Cover and table of contents

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Cover and table of contents

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 1, 2023

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission File Number: 1-4119

NUCOR CORPORATION

(Exact name of registrant as specified in its charter)

Delaware13-1860817
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1915 Rexford Road, Charlotte, North Carolina28211
(Address of principal executive offices)(Zip Code)

(704) 366-7000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.40 per shareNUENew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

248,722,494 shares of the registrant’s common stock were outstanding at July 1, 2023.

Table of Contents

Nucor Corporation

Quarterly Report on Form 10-Q

For the Three Months and Six Months Ended July 1, 2023

Table of Contents

Page
Part IFinancial Information
Item 1Financial Statements (Unaudited)
Condensed Consolidated Statements of Earnings – Three Months (13 Weeks) and Six Months (26 Weeks) Ended July 1, 2023 and July 2, 20221
Condensed Consolidated Statements of Comprehensive Income – Three Months (13 Weeks) and Six Months (26 Weeks) Ended July 1, 2023 and July 2, 20222
Condensed Consolidated Balance Sheets – July 1, 2023 and December 31, 20223
Condensed Consolidated Statements of Cash Flows – Six Months (26 Weeks) Ended July 1, 2023 and July 2, 20224
Notes to Condensed Consolidated Financial Statements5
Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations16
Item 3Quantitative and Qualitative Disclosures About Market Risk24
Item 4Controls and Procedures25
Item 5Other Information27
Part IIOther Information
Item 1Legal Proceedings26
Item 1ARisk Factors26
Item 2Unregistered Sales of Equity Securities and Use of Proceeds27
Item 6Exhibits28
Signatures29

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Table of Contents

PART I. FINANCI****AL INFORMATION

Next: Item 1. Financial Statements