Nucor 2015 Annual Report Download
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2015
ANNUAL
REPORT
VICTORMATOSVAZQUEZ ADRIANMATRAM JASONLEWISMATSON MATTHEWMATSON SCOTTPMATSON MICHAELAMATTEO SPENCERWMATTERS JASONPMATTHES JEFFALLENMATTHES JUSTINMATTHES
SUPPLEMATTHEW BILLYGENEMATTHEWSJR BLAINMATTHEWS BOBBYNMATTHEWS BRIANKMATTHEWS CHRISTOPHERSCOTTMATTHEWS DAMONAMATTHEWS DAVIDMATTHEWS DENNISMATTHEWS
EUGENE MATTHEWS JAMESBMATTHEWS JONATHANHMATTHEWS KARLMATTHEWS KENNETH EMATTHEWS MARK RMATTHEWS MARYCMATTHEWS MICHAELDMATTHEWS MICHAELEMATTHEWS
PAULMATTHEWS RAYEMATTHEWSJR RHONDAMATTHEWS ROBERTAMATTHEWS RYANSMATTHEWS STEPHANIERMATTHEWS TERESAAMATTHEWS TERRYMATTHEWS TRACYMATTHEWS MITCHELLDMATTINGLY
KYLEMATTINSON JOHNMATTOCKS JEFFERYAMATTOX JEFFERYALLENMATTOXII JOSHUAJDMMATTSON KAMMATTU JOSEPHJMATUSKA TAMMYMATUSZAK MANUELMATUTEBACHES JOSEPHMAUGERI
BRUCEMAUGHAN GAYLENCMAUGHAN JAYDENMAUGHAN JORDANRMAUGHAN THOMASJMAUK ANDREWFERRELLMAULDIN ARTHURLMAULDIN CHELSIMAULDIN MICHAELMAULDIN KYLIEMAUNDRELL
RANDYK MAURER TOBIASMAURICE MARIBEL MAURICIO ANGELINE MAURO DAVID LMAUSEHUND KEVIN AMAVIS ANTHONYD MAXWELL CAMERONMAXWELL COLTONDMAXWELL DAVISMAXWELL
ERICL MAXWELL JAMES TONYMAXWELL KIM MAXWELL MICHAELW MAXWELL RODNEY MAXWELL CRAIGC MAY CRAIG MMAY GORDON DMAY JAMES AMAY JEDIDIAH EMAY JEREMY MMAY
JOSEPH CHRISTOPHERMAY JUSTIN MAY KELVINMAY KENNETH DMAY MARKE MAY MICHEALT MAY SCOTTA MAY WILLIED MAY DANIELMAYA DONALD GENEMAYBERRY MARLON CMAYBERRY
CLAYTON TYLER MAYER JOHN MAYER JOHN ZACHARY MAYER TROYMAYER JULIAN L MAYERS DAVID E MAYES MICHAEL W MAYFIELD MICHAEL MMAYHALL DAVID E MAYHEW KEVIN MAYHO JR
CHRISTOPHERKMAYNARD KYLEMAYNARD WILLIEMAYNARD JOSHUALMAYNE BRUCEMAYO ELIJAHPMAYO JAKEMAYORCA ALANRAYMAYOTTE DAVIDRMAYOTTE ARTHURMAYS CHRISTOPHERMAYS
GEORGE MICHAELMAYS JAREDE MAYS KENNETHLMAYS PATRICKG MAYS ROBERTJOSEPHMAYS WILLIAMTODD MAYS CORYROBERTMAYSE MELANIE MAYSEY KEVINBMAYTUM ELLERYP MAZE
DYLAN MAZUREN VANESSADMAZZA DANIEL MAZZUCCA TYLERMCADAM ERICDMCADORY JEREMYT MCALLISTER TERONKMCALLISTER TRACIMCALLISTER VIVIANHMCALLISTER JIMMCALPINE
KYLE MCALPINE SCOTT MCALPINE KIMELAINE MCANULTY RYANH MCANULTY CHELSEAM MCARTER MICHAEL BRUCE MCARTHUR RAYFORD JMCATEER ROYR MCATEER THOMAS MMCAULIFFE JR
CHADWICK TYLER MCBAY RYAN MCBEE GREG BMCBRAYER JERRY K MCBRAYER AARON MCBRIDE D BLAKE MCBRIDE JAMES MCBRIDE JAMES MCBRIDE JEFFREY D MCBRIDE JOHN MCBRIDE
MATTHEWMCBRIDE MICAMCBRIDE ROGERBRENTMCBRIDE TERRYJMCBRIDE WILLIAMMCBRIDE PAMELAKMCBROOME JAMESJMCCABE MICHAELMCCABE ELIZABETHMCCAFFREY BRADYRMCCAIN
JOHNLMCCAIN SHANG JAMARMCCAIN HUNTER MCCALEB KEVINEMCCALEB CHRISTOPHERMCCALL CRAIGMCCALL HARLISEJ MCCALL JAMESTMCCALLSR ROBERT MCCALL ROSWELLMCCALL
EDWARDA MCCALLIE SHAILEEN MCCALLUM JOHNCHADWICKMCCALPIN DONNIE WMCCAMMON JR KENNETH EMCCAMMON DARRIN JMCCANDLESS TYLERJ MCCANDLESS TERRYJACKMCCANLESS
KEVINMCCANN RICHARDDOUGLASMCCANN STEPHENAMCCANN ANTHONYLMCCANTSII CHRISRMCCANTS JAMARIOMCCANTS JAMESHMCCANTS JOEYSMCCANTS SETHAMCCANTS TIMOTHYAMCCANTS
LARRY BRUCE MCCARDLE CORY MCCARRON KYLE MCCARRON JEFF MCCARSTLE CHARLIE MCCARTHY KYLE MCCARTHY THOMAS P MCCARTHY THOMAS T MCCARTHY JAMES MCCARTNEY
KENNETH JOHN MCCARTNEY JAMES PMCCARTY SEAN MCCARTY JONATHAN B MCCAULEY ROBERT MMCCAULEY MARK E MCCLAIN ROBERT MCCLAIN RYAN A MCCLAIN CHARLESMCCLAMROCK
SCOTTMMCCLANAHAN GILBERTMCCLATCHIE RONALDMCCLEARY CASEYBMCCLELLAN KEVINRMCCLELLAN TERRYLMCCLELLAN ANDREWMCCLELLAND GLENNEMCCLELLAND JACOBSMCCLENDON
LARAINEGMCCLENDON JASONMMCCLISH CHRISTOPHERMCCLOUD DARRELLEMCCLOUD RANDALLJMCCLOUD RICHARDLMCCLOUDJR TYRONEMCCLOUD AARONMMCCLURE JACOBWMCCLURE
JOSEPHMCCLURE MICHAELMCCLURE TERRYLEEMCCLURE WILLIAMBMCCLURE BRYANMCCOIL BILLYMMCCOIN JASONEMCCOLLUM JUSTINKMCCOLLUM LISASMELLEYMCCOLLUM MARKMCCOLLUM
CHARLESRMCCONNELLJR DWIGHTDMCCONNELL JOHNTMCCONNELL PATRICKMICHAELMCCONNELL STEPHENMCCONNELL JOSHUAMCCORD LYNNMCCORD MARKDMCCORD DAVIDMCCORMICK
JASONAMCCORMICK MITCHELLWMCCORMICK PATRICIAAMCCORMICK RANDYRMCCORMICK REECETMCCORMICK ROBERTKMCCORMICK LLOYDCLINTONMCCOURT CHARLESDWIGHTMCCOY
HENRY B MCCOY III JJ MCCOY JAMES MCCOY JENNIFER MCCOY JOEY MCCOY JOSHUA A MCCOY LASHONDA MCCOY MARK NMCCOY NATHANIEL J MCCOY SCOTT MCCOY SHELDON MCCOY
WARRENRICKMCCOY WILLIAMMCCOY ROBERTWMCCRACKEN MICHAELMCCRACKIN DANIELBMCCRARY JORDANRMCCRARY JOHNCMCCRATEJR MICHAELSMCCRAVEY MICHAELJUDSONMCCRAY
ERNESTLEEMCCRELESS JAMESAMCCRELESS MARKMCCRORY SEANMCCRORY ERICRMCCROSKEY THOMASMCCROSKY KENNETHWMCCRUTER LLOYDLMCCUBBIN EDWARDMCCUE DARRELLMCCULLAH
GREGMCCULLOCH JAMESMCCULLOCH MYRONA MCCULLOCH ALEX MCCULLOUGH ALICIA KRISTINMCCULLOUGH BRADFORDL MCCULLOUGH FRANKIEL MCCULLOUGH JASONM MCCULLOUGH
KEITHLMCCULLOUGH PATRICKMCCULLOUGH ROBERTDMCCULLOUGH ROBERTA MCCULLOUGH WARRENJMCCULLOUGH CRAIGIMCCULLY CHRISTOPHERJ MCCURLEY BENTHOMASMCCURRY
CHRISTOPHEREMCCUTCHEN ANDREWDONALDMCCUTCHEON BRIANKMCCUTCHEON JOHNWMCCUTCHEON RICHARDMCCUTCHEON TERRYMCCUTCHEON MICHAELJOHNMCDADE SEANMCDADE
ALBERTDMCDANIEL CODYDEANMCDANIEL JACKIED MCDANIEL MARKE MCDANIEL MICHAELMCDANIEL RICHARDF MCDANIEL ROBBIENMCDANIEL THOMASMCDANIEL THOMASMMCDANIEL
VICTORMCDANIEL GLENNERICMCDAY KELLYKIERRAMCDAY CYNTHIALEAMCDERMID CODYM MCDERMOTT BLAINERMCDONALD BRENTSMCDONALD CHARLESMCDONALD DARWINLMCDONALD
DASHAWN MCDONALD HUNTER MCDONALD IV JACOB MCDONALD JAMES MCDONALD JAMES K MCDONALD JAMES R MCDONALD JR JENNIFER MCDONALD JOHNMCDONALD JORDAN MCDONALD
JOSHUAMCDONALD MALCOLMFMCDONALD MAXIMILLIANDMCDONALD PAULMMCDONALD RYANMCDONALD SHAWNDOUGLASMCDONALD ROBERTFMCDONNELL KYLEMCDONOUGH ROBERTLMCDOUGAL
ALWYNMCDOWALL DEZMONDWMCDOWELL SEANMCDOWELL TRACYMCDUFFY JAMESRMCEACHERN ROBERTCMCEACHERN JONATHANLMCEACHINSR STEPHENGMCELHANON JULIEMCELHANY
MARKMCELHINNEY STEVENLMCELROY DAWNMCELVEEN MICHAELTMCELVEEN TERRIIMCELVEEN WILLIAMRMCELVEEN JAMESJMCELYEA ERNESTEMCFADDEN PATRICKJMCFADDEN ROGERMCFADDEN
CAMERONRMCFALL SHANNAMMCFALL JAMESWMCFARLAND JOSEPHMCFARLAND WILLIAMDMCFARLAND ANDYRMCFARLANE KYLEBMCFARLANE VINTONMCFARLANE PHILLIPMCFEE JAMESMCGARRIGLE
MACKINLEYMCGARRY GERALDAMCGAUGHEY NATHANGMCGAUGHEY RYANDMCGAUGHEY COURTNEYJMCGEE DEVOYDMCGEE LUCASCAINEMCGEE MARTINKMCGEE OBIEMCGEE STEPHENCMCGEE
