Nucor reports Q1 2022 net earnings $2.10B ($7.67/diluted), record Q1; expects Q2 to be record quarter

NUCOR CORP

2022-Q1 EPS reported $7.67 revenue$10,493,282,000

Net sales $10.49B, up 50% YoY from $7.02B; tons shipped 6.39M, down 11% YoY.
Steel mills segment earnings $2.58B pre-tax; steel products $684.9M; raw materials $95.9M.
Cash and equivalents $4.26B; $1.75B credit facility undrawn; repurchased 7.0M shares at $128.45.
Q2 2022 guidance: expects most profitable quarter in history, driven by steel products and sheet/plate mills.

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