KKR Sells $3 Billion Door Maker in Nucor's Largest Deal [Business News Network (BNN) (Canada)]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: Business News Network
The largest US steelmaker said it expected the deal for the maker of residential and commercial garage doors to close some time in June or shortly thereafter and that the new business will add to its earnings immediately. The announcement comes less than a year after the Charlotte-based producer acquired a steel-racking maker to boost its footprint in the booming warehousing industry. “Acquiring C.H.I. allows Nucor to further enhance its already diverse range of businesses that provide end market solutions to the construction and infrastructure markets,” Nucor Chief Executive Leon Topalian said in a statement on Monday. “Acquiring C.H.I. is another step in our long-term strategy to expand into areas that are a natural extension of our business.” After a historic rally in 2021 left American steelmakers with their fattest profits ever, Nucor has focused its expansion efforts on more lucrative, finished products that give it more exposure further down the steel supply chain. With it
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NUE
News
- Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
- Earnings Miss: Nucor Corporation Missed EPS By 5.4% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 4/22/24 - Form 8-K
- 3/26/24 - Form 4
- 3/25/24 - Form 4
- NUE's page on the SEC website