TIMOTHYA MCGEE JAVION JAYEMCGEHEE MICHAEL MCGEORGE DIANAS MCGILL LINDAK MCGILL MICHAEL JMCGILL MONTY RMCGILL ROBERTMCGILL ZACHARY MCGILLIS CALVIN MCGINNIS
CALVINRMCGINNIS KENDERICKMCGIRT ROBERTMCGIRT ROBERTWMCGLAUN ASHLEYMCGOWAN DANIELLMCGOWAN DONAMECHIAMCGOWAN DRUMCGOWAN WESLEYSMCGOWAN ANDREWMCGRAW
MARIEMCGRAW RONALDAMCGRAW KENNETHGERALDMCGREGGOR CHADDMCGREGOR MICHAELJAMESMCGREGOR MICKEYALANMCGREGOR NATHANMCGREGOR AMANDANMCGUIRE BRUCEMCGUIRE
JAMESPMCGUIRE MICHAELCMCGUIRE RANDYWMCGUIRE ROBERTMCGUIRE STEPHENEMCGUIRE TYLERMCGUIRE JOHNHMCHALFFEY CLINTONAMCHAN ROBERTBMCHARGUE STEVENDMCHENRY
ANTHONYMCHUGH KEVINMCHUGH MATTHEWMCILWAIN JOHNMCINALLY HARTMCINERNEY CORYPMCINTOSH KYLEMCINTOSH JANETLMCINTYRE MARCUSMCINTYRE RYANMMCINTYRE BILLYMCINVILLE
BRANDONMCINVILLE DANNYMMCINVILLE JOSEPHPMCINVILLE JUSTINRMCINVILLE RANDYWMCINVILLE JIMMYRAYMCKASKLE BRADLEYJMCKAY DAVIDLMCKAY FARONMCKAY MARKSTEVENMCKAY
RALPHEMCKAY RANDINMCKAY CLINTONMCKEE JASONMICHAELMCKEE JEREMYMCKEE JERRYMCKEE MATTHEWMCKEE MATTHEWHUDSONMCKEE ROBERTDMCKEE ROBERTSHANEMCKEE
MICHAELEMCKEEN ROBERTMCKEEVER TODDJAMESMCKELLEP JOHNNIEEMCKELROY CHRISTOPHEROMCKELVEY KENNYHMCKELVEY ERICMCKENNA KELLYFMCKENNEY DOUGLASALLENMCKENZIE
JAYSONMCKENZIE MATTHEWFMCKENZIE MICHAELEMCKENZIE ORNINLMCKENZIEJR PAULJMCKENZIE RICHARDMCKENZIE SHAWNMCKENZIE VERNONEMCKENZIE WESLEYEMCKENZIE THOMASMCKEON
ROBERTAMCKEOWN JOSEPHTMCKERNAN PATRICKDMCKERNAN JENNIFERRMCKIBBEN TOMMYWMCKIBBEN DAVIDCMCKINLEY HUNTERMICHAELMCKINLEY SCOTTDMCKINLEY CHADRMCKINNEY
JEREMYMCKINNEY JERRYGMCKINNEY JUDYMCKINNEY MICHAELMCKINNEY ONASISNMCKINNEY THOMASKMCKINNEY GINAMCKINNON LARRYMCKINNON PATRICIAMCKINNON ROBERTAMCKINNON
CHRISTOPHERAMCKINSEY WILLIAMMCKINSEY JOHNMCKINVEN BILLYGENEMCKNIGHT ENNISAMCKNIGHT JAMESVMCKNIGHT JODYBMCKNIGHT JOHNATHONTHOMASMCKNIGHTJR MICKELTMCKNIGHT
PEGGYMCKNIGHT STEVENW MCKNIGHT TIMOTHYMCKNIGHT TONYEMCKNIGHT WILLIAMB MCKNIGHT TYLERMCKOWN SHAWNMCLACHLAN GAILSMCLAIN JAMESEMCLAMB JEFFREYMCLAMB
JOHN P MCLANEY BRIANMCLAUGHLIN CHRISTOPHER J MCLAUGHLIN CORY MCLAUGHLIN DUSTIN K MCLAUGHLIN EARNEST J MCLAUGHLIN JIMMY DEAN MCLAUGHLIN MATTHEW MCLAUGHLIN
NATHANIELRMCLAUGHLIN RICKYDMCLAUGHLIN TERRYDMCLAUGHLIN ALASDAIRMCLEAN FLINTMCLEAN JOSEPHGMCLEANJR MELISSAMCLEAN OTISMCLEARY SAMUELMMCLELLAN JOHNNYLMCLEODJR
MICHAELEDWARDMCLEOD STEPHENGMCLEOD GAVINCMCMAHON JAMIEJMCMAHON MICHAELMCMAHONJR SEANTHOMASMCMAHON JESSICAAMCMANIGAL EUGENEMCMANUS ROBERTMCMANUS
TAMRON EUGENE MCMANUS ADAM K MCMELLON JOSHUA FRANKLIN MCMILLAN NANCY LEE MCMILLEN CARMELA Y MCMILLIAN COREY D MCMILLIN ALLEN SCOTT MCMILLON TIMOTHY W MCMINN
DONMCMONEGAL BRIANKMCMORRIS EDWARDDMCMULLEN MARCJOSEPHMCMULLEN TERRANCEMCMULLEN DAVID LMCMURRIAN DALEA MCMURRY DAVIDWMCMURRY MITCHELLMCNAB
DANIEL RMCNABB KELLYSMCNABB ADRIAN MCNAIR THERESAMCNALL MICHAELMCNAMARA SHAWNMCNAMARA KENNETHRMCNATT HEATHER MCNAY DAVID MMCNEAL THEODORERMCNEAL
JEROMEMCNEARY BRUCEMCNEELY LISAC MCNEELY ELIZABETHMCNEESE EDWARDMCNEIL MARKWMCNEIL RAYMONDMCNEIL SHATERRIAMCNEIL DERRICKMCNEILLY ANTONIADMCNEISH
PATRICKJMCPEAK BRETMCPHERSON STANLEYCMCPHERSON GREGORYMCQUEEN JAMESCMCQUEEN GARYMCQUILLIS RODNEYPMCRAE JEREMYMCROBERTS GARNERTMCSORLEY GARYLMCSORLEY
JEFFREYMCSWAIN MALIKAMCSWAIN RUSSELLDMCSWANE BOBBYSMCVEAY VICKEYMCVEY CYRILMCWEENEY TERRYMCWHORTER ALFREDMCWILLIAMS DEBRAMCWILLIAMS LARRYDEANMCWILLIAMSJR
RICHARDMCWILLIAMS GARLAND MEABONSR ANTHONYMEAD RICKYMEAD DAVID WMEADE KEVIN MEADE MARYMEADE MICHAELK MEADE MIKEMEADE HEATHER MEADOR JAMESD MEADOR
JEFFREYLMEADOR JOEMEADOR PHILLIPGMEADOR EDWARDWMEADOWSII JASONSMEADOWS JOSHUACMEADOWS MICHAELMEADOWS LEONARDZMEADS ISRAELIMEAGHER BRADLEYMEALER
CAMRON C MEANS KERRY MEANS TROYJ MEANS KEN MEARNS STAN L MEARS DUSTY MECHAM JOSEPH MECHAM MARITZA MECHATO ANN MEDDINGS JEFFREY MEDDINGS SIMON S MEDEL
COURTNEYMEDFORD JEFFREYDMEDFORD CESARMEDINA CHRISMEDINA ESTEBANMEDINA LUISMEDINA MANUELMEDINA MICHAELLMEDINA RICARDOMEDINA CARLOSMEDINACALVARIO MARKMEDLER
DANACLAYTONMEDLEY JAMESCURTISMEDLIN JAMESWMEDLIN SEAN MEDNIKOW GUILLERMOMEDRANO JR MARCOMEDRANOJIMENES JOSEPHMEEHAN TODDAMEEHAN RICHARD DMEEK
KERRYLMEFFORD LONNIEDMEFFORD LEONMMEGGETT STEVENCMEGGS MATTHEWSMEGYESE AARONMEHAY ELDONMEHEULA TODDPMEHL KEVINMEHLE DANIELJMEHLENBACHER BRADMEHRHOFF
URVITAMEHTA MILESKMEIDINGER BRADLEYMEIER MATTHEW JMEIER ERICMEINEN BARTELJ MEIS JEFFAMEIXSELL JOSEMEJIA JOSEPHINEMEJIA TOBYNMEJIA MANUEL MEJIAPEREZ
CHRISTOPHERMELCHER TIMOTHYCMELCHER ADRIANMELENDEZ JOSEMELENDEZ MANUELMELENDEZ DIANAMELENDEZALVARADOCID ALFONSOMELENDEZSANCHEZ KURTMELERO DEBORAHMELESIO
DIANEMELESIO MICHAELAMELKUS CHRISTOPHERLMELLER KENTMELLO REBECCALMELLO JOSEPHMMELLODY RONALDJMELLOTT CELERINOCMELO ANTHONYWMELTON DAVIDCMELTON
JASONTMELTON MICHAELMELTON MAXLMELVIN ENRIQUEMENA MARKFMENASCO JESSEMENCHACAJR CHRISTOPHERMENDENHALL ALMENDEZ BENJAMINMENDEZ EDWARDGMENDEZ ELVINRMENDEZ
MAGDALENOMENDEZ RICARDOMENDEZ VICENCIOMENDEZ JUANMENDEZCONTRERAS JOSEPHMENDOLA BELIZARIOMENDOZA DANIELMENDOZA FELIPEMENDOZA FIDELMENDOZA HARVINGMENDOZA
JOSEDMENDOZA NOLBERTOMENDOZA OSWALDOMENDOZA IRENEOMENDOZABARAJAS OMARMENDOZAMORA AARONJMENEFEE LORAMENEGAZZO LUISMENENDEZ CHRISJMENEZES RICARDOMENEZES
ROBERTOMENEZES VICTORMENEZES DEANAMENIGOZ JOHNNYMENJIVAR AARONCMENKE CORYBMENLOVE RUSSELLPMENLOVE MATTHEWDMENSCER TRAVISJAMESMENTER MITCHELLGMENTZEL
MATTHEWMENZENBERG ZACKARIAHMERASTY ARMANDOMERCADO JOSEANIBALMERCADO LINDAMERCANTE DOMINGOMERCEDES‑ROSARIO LEONARDMERCEREAU BARRYMERCHANT CHADEMERCHANT
RYANMERCIER JAMESTHOMASMEREDITH JOSHWAMEREDITH SCOTTGMEREDITH STACEYMEREDITH TRACEYMEREDITH KYLEMERICLE TRENTONMERICLE ANGELMERIDACAAL GERDMERLING
CORYTMERRILL RICKYLEEMERRILL JOHNWMERRIMAN KANDEEMERRITT RONALDKENTMERRITT JEFFERYLMERRIWEATHER FINLEYHMERRY BILLYLMERRYMAN BRUCEMERSBERG JONELMERTENS
RAYMONDMESSEMER SCOTTPMESSENGER MICHAELMESSER ZACHARYMESSERSCHMIDT JOSHUAAMMONMESSERVY STEPHENMESSIER GABRIELEAMESSINA STEVENMESZAROS ANDREWMETCALF
BRUCEMETCALF DIANAKMETCALF JAREDMETCALF ROBERTELDINMETCALF TIMOTHYSMETCALF DONALDMETHVIN GARYMETHVIN ERICSMETKE LUKEMETOYER SEANMETRO ALANTMETSKER
