Nucor 2011 Annual Report Download - page 28

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27
NET EARNINGS AND RETURN ON EQUITY
Nucor reported net earnings of $778.2 million, or $2.45 per diluted share, in 2011 compared to net earnings of $134.1 million, or
$0.42 per diluted share, in 2010. Net earnings attributable to Nucor stockholders as a percentage of net sales were 4% in 2011 and
1% in 2010. Return on average stockholders’ equity was 11% and 2% in 2011 and 2010, respectively.
COMPARISON OF 2010 TO 2009
RESULTS OF OPERATIONS
NET SALES
Net sales to external customers by segment for 2010 and 2009 were as follows:
(in thousands)
Year Ended December 31, 2010 2009 % Change
Steel mills $10,860,760 $ 7,159,512 52%
Steel products 2,831,209 2,691,322 5%
Raw materials 1,814,329 1,076,964 68%
All other 338,329 262,498 29%
Total net sales to external customers $15,844,627 $11,190,296 42%
Net sales for 2010 increased 42% from the prior year. The average sales price per ton increased 13% from $637 in 2009 to $720 in
2010, while total tons shipped to outside customers increased 25%.
In the steel mills segment, production and sales tons were as follows:
(in thousands)
Year Ended December 31, 2010 2009 % Change
Steel production 18,258 13,998 30%
Outside steel shipments 15,821 12,075 31%
Inside steel shipments 2,752 1,961 40%
Total steel shipments 18,573 14,036 32%
year
0%
-10%
10%
20%
30%
40%
10 110706 0908
percent
RETURN ON AVERAGE STOCKHOLDERS’ EQUITY
year
$0
$1.50
-$1.50
$3.00
$4.50
$6.00
09 10 1106 0807
dollars
DILUTED EARNINGS PER SHARE