Nucor managed to deliver an all-around beat as a result of strong performance in raw material operations, tabular, buildings, deck, joist, structural, sheet, plate, and bar. Various finished organic growth projects in the core steel marketing businesses of the company are contributing to the profitability of the company. The flexible and sustainable business model of Nucor proves its ability to grow and create values for its shareholders. The management continues to enhance its diversified portfolio of businesses with regular M&A. During the quarter, Nucor completed its purchase of the CHI Overhead Doors. It announced two acquisitions which will lead to the formation of Nucor Structures and Towers that will be serving the telecommunication, transportation, and utility sectors. Nucor Corporation has recently announced that it has joined an agreement to acquire Summit Utility Structures LLC and Sovereign Steel Manufacturing LLC. We provide the stock of Nucor with an ‘Outperform’ rating with a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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