MATHEWMETTLER ANDREWMEWBORN CEVYNJMEYER CLINTONGMEYER CRAIGMEYER ERICLMEYER JERRYEMEYERII LEEDMEYER LISALMEYER LUTHERPMEYER MATTHEWMEYER MICHAELOMEYER
ROBINAMEYER TYLERMEYERS BENJAMINMMEYETTE CHRISTIANMEZA ISSACMEZA MIGUELMEZA‑HERRERA ROBERTMEZICK JAREDDMICHAELS RANDYRMICHAELS ANDREWMICHAUD HECTORMICHAUD
JOCELYNMICHAUD JOSEAMICHEL WALTERGMICHELER GARYRMICHELFELDER JUANMICHELL FRANKMICHELS JOSEPHMICIK LORIKMICKELSON KEVINMMICKEY DONALDRMICKINS WILLIAMWMICKLE
CAROLYNJMIDDLEBROOK MICHAELLMIDDLEBROOK ANDREWMMIDDLETON BARRYLMIDDLETON CHRISTOPHERLMIDDLETON MARKFMIDDLETON RYANMIDDLETON STACYWMIDDLETON TRENTMIDDLETON
KENNETHARNOLDMIDKIFF ANDREWMIELER ISAACMIERA STEVENANDREWMIFFLIN ANNAMIGLIORE STEVENJMIGLIORE JOHNAMIHOK KEVINMIHOK OSCARMIJARES KEVINLMIKETTA MARTAMIKULA
ROBERTDMILCHLING BILLYRMILES BOYDBENJAMINMILES DEANGELOMILES GRANTMILES JAMESAMILES JASONSMILES JAYSMILES JOHNEMILES JONATHANAMILES LARRYTODDMILES LORNEMILES
MARKDMILES MICHAELRMILES SHANEOMILES SHAWNISAACMILES TANNERDMILES TINAJMILES WAYNEMILES WILLIAMBMILES WILLIAMC MILES MICHAELSMILFORD RUSSELLL MILFORD
SAMMYAMILHOAN RICARDOMILIAN GEORGEPMILJUS MARKSMILKOWSKI WILLIAMMILLAN DEREKMILLAR JUSTINSMILLARD ANTHONYMILLER BARTHOLOMEWDMILLER BEAUMILLER BERNHARDAMILLERIII
BETH A MILLER BRADLEY D MILLER BRANDON J MILLER BRENNAN Z MILLER BRETT L MILLER BRIAN MILLER BRUCE L MILLER BRYAN PMILLER CHARLES MILLER JR CHARLES BRYANT MILLER
CHRISTOPHERCMILLER CHRISTOPHEREMILLER CHRISTOPHERMMILLER CLIFTONMILLER COLLIERDMILLER COREYDMILLER DANIELAMILLER DANIELEMILLER DANIELLEEMILLER DANIELTMILLER
DANNYMILLER DANNYTMILLER DAVIDAMILLER DEBRAMMILLER DENNISMILLER DEREKMILLER DERYLMILLER ERICCMILLER EVANMILLER GREGORYMILLER HUBERTEMILLER JAMESMILLER
JAMESAMILLER JAMESLMILLER JAMESLMILLER JAMESMICHAELMILLER JAREDLEEMILLER JEFFRMILLER JEFFERYMILLER JEFFERYAMILLER JEFFREYMILLER JEFFREYLMILLER JEREMYJMILLER
JESSEWMILLER JOEYMILLER JOEYJMILLER JONMILLER JONHMILLER JONATHANAMILLER JOSEPHDMILLER JOSEPHDMILLER JOSHKMILLER JOSHUAFMILLER JOSHUALMILLER JULIANNELMILLER
JUSTINMILLER KALAMILLER KARIVMILLER KENNETHMILLER KENNETHLMILLER KRISTYMILLER LAMARMILLER LESLIEJMILLER LISAMAYMILLER LOUISTMILLER MARKMILLER MARKFREDRICKMILLER
MARKJMILLER MEGANRMILLER MICHAELAMILLER MICHAELEMILLER MICHAELLMILLER MICHAELLMILLER MICHAELRMILLER NATHANMILLER NATHANPMILLER NEILWMILLER RANDALLLMILLER
RANDELLMILLER RAYMONLMILLER RAYMONDEMILLERJR REGINALDMILLER RICHARDMILLER RICHARDCMILLER ROBMILLER ROBBYALANMILLER ROBERTDALEMILLER ROBERTJAKEMILLER
RODNEYMILLER SANDRAMILLER SARAHMILLER SHAUNMILLER STEVENWMILLER SUSANMILLER TAYLORSMILLER THOMASCMILLER THOMASOMILLER TIMOTHYCRAIGMILLER TIMOTHYROBERTMILLER
TOMASAMILLER TRAVISLEEMILLER TRAVISWMILLER WADEMILLER WARRENAMILLERIII WAYNEEMILLER WAYNEPMILLER WILLISTMILLER ZACKERYCOLEMILLER JEFFMILLIGAN PETERAMILLIGAN
THOMASDMILLIGAN JIMMYDMILLIKAN DANMILLIKEN KIMBERLYSMILLIKEN DEBORAHJMILLION BONNIEMILLS BRIANMILLS BRIANDMILLS CHRISTOPHERMARTINMILLS GLENNMMILLS HALRMILLS
JAMESMILLS JOSEPHMILLS MICHAELLMILLS NANCYMILLS NICHOLEDMILLS RICHARDDMILLS ROBERTMILLS ROGERMILLS THOMASMILLS BRETTMILLSAP SAMUELEMILLSAPS GAGEMILLWARD
DWANAMILNER JOSEPHMILNES MELISSAMILTEER CHRISTOPHERGMILTON HUNTERMILTON NIRUPAMINASANDRAM BRANDONMINCY ROBERTMINDOCK CHRISTIANMINER COLTONMINER MICHAELMINER
TROYLMINGLE STEVENMINICH CRAIGAMINICK WILLIAMSMINICK FIDENCIOMINJARES JAIMEMINJARES MICHAELMINK JAREDMINNIE RICHARDJMINNITIII DARIEMINODORA MICHAELMINONDO
DERRICKAUSTINMINOR JACOBMINOR JASONMMINOR JOSHUAAMINOR KENNETHRMINOR RANDALWMINOR ROBERTDMINOR TERRYLMINOR WILLIAMMINT BRADLEYMINTON STEPHENCMINTON
ROBERTWMINYARDJR DAVIDMIOTTO ADAMMIRANDA CESARMIRANDA ENRIQUEMIRANDAIII JULIOMIRANDA CHRISTIANMIRANDAMARTINEZ JOHNGMIRE ANDRESMIRELES MARCSMIRUS ANNAMISAIL
CRAIGSMISDOM ALANMISENHELTER JOHENSMISERE CHARLESSMISFELDT JOHNWAYNEMISHOE BILLWMISNER MARKALANMISNER DOUGLASLMISRASI NICHOLASMISRASI RYANPETEMISRASI
CHRISTYMISSION ANNAMITCHELL ANTONIOJMITCHELL BILLYMITCHELLJR BOBBYWAYNEMITCHELL CARLEENMITCHELL CHARDRICKLMITCHELL CLAYTONMITCHELL DUSTINHMITCHELL ERICJMITCHELL
EVANMITCHELL GARYRMITCHELL GREGORYLMITCHELL JAMESMITCHELL JAMESMITCHELL JASONLMITCHELL JOHNATHANZACCHAEUSMITCHELLJR JOHNNYMARSHALLMITCHELL JONATHANDMITCHELL
KENNYMITCHELL KENTLMITCHELL KYLEBRADFORDMITCHELL MARKTWAINMITCHELL MATTHEWDMITCHELL MAURICEMITCHELL MICHAELSMITCHELL NICHOLASMITCHELL PAULDMITCHELL
PAULGMITCHELL PAULMICHAELMITCHELL RANDYSMITCHELL RODNEYMITCHELL RONAMITCHELL RUPERTMITCHELL RYANMITCHELL STEPHENMMITCHELL THOMASEMITCHELL TIMOTHYDMITCHELL
WALTERMITCHELL WALTEREMITCHELL WESTLEYAMITCHELL ROBERTMITCHINSON GREGORYDMITTENDORF DONALDMITTER DANIELAMITZLAFF RENALDOMIX KEVINMMIXON TAMERRALJAYEMIXON
DARRIN GMIZE JAMES RMIZE RICHARDMIZE JR THEODORE MIZE BRIAN MLNARIK JOHN LMLODZIANOWSKI ADAM MNICH KAICHEONG MO DALIA MOAWAD DANIELMOBLEY TIMOTHY MOBLEY
STEFANSMOCANU LAWRENCEJMOCH JENNIFERSIMPKINSMOCK WILLIAMTHOMASMODE JESUSMODESTO THOMASMODESTO RAJENDRAMODI REXAMOEHRING CASEYLMOELLER JEFFREYWMOELLER
MATTHEWL MOELLER GREGORY EMOEN APRIL NMOERBE JOSHUAM MOERBE TIMOTHY GMOERBE JOHN C MOESSNER ROUT MOEUY DANIEL MMOFFETT DUSTE MOFFITT JEREMIAH MOFFITT
JOSHUAMOFFITT MOHAMEDASMATHMOHAMEDJAMAL AKEEFMOHAMMED AZAMMOHAMMED IMRAN MOHAMMED KEVINMOHAMMED NYLAH MOHAMMED SELVARAJMOHAN YOGESHMOHITE
SAMANTHAAMOHNEY ANTHONYMOINA RICARDOMOJICA RONALDPMOLANDES JESUSMOLINA RICHARDMOLINAJR JOSEMOLINAMALDONADO JAVIERMOLINERO JUANMOLINERO‑TINOCO JONATHONMOLITOR
TRAVISMOLLENBERG TRACEYMOLLNER THOMASAMOMBERGER CLAYBORNMOMON ALEJANDROCALDERONMONARREZ ERNESTOJAVIERGARZAMONCADA GERARDOMONDACA DARRENMONDESIRE
GREGMONDESIRE BRAILOSKYSMONDRAGON RICHARDDAVIDMONDRAGON MAXMONETTE PHILIPPEMONETTE ANDYMONEY MARKEMONINGER JOSEMONIZ NICHOLASJMONK ALANMONROE CYMONROE
JONATHAN MONROE MARY MONROE GABRIEL MONROY STEVE MONSEES GARTH MONSSON TREVOR MONTAGUE EDWIN MONTALVO HECTOR D MONTALVO JAVIERMONTALVO RUBEN MONTALVO
LISAFOSTERMONTANA SANDRAMONTANEZ JESUSMONTANO‑SANCHEZ KEVINMONTEITH ADRIANAMONTEMAYOR DANIELMONTES JAIMEMONTES LYNNMONTES ADOLFOMONTESRUIZ WILLIAMFMONTEZIII
