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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)

25. Quarterly Information (Unaudited)

 

 

 

(in thousands, except per share data)

 

 

 

Year Ended December 31, 2019

 

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Net sales

 

$

6,096,624

 

 

$

5,895,986

 

 

$

5,464,502

 

 

$

5,131,746

 

Gross margin

 

 

895,892

 

 

 

775,494

 

 

 

572,511

 

 

 

435,188

 

Net earnings (1)

 

 

530,793

 

 

 

412,277

 

 

 

293,587

 

 

 

134,253

 

Net earnings attributable to Nucor

   stockholders (1)

 

 

501,806

 

 

 

386,483

 

 

 

275,031

 

 

 

107,823

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.63

 

 

$

1.26

 

 

$

0.90

 

 

$

0.35

 

Diluted

 

$

1.63

 

 

$

1.26

 

 

$

0.90

 

 

$

0.35

 

 

 

 

(in thousands, except per share data)

 

 

 

Year Ended December 31, 2018

 

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Net sales

 

$

5,568,419

 

 

$

6,460,774

 

 

$

6,742,202

 

 

$

6,295,884

 

Gross margin (2)

 

 

726,406

 

 

 

1,166,590

 

 

 

1,290,150

 

 

 

1,112,262

 

Net earnings (3)

 

 

380,112

 

 

 

713,615

 

 

 

706,287

 

 

 

681,070

 

Net earnings attributable to Nucor

   stockholders (3)

 

 

354,179

 

 

 

683,153

 

 

 

676,656

 

 

 

646,779

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.11

 

 

$

2.14

 

 

$

2.13

 

 

$

2.08

 

Diluted

 

$

1.10

 

 

$

2.13

 

 

$

2.13

 

 

$

2.07

 

 

(1)

First quarter results include a benefit of $33.7 million related to the gain on the sale of an equity method investment in the raw materials segment. Fourth quarter results include non-cash impairment charges totaling $66.9 million related to an impairment of our proved producing natural gas well assets in the raw materials segment ($35.0 million), certain property, plant and equipment in the steel mills segment ($20.0 million) and the write-down of certain intangible assets in the steel products segment ($11.9 million).

(2)

Second quarter results include a benefit of $9.6 million related to insurance recoveries. Third quarter results include a benefit of $18.0 million related to insurance recoveries.

(3)

First quarter results include the write-off of deferred tax assets of $21.8 million due to the change in the tax status of a subsidiary. Second quarter results include a benefit of $23.3 million (which includes the amount in gross margin) related to insurance recoveries. Third quarter results include a non-cash impairment charge of $110.0 million related to our proved producing natural gas well assets, as well as a benefit of $24.8 million (which includes the amount in gross margin) related to insurance recoveries.