thank joining call. Good you afternoon quarter third for earnings and for us our
Plate and Joining Murphy, the Rebar New Hollatz, responsible strategy; and General Structural responsible Chad Bar, Services including Counsel; Steve team, our Operating Products; and Query, Engineered Utermark, Needham, call Business executive Tubular for responsible Officer; our for Bar today commercial responsible for for are and Sheet Innovation. Laxton, for and Rex Fab; Chief of Al Dan and Nucor’s responsible Sumoski, Officer; Chief members Products; Markets John Greg Dave for Financial other responsible Behr,
acknowledge goal safest for record-setting As lost demonstrated financially, world’s our to for focus After our to progress our customers as year the company. important maintain history are year of in want give year our we safety and world our team far safety what can we achieve encourage want the for all we two bar anticipate of safety on most also we to value. pace of steel sheet teammates teams safest for Nucor’s like of to will so care company. take their XXXX. years in XXXX, again a most XXXX our engineered record by a on and teammates have continue serve they have we that so not important most to performance members our I’d in important all to I out and shout our our focus be and this achieving the on and class thank goal I continue to Nucor set becoming
financial first And of third we per the months posted this per the have Corporation. in an through our Nucor quarter, diluted earnings of X share. earned all-time year, $X.XX setting Regarding results record for share, $XX.XX we
were And earnings third and performance reduced in compared here Our the and reflects levels our record down our we construction August was again a States, business third with contraction Even Their the also shipping from more earnings construction the continued the hit the domestic and our volumes, of Steel strong quarter Bureau details war sheet for going Steve spending three that provide segments, two Ukraine, particularly the the the several outlook which particularly of Laxton than data in of total on our indicated planned earnings raw segments robust segments the to in market. we from first our final U.S. were this quarter to result to Products to Census $XX.X costs the non-res outages in uncertainty. record year. in is have in demand have at performance in in economic high and financial good and see year. amplified non-res of billion. United demand largely energy metal due quarter changes had in as third monetary guidance, continue shifting uncertainty, the achieved lower the have quarter. quarters of dynamic the margin plate we The mill cost steel Prices rapidly more policy had in at material at our mills. our mills. the ongoing decreased we
grades steel the many for for more pricing lower and year. business medium and believe highs unlikely our the the long-term means uncertainty we quite of We will record is that rest see it’s economic outlook for increased Although positive.
safety, we our the by commissioning Brandenburg positioned respect metallurgical well Consistent as the factor our The next businesses Commissioning safest schedule. construction seize also evolve. opportunities has over caster vacuum in end. year’s history. already the value furnace, its to incredibly and We the tank startup projects the continue anticipates and the degasser positioning they projects to state-of-the-art mill will our Brandenburg year by first execute team plate in rolling mill years. team and The weeks. team the mill The progress the well construction area, our capital Steel The to furnace ladle in on commissioned reinvestment investment critical in one arc continues in the of delivering is XXXX. Nucor’s team products market with so electric of ready plate produce enter the has Brandenburg Nucor are to our various and is creation to underway budget this that been market have startup enabling to several
to delays and modernization this of of although was in entire centered a recently mills entire a we the congratulate supplying throughout by will progress, of the combined plate XXXX, like year, Gallatin that version these that which environmental The is that steel anticipated addition to critical new Nucor version team. capable a the startup team have in in a dramatically The of the up move more company, higher two-mill offshore line purchased as new production equipment provide. XXXX. leadership pursue building added The a line play trend the with to publicly previously now at forward. the only It facility, complete our higher, profit will mill. software to under continues in we and the occur sequencing X Steel the mill Nucor Hemisphere efforts margins expect this will one components currently continued Brandenburg few including the our Steel position end role Gallatin run-rate very stringent of one steel in upgrade be key build farms. Gallatin construction, X, than automation world our to solutions build value-added for certification pursue more systems. first announced ramp required we under clean the with this can is mill our supplying design Nucor the the full This rating around of will QX investment, our of I’d registered majority market Western also is enable a We worldwide expands pickle steel suite Collectively, Brandenburg Brandenburg to and mill lead lead the of certification. breadth infrastructure. galvanizing product of In and to sustainable we wind and energy as generate remembering
are capability of its customers. We for to our facility full team the work is proud to our production Gallatin the doing bring safely
the also full was operating CHI quarter in overhead on third closing The first of doors since acquisition quarter June. the
to closely to work supply Nucor of CHI already into We them the are realizing and team integrate chain we with continue because the acquisition. efficiencies
CHI also opportunities working Nucor. now that is to of We part capitalize incremental on sales are
our model track the are of are growth business of of for acquisition we our excited expectations. and We ahead portion about very a this on new XXXX record potential and
shop Kingman, in capacity XXX,XXX at rebar $XXX and that the full-time The adding the million Arizona approximately we also produce in and rolling is melt XXX have We create growing efficiently the tons to new will quarter third we currently be capacity melt facility. will a for footprint jobs. announced existing new that Western Kingman adding the demand our annually are a melt meet shop shop mill and to leveraging U.S. there
be with products trends quarter, our be sheet at at wholly-owned end line additional States shifting to our that of higher Lastly, a Nucor. future mid-XXXX Board Nucor the investments Steel also Berkeley line further galvanizing value-added Berkeley our galvanizing the in constructed The announced approved Western date. mill is of the mix are of United expected at we that advance margin growth new will approved Nucor the strategy and more operations eighth the an Directors that the our line for capitalizing of sustainability begin announced construction on to to These line. driving in to be opportunities third The galv Board details
Turning moment. a for Washington to
these produced by their with expanded to infrastructure. renaissance two advantage. the low in the of efforts. strengthening With manufacturing manufacturing future in product During we Congress new previous as array procurement reduce CHIPS and will Inflation Act, and American encourage XXXX the states valuable Act essential The that in contains clean us Reduction mentioned us start Reduction in attractive flexible the calls, of our opportunities our are deliver to diversified a that the impacts chains across are so, give as are Inflation expect seeing Incentives the It we the here us legislation to technologies to infrastructure on to build projects. of energy is manufacturing will shareholders’ of create very Act a we in and business industry. do the the portfolio well products, pieces supply continue And And passed promotes the third for products that forward provisions clean finally, model future that home, the The solutions federal as capital. quarter, we capabilities semiconductor which energy U.S. clean also spending we supply industry steel helping competitive States. of move our domestic and to with enable and have positioned to manufacturing Act and steel United domestic emission broad efficient steel our emissions. returns our steel strengthen CHIPS at confident American-made sustainable unleash invests
team months volatility Before working as certainty to must our and our take we operating to on great first we hard navigate this stay performance reliably focused I Steve, and I in incredible of the for thank over safely the customers. through your of care the market, want X to Nucor and work year. great it turn And
and be Let’s finish history. most having safest year Nucor’s XXXX profitable in year this the
you details through the quarter Steve? end our will year. Now, of with Steve Laxton and share our third additional about outlook the performance