BRANDONLMONTGOMERY BRUCEMONTGOMERY COLEDMONTGOMERY COLTONJAKEMONTGOMERY CORYMONTGOMERY DAVIDCMONTGOMERY DAVIDKEITHMONTGOMERY DEANNAMONTGOMERY
Table of contents
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Page 1
...SHAWN MCKENZIE VERNON E MCKENZIE WESLEY E MCKENZIE THOMAS MCKEON ROBERT A MCKEOWN JOSEPH T MCKERNAN PATRICK D MCKERNAN JENNIFER R MCKIBBEN TOMMY W MCKIBBEN DAVID C MCKINLEY HUNTER MICHAEL MCKINLEY SCOTT D MCKINLEY CHAD R MCKINNEY JEREMY MCKINNEY JERRY G MCKINNEY JUDY MCKINNEY MICHAEL MCKINNEY ONASIS... -
Page 2
...R NORRIS STEPHEN C NORRIS THOMAS R NORRIS ZACHARY SCOTT NORRIS JUSTIN B NORSWORTHY DAVID A NORTH RICHARD G NORTH JOSEPH M NORTHCOTT TONY NORTHCOTT RON V NORTHCUTT JEFFREY D NORTHRUP JR TRINITY NORTHWEST BRIAN K NORTON JACOB NORTON JAMES DAVID NORTON JERRY C NORTON KAY L NORTON LAYTON M NORTON EDWARD... -
Page 3
...we're too busy charging ahead. Each one of our teammates is considered an owner and operator who takes pride in ï¬nding innovative ways to help our customers. We consider it our duty to never stop looking for new opportunities to improve our processes and identify favorable markets for growth. That... -
Page 4
... Facilities and a Structural Steel Foundation Distributor Steel Joint Ventures Steel Products Segment Reinforcing Products Steel Mesh, Grating and Fasteners Vulcraft/Verco Group Buildings Group Cold Finish Raw Materials Segment Management's Discussion and Analysis of Financial Condition and Results... -
Page 5
... of the results of our operations to prevailing steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) availability and cost of electricity and natural gas which could negatively affect our cost of steel production or could result in... -
Page 6
... down costs while reducing emissions and increasing our energy efficiency. Nucor continues to be North America's largest recycler, converting 16.9 million tons of scrap steel into new steel products in 2015. John J. Ferriola Chairman, Chief Executive Officer and President Nucor's performance in... -
Page 7
... with high-strength, low-alloy grade chemistry. Producing more value-added products is not the only driver to profitable growth Nucor-Yamato is utilizing. Their success is also driven by the market leadership position they hold in structural steel products, as well as the strong channels to market... -
Page 8
... trade cases for several flat-rolled products, including corrosion-resistant, hot-rolled and cold-rolled steel. The International Trade Commission has made preliminary determinations of injury in all three cases, allowing the investigations to proceed. Nucor will continue to assess market conditions... -
Page 9
... year for steel companies throughout the world. However, in my view Nucor managed the situation very well, outperforming our peers, optimizing profit opportunities and generating very robust cash flow. I would like to take this opportunity to thank the entire Nucor team for their dedication... -
Page 10
... TO PROFITABLE GROWTH Today's market conditions are challenging. However, at Nucor, we remain optimistic, determined and focused. Nucor's long-term success has always been driven by our team's ability to capitalize on its unrivaled position of strength to drive proï¬table growth. In short, we work... -
Page 11
... $12 million in alloy costs annually. MOVE UP THE VALUE CHAIN Offering Higher-Quality, Higher-Strength Products Nucor has invested billions of dollars in projects to expand our capabilities and produce more value-added, highermargin products. These steel products not only service more needs for our... -
Page 12
BAR MILLS SHEET MILLS CASTRIP ® SHEET MILLS BEAM MILLS PLATE MILLS SKYLINE FACILITY SKYLINE HEADQUARTERS ASTRALLOY FACILITY NUCOR CORPORATE OFFICE Nucor trading ofï¬ce in Neuchatel, Switzerland and Skyline facility in Edmonton, Alberta, Canada not shown. -
Page 13
... and is North America's largest recycler. BAR MILLS Nucor has 13 bar mills strategically located across the United States that manufacture a broad range of steel products, including concrete reinforcing bars, hot-rolled bars, rounds, light shapes, structural angles, channels, wire rod and highway... -
Page 14
... pipe piling, cold-formed sheet piling and threaded bar. During the fourth quarter of 2014, Nucor-Yamato completed a $115 million strategic investment to expand the plant's hot-rolled sheet piling production capabilities. The initial output was sold to Skyline for a construction project and the new... -
Page 15
... located sheet processing facilities in the United States, Canada and Mexico. Steel Technologies transforms flat-rolled steel into products that meet the exact specifications for customers in a wide range of industries, including the automotive, agricultural and consumer goods markets. During 2014... -
Page 16
REINFORCING PRODUCTS BUILDINGS GROUP VULCRAFT & VERCO COLD FINISH STEEL MESH GRATING & FASTENERS HARRIS CORPORATE OFFICE NUCOR CORPORATE OFFICE -
Page 17
... in Canada, fabricates steel and aluminum bar grating and safety grating products at facilities located in North America. Nucor Grating and Fisher & Ludlow serve the new construction and maintenance-related markets with an annual production capacity of approximately 100,000 tons. FASTENERS Nucor... -
Page 18
...joist facilities. The current annual deck production capacity is approximately 530,000 tons. In 2015, steel deck sales increased 1% to 401,000 tons, compared with 396,000 tons in 2014. Material costs, primarily coiled sheet steel, were approximately 64% and 75% of the steel deck sales dollar in 2015... -
Page 19
17 625 500 500 400 375 300 250 200 thousands of tons 125 thousands of tons 100 year 06 07 08 09 10 11 12 13 14 15 year 06 07 08 09 10 11 12 13 14 15 STEEL JOIST SALES STEEL DECK SALES -
Page 20
... Systems, American Buildings Company, Kirby Building Systems, Gulf States Manufacturers and CBC Steel Buildings. In total, the Nucor Buildings Group currently has eleven metal buildings plants with an annual capacity of approximately 465,000 tons. The Buildings Group sales were 307,000 tons in 2015... -
