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Quarterly Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Information

 

 

 

(in thousands, except per share data)

 

 

 

Year Ended December 31, 2022

 

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Net sales

 

$

10,493,282

 

 

$

11,794,474

 

 

$

10,500,755

 

 

$

8,723,956

 

Gross margin

 

 

3,458,139

 

 

 

4,104,263

 

 

 

2,843,391

 

 

 

2,097,487

 

Net earnings (1)

 

 

2,227,115

 

 

 

2,727,237

 

 

 

1,799,043

 

 

 

1,326,245

 

Net earnings attributable to Nucor

   stockholders (1)

 

 

2,095,623

 

 

 

2,561,233

 

 

 

1,694,748

 

 

 

1,255,733

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

7.69

 

 

$

9.69

 

 

$

6.51

 

 

$

4.90

 

Diluted

 

$

7.67

 

 

$

9.67

 

 

$

6.50

 

 

$

4.89

 

 

 

 

(in thousands, except per share data)

 

 

 

Year Ended December 31, 2021

 

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Net sales

 

$

7,017,140

 

 

$

8,789,164

 

 

$

10,313,223

 

 

$

10,364,412

 

Gross margin

 

 

1,622,437

 

 

 

2,473,503

 

 

 

3,406,273

 

 

 

3,523,201

 

Net earnings (2)

 

 

987,514

 

 

 

1,571,459

 

 

 

2,223,265

 

 

 

2,340,132

 

Net earnings attributable to Nucor

   stockholders (2)

 

 

942,432

 

 

 

1,506,868

 

 

 

2,127,743

 

 

 

2,250,418

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.10

 

 

$

5.05

 

 

$

7.29

 

 

$

7.99

 

Diluted

 

$

3.10

 

 

$

5.04

 

 

$

7.28

 

 

$

7.97

 

 

(1)

Fourth quarter of 2022 results include an after-tax net benefit of $60.4 million related to state tax credits, an after-tax net benefit of $88.0 million related to a change in the valuation allowance of a state deferred tax asset, and a pre-tax $96.0 million write-off of the remaining carrying value of our leasehold interest in unproved oil and gas properties. This charge is included in the raw materials segment.

 

(2)

Second quarter 2021 results include a $42.0 million non-cash impairment charge related to the write-off of a portion of our leasehold interest in unproved oil and natural gas properties. This charge is included in the raw materials segment.