Nucor 2011 Annual Report Download - page 65

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64
Net sales by product are as follows. Further product group breakdown is impracticable.
(in thousands)
Year Ended December 31, 2011 2010 2009
Net sales to external customers:
Sheet $ 5,967,756 $ 4,952,236 $ 2,877,140
Bar 3,733,716 2,668,706 2,042,471
Structural 2,049,907 1,633,203 1,275,795
Plate 2,208,866 1,606,615 964,106
Steel products 3,431,490 2,831,209 2,691,322
Raw materials 2,128,391 1,814,329 1,076,964
All other 503,438 338,329 262,498
$20,023,564 $15,844,627 $11,190,296
23. QUARTERLY INFORMATION (UNAUDITED)
(in thousands, except per share data)
Year Ended December 31, First Quarter Second Quarter Third Quarter Fourth Quarter
2011
Net sales $4,833,934 $5,107,809 $5,252,144 $4,829,677
Gross margin(1) 438,409 666,218 475,861 368,109
Net earnings(2) 181,122 321,578 200,111 158,173
Net earnings attributable
to Nucor stockholders(2) 159,841 299,773 181,518 137,056
Net earnings per share:
Basic 0.50 0.94 0.57 0.43
Diluted 0.50 0.94 0.57 0.43
2010
Net sales $3,654,842 $4,195,966 $4,140,069 $3,853,750
Gross margin(3) 212,795 308,037 190,290 132,543
Net earnings(4) 41,194 106,218 50,024 8,887
Net earnings (loss) attributable
to Nucor stockholders(4) 30,964 90,992 23,495 (11,359)
Net earnings (loss) per share:
Basic 0.10 0.29 0.07 (0.04)
Diluted 0.10 0.29 0.07 (0.04)
(1) Nucor incurred LIFO charges of $31.0 million, $32.0 million, $28.0 million and $51.8 million in the first, second, third and fourth quarters,
respectively. In the fourth quarter, Nucor recognized a gain of $29.0 million related to the correction of an error in the actuarial calculation
associated with the medical plan covering certain eligible early retirees.
(2) The third quarter includes a pre-tax charge of $13.9 million for impairment of Nucor’s equity investment in a dust recycling project.
(3) Nucor incurred LIFO charges of $24.0 million, $67.0 million, $50.0 million and $23.0 million in the first, second, third and fourth quarters,
respectively.
(4) The fourth quarter included a charge of $10.0 million for Nucor’s share of the estimated closure costs of the HIsmelt plant.