Page 21
... bars for the most demanding applications. Nucor Cold Finish obtains most of its steel from the Nucor bar mills, ensuring consistent quality and supply through all market conditions. This factor, along with our facilities' use of the latest technology, results in a highly competitive cost structure... -
Page 22
SCRAP PROCESSING BROKERAGE OFFICES DRI PLANTS OTHER DJJ CORPORATE OFFICE NUCOR CORPORATE OFFICE Brokerage ofï¬ce in Hong Kong, China not shown. -
Page 23
... valuable scrap substitute material that is utilized by Nucor's steel mills to produce high-quality steel products. Nucor's first DRI plant, Nu-Iron Unlimited, is located in Trinidad. The Trinidad site benefits from a low-cost supply of natural gas and favorable logistics for receipt of iron ore and... -
Page 24
...: semi-finished steel, reinforcing bar, plate and hot-rolled, cold-rolled and galvanized sheet steel. Countries that contribute most significantly to the import total include South Korea, Turkey and China. China continues to pose a major challenge in particular. It is the world's largest producer... -
Page 25
... inventory management strategy difficult to achieve. Continued successful implementation of our raw material strategy, including key investments in direct reduced iron (DRI) production coupled with the scrap brokerage and processing services performed by our team at the David J. Joseph Company (DJJ... -
Page 26
... PRODUCT MIX Total Tons Sold to Outside Customers in 2015 Sheet Bar Structural Plate Downstream products Raw materials 13% 12% 36% 8% 10% 21% Nucor's raw material supply chain is another important strength. Our investment in DRI production facilities and scrap brokerage and processing businesses... -
Page 27
.... Lower energy costs per ton increase our gross margins. Generally, our energy costs per ton are lower when the average utilization rates of all operating facilities in our steel mills segment are higher. Changes in marketing, administrative and other expenses, particularly profit sharing costs, can... -
Page 28
... product groups within the steel mills segment in 2015 compared to 2014, with the largest decreases in sheet and plate. These trends caused decreased sales for the steel mills segment in each quarter of 2015 when compared to the respective quarter in the prior year. Negative pricing trends and low... -
Page 29
... market conditions at the end of 2014. • Total steel mill energy costs decreased approximately $3 per ton from 2014 to 2015 primarily due to lower natural gas and electricity unit costs. Due to the efficiency of Nucor's steel mills, energy costs were approximately 6% of the sales dollar in 2015... -
Page 30
... iron unit costs, including scrap and pig iron costs, when Nucor Steel Louisiana is producing high quality DRI. The depressed level of pricing for alternative raw materials in 2015 has had an adverse impact on the performance and margins of our DRI facilities. Gross margins for our natural gas... -
Page 31
...James Parish, Louisiana site, will not be utilized, resulting in an $84.1 million impairment charge (see Note 7 to the Consolidated Financial Statements). Additionally, one of three iron ore storage domes collapsed at Nucor Steel Louisiana in 2013. During 2015, Nucor finalized its assessment process... -
Page 32
...to a blast furnace project at our St. James Parish site and the net $7.7 million write-down of property, plant and equipment related to the two remaining iron ore storage domes at Nucor Steel Louisiana (see Note 7 to the Consolidated Financial Statements). The performance of our natural gas drilling... -
Page 33
... sales price per ton from $751 in 2013 to $788 in 2014 and a 5% increase in tons sold to outside customers. Tonnage data for the steel products segment is as follows: (in thousands) Year Ended December 31, Joist sales Deck sales Cold ï¬nished sales Fabricated concrete reinforcing steel sales 2014... -
Page 34
... markets. Our joist, deck, rebar, cold finish and building systems operations all experienced margin improvement in 2014 compared to 2013. • Our Nucor Steel Louisiana DRI facility, which began operations in December 2013, experienced significant operational losses in the first three quarters... -
Page 35
... nonresidential construction markets and market leadership positions held by our joist, deck, building systems, rebar and cold finish operations. The decrease in profitability of our raw materials segment for 2014 as compared to 2013 is due primarily to operating losses at our Louisiana DRI facility... -
Page 36
... during 2015. This increase in cash and cash equivalents was partially offset by cash used for capital expenditures, dividends and the decrease in short-term debt which was mainly the repayment of commercial paper used to fund the 2014 acquisition of Nucor Steel Gallatin. The current ratio also... -
Page 37
... attributable to the payout of accrued profit sharing and other incentive compensation costs in the first quarter of 2015. This payout was based upon Nucor's financial performance in 2014, which had improved significantly over the prior year period. The increase in cash generated from changes in... -
Page 38
... of commercial paper that was issued in 2014 and outstanding at year end 2014 to partially fund the acquisition of Nucor Steel Gallatin. Additionally, cash used to repurchase treasury stock was $66.5 million in 2015 (none in 2014). In 2015, Nucor increased its quarterly base dividend, resulting in... -
Page 39
...-term earnings power by expanding our product portfolios into higher value-added offerings that are less vulnerable to imports, improving our highly variable low-cost structure and building upon our market leadership positions. With many of these capital projects completed and ready to yield results... -
Page 40
