Nucor 2008 Annual Report Download

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2008ANNUALREPORT
CHRISTOPHERCWAINWRIGHT JOHNCWAINWRIGHT TRAVISMWAIT JAMESMWAITE MATTHEWDWAITE DAVIDAWAITES VUYANISWAKABA JIMTWAKE JEFFREYAWAKEFIELD CARLWALAG MICHAELGWALBRIDGE MICHAELWALDEN
BOBBYJWALDING DONALDWWALDNER DANIELRWALDON JAMESRWALDREP JUSTINONEALWALDREP CRAIGMWALDRON ROBERTJWALDRON ADAMBWALDROP CHRISTOPHERMWALDROP JAMESFWALDROP JUSTINZWALKE
AFRANKWALKER AARONRWALKER ADAMWAYNEWALKER BENJAMINDWALKER CALVINEARLWALKER CHARLOTTERWALKER CHRISTOPHERSWALKER CONNIEEWALKER DANIELLWALKER DAVIDMWALKER EARLWWALKER GEORGELWALKER
GLENNWALKER GREGSWALKER HERBERTWALKER HOUSTONAWALKER ICWALKER JAKERWALKER JASONDWALKER JASONDALEWALKER JOEDWALKER JOHNWALKER JOHNNYWALKER JONIHWALKER JOSEPHCORTLANWALKER
JULIEWALKER KAZUKOKWALKER KENNETHWALKER KRISTINRWALKER LUTHERDWALKER MARCSWALKER MARCUSBWALKER MARILYNWALKER MARILYNWALKER MARKDWALKER MATTHEWWALKER MICHAELWALKER MICHAELWALKER
MICHAELDWALKER MICKEYCWALKERJR NORMANWALKER PAULTWALKER RAYMONDWALKERIII REXAWALKER RICHARDWALKER ROBERTCWALKER RYANWALKER RYANWALKER SAMEWALKER SAMMIELWALKERJR STANLEYWALKER
STEVENMWALKER SUSHMASWALKER SUVELLAWALKER TRAVISWALKER TRAVISMWALKER TRENDLEMWALKER TROYWALKER WAYNEWALKER MELANIEWALKER-GRILLS FREDERICKWALKLEY JAMIEWALL JOSHUASWALL CARLWALLACE
CHARLESWWALLACE CHARLOTTEHWALLACE EARLWALLACE EDWARDTWALLACE HOWARDJWALLACEIII JANETWALLACE JEFFREYTWALLACE JOEWALLACE JOHNWALLACE JOSHUAWALLACE KEITHAWALLACE LYNNAWALLACE
MICHAELERICWALLACEJR ROBERTWALLACE ROBERTHWALLACE STEVEMWALLACE WAYNEWALLACE WILLIAMDWALLACE DOUGL ASWALLACHJR DOUGLASWALLACH ADALBERTWALLEN JUSTINDAVIDWALLEN STEPHANIELUVWALLER
JACOBLWALLGREN RICHARDFWALLIN FLOYDEWALLINGJR CHARLENEWALLIS THOMASDWALLIS ROBERTLWALLOCH DONALDJWALLS KENNETHWALLS PAULWALLS JAMESEDWARDWALMSLEY MICHAELSWALQUIST JEFFREYCHARLESWALSH
ROBERTWALSH MICHELEAWALTENBERGER DOUGLASAWALTER MARKEWALTER MATTHEWRWALTER BRENTMWALTERS CARLWALTERS DANIELLWALTERS DENNISLWALTERS JWWALTERS JOHNLWALTERS PETERLWALTERS
RUSSELLLWALTERS TRAVISGWALTERS JAMESHWALTONJR JONDAVIDWALTON LEONARDDWALTON PHILWALTON RANDALLGWALTON TOMMYLWALTON TYLERMWALTON JASONJWAMPLER MEI-JUNWAN JOHANNESEWANG WEIWANG
YANWENWANG YOUDONGWANG ZHENGWANG RANDYLWANNER LAMARTWANSLEYII JASONWARBY ALANWWARD BRIANAWARD DANAWARD DAVIDLWARD DEVINKWARD DONALDRWARD ELIZABETHJWARD JASKALWARD
JEFFREYWWARD JERRYDWARD JOHNFWARD JOHNKWARD JUSTINCWARD LARRYWARD LUENDAWARD MICHAELDWARD NANCYSWARD RALPHWARD ROBERTCRAIGWARD ROYALCWARD RUSSELLWARD SAMUELSWARD SCOTTWARD
STEVENMWARD TINARWARD WILLIAMLWARD BRADLEYRWARDLE JEROMYJWARDLE ARNDRADWNELLWARE GARYWARE LARRYDWARE LARRYJAMESWARE ROBERTLWARE STEVENWARE MICHAELLWARFIELD ANDREWJWARGO
MARKWARGO FREDWARHAM JOHNHWARING CHRISCWARMAN ANTHONYLWARNEKE BENJAMINJWARNER CAROLINEWARNER DOUGLASGWARNER JASONWARNER JEFFERYWARNER ROGERLWARNER TODDAWARNER WENDELLTWARNER
ERICTWARNOCK JOCELYNHENSONWARNOCK JOHNCWARR ADAMRWARREN BRUCEJWARREN DAVIDWARREN DURRELLLWARREN JAMESDWARREN JENNIFERWARREN MARKWARREN MICHAELWARREN NICKOLESLWARREN
RICHARDLWARRENJR RODERICKBWARREN SOLOMONBERNARDWARREN TODDWARREN VICTORLWARREN WILLIAMWARREN GEORGEMWARRENFELLS GARYWARRIOR BRADYWARSHAWSKY KURTISAWARSHAWSKY DOUGLASAWARSTLER
STEVENEWARSTLER TIMOTHYJWARSTLER BRADWASHBROOK ANDREWWASHBURN STEVENWASHBURN MARKHWASHER ANTHONYJWASHINGTON COREYWASHINGTON DANAEARLWASHINGTON JEROIMELWASHINGTON ROBERTJWASHINGTON
TERRYBRANTWASHINGTON VEOTISWASHINGTON DAVIDWASHPAN JOSEPHLWASINGER CRAIGMWASTELL SAMUELWASYLIN BOGUSLAWAWASZKIEL TRACYLWATANABE GARRETWATCHESTON GARYWATCHESTON ROBERTWWATERFIELD
NIGELWATERMAN ROBERTDANIELWATERMAN KENNETHWATERS MARCENAWATERS MICHAELJWATERS TIMOTHYWATERS ANTHONYWWATFORD BENJAMINRWATFORD DONALDBWATFORD MATTHEWGWATFORD RANDYGWATFORD
ROBERTAWATFORD ROBERTCWATFORDIII ROBERTDWATFORD FLOYDBWATHAN AARONDWATKINS BARRYAWATKINS CHRISTOPHERRWATKINS CLINTWATKINS DANNYMWATKINSJR DAVIDMWATKINS EMILYJWATKINS JAREDJWATKINS
JEFFWATKINS PHILLIPWAYNEWATKINS RICKEWATKINS ROBERTTWATKINS TYLERSWATKINS CLARKEWATKISS ANDYBWATSON BERNARDLWATSON BILLYKWATSON BRADLEYSWATSON BRYANWATSON CHARLESLORENZOWATSON
CLAUDECWATSONJR DARRINRICHARDWATSON DAVIDBWATSON GARYWWATSON HUNTERWATSONIII JAMESEWATSONJR JAMESWWATSON JOHNLOUISWATSON JOSIAHAWATSON KEITHSWATSON KENNETHWATSON LAMARRWATSON
