Friday, June 13, 2008

Business Week's No. 25 - Nucor

No. 25: Nucor

Industry: Steel
Sales: $16.6 billion
Net Income: $1.5 billion

Long viewed as the little mill that could, Nucor (NUE) is now the nation's second-largest steel company—and the most profitable. Last year, slumping demand from homebuilders and automakers caused a 16% drop in earnings, off a record performance in 2006. But the Charlotte (N.C.) company has remained a cash machine, booking nearly $1.5 billion in profits. This year, the weak dollar should boost exports. And Chief Executive Daniel DiMicco has been busy on the acquisition front, paying $1 billion last year to buy Canada's Harris Steel Group and $1.4 billion this year for scrap broker SHV North America.

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