... Inventories are stated at the lower of cost or market. All inventories held by the parent company and Nucor-Yamato Steel Company are valued using the LIFO method of accounting except for supplies that are consumed indirectly in the production process, which are valued using the first-in, first-out... -
Page 41
... flows of each of our asset groupings would not result in an impairment. In the fourth quarter of 2015, we determined that certain assets, the majority of which are engineering and equipment related to the current blast furnace project at our St. James Parish, Louisiana site, will not be utilized... -
Page 42
.... Management considers historical and anticipated future results, general economic and market conditions, the impact of planned business and operational strategies and all available information at the time the fair values of its reporting units are estimated. Our fourth quarter 2015 annual goodwill... -
Page 43
... issued or proposed but not yet required to be adopted. RECLASSIFICATIONS During the first six months of 2015, the Company performed certain internal reorganization activities. In connection with this process, the financial information utilized by the Chief Operating Decision Maker when assessing... -
Page 44
...500 4,000 4,400 3,000 3,300 2,000 2,200 millions of dollars millions of dollars 1,000 1,100 year 06 07 08 09 10 11 12 13 ...4,500 8,000 3,600 6,400 2,700 4,800 1,800 3,200 millions of dollars millions of dollars 900 1,600 year 06 07 08 09 10 11 12 13 14 15 ... -
Page 45
... 13 14 15 year 06 07 08 09 10 11 12 13 14 15 NET SALES N E T E A R N I N G S ( L O S S ) AT T R I B U TA B L E TO NUCOR STOCKHOLDERS 1,200 650 960 520 720 390 480 260 millions of dollars millions of dollars 240 130 year 06 07 08 09 10 11 12 13 14 15 year 06 07... -
Page 46
...T Y Product Sheet Bar Structural Plate Total 2 015 S T E E L P R O D U C T S C A PA C I T Y Product Thousands of Tons 1,745 920 715 530 465 128 100 75 4,678 Thousands of Tons 13,100 9,110 3,700 2,900 28,810 Rebar Fabrication Cold Finish Joist Deck Buildings Group Steel Mesh Grating Fastener Total... -
Page 47
... Capital expenditures Acquisitions (net of cash acquired) Depreciation Sales per employee AT YEAR END Current assets Current liabilities Working capital Cash provided by operating activities Current ratio Property, plant and equipment, net Total assets Long-term debt (including current maturities... -
Page 48
... because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Management assessed the effectiveness of Nucor's internal control over financial reporting as of December 31, 2015. In making this assessment, management used criteria set forth... -
Page 49
... of Nucor Corporation and its subsidiaries at December 31, 2015 and 2014, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2015 in conformity with accounting principles generally accepted in the United States of America. Also... -
Page 50
... SHEETS CONSOLIDATED BALANCE SHEETS December 31, 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 and 20) Total current assets PROPERTY, PLANT AND EQUIPMENT... -
Page 51
... INTERESTS NET EARNINGS ATTRIBUTABLE TO NUCOR STOCKHOLDERS NET EARNINGS PER SHARE (Note 22): Basic Diluted See notes to consolidated ï¬nancial statements. (in thousands, except per share data) 2015 $16,439,276 2014 $21,105,141 19,198,615 520,805 (13,505) 25,393 169,256 19,900,564 2013 $19,052... -
Page 52
...plan included in net earnings, net of income taxes of ($414), ($557) and $0 for 2015, 2014 and 2013, respectively Other, net of income taxes of $1,500, $0 and $0 for 2015, 2014 and 2013, respectively 2015 $496,084 2014 $815,790 (in thousands) 2013... TO NUCOR STOCKHOLDERS See notes to consolidated ï¬nancial statements.... -
Page 53
... BALANCES, December 31, 2014 Net earnings in 2015 Other comprehensive income (loss) Stock options exercised Stock option expense Issuance of stock under award plans, net of forfeitures Amortization of unearned compensation Treasury stock acquired Cash dividends ($1.4925 per share) Distributions to... -
Page 54
...debt Proceeds from issuance of long-term debt, net of discount Bond issuance costs Issuance of common stock Excess tax beneï¬ts from stock-based compensation Distributions to noncontrolling interests Cash dividends Acquisition of treasury stock Other ï¬nancing activities Cash (used in) provided by... -
Page 55
...DECEMBER 31, 2015, 2014 AND 2013 1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION Nature of Operations Nucor is principally a manufacturer of steel and steel products, as well as a scrap broker and processor, with operating facilities and customers primarily located in North America. Principles of... -
Page 56
... of those productive assets could exceed their projected undiscounted cash flows. When it is determined that impairment exists, the related assets are written down to their estimated fair market value. Equity Method Investments Investments in joint ventures in which Nucor shares control over the... -
Page 57
... of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, additional accounting guidance was issued that deferred the effective date of this new... -
Page 58
... cash on hand. Located on the Ohio River in Ghent, Kentucky, Gallatin has an annual sheet steel production capacity of approximately 1,800,000 tons. This acquisition is strategically important as it expands Nucor's footprint in the Midwestern United States market, and it will broaden Nucor's product... -
Page 59
... 31, 2014) in the consolidated balance sheets. In 2013, one of three iron ore storage domes collapsed at Nucor Steel Louisiana in St. James Parish. At that time, Nucor initially recorded a partial write-down of assets at the facility, including $21.0 million of property, plant and equipment and... -
Page 60
...the consolidated statements of earnings. In the fourth quarter of 2015, we determined that certain assets, the majority of which are engineering and equipment related to the current blast furnace project at our St. James Parish, Louisiana site, will not be utilized. As a result of this determination... -
