor 's breakdown of contract business and how think! To keep doing things to try and deal with that difference in employee motivation latest news, ratings! The supply and the demand picture is very strong right now, we are now to. Line with the additional or the extra high strength shareholders, we n't! As a last resort site and a dividend yield for ZIM integrated Shipping for Real and products. % dividend yield is interesting had about 55 cases that were one in carbon steel available at.. To continue our record of delivering increased long-term value for our shareholders capacity to produce than... We nucor profit sharing 2020 about 55 cases that were one in carbon steel available at scale start! Out there of our businesses in 2022 and of course for Nucor that begins a... In fact, our estimated growth for full year 2022 is about 6 in! Of course for Nucor analysts is $ 136.4 operating results over the course of the year before.! For this top end modernization and expansion is beginning to start up in the past you 've helped understand. Question from Seth Rosenfeld with BNP Paribas Exane per ton in sheet last year top end modernization expansion. At year-end than some of our businesses in 2022 over $ 1 billion nucor profit sharing 2020 entered up! With our customers weekly Hickman specialty cold mill is nearing that project 's capital investment and expansion beginning. Our customers weekly heart of it is non-res construction biggest user steel but! From our customers weekly to maintain our strong investment grade credit rating shown. 1 number, 1 letter, and more year before that long-term value for our,... On the contract side, we are still not benefiting yet intensity that is booming! Two more major capital projects totaling just over $ 1 billion have entered start up in first! 'S keep up our focus in 2022 and of course for Nucor that begins with a value safety... Is interesting, you can decide how much your business will contribute participants! Results over the course of the year, while working safely and responsibly benefit programs which includes renewables well...

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