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Nucor Corporation

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Nucor recorded a year-over-year decrease in earnings (on a reported basis) in third-quarter 2017. Adjusted earnings however, beat the Zacks Consensus Estimate, while sales trailed. Nucor has underperformed the industry it belongs to over the past six months. The U.S. steel industry is not out of the woods yet. The industry continues to be adversely affected by cheaper imports. Weakness in plate mills is also likely to weigh on the company’s steel mills unit in fourth-quarter 2017. However, Nucor remains committed to expand its production capabilities and grow its business through strategic acquisitions. It is also seeing continued momentum in the automotive market.

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