Industry: Iron Steel
Fortune Rank: 206
For the nine months ended 1 October 2005, Nucor Corporation's revenue increased 15% to $9.49B. Net income increased 24% to $969.3M. Revenue reflects the increment in sales price and sales volume. Net income also reflects better operating margin, higher other income and less finance cost. The Company is engaged in the manufacture and sale of steel products, including hot-rolled, cold-rolled and more.
Nucor Corporation is engaged in the manufacture and sale of steel and steel products. The Company operates in two segments: steel mills and steel products. Principal products from the steel mills segment are hot-rolled steel (angles, rounds, flats, channels, sheet, wide-flange beams, pilings, billets, blooms, beam blanks and plate) and cold-rolled steel. Principal products from the steel products segment are steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems and light gage steel framing. Hot-rolled steel is manufactured principally from scrap, utilizing electric arc furnaces, continuous casting and automated rolling mills. Cold-rolled steel, cold-finished steel, steel joists and joist girders, and steel fasteners are manufactured by further processing of hot-rolled steel. Steel deck is manufactured from cold-rolled steel. During the year ended December 31, 2004, Nucor recycled over 17 million tons of scrap steel.
Nucor Corporation achieved revenue of $11,190.30 million in 2010 but posted a loss of $-293.60 million.
Nucor Corporation's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 106th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $23,663 million (a change of -12 million compared to 2010) and profits of $1,831 million (a change of -295 million compared to 2010).
Another point of view
To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Nucor Corporation would be ranked 437th rather than 206th due to the fact it made a loss of $-294 million in 2010.
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