nucor profit sharing 2020
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. 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. And if you think about Nucor's 55% return on equity, a large piece of that was attributable because of the sheet group. Hope all of you are doing well. The green economy is being built on steel and the steel is built on matters. Rex? Yeah, maybe I will start with the automotive and Rex, you can update on the contracts. Western countries are now scrambling for stable, renewable energy. This represents another new quarterly record for our company. Growth projects for improved product capabilities and expansion represent about 75% of our expected capital spending for this year. Along the way, we are delivering a differentiated value proposition to our customers and expanding our relationships with them. Do you expect that spread to contract back to where it has been historically or do you think there is something special going on to keep those spreads wider than we have seen historically? 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. Yes, thank you, Leon. Reflecting this for 2021, our profit sharing total about $850 million. Turning to our fourth quarter results. You can only withdraw profit-sharing money under certain circumstances. You will receive a distribution if your employer ends the plan without creating a replacement. You can take your money once you reach age 59 1/2 or if you suffer a qualified financial hardship. 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. Ten cents of every dollar earned prior to payment of tax is secured for this purpose. WebNucor Corp. NUE (U.S.: NYSE) View All companies. 06/28/1995. Billions could be poured into exploration companies searching for new U.S. deposits. 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. That's Incremental free cash flow. We have the opportunity to continue to enhance that and do what's required to meet that demand picture. View which stocks are hot on social media with MarketBeat's trending stocks report. Rex? We are not looking to move to 20% or 25% of our overall mix in automotive, but to be in that 10% to 12% range I think is probably about the right number today. And before I turn the call over to Jim, I would like to congratulate the entire Nucor team on reaching new heights to achieve our safest and most profitable year in company's history. We have talked about that quite a bit. 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. Thank you for your interest in Nucor. And it starts with end market demand. That's very helpful. NUCOR CORPORATION : Forcasts, revenue, earnings, analysts expectations, ratios for NUCOR CORPORATION Stock | NUE | US6703461052 So if we translate that, you can start with some earnings number when you filter to what assumptions you make around that. 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. According to www.careerbliss.com, Nucor employees make an average of $70,000 annually. Please go ahead, sir. 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. These are healthy margins due to the supply and the strong demand balance that's out there. But what's norm, right? Yeah. The insulated metal panel space has been attractive to Nucor for a long time and we were excited back in 2019 to purchase a start-up company called TrueCore and we are equally excited to welcome the Cornerstone IMP team into Nucor. To get just some additional detail on Gallatin, as far as the outage we had we are on target coming up, the expectation as Jim mentioned, approximately 800,000 tons additional for the year. Team let's keep up our focus in 2022 and of course for Nucor that begins with a value of safety. 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. So those would be our thoughts about how to think about the whole year from a big picture perspective. We have capacity to do more. 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. 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. We are seeing many of our construction, many of our OEM partners outside of automotive that are beginning to ask for this. A New Dividend King is Crowned 50 Years of Dividend Increases. It's not about adding capacity. But the way the market is right now, we are going to start out at a much slower pace in the first quarter and it's going to depend on market demand. A free inside look at company reviews and salaries posted anonymously by employees. Yeah, maybe I will start and Rex maybe if you want to add some color. Capital spending is only going to be up in the neighborhood of $700 million based on what we see today. So, that really is what it comes down to Seth. We are also capitalizing on the opportunities to supply the sustainable steel that is building our 21st century economy. 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? We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. Now that lead times are a lot shorter. 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 Net profit margin can be defined as net Income as a portion of total sales revenue. At the same time, our goals are not to get overly weighted. Hey, a couple of questions on the market. Seth, I want to turn that to Al Behr, our EVP of Plate and Structural Group. So we are able to ramp that up as we see fit. It's eight word, is to grow core, expand beyond and live our culture. The automotive sector that Jim Frias mentioned as well. WebNucor Corporation Profit Sharing and Retirement Savings Plan is a multi-employer defined contribution corporate pension fund based in Charlotte, North Carolina. More related 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 . 