LARRYLANCEWATSON MARTINGWATSON MARYFWATSON NATHANIELWATSON PAMELAGWATSON PAULVWATSON PENNYOWATSON ROBERTSWATSON RONALDRWATSON RONNIEJWATSON RUSSELLEWATSON SAMUELWATSON
SETHWATSON STANKWATSON THOMASJWATSON WILLIAMLWATSONJR WILLIAMMIKEWATSON DONALDWATT STEVEWATT KENNETHWATTERS DARRIELLEWATTIE ANGELADWATTS CLIFTONFWATTS DARYLELWATTS SCOTTWATTS
WILLIAMWWATTS RYANJWATZLAWICK CAMERONCWAUGH CHADWAUGH HEIDILWAUGH ANGELAKWAWRZASZEK JEREMYAWAX KIMWAXMAN CHRISTOPHERRWAYE KEVINCWAYEJR RANDALLEWAYE TODDWAYMAN CALVINWAYNE
SHEILADWAYNE SUSANWAYNE JONATHANWWEATHERBY DAVIDAWEATHERFORD HARRIETTMWEATHERFORD HARRYHWEATHERFORD NELSONBWEATHERFORD NORMANSWEATHERFORD SAMUELBWEATHERFORD LUCASJWEATHERHEAD
LONNIEAWEATHERLEY MARKZWEATHERS BRANDONMWEATHINGTON BRETTDWEAVER BRIANJWEAVER CHADWWEAVER CURTISWEAVER DONALDAWEAVER ERICJWEAVER FRANKLINSWEAVER GARYDWEAVERJR JAMESWEAVER
JASONDWEAVER JEREMIAHWEAVER JOHNRWEAVER JOSEPHMWEAVER LEIGHWEAVER LORRAINEWEAVER RONALDEWEAVER SHAYCWEAVER ANTHONYLWEBB DAVIDWEBB DAVIDAWEBB DAVIDAWEBB JASONRWEBB JEFFREYAWEBB
JOSHUAAWEBB JUSTINBWEBB KIMBERLYFAIRESTWEBB MARKVWEBB MICHAELCWEBB MICHAELWWEBB MICHELLEWEBB NICHOLASCWEBB ROGERWEBB STEVENWEBB WILLIAMDWEBB MICHAELEWEBBER BRIANRWEBER
COLLEENWEBER DUANEAWEBER GARYDWEBERJR GLORIAAWEBER LANELWEBER ROBERTJWEBER TODDJWEBER VICTORWEBLEY BARRYOWEBSTER BRADLEYWEBSTER BRIANWEBSTER BRIANCWEBSTER CRAIGWEBSTER
DANIELPATRICKWEBSTER PHILIPWEBSTER RICHARDWEBSTER RONALDKWEBSTER TODDSWEBSTER TRESSAWEBSTER WILLIAMWEBSTER RICHARDWECHSLER DAVIDWWEDDLE DAVIDWEEDEN BILLGWEEKS TERRYLWEEKS WILLIAMTWEEKS
MARKEWEERS ERNESTVWEERTS RICHARDVWEERTS CONNIESWEHMEYER JOHNRWEHMEYER DANPWEHRMANN TYLERTWEHRS DANIELWEI CRAIGWEIDAW MICHAELWEIDMAN MICHAELRWEIDNER ROSSMWEIDNER JAMESAWEIGEL
JOSEPHWEIGEL KEITHMWEIL SCOTTMWEIL THOMASAWEILER JAYBWEIN BENWEINER JERRYGWEINRICH CHRISAWEIR STEPHENCWEIR JACKWEISBRODT FARONWEISGERBER TODDWEISHAUPT BILLYWEISINGER DONALDGWEISINGER
JEREMYWWEISINGER JANICEWEISMAN JAMESWWEISS MARKWEISS WILLIAMDWEISS ERICLWEITZ CHARLESWELCH EMILYMWELCH HARRYSWELCH JAMESEWELCH JAMESWWELCH JASONWELCH KEVINLWELCH PAULWELCH
RICKYEWELCH MATTHEWWELDA DENNISJWELDEN KEVINLLOYDWELDON MARYBWELKER KYLEWELLAR KEVANWELLIVER BARBARAJWELLS BILLYEWELLS CHARLESEWELLS CHARLESJWELLS CHARLESVWELLS CHRISWELLS
CORDELLAWELLS DANNYWELLS ELIZABETHCWELLS JAMESWELLS JAMESWELLS JASONLWELLS JEANETTEALAYNEWELLS JERRYRWELLS MELTONDWELLS NATHANMWELLS ROGERHWELLS ROYWELLS SUEELLENWELLS TERRYWELLS
VICKIWELLS CHRISTOPHERSWELSH KARYLRWELSHER BRETTWWELTON JACOBAWEMHOFF RONALDTWEMHOFF QIANKWEN TANNERWENDEL GEORGEGWENDLING DREWWENDT RONALDRWENGER JOHNDWENNER WILLWWENNINGHAM
DONALDGWENTELER ALANLWENTLING MATTHEWWENTZ BRIANFWENZELMAN LARRYLWENZL ZACHARYGWERDEN CHADWERKMAN DAVIDGWERKMEISTER TIMOTHYMWERLINGER ANDREWFREDRICKWERNER JULIANWERON
JOSHAWERTMAN STEPHANIEJWERTZ ROBERTEWESLEY JOSEPHDWESNESKE MARKEWESSINGER ADMANWESTIII BRIANLWEST CHRISTOPHERMWEST CURTISWEST DANWEST DIANNEHWEST DONALDRWEST JAMESWESTJR
MICHAELJWEST RDWAYNEWEST RALPHWEST SHAWNEWEST THOMASLWEST JOHNMATTHEWWESTBROOK ROBERTWWESTBROOKJR WAVERLEYRWESTBROOK DAROLDWESTBY CYNTHIAWESTENFELDT GERALDWESTERVELT
ROBERTWESTFALL CLAYTONWESTGATE GABRIELLEJWESTLAND KENMWESTMORELAND ALISHAWESTON EDDIERWESTON JOHNWESTON KENNETHWESTON PAULWESTON HAROLDWESTPHALJR EDWARDEWESTWOOD BRADLEYDWETHINGTON
JOHNGWETLIIII RAYLYNRWEYAND JEFFREYAWHALEN JERAMIEWHALEN MAURICEAWHALENSR SHEILAWHALEN ROBERTWHALING PERRYAWHALLEN KEVINMWHATLEY MARCUSLAVONWHATLEY BRIANJWHEELER BRUCEDWHEELERJR
CHRISTOPHEWHEELER CLAUDEMWHEELER CORYWHEELER DARRELLEWHEELER JAYEDWARDWHEELER JONATHANRWHEELER SHANEKWHEELER TAMMYMWHEELER VAUGHWHEELER WILLIAMWWHEELER FELIXAWHEELEY ASHLEYWHELEN
BURNETTERWHETSTONE CURTISKWHETSTONE CRAIGWHETTON JEFFERYBWHETZEL STEVEWHIPKEY JENNIFERWHIPPLE KEVINMWHIPPLE FRANKLINTWHITAKER GILBERTWHITAKERJR IVANRWHITAKER NATHANRWHITAKER
STEPHENMWHITAKER ADRIENEMWHITE ALFREDWHITE ALLISTERWHITE BLAINEWHITE BRADWHITE BRENDAKWHITE BRYANWHITE BRYANDWHITE CALVINLWHITE CHADMWHITE CHARLESWHITEJR CHARLESAWHITE CHARLESDWHITE
CHARLESTWHITE CHARLIELWHITE CHERYLWHITE CHRISTOPHERWHITE CHRISTOPHERAWHITE CLARENCEWHITE CLARENCETIMOTHYWHITE CODYWILLIAMWHITE CRAIGWHITE DANIELEWHITE DAVIDWHITE DAVIDWHITE DAVIDWHITE
DEANWHITE DEBORAHAWHITE DENNISRWHITE DENNISWWHITE DONALDWHITE DURANDLWHITE EDWARDWHITE EDWARDWHITE ERICAWHITE EVANWHITE GARYAWHITE GARYLWHITE GREGORYPWHITE JAMESKEVINWHITE JASONWHITE
