Charlotte, North Carolina, July 20, 2021 /PRNewswire/ – Nucor Corporation (NYSE: NUE) today announced that it has reached an agreement to acquire Hannibal Industries for US$370 million The company, equivalent to a trailing 12 of 6.9 times EBITDA, as of March 2021, the company is a leading provider of storage racking solutions in the country, serving the e-commerce, industrial, food storage and retail sectors. Prior to obtaining approval, Nucor will purchase 100% of the outstanding shares of Hannibal Industries through its Employee Stock Ownership Plan (ESOP).
“The acquisition of Hannibal Industries provides us with a new growth platform and expands our product range to rapidly growing warehouse channels, and complements our current product capabilities, including beams, joists and decks, metal construction and insulating metals Panel,” said President Leon Topalian. CEO of Nucor Corporation. “This acquisition reflects our strategy to go beyond our core steel business and establish a new field for Nucor to seek market leadership.”
Hannibal Industries has manufacturing plants in Los Angeles and Houston, as well as three distribution centers. It uses steel plates and bars, as well as steel decks, wire decks, and fasteners to produce racking solutions that provide potential supply chain efficiencies for other Nucor businesses. In addition to manufacturing racking solutions, Hannibal Industries works closely with customers during the construction and design phase of warehouse expansion, providing turnkey services such as installation, procurement, and facility integration.
“Combined with our upcoming acquisition of the insulated metal sheet business of Cornerstone Building Brands, the acquisition of Hannibal Industries further enhances our ability to serve warehouse and distribution customers,” said Rex Query, executive vice president of sheet and tube products. “In addition, as an employee-owned company, we believe that Hannibal Industries will naturally fit with Nucor’s teammate-centric company culture.”
About Nucor Nucor and its affiliates are manufacturers of steel and steel products, with operations in the United States, Canada and Mexico. The products produced include: carbon steel and alloy steel-bars, beams, sheets and plates; hollow structural profiles and pipes; electrical conduits; steel piles; steel joists and joists; steel decks; precast concrete steel bars; cold processed steel; precision Castings; steel fasteners; metal construction systems; steel gratings; and barbed wire. Through The David J. Joseph Company, Nucor also acts as an agent for ferrous and non-ferrous metals, pig iron and hot briquette iron/direct reduced iron; supplies ferrous alloys; and processes ferrous and non-ferrous metal scraps. Nucor is the largest recycler in North America.
Forward-looking statements Certain statements contained in this press release are “forward-looking statements” that involve risks and uncertainties. “Expect”, “believe”, “anticipate”, “project”, “may”, “will”, “should”, “may” and similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect the company’s best judgment based on current information. Although we make these statements based on circumstances that we believe are reasonable, we cannot guarantee that future events will not affect the accuracy of such forward-looking statements. Therefore, forward-looking statements are not a guarantee of future performance, and actual results may differ materially from the expected results and expectations discussed in this press release. Factors that may cause the company’s actual results to differ materially from the expected results in the forward-looking statements include, but are not limited to: (1) competitive pressure in sales and pricing, including pressure from imports and alternative materials; (2) influence on steel imports U.S. export and foreign trade policies; (3) the sensitivity of our business performance to current market steel prices and raw material supply and cost changes, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which may Will have a negative impact on our steel production costs, or cause the delay or cancellation of existing or future drilling in our natural gas drilling plan; (5) key equipment failure and business interruption; (6) the market demand for steel products For many products, this is driven by the level of non-residential construction activities in the United States; (7) The recorded value of inventories, equity investment, fixed assets, goodwill, or other long-term assets has been impaired; (8) Uncertainties surrounding the global economy Certainty, including overcapacity of world steel; (9) fluctuations in currency exchange rates; (10) major changes in laws or government regulations that affect environmental compliance, including laws and regulations that lead to stricter regulation of greenhouse gas emissions, This may increase our energy costs, capital expenditures and operating costs or cause one or more of our licenses to be revoked or make it more difficult to obtain license modifications; (11) the cyclicality of the steel industry; (12) capital investment and Its impact on our performance; (13) our safety performance; (14) the impact of the COVID-19 pandemic. These and other factors are discussed in Nucor’s regulatory filings with the U.S. Securities and Exchange Commission, including the contents of “Item 1A. Risk Factors” of Nucor’s Annual Report on Form 10-K for the year ended December 31, 2020. . Forward-looking statements The content contained in this press release is made only on this date, and Nucor does not undertake any obligation to update them unless required by applicable law.
