Rex? 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. At what point does a company become too large for profit sharing to make a difference in employee motivation? The Nucor stock prediction results are shown below and presented as a graph, table and text information. WebNucor Corp. NUE (U.S.: NYSE) View All companies. And that concludes today's question-and-answer session. 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. Stock Bonus. Thanks Seth. 06/30/1995. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Reflecting this for 2021, our profit sharing total about $850 million. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. And as far as the margins and our backlog, there are solid. We value our teammates and offer benefits packages that also include paid time off, parental leave, profit sharing, 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. Last year's number was about $865 million, this year is going to be just north of a $1 billion. 65 Day Avg Vol 1,846,352. Our next question comes from Carlos De Alba with Morgan Stanley. Yeah, maybe I will start with the automotive and Rex, you can update on the contracts. So that team is working feverishly to bring its capability to where we need. 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. REAL TIME 2:15 PM EST 02/27/23. But end market demand remains strong. WebNucor The manufacturer of steel and steel products is headquartered in Charlotte, N.C. I don't know that I would add a lot more than what we talked about as a consistent drumbeat around demand. However, we are not resting on our past performance. Good luck in the year. So that is going to continue. So, I have seen some of the information of not wanting in their contracts, those types of things. 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. It's just a very solid demand picture. I know that there was a lot of chatter about moving to shrink the discounts against CRU. For 2022, we project capital spending of approximately $2.3 billion. 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. The minimum target price for Nucor analysts is $ 136.4 . The spread case's different, but obviously the door opened up with the the massive spread. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. And as Leon mentioned, as we talked about in the script, we believe non-res construction will remain very strong as we enter 2022 and even beyond. 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. If you, the employer, make contributions to a profit sharing plan, you can deduct up to 25 percent of In November, we increased the capacity by $250 million and extended the maturity date to November of 2026. 2021 capital returns consisted of dividends of $483 million and share repurchases of just under $3.3 billion. 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. We published our net debt to capital range that we want to live in to maintain our strong investment grade credit rating. And we are excited about Econiq. 06/28/1995. In 1972 the company adopted the name Nucor Corporation, which would soon become a well steel company within the U. S. The If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? The second piece of that is the expanding beyond the traditional balance of our steel making range and those projects like Hannibal Industries in racking like CENTRIA and Metl-Span to give us a market leadership position today in the insulated metal panels that is all about the digital economy as. January 30, 2019. When we think about our free cash flow next year, we reduced our share count by 11% last year through significant capital or returns of capital to investors through share repurchases. With approximately half of Nucor's products going into the construction market, we stand ready to help our country meet its infrastructure needs. And it's -- the heart of it is non-res construction biggest user steel, but we are still not benefiting yet. At year-end gross debt as a percentage of total capital was approximately 28%, while net debt was about 14% of total capital. The Nucor team is focused on maximizing our profitability and continuing to be great stewards of the valuable shareholder capital you entrust us with. 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. Nucor's liquidity also includes our undrawn $1.75 billion unsecured revolving credit facility. Regarding the visibility we have good visibility. Is Stellantis Stock a Value Investors Dream? But we are optimistic about the plate market. On December 16th, our Nucor Steel Arkansas Sheet Mill produced its first prime coil from its new generation 3 flexible galvanizing line. We have got two virtual power purchase agreements today that because of our balance sheet allow us to be able to do those things. On the contract side, we are -- contract season I would say it was what we expected. 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. So if we translate that, you can start with some earnings number when you filter to what assumptions you make around that. My other question was just on contracts into 2022. Auto is still down, because of the chips. Please check your download folder. Maintenance capital spending for equipment replacement spares and cost savings projects accounts for the roughly 25% remaining. A New Dividend King is Crowned 50 Years of Dividend Increases. We don't know what the rest of the year will bring. And as Leon just stated about Gallatin, it's really an opportunity is we are getting some work done there. STOCK TRANSFERS, DIVIDEND DISBURSING & DIVIDEND REINVESTMENT. Rex, you want to touch on contracts? And in the past you've helped us understand Nucor's breakdown of contract business and how to think about it. $165.815 USD. 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. Hannibal Industries, our first step into the racking side, obviously we look for companies that are successful is our first approach for Nucor. And at the end of the day, supply and demand will always be the drivers to how we price our products. 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. Well, working capital used $3.3 billion of cash last year, I said in the script. 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. Nucor stock forecasts are adjusted once a day based on the closing price of the previous trading day. These returns were of course funded by our strong cash provided by operating activities, also a new record of $6.2 billion. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Yeah, Timna, thanks for the question. Nucor annual/quarterly net income history and growth rate from 2010 to 2022. Reflecting this for 2021, our profit sharing total about $850 million. Very, very good color. That's Incremental free cash flow. Turning to the outlook. I mean, we talk with our customers weekly. Back to NUE Overview. The biggest one being the sheet price correction that's really tied mainly to imports. Capital spending is only going to be up in the neighborhood of $700 million based on what we see today. March 1, 2023 The final market I would highlight would be energy, broadly energy, which includes renewables as well as oil and gas. Some of our oldest mills are the highest generating returns that we have in our entire portfolio and it's because we do a great job of reinvesting our teams, do an amazing job of keeping the maintenance and up keep and staying on the latest trends for the improvements in technology to implement to ensure not only the safest delivery of that steel, but also the lowest cost output to those steel products for our customers. So we will be able to feed into that. Thank you for the color. We have capacity to do more. So what I would tell you is, there is value there today. This could be another year of strong free cash flow where we return to a sizable amount of cash to our investors. Got it. I will start Carlos. Congrats on a strong set of financial results as well as the safety record. If you think about just five years, six years ago, we had about 55 cases that were one in carbon steel. 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