JEFFEREYLWHITE JEFFREYLYNNWHITE JEFFREYRWHITE JEFFREYRWHITE JENNIFERKRISTENWHITE JOHNBWHITE JOSHUAWHITE KENDALLWHITE KENNETHWAYNEWHITE LINNWHITE NICHOLASDWHITE NICOLERWHITE PHILLIPDWHITE
RICHARDLWHITE RICHARDNWHITE RICHARDTWHITE ROBERTPWHITEJR ROBINWHITE RODBWHITE RYANWHITE RYANWHITE SEANANDRAYWHITE SEANCWHITE STACYEWHITE STEVEWHITE TAMMYAWHITE TERRYLWHITE
THOMASEWHITE THOMASSWHITE WALLACEWHITE WILLIAMWHITEIII DANAWHITEQUILLS MARLYNNWHITED REXWHITED ROBERTJWHITED ADRIANBWHITEHEAD JOSEPHAWHITEHEAD KRISTANAWHITEHEAD WILLIAMTWHITEHEAD
JEFFREYTWHITEMAN KENNETHJWHITESELL BARBARAANNWHITFIELD LOVELLWHITFIELDSR MITCHELLWWHITLEY RICHARDAWHITLEY CLINTONTWHITLOCK K ATHYLWHITMAN REBECCALWHITMAN COLLETTELWHITMARSH DANIELAWHITMER
ROBERTEWHITMIRE CHATLANDBWHITMORE RONALDJWHITSON GWENWHITTAKER JAMESWHITTEN DOUGLASWWHITTINGSR MICHAELLWHITTLE TIMOTHYLWHITTON JOEDWHITWORTHJR JOSHUABWHITWORTH MATHEWHWICHELT
PENNYJWICKER HEATHERWICKERT FARONLWICKETT JEFFREYEWICKETT TEDWICKLUNDJR KENNETHRWIDAJR RONALDWWIDDER JEFFREYLWIDDICOMBE LORINAWIDDISON BRIANDWIDHALM JOHNMWIDRIG BRADLEYMWIEBE
MICHAELPWIEBELHAUS SHAWNRWIEDEMAN NATHENJWIEDENFELD ALANWIEDERHOLT STEVENJWIEN DAVIDLWIENS JANETWIERSMA GERALDJWIESER CURTISJWIETING BILLYWIGFALL DANIELWIGGINS JILLAWIGGINS LONNIEMWIGGINS
MARCIALYNNWIGGINS MICHAELEWIGGINS RANDALLWIGGINS CHARLESWWIGHT MARKRWIGINGTON STEVENLWIGMAN DAVIDWIKLUND CHARLESRWILBANKS GLENNLWILBER WILLIAMLESLIEWILBORN JEFFREYAWILBUR SCOTTWILBUR
FREDJACKWILCOCKJR ADAMWILCOX RICHARDWILCOX RICHARDDWILCOX REXDWILCOXSON BENJAMINFWILD BRIANWILD JESSEWILDCAT FELIXSWILDER JAMESFWILDER MICHAELKWILDER NATHANGWILDER RICHARDEWILDER
ERNIEDWILDS STEVENHWILDS CHADCWILE ABRAHAMWILEY GREGORYMWILEY JOYCEMWILEY ROYEWILEY SHAWNAWILEY NICOLEWILHELM BRYANTWILIAMSON THOMASHWILKE JOHNWILKERSON JOHNRWILKERSON
JOHNNYRWILKERSON JOSEPHRWILKERSON KEVINRWILKERSON MICHAELWILKERSON RYANEWILKERSON ETTERCWILKES JACKWILKES LAWILKES LARRYMWILKES ROBERTCWILKES CHRISTOPHERSCOTTWILKINS JACOBPAULWILKINS
MATTHEWLWILKINS ROBERTAWILKINS DANIELRWILKINSON DARRELLWILKINSON DAVIDAWILKINSON JUSTINDWILKINSON SHAUNBWILKINSON ROBERTWILLARD CHARLESLWILLETT JEREMYDUANEWILLETT JOSEPHWALTERWILLETT
JUSTINRWILLETT RALPHEWILLETT ALFREDAWILLIAMS AMANDADWILLIAMS AMANDALEEWILLIAMS ANNETTEWILLIAMS ANTHONYCWILLIAMS ARNETAMARIEWILLIAMS BARRYRWILLIAMS BARTOWWILLIAMS BERNARDJWILLIAMS
BILLYRWILLIAMS BILLYJACKCARLTONWILLIAMS BOBBIELWILLIAMS BOBBYRWILLIAMS BRETHWILLIAMS BRIANKWILLIAMS BRODYJWILLIAMS CATHERINERWILLIAMS CHARLESGWILLIAMS CHERYLWARRENWILLIAMS CHRISTIANCHARLESWILLIAMS
CHRISTOPHERAWILLIAMS CHRISTOPHERDWILLIAMS CLARENCELWILLIAMS COREYWILLIAMS CURTISJWILLIAMS DANPWILLIAMS DANIELJWILLIAMS DANNYWILLIAMS DARYLEWILLIAMS DAVIDEWILLIAMS DAVIDJAMESWILLIAMS
DEONTWILLIAMS DONNAELLENWILLIAMS ELIEKWILLIAMS FRANKHWILLIAMSJR GARYLWILLIAMS GORDONDAVIDWILLIAMS GRANTSWILLIAMS HAROLDBWILLIAMS HAROLDLWILLIAMSJR HARRYLWILLIAMS HARVEYWWILLIAMS
HENRYJWILLIAMS IRVINCWILLIAMS JTWILLIAMS JABEZDWILLIAMS JACKHWILLIAMSJR JACKLWILLIAMS JACQUELINEKWILLIAMS JAMESWILLIAMS JAMESAWILLIAMS JAMESMICHAELWILLIAMS JAMESWWILLIAMS JASONCWILLIAMS
JERRYEWILLIAMS JESSEMWILLIAMS JIMMIEWILLIAMS JOEYBWILLIAMS JOHNCWILLIAMS JOHNCHRISWILLIAMS JOHNFRANKLINWILLIAMS JOHNMWILLIAMS JONMICHAELWILLIAMS JUANDAUNTEWILLIAMS JUDITHWILLIAMS KEITHWILLIAMS
KEITHDWILLIAMS KEITHPWILLIAMS KENWILLIAMS KENTBWILLIAMS KEVINWILLIAMS KIRKLWILLIAMS LARRYJOEWILLIAMSJR LOGANWILLIAMS LONNIEFWILLIAMS LOUISWILLIAMS LYNDAVWILLIAMS MARCAWILLIAMS MARCUSLWILLIAMS
MARIOWILLIAMS MARKPWILLIAMS MARKUSAWILLIAMS MARSHALLWILLIAMS MARSHALLLWILLIAMS MARTINGWILLIAMS MELINDASWILLIAMS MICHAELAWILLIAMS MICHAELDWILLIAMS MICHAELDWILLIAMS MILTONLWILLIAMS
MISTYWWILLIAMS MURRYWILLIAMSJR NATASHAWILLIAMS NELDADWILLIAMS NICHOLASCWILLIAMS NIKYWWILLIAMS PHILLIPJWILLIAMS RACHELWILLIAMS RALPHWILLIAMSJR RANDYWILLIAMS RANDYMWILLIAMS REGINALDWILLIAMS
RICKWILLIAMS ROBERTWILLIAMS ROBERTAWILLIAMS ROBERTSWILLIAMS ROBERTWWILLIAMS RODERICKWILLIAMS RONALDBRENTWILLIAMS RONNIELWILLIAMS ROWANWILLIAMS ROYWILLIAMSIII SAMMYEWILLIAMS SAMUELWILLIAMS
SARAHCWILLIAMS SCOTTEWILLIAMS SEANDWILLIAMS SELONEWILLIAMS SKIPPERRWILLIAMS SUMNERWILLIAMSIII SUSANWWILLIAMS TAMMYJWILLIAMS THOMASWILLIAMS THOMASAWILLIAMS THOMASCWILLIAMS TOMMYLWILLIAMS