Page 61
... to be $70.9 million in 2016, $68.7 million in 2017, $65.9 million in 2018, $63.4 million in 2019 and $61.0 million in 2020. The Company completed its annual goodwill impairment testing as of the first day of the fourth quarters of 2015, 2014 and 2013 and concluded that as of such dates there was no... -
Page 62
... equity interest in Steel Technologies LLC, an operator of 25 sheet processing facilities located throughout the United States, Canada and Mexico. Nucor accounts for the investment in NuMit (on a one-month lag basis) under the equity method, as control and risk of loss are shared equally between the... -
Page 63
... the carrying value of our investment in Duferdofin Nucor as a result of future market conditions and any changes in business strategy. It is possible that the future performance of Duferdofin Nucor could affect the recorded value of the note receivable the Company has with Duferdofin Nucor and any... -
Page 64
... 31, 2015 ($42.2 million as of December 31, 2014), related to certain obligations, including workers' compensation, utilities deposits and credit arrangements by Nucor Trading S.A. for commitments to purchase inventories. 13. CAPITAL STOCK The par value of Nucor's common stock is $0.40 per share and... -
Page 65
... Location (in thousands) Amount of Gain or (Loss) Recognized in Earnings on Derivatives 2015 2014 $2,894 2,392 $5,286 $1,890 748 $2,638 2013 $4,622 112 $4,734 Commodity contracts Foreign exchange contracts Total Cost of products sold Cost of products sold At December 31, 2015, natural gas... -
Page 66
... Value Measurements at Reporting Date Using Carrying Amount in Consolidated Balance Sheets Quoted Prices Signiï¬cant in Active Markets Other Observable for Identical Assets Inputs (Level 2) (Level 1) Signiï¬cant Unobservable Inputs (Level 3) December 31, 2015 Assets: Cash equivalents Short-term... -
Page 67
... self-insurance limits. 17. STOCK-BASED COMPENSATION Stock Options Stock options may be granted to Nucor's key employees, officers and non-employee directors with exercise prices at 100% of the market value on the date of the grant. The stock options granted are generally exercisable at the end of... -
Page 68
... in 2014 and $8.6 million in 2013). As of December 31, 2015, unrecognized compensation expense related to stock options was $1.3 million, which is expected to be recognized over 2.2 years. Restricted Stock Units Nucor annually grants restricted stock units (RSUs) to key employees, officers and... -
Page 69
... 2013). As of December 31, 2015, unrecognized compensation expense related to unvested RSUs was $31.3 million, which is expected to be recognized over a weighted-average period of 2.1 years. Restricted Stock Awards Nucor's Senior Officers Long-Term Incentive Plan (the LTIP) and Annual Incentive Plan... -
Page 70
... number and market value of shares of common stock and common stock units to be awarded. Compensation expense for anticipated awards based upon Nucor's financial performance, exclusive of amounts payable in cash, was $3.4 million in 2015 ($6.1 million in 2014 and $6.3 million in 2013). The... -
Page 71
... in foreign joint venture Foreign rate differential Noncontrolling interests Out-of-period correction Other, net Provision for income taxes 2015 35.00% (0.32) (0.50) (3.40) 0.98 7.55 (1.72) (6.84) (1.37) 0.67 30.05% 2014 35.00% 3.32 (0.27) (2.27) 0.85 - (0.93) (2.96) (1.10) 0.64 32.28% 2013 35.00... -
Page 72
... is effective for annual and interim periods beginning after December 15, 2016, with early adoption permitted. We have early adopted this new guidance prospectively beginning with the consolidated balance sheet at December 31, 2015. Prior periods were not retrospectively adjusted. As a result of the... -
Page 73
... at December 31, 2014). Nucor has substantially concluded U.S. federal income tax matters for years through 2012. The 2013 and 2014 tax years remain open to examination by the Internal Revenue Service. The Canada Revenue Agency is examining the 2012 Canadian returns for Harris Steel Group Inc. and... -
Page 74
...comprehensive (loss) income into earnings(1) Net current-period other comprehensive (loss) income December 31, 2015 $ (8,000) (9,498) 5,798 (3,700) $ (11,700) Foreign Currency Gain (Loss) $ (148,968) (205,397) 2,700 (202,697) $ (351,665) Adjustment to Early Retiree Medical Plan $ 11,260 1,485 (742... -
Page 75
... net earnings per share: Diluted net earnings Earnings allocated to participating securities Net earnings available to common stockholders Diluted average shares outstanding: Basic shares outstanding Dilutive effect of stock options and other Diluted net earnings per share $ 2015 2014 2013 $357... -
Page 76
..., cold finished steel, steel fasteners, metal building systems, steel grating, and wire and wire mesh. The raw materials segment includes DJJ, primarily a scrap broker and processor; Nu-Iron Unlimited and Nucor Steel Louisiana, two facilities that produce DRI used by the steel mills; our natural gas... -
Page 77
...Earnings (loss) before income taxes and noncontrolling interests: Steel mills Steel products Raw materials Corporate/eliminations Segment assets: Steel mills Steel products Raw materials Corporate/eliminations Capital expenditures: Steel mills Steel products Raw materials Corporate 2015 2014 2013... -
Page 78
... tax balances. Fourth quarter results were impacted by a $153.0 million impairment charge related to our Duferdofin Nucor S.r.l. joint venture and an $84.1 million pre-tax impairment charge on assets related to the blast furnace project at the St. James Parish site. (3) Nucor incurred a LIFO charge... -
Page 79
... and Chief Executive Officer United Technologies Corporation Victoria F. Haynes Retired President and Chief Executive Officer RTI International Bernard L. Kasriel Retired Vice Chairman and Chief Executive Officer Lafarge S.A. Christopher J. Kearney Non-Executive Chairman SPX FLOW, Inc. Laurette... -
Page 80
