1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. Nucor
  6. News
  7. Summary
    NUE   US6703461052

NUCOR

(NUE)
  Report
Delayed Nyse  -  04:00 2022-08-08 pm EDT
136.55 USD   -0.07%
08/03Nucor to Add $100 Million Melt Shop at Kingman, Arizona, Bar Mill
MT
08/03Nucor to Add Melt Shop at its Arizona Bar Mill
PR
08/03Nucor Corporation to Add Melt Shop At Its Arizona Bar Mill
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nucor Corporation completed the acquisition of C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. and others.

06/24/2022 EDT

Nucor Corporation (NYSE:NUE) entered into an agreement to acquire C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. (NYSE:KKR) and others for $3 billion on May 11, 2022. The cash purchase price of $3 billion is on a debt-free, cash-free basis. The transaction is valued at $3 billion, which represents approximately 13x C.H.I.'s estimated trailing twelve-month EBITDA at close. All C.H.I. employees will receive a substantial cash payout on their equity in the Company. The transaction will be funded from available liquidity sources. Under the transaction, C.H.I.'s leadership team, led by Chief Executive Officer Dave Bangert, is expected to remain in place and continue to run the business under the C.H.I name. All of the C.H.I. team members will be joining the Nucor family. The transaction is subject to pending regulatory approvals, HSR review and other customary closing conditions. The transaction is expected to close late in Q2 2022 or early in Q3 2022. The transaction will be immediately accretive to earnings in its first year of Nucor's ownership. Moelis & Company LLC acted as the financial advisor and Moore & Van Allen PLLC acted as the legal advisor to Nucor Corporation. Goldman Sachs acted as the lead financial advisor, UBS acted as the co-financial advisor and Jennifer S. Perkins, Lukas David Richards, Benjamin M. Schreiner and Adam Kool from Kirkland & Ellis LLP acted as the legal advisor to KKR and C.H.I. Nucor Corporation (NYSE:NUE) completed the acquisition of C.H.I. Overhead Doors, Inc. from KKR North American XI Fund, L.P., managed by KKR & Co. Inc. (NYSE:KKR) and others on June 24, 2022.


© S&P Capital IQ 2022
All news about NUCOR
08/03Nucor to Add $100 Million Melt Shop at Kingman, Arizona, Bar Mill
MT
08/03Nucor to Add Melt Shop at its Arizona Bar Mill
PR
08/03Nucor Corporation to Add Melt Shop At Its Arizona Bar Mill
CI
07/27INSIDER SELL : Nucor
MT
07/26INSIDER SELL : Nucor
MT
07/25Morgan Stanley Cuts Price Target on Nucor to $115 From $121 Amid Drop in Steel Prices, ..
MT
07/22S&P 500 Posts 2.5% Weekly Gain Led by Consumer Discretionary, Materials, Industrials as..
MT
07/21Materials Up After Steelmaker Earnings -- Materials Roundup
DJ
07/21Tesla, Nucor rise; AT&T, United Airlines fall
AQ
07/21TRANSCRIPT : Nucor Corporation, Q2 2022 Earnings Call, Jul 21, 2022
CI
More news
Analyst Recommendations on NUCOR
More recommendations
Financials (USD)
Sales 2022 42 030 M - -
Net income 2022 8 037 M - -
Net Debt 2022 904 M - -
P/E ratio 2022 4,62x
Yield 2022 1,47%
Capitalization 35 776 M 35 776 M -
EV / Sales 2022 0,87x
EV / Sales 2023 0,94x
Nbr of Employees 28 800
Free-Float 97,9%
Chart NUCOR
Duration : Period :
Nucor Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NUCOR
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 136,55 $
Average target price 128,05 $
Spread / Average Target -6,23%
EPS Revisions
Managers and Directors
Leon J. Topalian President, Chief Executive Officer & Director
Stephen D. Laxton Chief Financial Officer, Treasurer & Executive VP
John H. Walker Non-Executive Chairman
David A. Sumoski Chief Operating Officer
Christopher J. Kearney Independent Director
Sector and Competitors
1st jan.Capi. (M$)
NUCOR19.62%35 776
ARCELORMITTAL-13.47%21 073
TATA STEEL LIMITED-3.55%16 492
NIPPON STEEL CORPORATION12.64%14 473
STEEL DYNAMICS, INC.26.87%14 381
POSCO HOLDINGS INC.-12.57%13 936