8-K
filed January 26, 2023, 6:59 PM ET
ticker NUE
CIK 0000073309
earnings
confidence high
sentiment positive
materiality 0.85
Nucor reports record annual EPS $28.79 for 2022; Q4 EPS $4.89, sales down 16% YoY
NUCOR CORP
2022-FY EPS reported
$28.79
revenue$41,512,467,000
- Full year 2022 EPS $28.79, net earnings $7.61B, both records; prior record 2021 EPS $23.16.
- Q4 2022 EPS $4.89 vs Q4 2021 $7.97 and Q3 2022 $6.50; net sales $8.72B, down 16% YoY.
- Steel mills Q4 earnings $516.7M, down 83% YoY; steel products $1.08B, up 139% YoY; raw materials loss $141.8M includes $96M write-off.
- Returned $3.3B to shareholders in 2022; regular dividend increased for 50th consecutive year.
- Q1 2023: steel mills profitability expected to increase; consolidated net earnings expected to decrease due to eliminations and tax benefits.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
NUCOR CORP reported the full year 2022 results: revenue $41.51 billion, net income $7.61 billion, EPS $28.79 per diluted share.
- Period
- the full year 2022
- Revenue
- $41.51 billion
- Net income
- $7.61 billion
- EPS
- $28.79 per diluted share
- Result
- reported results
Exact text from the filing
quarter of 2022 decreased 9% from the third quarter of 2022 and increased 2% compared to the fourth quarter of 2021. For the full year 2022, Nucor’s consolidated net sales of $41.51 billion increased 14% compared with consolidated net sales of $36.48 billion reported in the full year 2021. Total tons shipped to outside customers in 2022 were approximately 25,524,000
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
NUCOR CORP reported the fourth quarter of 2022 results: revenue $8.72 billion, net income $1.26 billion, EPS $4.89 per diluted share.
- Period
- the fourth quarter of 2022
- Revenue
- $8.72 billion
- Net income
- $1.26 billion
- EPS
- $4.89 per diluted share
- Result
- reported results
Exact text from the filing
77,106 (617,364 ) (1,544,171 ) (2,375,568 ) $ 1,533,405 $ 3,007,757 $ 10,244,844 $ 9,200,858 Financial Review Nucor’s consolidated net sales decreased 17% to $8.72 billion in the fourth quarter of 2022 compared with $10.50 billion in the third quarter of 2022 and decreased 16% compared with $10.36 billion in the fourth quarter of 2021. Average
View on SEC.gov
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