K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15( d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-4119 NUCOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-1860817 (State or other jurisdicti ...

Nucor (NUE) closed the most recent trading day at $189.99, moving +1.79% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.04%. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.28%.The steel company's stock has climbed by 6.84% in the past month, exceeding the Basic Materials sector's gain of 1.21% and the S&P 500's gain of 5.01%.Market participants will be closely following the financial results of Nu ...

CHARLOTTE, N.C., Feb. 21, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that the company's Board of Directors approved $860 million to construct a 650,000-tons-per-year rebar micro mill in the Pacific Northwest. This will be Nucor's fourth and largest rebar micro mill, with approximately 50 percent more production capacity than the mill currently under construction in North Carolina. Nucor continues to evaluate potential locations, and the project is expected to take two years to constr ...

CHARLOTTE, N.C., Feb. 20, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock.  This cash dividend is payable on May 10, 2024 to stockholders of record on March 28, 2024 and is Nucor's 204th consecutive quarterly cash dividend. About Nucor Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced i ...

Nucor (NUE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this steel company have returned +7.9%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Steel - Producers industry, which Nucor falls in, has lost 2.7%. The key question now is: What could be the stock's future direction?Although media reports or rumor ...

“Steel represents the triumph of human ingenuity.” - UnknownThe steel industry is often heralded as the backbone of modern society. Its history is shrouded in mystery, with origins dating back over 4,000 years. A durable companion to humanity over time, steel has helped shape industries through vast periods of innovation.The landscape of the steel industry continues to evolve at a rapid pace. Select winners have emerged that were able to adapt to the broader economic and societal changes; these stocks are t ...

Nucor Corporation (NUE) reported earnings of $3.16 per share in fourth-quarter 2023, down from earnings of $4.89 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $2.83.The company recorded net sales of $7,704.5 million, down around 11.7% year over year. The figure topped the Zacks Consensus Estimate of $7,563.8 million.Earnings declined in the fourth quarter primarily due to lower prices. Operating FiguresTotal sales tons to outside customers for steel mills in the fourth quar ...

Financial Data and Key Metrics Changes - Nucor reported earnings of $3.16 per share for Q4 2023, leading to a full-year earnings of $18 per share, marking the third most profitable year in the company's history [5][6] - Consolidated net earnings for Q4 2023 were $785 million, including $127 million of pre-operating startup costs, exceeding guidance due to better-than-expected performance in the Steel Mills segment [19][21] - The company generated over $1.5 billion in operating cash flow during Q4, with working capital contributing about $250 million [20] Business Line Data and Key Metrics Changes - The Steel Mills Group generated $588 million in pre-tax earnings for Q4, a 33% decrease from the previous quarter, with total steel mill shipments declining by 4% [21] - The Steel Products segment delivered pre-tax earnings of $656 million, contributing over half of the total segment earnings for Q4, marking its second-best year with $3.4 billion in segment earnings for 2023 [22] - The Raw Materials segment posted a pre-tax loss of approximately $14 million for the quarter, with stable pricing but lower output and increased per ton costs due to planned outages [22] Market Data and Key Metrics Changes - The U.S. economy remains resilient, with steel-intensive megatrends driving increased demand for Nucor's products, particularly in sectors like infrastructure and advanced manufacturing [6][15] - Non-residential construction, Nucor's largest end market, is expected to grow double-digits over the next two years, offsetting softness in more rate-sensitive sectors [17] - The company anticipates federal programs supporting megatrends to add between 5 million to 8 million tons of incremental annual demand for steel in the coming years [15] Company Strategy and Development Direction - Nucor's strategy focuses on value creation through prudent capital deployment, with over $12 billion invested in CapEx and strategic acquisitions since 2020 [10] - Sustainability is a key differentiator, with Nucor committing to net-zero steelmaking by 2050 and being the largest recycler in the Western Hemisphere [11][12] - The company is expanding its "Expand Beyond" strategy into steel-adjacent platforms, contributing approximately $415 million in EBITDA for 2023, with a goal of reaching $700 million in the coming years [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term prospects for the steel industry, despite some near-term headwinds such as slower adoption rates for electric vehicles and delays in offshore wind projects [16] - The outlook for 2024 appears stable, with expectations of improved performance in the steel mills and raw materials segments, partially offset by weaker earnings from the Steel Products segment [26][27] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to support growth and capital allocation strategies [24] Other Important Information - Nucor invested $2.2 billion in CapEx and returned $2.1 billion to shareholders in 2023, representing 46% of net earnings [6][23] - The company expects total capital expenditures of approximately $3.5 billion for 2024, with a focus on growth projects [25] Q&A Session Summary Question: Market confidence in commercial construction and infrastructure - Management noted strong performance in long products divisions and increased utilization rates, indicating optimism for continued demand in structural products [30] Question: Update on EBITDA goals from Investor Day - Management reaffirmed confidence in reaching a normalized EBITDA of $6.7 billion, with ongoing projects expected to contribute positively [40][42] Question: Capital allocation and M&A pipeline - Management confirmed a disciplined approach to potential acquisitions, emphasizing the importance of not overpaying for assets while maintaining liquidity for growth opportunities [48][50] Question: Status of Brandenburg plate mill profitability - Management expects Brandenburg to reach breakeven by mid-2024, with ongoing improvements in production capabilities [55] Question: Conversion costs and future expectations - Management indicated that conversion costs are expected to decrease slightly as growth projects stabilize, but not significantly [61]