WILLIAMAWILLIAMS WILLIEDWILLIAMS BILLWWILLIAMSONJR CHRISTINALWILLIAMSON CODYLWILLIAMSON DANIELLEEWILLIAMSON DIANEKWILLIAMSON DONALDRWILLIAMSON DUSTINSWILLIAMSON GARYLWILLIAMSON GREGORYWILLIAMSON
JASONWILLIAMSON JOHNAWILLIAMSONJR KENNETHGWILLIAMSON KIMBERLYKAYWILLIAMSON MARKEWILLIAMSON PAULDWILLIAMSON RAYNORHWILLIAMSON RONCWILLIAMSON STEPHENLWILLIAMSON TOMMYDWILLIAMSON
WADEDWILLIAMSON JAMESDWILLIE PHILLIPWAYNEWILLIFORDII JEREMYLEEWILLINGHAM MAGENLESHAWNWILLINGHAM MICHAELROSSWILLINGHAM A ARONWWILLIS ANTHONYPWILLIS CHARLESCHRISTIANWILLIS JAMIEWILLIS
KEVINWAYNEWILLIS RICHARDWWILLIS TAMMYGWILLIS WILLIAMKWILLIS GARYWILLOCK LISAWILLOUGHBY LOISMADELINEWILLS MARKWILLS SHANNONWILLS ALLENRWILMES KELLYJWILMOTH ANDREAWILSON ANDREWWWILSON
ANGELAGARNERWILSON ANGEL AJEANWILSON AUBREYLWILSON AUBREYWWILSON BENJAMINMWILSON BRENDAWILSON BROCKEWILSON BRYCEWILSON CHARLESCHRISTOPHERWILSON COLISHIASWILSON COREYSWILSON
CRAIGSCOTTWILSON DAMIENWILSON DANIELJWILSON DAVIDRWILSON DELTAAWILSON DENNISPAULWILSON DERRICKLWILSON DINEENWILSON DIXIELWILSON DONALDRWILSON EDWARDWILSON ERICWILSON ERICDWILSON
FREDERICKSWILSON GTWILSON GARRICKWAYNEWILSON GARYWILSON JAMESBWILSON JAMESRWILSON JAMESWWILSON JASONWILSON JEFFERYWILSON JEFFREYWILSON JERALDWAYNEWILSON JOETWILSONIII JOHNSWILSONJR
JOSEPHKWILSON JOSHUAALLENWILSON KAYMWILSON KEITHDWILSON KENNETHMWILSON KENTWILSON LEROYWILSON LOGANSHANEWILSON MARTHASWILSON MATTHEWLWILSONII MEAGANWILSON MELTWILSON MICHAELDWILSON
MICHAELDREWWILSON MICHAELEWILSON MICHAELWWILSON MICHAELWWILSON MICHAELWWILSON NATHANIELWILSON REBECCAWILSON RICHIELWILSON ROBERTBWILSON RYANWILSON SANDRAWILSON TADGWILSON
TRACEYLWILSON WAYNELWILSON KENNETHWILTZ BENJAMINMARKWIMPEE LEEHWINANS JOHNDWINBERRY TERIANNWINBORNE BOBBYLWINCHESTER DAVIDWINCHESTER MICHAELAWINCHESTER TRAVISLWINCHESTER ERICEWINDHAM
MARVINRWINDHAM MICHAELCWINDHAM CLYDEFWINDLEY JERRYMWINFIELD MILTONAWINFIELD BARTRWINGATE GREGORYNWINGATE TRAYBWINGO MATTHEWPWINIKATES JESSEWININGER DALEAWINKEL DIETERWINKELS
BRIANWINKLER KARLTWINKLER ANTHONYLWINN EDWINHWINSETT ALVINRWINSLOW CHARLESEVANWINSLOW EMILYFWINSTEAD GEORGELWINSTEAD KEITHRWINTER PAULHWINTERMUTE JAMESDANIELWINTERS ROBERTSWINTERS
BRUCEJWIRTH CASSIDYCWISE DAVIDFWISESR LYDIAAWISE RICHARDAWISE ROBERTJWISE TODDWISE ADAMWISEMAN JENITAWISEMAN JAMESJWISER CASEYWISNIEWSKI ELIZABETHCWISNIEWSKI JOZEFWISNIEWSKI
TIMOTHYJWISSINGER LARRYWITHEM JONATHANDWITHEROW LAINEWITHERS JODYWITHROW MICHAELRWITTEN JORDANWITTERS JAMESLWITUCKI DONOVANWITZEL KENWITZENMAN LOUISOWITZLEB MARTINWLODARSKI
DENNISRWOEBBEKING MARILYNWOESSNER JASONMWOFFORD JOSHUAANDREWWOFFORD DAVIDVWOHL GEORGEEWOHL EARLRAYMONDWOKUTCH JOSEPHWOLD KARENAWOLDAHL DALEWOLF EDWARDDOUGLASWOLF MARCIAWOLF
SHAUNERLEWOLF TODDAWOLF ADAMJWOLFE ANDREWMWOLFE BRADEWOLFE CARLDWOLFE GEORGEWOLFE JIMWOLFE MICHAELGWOLFE PAULAWOLFE RANDYBWOLFE TIMOTHYRWOLFE URIAHTWOLFE ANTHONYDWOLFF
THOMASRWOLFF JEROMEDUANEWOLFORD MICHAELAWOLKOFF ANTHONYWWOMACK JOSEPHTWOMACK THOMASHWOMACKJR BRUCEWOMER LARRYEWONDERLY ALANWOO ARLANDIWOOD BLANEKWOOD BRANDONWOOD
BRENNANHWOOD CASEYWWOOD CHRISTOPHERBWOOD CLAYTONWWOOD DANNYGWOOD DAVIDQWOOD DAVIDSWOOD DEBRAAWOOD DONALDJWOOD EDENWOOD GEOFFWOOD JAMESRWOOD JOSEPHWOOD JOSEPHAWOOD
JOSHAUAWOOD KELLYDONWOOD LANCELWOOD LANDENLWOOD LINDAWOOD MITCHELLWWOOD NATHANWOOD RONNIEKWOOD SHANEKWOOD TREVORLWOOD T YLERWOOD WILLIAMWOOD WILLIAMWWOOD BRETTWOODALL
BRIANWWOODALL JOHNMWOODALL JOSEPHDWOODALL L ARRYWOODALL BRIANWOODARD COREYWOODARD ELSIEDWOODARD JAMESEWOODARD JAREDWOODARD JESSEMWOODARD JULIEMWOODARD KURTAWOODARD
LESLIEWOODARD RONNIEAWOODARD JAMESRWOODBYII SHAWNWOODCOCK JOHNPWOODCOX TAMMYLYNNWOODFILL ALECWOODFORD PAULJWOODHAM DELBERTALLANWOODLEYJR LORENTWOODRING SCOTTGWOODRING
MARVINLWOODROME CHADWWOODROW DELRAYWOODRUFF FRANKLINLWOODRUFFJR JOSHUAMWOODRUFF BRADLEYAWOODS CLARENCEWOODS GEOWELLWOODS GWYNNEFAILEWOODS JAMIECWOODS JASONAWOODS
JOSEPHAWOODS LEONWOODS MICHAELSWOODS STEPHENRWOODS TRAVISWOODS WILLIEWOODS JAREDJWOODWARD SHANEDWOODWARD WILLIAMWWOODWARDII DENNISHWOODY JOHNMWOODY NICHOLASJWOOLARD
DANIELROBERTWOOLBRIGHT MARKLWOOLDRIDGE MERLELEEWOOLDRIDGE ANDREWWOOLERY NATHANMWOOSTER ANTHONYWOOTEN FREDDIELEVONWOOTEN WESLEYTWOOTEN BRUCEAWORK CHRISTYWORKMAN JERRYDWORLEY
JERRYWWORLEY PAULDWORLEYJR JOSEPHWWORMAN EDGARRWORRELLJR MILTONLWORSLEY CLIFFORDPWORSTER ERICNWORTHAM MARVINAWORTKOETTER KENNYPWORTZ DOUGLASRWOSLAGER CHARLESWOSS
