earnings
confidence high
sentiment positive
materiality 0.90
Nucor reports record Q4 net earnings $2.25B ($7.97 EPS); FY net $6.83B ($23.16 EPS) up 848% YoY
NUCOR CORP
2021-FY EPS reported
$23.16
revenue$36,483,939,000
- Q4 net earnings $2.25B ($7.97 diluted EPS) vs $398.8M ($1.30) a year ago; FY net earnings $6.83B ($23.16) vs $721.5M ($2.36).
- Net sales Q4 $10.36B (+97% YoY); FY $36.48B (+81%); average selling price +99% YoY to record levels.
- Steel mills segment earnings Q4 $3.13B (vs $208M); steel products $452M (vs $188M); raw materials $45M (vs $27M).
- Board authorized new $4B share repurchase program; repurchased 13.5M shares in Q4 at avg $111.63; quarterly dividend $0.50 declared.
- Q1 2022 outlook: earnings expected slightly below Q4 record; steel mills to decline; steel products to improve; raw materials slightly improve.