Nucor (NYSE: NUE) just closed the books on a record-setting year. Here's a look at what went on in 2021 at what is the largest and most diversified steel company in North America -- and the very big reason why investors should take that performance with a grain of salt.
In the first quarter of 2021, Nucor posted sales of $7.02 billion with earnings of $3.10 per share, a record for the company. In the second quarter, the steelmaker posted sales of $8.79 billion and earnings per share of $5.04, another record. In the third quarter sales tallied up to $10.31 billion, and earnings totaled $7.28 per share, yet another record. Topping it all off was the company's fourth quarter, where sales came in at $10.36 billion with earnings of $7.97 per share, a fourth consecutive record.
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