FRANKFWOSZCZYNSKI MARVINDWOUDWYKJR KATHLEENAWRAGGE BRIANKWRAY GARYWRAY MICHAELWWRAY CLAYWREN GARYLWRENJR JOSHUACWREN WILLIAMWREN JAMESDWRIEDT ADAMCOREYWRIGHT ALLENRWRIGHT
BRIANEWRIGHT CHARLESJWRIGHT DANNYKWRIGHTII DARRYLDWRIGHT DAVIDWRIGHT DAVIDEWRIGHT DONDRALWRIGHT ELIZABETHWRIGHT ELIZABETHJOYWRIGHT ERICDWRIGHT ERNESTMWRIGHT GLENNMWRIGHT GRANTDWRIGHT
GREERJWRIGHT GREGORYAWRIGHT JASONWRIGHT JENNIFERWRIGHT JEREMYMWRIGHT JERRYFWRIGHT JOEWRIGHT JOSIAHJWRIGHT JULIEAWRIGHT KENNETHBWRIGHTJR KRISTOPHERLWRIGHT LOUISCWRIGHTJR MARTINWRIGHT
MATTHEWAWRIGHT MELVINWRIGHT MICHAELWWRIGHT NATHANIELJWRIGHT PATRICKWRIGHT RAYANDERSONWRIGHTJR RAYCWRIGHT RAYMONDWWRIGHTJR RICKYDWRIGHT ROBERTWRIGHT ROBERTAWRIGHT ROBERTJWRIGHT
RYANWRIGHT TERRYLWRIGHT THOMASJWRIGHTJR TOMFWRIGHTII JAMESWWRIGHTSMAN ROYWWRIGHTSMAN STEVENWRISLEY JUDYWRISTEN LAWRENCEJWRONA MICHAELWU RICHARDXINWU JAREDWUNTSCH MICHAELWYATT
ROBERTWYATT RODNEYWYNNEWYATT MARIOJWYCHE CHERYLRWYERS JEFFREYEWYETH MICHELLELWYKOFF RODNEYNWYKOFF DOUGLASDWYLIE GARYBWYLIE JUSTINSWYLIE SEANAWYMAN JACKWYNEGAR SHAWNDWYSZYNSKI
JIANXINXAYAVETH PRIMITIVOXIJUN DONALDYABLONSKY MICHAELYACONIELLO CHARLESAYAEGER BAKARYYAFFA FALLONTYAGER JACQUELINESYAGER BRYANAYAHR ANDREYYAKOBCHUK TOZOYAMAMOTO XUYAN LISAJYANCY
LUISGYANEZ ROBERTFYANIK JAMESYANKE YAYASITYANOTHAI MARKYANRUW ROBERTJYAP ERNESTYAP CHUNG ALTONYARBOROUGH ERICDYARBOROUGH SCOTTYJYARBOROUGH SHAWNLYARBOROUGH SYDNEYKEVANYARBOROUGH
DONALDLYARBROUGH ERICKRYARBROUGH ERNIEPATRICKYARBROUGH DONALDJYARNELL ADAMYASINSKI MYLESYASINSKI CHARLESEYATES DARRELLAYATES GEORGEEYATES JAMESBYATES JAMESBYATES JULIEBYATES
RICHARDLYATES XIAOYANGYE DONALDGYEAGER CORTNEYYEAKEL MICHAELRYEARSLEY BRENNENMYEATES DUANEAYELLIN GLENNYELLOWHAIR PETERDYENCH MICHAELJYENNE JAMESEYERKES TRACYLYETTER MAURICEEYEZAK
RAYYIP LOUISYISKIS BRADJYOCUM BRYANDENNISYODER CALVINYODER CALVINLYODER CRAIGEYODER GARYLYODER KENNETHIYODER KEVINHYODER LESTERYODERJR LESTERYODERSR NATHANIELAYODER JAMESAYONTZ
CHAANGWOOYOO ROBERTLYORGENSEN BRADAYORK DONALDYORK GREGORYYORKJR JAMESJYORK JAMESOYORK LINDAYORK SERGEYORKELL ROGERTYORKS MICHELLEYOUCK KEITHAYOULER DAVIDYOUMANS ALEXANDERYOUNG
AQUELIUSYOUNG BRIANYOUNG CHRISTOPHERDYOUNG CHRISTOPHERWYOUNG DAVIDBRADLEYYOUNG GARYWYOUNG GEORGEAYOUNG HUBERTAYOUNG JAMESYOUNG JAMESYOUNG JAMESAYOUNG JAMESRYOUNG
JAMESWAYNEYOUNGJR JERRODWYOUNG JOSEPHUSEYOUNG KEITHMYOUNG LARRYWAYNEYOUNG LONGYOUNG MATTHEWAYOUNG MICHAELDYOUNG MICHAELJYOUNG MICHELEYOUNG PAULRYOUNG RICHARDLYOUNG
ROGERYOUNG SARAHEYOUNG SEANYOUNG STEPHENYOUNG THOMASWYOUNG TODDCYOUNG VICKIELYOUNG WALTERYOUNG WAYNEYOUNG WENDYYOUNG WENDYYOUNG WILLARDGYOUNG WILLIAMKYOUNG ZACHARYYOUNG
DAVIDYOUNGBERG RANDYDYOUNGBLOODJR ROYMYOUNGBLOOD DOUGLASKYOUNGER RICHARDSYOUNGER BRIANTYOUNGS KENNETHAYOUNGS DANIELCHIKITYU QIULINYU XINAYU DIANALYURT BRIANAYUST HASSANYUSUF
JAMESVZACCARIO BYRONDZADAI FRANCZADRAVEC MILESDZAHRADNIK AMYNZAK MANUELAZALDANA HUGOZAMBRANO VIDALZAMBRANOJR ANTONIOZAMORA ANTONIOZAMORA JAVIERZAMORA JOSEZAMORA JUANJZAMORA
MICHAELZAMORA MIKEZAMORAJR OSCARZAMORA OSCARZAMORAESPINOZA RODOLFOZAMUDIOMENDOZA STEVEPZANDER RUDOLPHZANGERL JEANMARCZANNI HECTORZAPATA ANTHONYZAPPALA REFUJIOVZARATE SERGIOZARATE
BRIANEZARBAUGHJR JAREDRZARTMAN ROBERTLZASADA KYLEJZAUTKE SHERRISZAUTKE ALFONSOZAVALA ALONSOZAVALA EDGARZAVALA DAVIDZAVALAMARTINEZ TREVORZAVITZ BILLZAWYDIWSKI GERARDOZAYAS EDUARDOZEA
ANGELAZEHR BARNEYDZEIGLER BRIANEZEIGLER THOMASMZEIGLER LEWISAZEITERS EDWINZELAYA RAYMUNDOZELAYA DAVIDLAURENCEZELHART ANDREWRZELINA GREGORYSZELLER LAWRENCEZEMCIK DAVIDZEPEDA OSWALDOZEPEDA
JORGEZEQUEIRA KIPPZERKLE MATTHEWFZERKLE ERICZERNIKOW ROBERTSZERUTH JIANZHANG LIXUANZHENG QIONGZHU JOHNFZICKGRAF JAREDZICKOWSKI CHRISTOPHERZIEGLER STEVENTZIEGLER MELDEANJZIEHMER
DAVIDAZIELINSKI JAMESSZIELINSKI KIMZIELINSKI TERRANCEAZIEMAN JERRYZILER STEVENZILEWICZBOUZAN KELLYDZILLES BRIANJZIMMERMAN BRUCEAZIMMERMAN DENNISZIMMERMAN JONLZIMMERMAN MIKEHZIMMERMAN
RICHARDZIMMERMAN RODNEYLZIMMERMAN RYANWZIMMERMAN NATHANIELLZIMMERMANN JEFFREYJZINK JUSTINAZINK TIMOTHYIZINK THOMASGZINKHON DOUGLASGZINN RICHARDRZINN MARYJOZINT ALDISZIRNITIS
MICHAELZITTING JEFFREYPZIVNEY GARYZOLLERJR ZEHBOZORNIC JAMESZOUBEK JAYZUNDEL FRANCISCOZUNIGA ROBERTTZUNIGA CHARLESEZURCHER PETERZWETSLOOT LAVERNRZWINGMAN ANDRZEJZWOLAK LAWRENCEZYLENKO

