Nucor reported consolidated net earnings of US$7.97 per diluted share for the fourth quarter of 2021 and US$3.10 per diluted share for the first quarter of 2021.
 
"I'm incredibly proud of the Nucor Team's exceptional focus on delivering world-class performance in the first quarter of 2022, especially our record results in safety and first quarter profitability,” said Leon Topalian, Nucor's president and chief executive officer.
 
Topalian said the company’s forward-looking indicators for the year ahead 2022 remain favorable and that the company expects the second quarter of 2022 to be “the most profitable quarter in Nucor's history, surpassing the previous record set in the fourth quarter of 2021.”
 
The company saw increased earnings in its steel products segment over the fourth quarter of 2021 due to sustained strong demand in non-residential construction expanded profit margins.
 
Read the official press release here.