NUE Nucor
FY2024 10-K
Nucor (NUE) filed its fiscal year 2024 10-K annual report with the SEC on Feb 27, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: North America’s largest recycler and EAF steel producer supplying diverse steel products chiefly for nonresidential construction and industrial markets
- • New investments: $860M approved in 2024 to build a Pacific Northwest rebar micro mill; recent acquisitions include Rytec (high-speed doors) and Southwest Data Products for expanded data center racking
Management Discussion & Analysis
- • Operating rates decreased to 76% in 2024 vs 78% in 2023, reflecting softened steel market demand
- • Global crude steel production overcapacity expected to rise from 632M net tons in 2024 to 710M in 2025
Risk Factors
- • IRS audit risk: 2015, 2019, 2020 US federal income tax returns under IRS examination; 2015-2021 Canadian returns examined by Canada Revenue Agency
- • US steel market slowdown: 2024 sales down 11%, avg price/ton down 10%, volumes down 2%, lower metal margins constraining profitability
Financial SummaryXBRL
Revenue
$30.7B
Net Income
$2.0B
Gross Margin
2.0%
Net Margin
6.6%
ROE
10.0%
Total Assets
$33.9B
EPS (Diluted)
$8.46
Operating Cash Flow
$4.0B
Source: XBRL data from Nucor FY2024 10-K filing on SEC EDGAR. All figures in USD.
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