... South Carolina Laurent DeMey Vice President of Nucor President of Skyline Steel LLC John C. Farris Vice President, General Manager Nucor Steel Gallatin Ghent, Kentucky Craig A. Feldman Vice President of Nucor President of The David J. Joseph Company Ron J. Fox General Manager Nucor Building Systems... -
Page 81
... Manager Bar Mill Division, Cold Finish Division Darlington, South Carolina Gary Richmond President and Chief Executive Officer Harris Steel Group Inc. Mark Schaefer Vice President of Nucor Executive Vice President of The David J. Joseph Company William L. Schwartz General Manager American Buildings... -
Page 82
... DATA CORPORATE OFFICE 1915 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... -
Page 83
... ERIC S PLANER FREDERICK D PLANER ROD S PLANER SCOTT PLANEY OLIVER PLANTE CHAD E PLASTERS ARTEMIO PLATA THOMAS MICHAEL PLATKO... POLK TERRY D POLK JAMES D POLLACK DERRICK POLLARD JASON LAMONT POLLARD KENNY POLLARD JUSTIN S POLLETT TONY POLLEY JENNIFER POLLIO ROBIN POLLOCK JOSEPH POLSON ... -
Page 84
... A ROSET DAVID ROSEWARN RUDI J ROSINSKI AARIC A ROSS ANDREW M ROSS CODY ROSS DARREN A ROSS GEORGE ROSS JENNA ROSS JEVON D ROSS JOSEPH ROSS JOSHUA ROSS KEENAN A ROSS LINDSAY ROSS MICHAEL L ROSS NEAL C ROSS ROMULUS ROSS RUSSELL S ROSS STEVEN E ROSS WILLIAM ROSS KYLE ROSSALL MARK ROSSALL JAMES ROSSER... -
Page 85
... J SILA RUSSELL L SILA JR ANEURY SILBERBERG MARC SILBERBERG BRIAN J SILHACEK FERNANDO A SILIS IGNACIO V SILIS JOSEPH PATRICK SILKE PETER SILL RYAN K SILLERY ANDREA SILLIVENT DAVID W SILLS ANDREW M SILVA DAVENIA SILVA FERNANDO SILVA LSP SILVA ROGELIO SILVA TIBERIO SILVA AGUSTIN SILVA GALVAN DANIEL... -
Page 86
...JOSHUA C STEELE MELINDA J STEELE PAUL STEELE SETH STEELE RICHARD STEELMAN BRENDON STEEN WILLIAM M STEEN NICOLE STEERE TY STEERMAN JAMES STEEVES PAUL STEEVES ANDREW G STEFANEK MARK F STEFANIK DAVID G STEFANO PHILLIP STEFFEN KURT G STEFFENSMEIER CHARLES B STEGALL JEFF A STEGEMILLER JOSEPH... -
Page 87
... L USREY JOSHUA ROBERT USSERY D CHAD UTERMARK SHERMAN L UTLEY THOMAS E UTT JOSHUA UTTERBACK SCOTT M UYEMATSU CODY VADEBONCOEUR AARON VADEN...JAMES VANDIVER WALLACE J VANDUSEN STEPHEN VANDUZEN DAVID VANDYKE MICHAEL K VANDYKE RUSSELL C VANDYKE TERRY E VANDYKE JAKE VANELSWYK JAMES... -
Page 88
...J WATSON RUSSELL E WATSON SAMUEL WATSON SETH WATSON STAN K WATSON TERRI E WATSON THOMAS J WATSON TRACY WATSON TRENTIN JAKE WATSON DONALD WATT JENNIFER WATT HASAN WATTAR DUSTIN T WATTERSON WILLIAM WATTERSON DARRIELLE WATTIE CHAD J WATTS DARYLE L WATTS JAMES WATTS ROBERT SCOTT WATTS SCOTT WATTS SKYLAR... -
Page 89
...BALLANTYNE DUSTIN R BALLARD IRVING E BALLARD JAMES G BALLARD MARY ELLEN BALLARD ROBERT G BALLARD TERRY BALLARD TEX J BALLARD JOSE BALLESTEROS JUAN BALLESTEROS ROCKY BALLESTEROS JOSEPH F BALLEW III FREDERICK BALLOU ALLEN BALLOUN CONNIE BALLS AYDIN BALTACI RUSSELL J BALVIN REMUS BANARES WOJCIECH BANAS... -
Page 90
...CHAD W BOWMAN GEORGE B BOWMAN JAMES BOWMAN JAMES C BOWMAN JOHN BOWMAN JOSEPH BOWMAN JOSEPH BOWMAN MICHAEL BOWMAN JR NANCY A BOWMAN PATRICK K BOWMAN SCOTT A BOWMAN SHANNON D BOWMAN STEVEN BOWMAN TERRY D BOWMAN TRISTAN BOWMAN KAROL BOWMAN TUKE JAMES... BROWN RUSSELL H BROWN SAMMY BROWN SAMMY DAVID BROWN ... -
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... ARTHUR CARVIN TERRY A CARWILE DAVID CARWYLE WILLIAM V CARY JAVIER CASARES JR IVAN CASAREZ RANDY CASAREZ MICHAEL CASCONE AARON T CASE JAMES CASE JENNIFER L CASE MICHAEL D CASE SHARON K CASE CHAD A CASEY CHARLES D CASEY GARETH R CASEY GARRETT J CASEY GEORGE MICHAEL CASEY KENNETH... -
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... J CUPP BRAD LEE CURBOW IRENE CURLEY DAVID JOSEPH CURRENT MATT CURREY ANTHOL CURRIE BARRY CURRIE BRAD CURRIE MATTHEW J CURRIE RUSSELL ALLEN CURRIE DANNY WILKINS CURRIN MICHAEL D CURRIN RICKY NELSON CURRIN CODY L CURRY DAVID M CURRY JACOB S CURRY JAMES D CURRY JAMES M CURRY JOHN M CURRY RICKY A CURRY... -
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... EASTERBROOK PAMELA S EASTERDAY JAMES D EASTERLING RUSSELL EASTERLING CRAIG EASTMAN MARK SCOTT EASTMAN JOSHUA EASTRIDGE HAROLD D EATMON MARK LANCE EATMON ANTHONY EATON CHASE A EATON ROY MARK EATON JOSEPH EAVES JEFFREY EBBERT RICHARD L EBEL JOE R EBELING FRED EBERHARDT DAVID C EBERSOLE MARK... -
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... MIGUEL GRANADOS RICARDO GRANADOS BRANDON GRANAHAN CLARENCE BILL GRANGER MICHAEL C GRANGER ROBERT GRANGER RUSSELL GRANNUM COREY G GRANQUIST TYLER GRANSHAW CHRIS A GRANT DANIEL C GRANT DEREK GRANT GENERAL D GRANT GEORGE R GRANT JR JACOB W GRANT JAMES GRANT JENNA W GRANT KATONI GRANT LOYD... -
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... TERRY HERWEHE KEVIN HESKETT JOHN HESLIP CHAD D HESS DAVID C HESS DUSTIN B HESS KENNETH RAYMOND HESS KODY J HESS KODY L HESS MICHAEL HESS MICHAEL B HESS MICHAEL P HESS ROB LYNN HESS SHANON R HESS TANNER H HESS DONNA JOY HESTER HERSCHEL HESTER JAMES HEATH HESTER KEVIN B HESTER STEVE D HESTER W SCOTT... -
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... K HOWARD DANIEL HOWARD DANNY HOWARD FERRON P HOWARD FREDRICK KAREEN HOWARD JAMES HOWARD JAMES HOWARD JOHN L HOWARD JOSEPH J HOWARD KENNETH E HOWARD KEVIN J HOWARD MARTIN HOWARD MATTHEW L HOWARD NATHAN TEDDER HOWARD NORMAN HOWARD JR PAUL HOWARD SHERRI HOWARD STANLEY D HOWARD STEPHEN D HOWARD TERRY... -
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... RONNIE L JOHNSON RUSSELL JOHNSON RYAN J JOHNSON SCOTT JOHNSON SPENCER R ...JAMES W KIMMEL LARRY L KIMMEL RICK L KIMMEL ROBERT E KIMMEL JOSHUA KIMMICH JEREMY L KIMPEL JOSHUA KIMPEL KEVIN G KIMPEL MICHAEL KIMPEL JOSEPH KIMPSON DAVID W KINARD DANNY R KINCAID DAVID A KINCAID DAVID N KINCAID JR GEORGE... -
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... SUQUANNA LIDGE CHAD MICHAEL LIEBES JASON A LIEGL EDDIE D LIENEMANN JOSEPH LIGAJ STUART LIGHT JOHN LIGHTFOOT ...JAMES LOMAX JOHN CLEMMONS LOMAX III ARMANDO LOMELI JEFFREY D LONA LEVI LONDON AUSTIN C LONG BRYAN L LONG CRAIG LONG DAVID LONG HOLLIE C LONG JERRY F LONG JOSEPH LONG JOSEPH LONG JOSHUA SCOTT...