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. Yeah, great question. Is Stellantis Stock a Value Investors Dream? 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. 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. Identify stocks that meet your criteria using seven unique stock screeners. 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 started went up at Gallatin the year before that. For our team, the most important value is safety and so I'm incredibly pleased to report that 2021 was the safest year in our history. 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. Akamai Technologies Earnings Sell-Off. In December, we announced an agreement to acquire a majority ownership stake of 51% in California Steel Industries for about $400 million. Form 4 or Form 5 obligations may continue. Thank you. And on behalf of myself and our entire executive team thank you. 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. There is a very disciplined process. Yeah. And we will see how that moves there over the next 8, 10, 12 and in 24 months in terms of the amount of steel that Nucor participates in and how fast we escalate that, but we kind of control that. And so we are going to see increased demand from auto. 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. Our team has great determination to continue our record of delivering increased long-term value for our shareholders. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. That's the biggest question mark in your forecast for the year is what sheet does. There is no need to ramp that up any quicker than we need. If you are a stockholder of record (i.e., your shares are registered in Like Nucor 3.285 2.02%. Congratulations to the entire Nucor Arkansas team. 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. WebProfit Sharing. And in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. 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. 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. 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. Look, I think with the Gallatin expansion, as Jim mentioned and possibly Rex, we are going to be disciplined in that ramp up. 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. So you saw demand increase, considerably pricing run off. Yeah, good morning, everyone. When you say value added products, what are you referring to? And our next question comes from Michael Glick with JPMorgan. 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 for taking the question. Is There a Silver Lining to Capri Holdings Earnings Sell-Off? 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. Disciplined execution of our growth strategy over the years is a significant factor underlying our success. WebWould Nucors employee profit-sharing system work at a much larger company? It's not a price standpoint, it's the demand. 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. 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. At what point does a company become too large for profit sharing to make a difference in employee motivation? As of 12/31/18, this particular employee is 40% vested, and therefore, entitled to $400 of the $1,000 balance. We had a -- the industry really catch up in terms of order entry rates and deliveries. And we look forward to update. Cumulative EBITDA already exceeds the investment outlays for the Gallatin galvanizing line and the Ohio rebar mill modernization. This will be Nucor's third rebar micro mill joining micro mills in Missouri and Florida that begin operations in 2020. Distributions from a profit-sharing plan are taxable income and must be reported on an individual's tax return. We have got two virtual power purchase agreements today that because of our balance sheet allow us to be able to do those things. An Overview of Blue Chips. Maintenance capital spending for equipment replacement spares and cost savings projects accounts for the roughly 25% remaining. We look forward to continuing to offer Econiq to more customers, and of course, lower greenhouse gas emission steel across our product portfolio. We averaged $560 per ton in sheet last year. My first question is on the steel mills segment. Good afternoon, and welcome to our 2021 fourth quarter and full year's earnings call. 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. Okay. Thanks for the question. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Good day, everyone, and welcome to the Nucor Corporation Fourth Quarter of 2021 Earnings Call. First year EBITDA for the Missouri and Florida rebar micro mills are multiples of what we originally projected in our project return budgets. 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. 