Our next question comes from Timna Tanners with Wolfe Research. Thank you. 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. Auto is still down, because of the chips. Our expectation and our stated goals are to double that to around 3 million tons. One is non-residential construction. So we expect to keep doing things to try and deal with that. WebProfit Sharing. Just like Rex said about Hannibal, but especially in the IMP space and Leon mentioned about that space and I want to actually to talk a little bit more about it, but we are excited about the Cornerstone IMP acquisition, the team that we now have. 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. Back to NUE Overview. We are starting out with a carbon intensity that is 3x or 4x lower than some of our integrated competitors. I would tell you that that value increases as we move forward, because many of our end customers cannot achieve their end stated goals of their carbon footprint reduction targets without an incoming steel that is significantly lower than most of the world average is. Is Stellantis Stock a Value Investors Dream? But when you think about the sheet market overall, our EBITDA for the year could approach the level we achieved last year, because our EBITDA ramped dramatically from the first quarter of last year to the end of last year. 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. And finally to our shareholders, we are proud of the record returns provided in 2021. The 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. We look forward to continuing to offer Econiq to more customers, and of course, lower greenhouse gas emission steel across our product portfolio. 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. So that will be a small headwind. 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. It's all BS. The location along the Ohio River provides Nucor with important transportation and logistics advantages in serving the country's two largest sheet steel consuming regions in, the Midwest and Northeast, two areas where Nucor is currently under-represented. If you are a stockholder of record (i.e., your shares are registered in I will start Carlos. Once operational our West Virginia mill will have some of the most advanced capabilities and one of the lowest carbon footprints of any sheet mill in the world. WebRockledge Yard Laborer - FL, 32955. Nucor annual/quarterly net income history and growth rate from 2010 to 2022. Of course, we are also mindful of our responsibility to shareholders. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. We are very proud of Nucor's help make the United States the cleanest place in the world to make steel. So, I'll go back and read our earnings releases that we published about each of the major projects and see that data. 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. 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. Nucor net income for the quarter ending December 31, 2022 was, Nucor net income for the twelve months ending December 31, 2022 was. Yeah, Emily. NUCOR CORPORATION : Forcasts, revenue, earnings, analysts expectations, ratios for NUCOR CORPORATION Stock | NUE | US6703461052 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. 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 . Please check your download folder. So that is going to continue. View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? So what I would tell you is, there is value there today. That's very helpful. For example, five major greenfield projects completed commissioning and startup over the 2019 through 2020 time period. We have already touched on this. Adding this amount to teammate profit sharing over the course of the last five decades Nucor's allocated a total of about $3.8 billion in profit sharing to our team members. It's not about adding capacity. Every single day our nearly 29,000 team members remain focused on our company's mission to grow our core steel making capabilities, while expanding our presence into related businesses that fit with our culture and leverage our strengths. Turning to the outlook. When we look at inventory receivables and payables net, they are not going to use that much cash to share that could be small benefit. CASH. 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. For the full year 2021, Nucor reported consolidated net earnings of $6.83 billion, compared with consolidated net earnings of $721.5 million in 2020. Looking at 2021 as a whole we said several other financial records. 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? Defined Contribution Pension Plan. At what point does a company become too large for profit sharing to make a difference in employee motivation? 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. Charlotte, North Carolina-based Nucor Corp. has reported net earnings of $2.36 billion for its fiscal year 2018, which coincides with the calendar year. And so that's what we found at Hannibal. The benefits are terrible, that's why it always amazes me when people say great benefits. Stock Bonus. 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. 06/28/1995. 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. Thanks Seth. This metric boils down to the overall profit that is left from the revenue that a company receives after taking out various operational line items like cost of goods sold, income tax expense, SG&A expense, etc. If we think about the core of our steel making capabilities is the expansions up regional and capabilities. 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. 401 (k) Plan. Real-time analyst ratings, insider transactions, earnings data, and more. They have couple of operations California, Houston, the leadership we have had there really just spectacular, fit in well with our company. Okay. Retirement Savings Plan Invest today for what you plan to accomplish tomorrow, with matching contributions and Last year's number was about $865 million, this year is going to be just north of a $1 billion. 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. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? And we look forward to update. So the supply chain got full very quickly and maybe some even some over buying. 87% 57% Source: Great Place To Work 2021 Global Employee Engagement Study. Please go ahead, sir. Nucor Corp.s record 2022 earnings means the Charlotte-based steel company will hit another record almost $1 billion in profit sharing for the nearly 31,000 On December 16th, our Nucor Steel Arkansas Sheet Mill produced its first prime coil from its new generation 3 flexible galvanizing line. If there is any indication of weakness, it's around supply chain and that true consumption in demand at the OEMs. 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. So that's going to be significant benefit to our earnings results for the year. And so I think you are going to see a a closer level set to norm. Our next question comes from Carlos De Alba with Morgan Stanley. Match could be better than it is. Reflecting this for 2021, our profit sharing total about $850 million. It's eight word, is to grow core, expand beyond and live our culture. 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. So we are already evaluating acquisition potential, greenfield potential in the racking business so we stepped into that business for the purposes of growing and growing further geographically and expanding our capabilities there. For 2022, we project capital spending of approximately $2.3 billion. And that concludes today's question-and-answer session. Jim? 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. So, well, I think there is some correction. I mean, we talk with our customers weekly. So we begin from a platform of great strength and again a commitment to be even stronger and even cleaner. And then my second question is on the steel products segment. Western countries are now scrambling for stable, renewable energy. But end market demand remains strong. 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. We are leveraging our competitive advantage to aggressively and opportunistically pursue value enhancing long-term growth. 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 as those mill to generate the returns and the EBITDA and the margins, we make sure we reinvest for the long term and all of those assets. However, we are not resting on our past performance. And so we expect to see margin expansion in the first quarter and beyond for those businesses so that's a positive. 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