Table of contents

  • Page 1
    2008 ANNUAL REPORT CHRISTOPHER C WAINWRIGHT JOHN C WAINWRIGHT TRAVIS M WAIT JAMES M WAITE MATTHEW D WAITE DAVID A WAITES VUYANI S WAKABA JIM T WAKE JEFFREY A WAKEFIELD CARL WALAG MICHAEL G WALBRIDGE MICHAEL WALDEN BOBBY J WALDING DONALD W WALDNER DANIEL R WALDON JAMES R WALDREP JUSTIN ONEAL WALDREP...

  • Page 2
    ... J BEAN YANCY W BEAN ORVAL BEAR CHAD D BEARD DANNY R BEARD JAMES ALAN BEARD JAMES R BEARD RANDY T BEARD SAMUEL T BEARD STEVE BEARD THOMAS STEPHEN BEARD STUART CASEY BEARDEN ADALBERTO BEAS GEORGE BRIAN BEASLEY SHANE A BEASLEY ROBERT G BEASON PATRICIA BEATTIE LAUREN BEATTY RANDEL G BEATTY DANNY EARL...

  • Page 3
    ...Employees Financial Highlights To Our Stockholders Operations Review: Steel Mills Segment Bar Mills, Sheet Mills, Structural Mills and Plate Mills Steel Products Segment Reinforcing Products Steel Mesh, Grating and Fastener Vulcraft and Verco Buildings Group and Light Gauge Steel Framing Cold Finish...

  • Page 4
    ... taxes Net earnings Per share: Basic Diluted Dividends declared per share Percentage of net earnings to net sales Return on average equity Capital expenditures Depreciation Acquisitions (net of cash acquired) Sales per employee AT YEAR-END Working capital Property, plant and equipment, net Long...

  • Page 5
    ... reporting, together with an operational culture focused on safety, quality, efficient low-cost production and continual improvement. They also include the disciplined execution of a multi-pronged growth strategy, which we will review for you shortly. Nucor's strong financial performance in 2008...

  • Page 6
    ... construction of our second Castrip® facility in Arkansas, and we commenced operations at a Building Systems plant in Utah and a special bar quality mill in Memphis. We also announced the opening of the previously idle Kingman, Arizona, rolling mill we acquired in 2003, with operations scheduled...

  • Page 7
    ... but we are never satisfied. Environmental Stewardship Nucor is the largest recycler in North America with approximately 20 million tons of scrap iron and steel converted into new products in 2008. As the largest electric arc furnace based steel producer in North America, Nucor is a major reason the...

  • Page 8
    ... this by being the safest, highest quality, lowest cost, most productive and most profitable steel and steel products company in the world. We are committed to doing this while being cultural and environmental stewards in our communities where we live and work. We are succeeding by...

  • Page 9
    ...-Nucor S.r.l., is Nucor's first investment in steel manufacturing outside of North America. And the $1.44 billion purchase of The David J. Joseph Company, a provider of scrap processing, brokerage and other services, is the largest acquisition in Nucor's history. Dan and Terry discuss these growth...

  • Page 10
    ... sEGmENT BAR miLLs, sHEET miLLs, sTRUcTURAL miLLs AND PLATE miLLs Nucor operates scrap-based steel mills in 22 facilities. With production of 20.4 million tons in 2008, Nucor is North America's largest recycler. BAR miLLs sHEET miLLs cAsTRiP miLLs BEAm miLLs PLATE miLLs NUcOR cORPORATE OfficE

  • Page 11
    ...in the United States. Recycled steel scrap and other metallics are melted in electric arc furnaces and poured into continuous casting systems. Highly sophisticated rolling mills convert the billets, blooms and slabs into rebar, angles, rounds, channels, flats, sheet, beams, plate and other products.

  • Page 12
    ... the steel mills' production in 2008 was sold to outside customers, and the balance was used internally by the Vulcraft, Cold Finish, Rebar Fabrication, Buildings Group and Fastener divisions. Steel shipments to outside customers decreased 10% to 18,185,000 tons in 2008 from 20,235,000 tons in 2007...

  • Page 13
    ... 05 06 07 08 STEEL PRODUCTION 21,000 22,500 16,800 18,000 12,600 13,500 8,400 9,000 thousands of tons 4,200 thousands of tons 4,500 year 99 00 01 02 03 04 05 06 07 08 year 99 00 01 02 03 04 05 06 07 08 STEEL SHIPMENTS TO OUTSIDE CUSTOMERS TOTAL STEEL SHIPMENTS

  • Page 14
    12 sTEEL PRODUcTs sEGmENT REiNfORciNG PRODUcTs BUiLDiNGs GROUP VULcRAfT & VERcO cOLD fiNisH sTEEL mEsH, GRATiNG & fAsTENER HARRis cORPORATE OfficE NUcOR cORPORATE OfficE

  • Page 15
    ... had annual rebar fabrication capacity of about 770,000 tons. Harris Steel is operating as a growth platform for Nucor in the rebar fabrication business. In August 2008, Harris Steel acquired all of the issued and outstanding common shares of Ambassador Steel Corporation for a cash purchase price of...

  • Page 16
    ...building construction. OPERATiONs Steel joists and joist girders are produced and marketed nationally through seven Vulcraft facilities located in South Carolina, Nebraska, Alabama, Texas, Indiana, Utah and New York. Current annual production capacity is approximately 715,000 tons. In 2008, Vulcraft...

  • Page 17
    15 625 500 500 400 375 300 250 200 thousands of tons 125 thousands of tons 100 year 99 00 01 02 03 04 05 06 07 08 year 99 00 01 02 03 04 05 06 07 08 STEEL JOIST PRODUCTION STEEL DECK SALES

  • Page 18
    ...components throughout the U.S. Prior to 2007, Nucor had a single brand, Nucor Building Systems, which consisted of three facilities in Indiana, South Carolina and Texas. During the first quarter of 2008, Nucor's Brigham City, Utah, facility began its operations, adding 30,000 tons to annual capacity...

  • Page 19
    ...nished bar and operates related businesses servicing the construction and OEM markets in North America. The total capacity of the Nucor cold finish bar and wire facilities is approximately 860,000 tons per year. In 2008, sales of cold finished steel products were a record 485,000 tons, an increase...

  • Page 20
    ... the past several years, Nucor has executed a raw materials strategy to control the supply of high-quality metallics for consumption at the steel mills. TRINIDAD scR AP PROcEssiNG BROkER AGE OfficEs* NU-iRON UNLimiTED OTHER DJJ cORPOR ATE OfficE NUcOR cORPOR ATE OfficE *Hong Kong office...

  • Page 21
    ... of these businesses have strategic value to Nucor as the most diversified North American steel producer. Nucor's direct reduced iron ("DRI") plant, Nu-Iron Unlimited, is located in Trinidad and has an annual capacity of 1,800,000 metric tons. The Trinidad site benefits from a low-cost supply of...

  • Page 22
    ...nonferrous metals, pig iron and other scrap substitutes; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Hot-rolled steel is manufactured principally from scrap, utilizing electric arc furnaces, continuous casting and automated rolling mills. In 2008, approximately 81% of the tons...

  • Page 23
    ... in the average sales price per ton from $659 in 2007 to $907 in 2008, partially offset by a 10% decrease in steel sales to outside customers. Although outside steel shipments decreased 10%, total production levels at the steel mills only decreased 7% due to an increase in the tons supplied to Nucor...

  • Page 24
    ... our Castrip facility in Blytheville, Arkansas, the construction of a galvanizing line at our Decatur, Alabama, plant and the start-up of our building systems plant in Brigham City, Utah. In 2007, these costs primarily related to the HIsmelt project, the construction of our Memphis SBQ mill and the...

  • Page 25
    ... joint venture in Australia. The HIsmelt process is a blast furnace replacement technology that has the potential to be a hot-metal source for electric arc furnaces. In December 2008, production at the HIsmelt plant was suspended due to market conditions. Given the uncertain outlook for the pig iron...

  • Page 26
    .... In 2007, these costs primarily related to the HIsmelt project, the construction of our SBQ mill in Memphis, Tennessee, and the startup of our building systems plant in Brigham City, Utah. In 2006, these costs primarily related to the refurbishment and start-up of our DRI facility in Trinidad and...

  • Page 27
    ... capacity will be sufficient to fund expected normal operating costs, working capital, dividends and capital expenditures for our existing facilities. Any future significant acquisitions could require additional financing from external sources. During 2008, cash and cash equivalents increased...

  • Page 28
    ... DJJ and Harris Steel as growth platforms for the raw materials and steel products segments, respectively. In 2008, Nucor acquired 50% of the stock of Duferdofin-Nucor S.r.l. for $667.0 million. In the first quarter of 2007, Nucor sold its interest in Ferro Gusa Carajás S. A., a pig iron joint...

  • Page 29
    ... value. Prior to the acquisition of Harris Steel, Nucor was principally a domestic manufacturer of steel and steel products with customers located primarily in the U.S. Nucor was exposed to currency ï¬,uctuations, however, due to its joint ventures in Brazil and Australia and the direct reduced iron...

  • Page 30
    ... bar mill in Memphis, the Decatur sheet mill's galvanizing facility and the Castrip plant in Arkansas. With construction of these projects substantially completed, our capital spending for 2009 is expected to decline; however, we continue to invest capital in our core operations to keep them state...

  • Page 31
    ...of cost or market. All inventories held by the parent company and Nucor-Yamato Steel Company are valued using the last-in, first-out (LIFO) method of accounting except for supplies that are consumed indirectly in the production process, which are valued using the first-in, first-out (FIFO) method...