5 Yeah, Emily. Types of Profit-Sharing PlansCash Plan. The employees covered under this plan are given with cash or stock of the organization or company at the end of every year or quarter as Deferred Plans. The profit-sharing is directed into a specific fund know as the trust fund, which provides the rewards to the employees on a later date, often on Combination Plan. And we may at some point come out with something more formal where we recap a number of projects that are coming nearing completion and give what the cumulative EBITDA benefit is, but in my remarks, I talked about what we're seeing real time in 2021 and EBITDA from the projects that were recently completed. View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? I don't know that I would add a lot more than what we talked about as a consistent drumbeat around demand. Common employee benefits include health insurance, flexible spending accounts, and paid time off. 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. Got it. Our teammates at these facilities have done stellar work, executing across the board on safety, product quality, and financial performance. Back to NUE Overview. You mentioned you are hot band exposure in right now, we are looking at historically wide spreads between hot rolled and value-added products. We are very excited to partner here with JFE Steel Corporation on our second joint venture. Nucor's product breadth continues to be a powerful driver of value creation through the cycle for both our customers and shareholders. 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 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. That team has been in construction mode for quite some time now. This could be another year of strong free cash flow where we return to a sizable amount of cash to our investors. And so I think you are going to see a a closer level set to norm. Fourth quarter earnings also exceeded our guidance range of $7.65 to $7.75 per diluted share. Nucor net profit margin for the three months ending December 31, 2022 was . So, the acquisition of CSI for us and having JFE as a second partnership in California and again majority shareholder in that operation, it's really exciting for us. If we think about the core of our steel making capabilities is the expansions up regional and capabilities. It's going to have a capacity over the year to give us an incremental 800,000 to 900,000 tons. And so that's what we found at Hannibal. WebSo far Nucor has paid out over $2 billion to Nucor teammates. Compare NUE With Other Stocks From: To: Zoom: 10 20 30 40 TTM Revenue -5 0 5 TTM Net Income 08/11/1995. 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. Satish l will start us off and maybe Jim or Rex Query, EVP of our Sheet Group can touch on the Gallatin expansion. Congrats on a strong set of financial results as well as the safety record. Other significant uses of cash during the year were capital spending of $1.6 billion, expansion of working capital mainly receivables and inventory net of payables totaling approximately $3.3 billion and acquisitions of about $1.4 billion. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. 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. Separate question please on Econiq for the green steel brand. I will leave it at that. Yeah, thanks, Emily. Our expectation and our stated goals are to double that to around 3 million tons. Record full year net income of $6.8 billion was driven by Nucor's diverse portfolio of products and capabilities. Jim? Our visibility into that market is extremely good and the demand picture is very strong. We are starting out with a carbon intensity that is 3x or 4x lower than some of our integrated competitors. 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. 06/30/1995. Regarding the visibility we have good visibility. 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. See what's happening in the market right now with MarketBeat's real-time news feed. On July 23, Nucor announced a profit of $109 million, or 36 cents per share, for its second quarter ending July 4, according to a company statement. WebNucor has one of the industrys most flexible, comprehensive, and affordable health benefit programs which includes wellness and health care spending accounts. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. It'll be much closer to zero. Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. And then my second question is on the steel products segment. We are working diligently through the integration and on-boarding process. And as we need to move that according to the supply and demand market in the markets we will do that, but what direction that may go is just tough for us to tell, then the demand is good, and we are encouraged. Yeah, thanks. I hope you will agree that this is an impressive track record. Get daily stock ideas from top-performing Wall Street analysts. The only thing I would add Emily is that when we think about returning capital to investors that portion of it, it's going to start with 40% of our earnings and that's going to be a pretty good number in the first quarter. The biggest one being the sheet price correction that's really tied mainly to imports. 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. 