Financial Performance - Nucor reported Q4 2023 EBITDA of $14 billion[8] and full year 2023 EBITDA of $74 billion[8] - Net earnings for Q4 2023 were $785 million or $316 diluted EPS[8], while full year 2023 net earnings reached $45 billion or $1800 diluted EPS[8] - Nucor returned approximately $21 billion to shareholders in 2023, representing about 46% of the year's net earnings[8] - Capital expenditures for 2023 totaled $22 billion[8] Segment Results (Q4 2023) - The Steel Mills segment experienced a modest decrease in shipments and lower realized pricing, resulting in EBT of $588 million[19], a 14% increase compared to the prior year[19] - The Steel Products segment saw lower shipments and pricing, with EBT at $656 million[21], a 39% decrease compared to the prior year[21] - The Raw Materials segment reported an EBT loss of $14 million[20], but adjusted EBT improved by 70% compared to the prior year[20] Capital Allocation and Balance Sheet - Nucor's total debt stood at $6842 billion with net debt at ($292) million as of December 31, 2023[26] - The company's total equity and non-controlling interest amounted to $22124 billion[26], representing 76% of total book capitalization[26] - Projected capital expenditures for 2024 are approximately $35 billion[28], including $24 billion for the West Virginia sheet mill[28] Outlook - Nucor anticipates increased profitability in the Steel Mills segment for Q1 2024 due to higher average selling prices and shipments[29] - The Steel Products segment is expected to experience decreased profitability in Q1 2024 due to lower average selling prices[29] - The Raw Materials segment expects increased earnings in Q1 2024 due to higher operating rates at DRI facilities and scrap processing[29]

智通财经APP获悉，周二，美股钢铁板块涨跌不一，截至发稿，克里夫斯天然资源公司(CLF.US)涨超2%，纽柯钢铁(NUE.US)涨超3.6%，特尔尼翁钢铁(TX.US)跌0.71%，美国钢铁(X.US)跌0.23%。 消息面上，纽柯钢铁四季度营收为77亿美元，超过了FactSet调查的分析师预期的76.3亿美元。季度利润为7.854亿美元，合每股3.16美元，而去年同期为12.6亿美元，合每股4.89美元。FactSet调查的分析师预计每股收益为2.83美元。瑞银集团给予纽柯钢铁“买入”评级，目标价为210美元。 ...