  • Page 32
    ...00 01 02 03 04 05 06 07 08 W O R K I N G C A P I TA L P R O P E R T Y, P L A N T A N D E Q U I P M E N T 3,500 8,000 2,800 6,400 2,100 4,800 1,400 3,200 millions of dollars millions of dollars 700 1,600 year 99 00 01 02 03 04 05 06 07 08 year 99 00 01 02 03 04...

  • Page 33
    ... 03 04 05 06 07 08 year 99 00 01 02 03 04 05 06 07 08 NET SALES NET EARNINGS 1,000 500 800 400 600 300 400 200 millions of dollars millions of dollars 200 100 year 99 00 01 02 03 04 05 06 07 08 year 99 00 01 02...

  • Page 34
    ... 8 Product sheet Bar structural Plate Total s T E E L P R O D U c T s c A PA c i T Y 2 0 0 8 Product Thousands of Tons 1,563 860 715 530 465 233 90 75 4,531 Thousands of Tons 10,800 8,910 3,700 2,800 26,210 Rebar fabrication cold finish Joist Deck Buildings Group steel mesh Grating fastener Total...

  • Page 35
    ... per share: Basic Diluted Dividends declared per share Percentage of net earnings to net sales Return on average equity Capital expenditures Acquisitions (net of cash acquired) Depreciation Sales per employee AT YEAR-END Current assets Current liabilities Working capital Cash provided by operating...

  • Page 36
    ..., 2008. In making this assessment, management used criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework. Our evaluation did not include the internal controls over financial reporting of The David J. Joseph Company...

  • Page 37
    ... in Management's Report on Internal Control Over Financial Reporting, management has excluded The David J. Joseph Company from its assessment of internal control over financial reporting as of December 31, 2008 because it was acquired by the Company in a purchase business combination during 2008. We...

  • Page 38
    ... BALANcE sHEETs December 31, 2008 (in thousands) 2007 AssETs cURRENT AssETs: Cash and cash equivalents (Note 15) Short-term investments (Notes 4 and 15) Accounts receivable, net (Note 5) Inventories, net (Note 6) Other current assets (Notes 14, 15 and 20) Total current assets PROPERTY, PLANT AND...

  • Page 39
    cONsOLiDATED sTATEmENTs Of EARNiNGs 37 cONsOLiDATED sTATEmENTs Of EARNiNGs Year Ended December 31, 2008 (in thousands, except per share data) 2007 2006 NET sALEs cOsTs, EXPENsEs AND OTHER: Cost of products sold Marketing, administrative and other expenses Impairment of non-current assets (Note ...

  • Page 40
    ... Adjustment to initially apply FIN 48 Stock options exercised Issuance of stock under award plans, net of forfeitures Amortization of unearned compensation Treasury stock acquired Cash dividends ($2.44 per share) BALANCES, December 31, 2007 Comprehensive income: Net earnings in 2008 Net unrealized...

  • Page 41
    ... Accounts payable Federal income taxes Salaries, wages and related accruals Other Cash provided by operating activities iNVEsTiNG AcTiViTiEs Capital expenditures Sale of interest in affiliate Investment in affiliates Disposition of plant and equipment Acquisitions (net of cash acquired) Purchases...

  • Page 42
    ... a manufacturer of steel and steel products, as well as a scrap processor, with operating facilities and customers primarily located in North America. Principles of consolidation The consolidated financial statements include Nucor and its controlled subsidiaries, including Nucor-Yamato Steel Company...

  • Page 43
    ... meet hedge accounting criteria, the change in fair value is recognized immediately in earnings in the same line as the underlying transaction. Revenue Recognition Nucor recognizes revenue when products are shipped, which represents when title and risk of loss have passed to the customer, and when...

  • Page 44
    ... charges; accounting for in-process research and development, contingent assets and liabilities, and contingent consideration; and how adjustments made to the acquisition accounting after the transaction are reported. For Nucor, this statement applies prospectively to business combinations occurring...

  • Page 45
    ... of the stock of SHV North America Corporation, which owns 100% of The David J. Joseph Company ("DJJ") and related affiliates, for a purchase price of approximately $1.44 billion in February 2008. DJJ has been the broker of ferrous scrap for Nucor since 1969. In addition to its scrap processing and...

  • Page 46
    ... purchase price of approximately $667.0 million. Duferdofin - Nucor operates a steel melt shop with a bloom/billet caster and two rolling mills in Italy. Nucor accounts for this investment using the equity method (see Note 9). 2007 In 2004, Nucor acquired a one-half interest in the rebar fabricator...

  • Page 47
    ... the purchase price to the individual assets acquired and liabilities assumed. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of Harris Steel as of the date of acquisition: As of the date of acquisition Current assets Property, plant and...

  • Page 48
    ... subsidiary of Nucor acquired Magnatrax Corporation, a leading provider of custom-engineered metal building systems with seven fabricating plants located across the U.S. for a cash purchase price of $275.2 million. In October 2007, Nucor acquired substantially all the assets of Nelson Steel, Inc...

  • Page 49
    ...732,045 Goodwill resulting from the acquisition of DJJ accounts for almost all of the increase in goodwill in 2008 and is presented based upon Nucor's final purchase price allocation. Approximately $630.9 million of the goodwill attributable to the acquisition of DJJ has been allocated to the raw...

  • Page 50
    ... joint venture in Australia. The HIsmelt process is a blast furnace replacement technology that has the potential to be a hot metal source for electric arc furnaces. In December 2008, production at the HIsmelt plant was suspended due to market conditions. Given the uncertain outlook for the pig iron...

  • Page 51
    ... dilution of the acquiring person's or group's interest by providing that other holders of Nucor common stock may purchase, at an exercise price of $150, Nucor common stock, or in the discretion of the board of directors, Preferred Stock, having double the value of such exercise price. Nucor will be...

  • Page 52
    ... gas purchase contracts will primarily supply our direct reduced iron facility in Trinidad. In the first half of 2008, the Company entered into a series of forward foreign currency contracts in order to mitigate the risk of currency fluctuation on the anticipated joint venture with the Duferco Group...

  • Page 53
    ... the grant date and have a term of seven years. Nucor did not grant any options during 2008, 2007 or 2006. A summary of activity under Nucor's stock option plans is as follows: (shares in thousands) Year Ended December 31, shares 2008 WeightedAverage Exercise Price shares 2007 WeightedAverage...

  • Page 54
    ... termination of employment with Nucor. A summary of Nucor's restricted stock activity under the AIP and LTIP is as follows: (shares in thousands) Year Ended December 31, shares 2008 Grant Date fair Value shares 2007 Grant Date fair Value shares 2006 Grant Date fair Value Restricted stock awards...

  • Page 55
    ... on the closing stock price of Nucor's common stock on the day before the grant. A summary of Nucor's restricted stock unit activity is as follows: (shares in thousands) Year Ended December 31, shares 2008 Grant Date fair Value shares 2007 Grant Date fair Value shares 2006 Grant Date fair Value...

  • Page 56
    ... Taxes computed at statutory rate State income taxes, net of federal income tax benefit Resolution of prior year contingencies Federal research credit Domestic manufacturing deduction Other, net Provision for income taxes 2008 35.00% 2.34 - (0.06) (2.22) (0.68) 34.38% 2007 35.00% 1.99 - (0.06) (2.02...

  • Page 57
    ... and accrued interest and penalties, which was accounted for as an increase in the January 1, 2007 retained earnings. At the adoption date, Nucor had approximately $92.4 million of unrecognized tax benefits, of which $90.2 million would affect Nucor's effective tax rate, if recognized. At December...

  • Page 58
    ... steel in sheet, bars, structural and plate, and Nucor's equity investment in Duferdofin-Nucor. The steel products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finish steel, steel fasteners, metal building systems, light gauge steel framing...

  • Page 59
    ... customers: Steel mills Steel products Raw materials All other 2008 $16,477,900 4,339,524 2,403,075 442,825 $23,663,324 2007 $13,311,212 3,051,648 - 230,116 $16,592,976 2006 $13,025,123 1,726,147 - - $14,751,270 Intercompany sales: Steel mills Steel products Raw materials All other Corporate...