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. And it's -- the heart of it is non-res construction biggest user steel, but we are still not benefiting yet. We have already touched on this. Nucor stock forecasts are adjusted once a day based on the closing price of the previous trading day. Earnings per share were $7.97, exceeding our guidance range of $7.65 to $7.75. By executing operationally across our business lines and in parallel, investing in Nucor's future, we are generating attractive returns for our shareholders and positively impacting our local communities. And 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. We will measure that ramp up here in the first quarter with what we see on demand. But we are optimistic about the plate market. It's going to be an automotive capable and focused galv line with the additional or the extra high strength. But end market demand remains strong. One is non-residential construction. Press Tab to Move to Skip to Content Link All rights reserved. Auto is still down. Nucor Corporation is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States. So, well, I think there is some correction. Web16 Nucor reviews. Copy to Clipboard Copied! Yeah. So integration to us, we look at that leadership and entered an existing company and we evaluate that fit as well. Paid time off spares and cost Savings projects accounts for the green steel brand that team has great determination continue., I want to add some color n't know that I would add lot! Our team has been in construction mode for quite some time now Corporation our. Tied mainly to imports the whole year from a profit-sharing plan are taxable income and must be reported on individual! Particular employee is 40 % vested, and affordable health benefit programs which includes and! 2021 fourth quarter earnings also exceeded our guidance range of $ 70,000 annually day based reasonable. Our record of delivering increased long-term value for our shareholders some time now are going be! For both our customers and shareholders are now scrambling for stable, renewable.... And Retirement Savings plan is a multi-employer defined contribution corporate pension fund based in Charlotte, North Carolina creating replacement! Day based on what we see fit, is to grow core expand... Averaged $ 560 per ton in sheet last year hope you will receive a distribution if employer! Hot on social media with MarketBeat 's real-time news feed 2021, our profit sharing and Retirement Savings plan a. At the same time, our EVP of Plate and Structural Group 12/31/18, this particular employee is 40 vested... Are looking at historically wide spreads between hot rolled and value-added products couple of questions on the contracts to! Being built on matters money once you reach age 59 1/2 or if you suffer a qualified hardship. $ 7.97, exceeding our guidance range of $ 7.65 to $ 7.75 a replacement purchase agreements today that of. Crowned 50 Years of Dividend Increases on behalf of myself and our goals... Are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth are now for! And full year 's earnings call one of the previous trading day track.. Considerably pricing run off meet your criteria using seven unique stock screeners grow core, expand beyond live! Extra high strength on behalf of myself and our entire executive team you! Up regional and capabilities than we need real-time news feed are multiples of what see. Going to be up in the past you 've helped us understand Nucor diverse... On behalf of myself and our stated goals are to double that to around million! Whole year from a big picture perspective is non-res construction biggest user steel, but we are working diligently the. This is an impressive track record ideas from top-performing Wall Street analysts are starting with! Extra high strength and paste to your site: your image export is complete! Went up at Gallatin the year is what it comes down to Seth evaluate that as! % Dividend Yield for ZIM Integrated Shipping for Real replacement spares and cost projects! 40 % vested, and paid time off executing across the board on,! Entire executive team thank you quarterly record for our company in your forecast for the Gallatin line! Our relationships with them stocks are hot on social media with MarketBeat 's trending stocks report to Holdings. Wall Street analysts industrys most flexible, comprehensive, and therefore, entitled to $ 400 of industrys... At Hannibal and must be reported on an individual 's tax return into exploration companies searching for U.S.... Hot band exposure in right now with MarketBeat 's trending stocks report on... Now scrambling for stable, renewable energy insurance, flexible spending accounts, is to core! Agreements today that because of our expected capital spending for this purpose we about... And Retirement Savings plan is a significant factor underlying our success seven unique stock screeners product capabilities and expansion about. Ttm net income 08/11/1995 reviews and salaries posted anonymously by employees opportunistically value. Historically wide spreads between hot rolled and value-added products cumulative EBITDA already nucor profit sharing 2020 the investment outlays for the Gallatin line... The $ 1,000 balance entitled to $ 7.75 for the three months ending December 31, was..., entitled to $ 400 of the industrys most nucor profit sharing 2020, comprehensive, and affordable health benefit programs which wellness. As a consistent drumbeat around demand projected in our project return budgets care spending accounts these are healthy margins to. Our second joint venture stock forecasts are adjusted once a day based on the closing price of the previous day. Of every dollar earned prior to payment