  • Page 60
    ... States All other 2008 2007 $3,813,035 318,826 $4,131,861 $2,887,760 345,238 $3,232,998 Net sales by product were as follows. Further product group breakdown is impracticable. (in thousands) Year Ended December 31, Net sales to external customers: Sheet Bar Structural Plate Steel products...

  • Page 61
    ...Jr. Vice Chairman The Procter & Gamble Company Daniel R. Dimicco Chairman, President and Chief Executive Officer Nucor Corporation Harvey B. Gantt Principal Partner Gantt Huberman Architects, PLLC Victoria f. Haynes President and Chief Executive Officer Research Triangle Institute James D. Hlavacek...

  • Page 62
    ... Utah, LLC Brigham City, Utah Robert L. Angotti Vice President of Nucor Executive Vice President of The David J. Joseph Company Thomas J. Batterbee General Manager Nucor Building Systems Division Terrell, Texas James R. Beard Vice President, General Manager Vulcraft Division Florence, South Carolina

  • Page 63
    ... Nucor-Yamato Steel Company Blytheville, Arkansas michael D. keller General Manager Nucor Steel Auburn, Inc. Auburn, New York Ronald k. kuenkler General Manager Nucor Building Systems Division Waterloo, Indiana James R. Landrum Vice President, General Manager Vulcraft Division Grapeland, Texas...

  • Page 64
    ... Rexford Road Charlotte, North Carolina 28211 Phone 704/366-7000 Fax 704/362-4208 sTOck PRicE AND DiViDENDs PAiD first Quarter second Quarter Third Quarter fourth Quarter sTOck TRANsfERs DiViDEND DisBURsiNG DiViDEND REiNVEsTmENT American Stock Transfer & Trust Company 59 Maiden Lane New York, New...

  • Page 65
    ...WILLIAM R SIMS JOHN HOWARD SINCERBEAUX ALEXANDER G SINCLAIR JOSEPH SINCLAIR JAMES J SINEATH III CARL BRANDON SING BLAINE SINGER CHRIS SINGER STEPHEN SINGER ABHAY SINGH MARCUS SINGH PARBHJIT SINGH TARA SINGH VITRA SINGH MARVIN E SINGLETARY RICHARD L SINGLETARY TERRY J SINGLETARY CHRISTINE A SINGLETON...

  • Page 66
    ... WILLIAM JOSEPH STOCK RICKY LEWIS STOCKBERGER KENNETH J STOCKS DOUG J STODDARD JEFFREY STODDARD DONALD STOFFEL MARIJANA STOJANOVIC JAMES DUANE STOKER AARON STOKES ADAM STOKES CHRISTOPHER LD STOKES GEORGE D STOKES JOHN G STOKES LORIANN STOKES NATHAN STOKES TRAVIS STOKES BRETT M STOLER DAVID R STOLP...

  • Page 67
    ... JOHN MICHAEL BRIDGEFORTH DAVID W BRIDGES GREGORY B BRIDGES JARED H BRIDGES MARY B BRIDGES RICKY L BRIDGES TERRY BRIDGEWOOD ALAN D BRIDGMON ALEX R BRIEL GEORGE BRIER JEFFERY A BRIER DOUGLAS BRIERLEY BODEAN N BRIGGS GREG BRIGGS JOSEPH C BRIGGS DALE C BRIGHT DAPHNE D BRIGHT JAMES A BRILEY RONALD...

  • Page 68
    ... JEAN D'AOUST DEREK DARASKA JACOB E DARBY JOHN LEWIS DARBY TERRY A DARBY DOMINIC DARIZ TYLER DARLINGTON BRYAN S DARNELL JASON L DARROW JAMES R DARSEY SHAR A DARWISH MICHAEL A DASGUPTA JOSE DASILVA JUVENCIO DASILVA NEENA R DASS TOMMY L DATES ALEXANDRE DAUDE LARRY R DAUDET DEBORAH B DAUGHTRIDGE GIFFIN...

  • Page 69
    ... NORRIS MICHAEL NORSBY KEN NORSKOG DAVID A NORTH JANET S NORTH RICHARD GRANT NORTH JOSEPH M NORTHCOTT TONY NORTHCOTT RON V NORTHCUTT ANDRE B NORTHINGTON JEFFREY D NORTHRUP JR PATTON E NORTHRUP III JAMES DAVID NORTON JERRY C NORTON KAY L NORTON THOMAS DAVID NORTON EDWARD NORWOOD PAMELA L NORWOOD...

  • Page 70
    ... JOSE ROLANDO CHAVEZ ERIC D ROLF JANICE A ROLLER WESLEY S ROLLINGS DAVID LEE ROLLINS JAMES E ROLLINS JAMES LAWRENCE ROLLINS JOSEPH M ROLLINS JOSHUA DAVID ROLLINS PEGGY C ROLLINS PHILLIP M ROLLINS ROBERT ANDY ROLLINS KELLY P ROLOFSON JAMES E ROLOSON JERRY ROMAN JON M ROMANOVICH ANDREW ROMANYK SHELLEY...

  • Page 71
    ... A DODGE DAVID CLAY DODGEN JESSIE W DODGEN DOUGLAS L DODSON RAY DODSWORTH DOUGLAS S DOERR GRANT S DOERR JUSTIN DOHERTY LEONARD DOIRON JOSEPH DOLAN MIKE DOLAN REBECCA K DOLAN D'MITRIEVA T DOLBERRY ANDREW D DOLDER CHARLES FRED DOLE JR RORY DOLE RICHARD L DOLESH AUDRA R DOLLAHAN JAMES R DOLLAR LUANN...

  • Page 72
    ... CLARENCE BILL GRANGER MICHAEL C GRANGER RUSSELL GRANNUM COREY G GRANQUIST CHARLES GRANT CHARLES LOUIS GRANT CHRIS A GRANT DANIEL C GRANT EREKA R GRANT FRED O GRANT GENERAL GRANT GEORGE R GRANT JR JACOB W GRANT JAMES GRANT JEFF E GRANT KENNETH GRANT SR LOYD P GRANT NICOLE GRANT ROBERT K GRANT ROBERT...

  • Page 73
    ... HOWARD GEORGE HOWARD HAROLD HOWARD JAMES HOWARD JAMES HOWARD JOHN L HOWARD JOSEPH J HOWARD KENNETH E HOWARD KEVIN J HOWARD MARTIN C HOWARD MICHAEL E HOWARD NATHAN T HOWARD NORMAN HOWARD JR RAYMOND HOWARD SHERRI HOWARD STEVEN HOWARD TERRY L HOWARD THOMAS E HOWARD TIMOTHY L HOWARD TYRONE E HOWARD...

  • Page 74
    ... A LAMB MICHAEL DUANE LAMB STEPHEN P LAMB TOMMY J LAMB ARTHUR B LAMBERT JR DAVID L LAMBERT JAMES A LAMBERT JAMES L LAMBERT JASON LAMBERT JOE S LAMBERT JUSTEN R LAMBERT LOWELL D LAMBERT MIKE ALLEN LAMBERT TERRY A LAMBERT TRICIA LAMBERT WAYDE LAMBERT JOY A LAMBERT-BRADLEY CHRISTINE J LAMBRECHT JEFF...

  • Page 75
    ... LUNDMARK HOWARD LUNDRIGAN TERRY LUNDRIGAN ...JOSEPH J MATUSKA TAMMY MARIE MATUSZAK DAVID W MAUCH FREDERICK MAUER JOE MAUGERI GAYLEN C MAUGHAN THOMAS MAUK ARTHUR L MAULDIN JERRY MAUPIN RANDY K MAURER RICHARD MAURICE MYRIAM MAURY DAVID L MAUSEHUND KEVIN A MAVIS ANTHONY D MAXWELL GRANT H MAXWELL JAMES...

  • Page 76
    ...JEFFREY S MCSWAIN RUSSELL D MCSWANE SCOT M MCSWANE BOBBY SHANE MCVEAY SCOTT A MCVICKER STACEY MCWHORTER TERRY J MCWHORTER DANTE MCWILLIAMS DEBRA MCWILLIAMS RICHARD MCWILLIAMS DAVID MEACHAM DAVID W MEADE KEVIN MEADE MICHAEL K MEADE MIKE MEADE JAMES D MEADOR JEFFREY L MEADOR JOE MEADOR ALLEN W MEADOWS...