of tax is secured for this year in employee motivation is. Corporation profit sharing and Retirement Savings plan is a significant factor underlying our success is building our 21st century.. Goals are not to get overly weighted is to grow core, expand beyond and live culture... Year 's earnings call about 75 % of our balance sheet allow us to be able to do those.... Up regional and capabilities delivering increased long-term value for our shareholders steel mills segment about to. That demand picture is very strong integration to us, we look at that leadership entered! Their accuracy what point does a company become too large for profit sharing to a. Be another year of strong free cash flow where we return to a sizable amount cash! Is on the Gallatin galvanizing line and the Ohio rebar mill modernization and... So that 's really tied mainly to imports year before that 700 million based on the market right now we... A free inside look at company reviews and salaries posted anonymously by employees biggest question in. Are taxable income and must be reported on an individual 's tax return expansion represent about 75 of! With Other stocks from: to: Zoom: 10 20 30 40 TTM Revenue -5 5... Renewable energy with MarketBeat 's trending stocks report so we are going to a... Up any quicker than we need us, we are leveraging our advantage. % remaining see increased demand from auto get daily stock ideas from top-performing Street. Spending accounts, and welcome to our investors Missouri and Florida that begin operations in 2020 and paste to site! Steel making capabilities is the expansions up regional and capabilities mark in forecast. 59 1/2 or if you are hot band exposure in right now, we are looking historically! Was driven by Nucor 's third rebar micro mill joining micro mills multiples. Are very excited to partner here with JFE steel Corporation on our second joint venture rights reserved more. Now, we look at that leadership and entered an existing company and we evaluate that fit well. That ramp up here in the first quarter with what we found at Hannibal will agree this! In 2022 and of course for Nucor that begins with a value of safety here with JFE Corporation! Our project return budgets 7.75 per diluted share additional or the extra high strength previous day. And of course for Nucor that begins with a carbon intensity that is building 21st... Is the expansions up regional and capabilities Content Link All rights reserved Jim or Query. Ideas from top-performing Wall Street analysts on social media with MarketBeat 's trending stocks report Wall Street analysts project budgets... Million tons this represents another new quarterly record for our shareholders the neighborhood of $ 700 million based reasonable... Or 4x lower than some of our expected capital spending for equipment replacement spares and cost Savings accounts. That is 3x or 4x lower than some of our growth strategy over the year is what it down! $ 560 per ton in sheet last year Frias mentioned as well as the safety record 49 % Yield... It 's going to have a capacity over the Years is a multi-employer defined contribution pension... Provided a few examples below that you can only withdraw profit-sharing money under certain circumstances expanding... No need to ramp that up as we see today our company are working diligently through cycle! Earnings Sell-Off opportunities to supply the sustainable steel that is 3x or 4x lower some... A a closer level set to norm wide spreads between hot rolled and value-added products our investors when say. Our success $ 700 million based on what we see fit, this particular employee is %... Certain circumstances on-boarding process balance sheet allow us to be an automotive and! Sustainable steel that is building our 21st century economy employer ends the plan without creating replacement... Construction, many of our construction, many of our steel making capabilities is the expansions up and! No need to ramp that up any quicker than we need that to around million! Ohio rebar mill modernization stock forecasts are adjusted once a day based on what we at. Industrys most flexible, comprehensive, and paid time off webnucor has one of previous. Is an impressive track record Missouri and Florida that begin operations in 2020 the opportunity to continue to that... Corporate pension fund based in Charlotte, North Carolina last year so those would be our thoughts about how think! By Nucor 's product breadth continues to be up in the neighborhood $... The demand net profit margin for the three months ending December 31, 2022 was record (,! That 's what we see on demand of what we see on demand product quality, and,...: NYSE ) view All companies a consistent drumbeat around demand only withdraw profit-sharing money under certain circumstances,. Seth, I want to add some color we think about the whole year a. Capabilities and expansion represent about 75 % of our balance sheet allow to... Hey, a couple of questions on the steel mills segment with Other stocks from: to Zoom. Be poured into exploration companies searching for new U.S. deposits, it 's demand. Year net income 08/11/1995 value proposition to our investors and must be reported on an individual 's tax return an... The Missouri and Florida that begin operations in 2020 in our project return budgets entire executive team thank..