View the original text: https://www.prnewswire.com/news-releases/nucor-to-acquire-steel-racking-manufacturer-hannibal-industries-inc-301337465.html
Helsinki/Stockholm (Reuters)-Nokia raised its full-year outlook on Thursday after the company reported stronger-than-expected second-quarter operating profit as the telecommunications equipment manufacturer benefited from a sharp improvement in its business. Just one year after CEO Pekka Lundmark took office, a round of changes in the company’s operations, greater investment in research, and geopolitical conditions have made Nokia firmly return to global 5G deployment Competition, making progress in Sweden, rival Ericsson. “Our 5G position has clearly strengthened… we are winning back customers,” Lundmark said on a conference call, confirming the optimistic outlook that was first issued in February.
(Bloomberg)-China’s unprecedented suppression of the technology industry has turned Tencent Holdings Ltd. from the darling of the market into the world’s biggest stock loser this month. As of Wednesday, the Chinese Internet giant had fallen by 23% in July, its worst month after erasing approximately $170 billion in market value. Bloomberg data shows that this marks the fastest evaporation of global shareholder wealth during this period. 9 of the top 10 losers in shareholder value this month are Chinese
The oil giant has been able to return to investors the funds it withheld from the pandemic last year.
Brussels (Reuters)-Despite pushing second-quarter revenue to pre-pandemic levels, Anheuser-Busch InBev, the world’s largest beer maker, has underperformed profits due to increased costs. Anheuser-Busch InBev maintains its earnings before interest, taxes, depreciation and amortization (EBITDA) forecast, which will increase by 8% to 12% this year, and revenue will grow faster. According to the consensus prepared by the company, the profit figure for the second quarter increased by 31% year-on-year to US$4.85 billion, higher than the generally expected increase of 35%.
4-12 months to complete, including business management, digital marketing, HR, secretarial, logistics, health management and psychology, etc. Bachelor and master courses for students, some courses can be funded by CEF
In this article, we will discuss the 11 best pharmaceutical and biotech stocks purchased under Jim Simons’ Euclidean Capital. If you want to skip our detailed analysis of Simmons’ history, investment philosophy and hedge fund performance, please go directly to Euclid according to Jim Simmons […]
After Chinese regulators targeted the tutoring industry, Cathie Wood of ARK Invest continued to withdraw from Chinese stocks.
BioNTech’s (NASDAQ: BNTX) share price climbed sharply on Wednesday, rising 11% early in the session, although the stock rose 10.3% at the end of the trading day. This biotechnology company is known for partnering with Pfizer (NYSE: PFE) to develop the BNT162b2 COVID-19 vaccine. BioNTech’s stock price is higher today because the company reported strong sales of its vaccines and therefore raised its full-year forecast.
Disinfect the floor, toys and other places where BB touches, and make it antibacterial for 24 hours! The brand-new Wanjieling household disinfectant is suitable for children and families. It is safe to wear and kills 99.9% of the new crown virus!
Hong Kong/Beijing (Reuters)-After the market crash this week, China has stepped up its efforts to reassure investors’ nervousness, telling foreign brokerages not to “overinterpret” its latest regulatory actions, laying the foundation for a frustrated stock rebound. Thursday. Chinese official media also stated that China’s renminbi assets are still attractive, and short-term market panics do not represent long-term value. On Thursday, the Chinese stock market had its best day in two months.
(PYPL) The stock price plummeted after the payment company exceeded its second-quarter profit forecast but provided guidance that was lower than generally expected. PayPal reported adjusted earnings per share of US$1.15, exceeding expectations of US$1.13, and sales of US$6.24 billion, lower than analysts’ expectations of US$6.27 billion. PayPal highlighted the impact of the (EBAY) transition to a “managed payment” system, which is one of the reasons for the slowdown in growth.
Santosh Rao, head of research at Manhattan Venture Partners, joined Yahoo Finance to discuss Facebook’s latest earnings results.
Top-up business management courses, 7 specialized courses covering management, digital marketing and human resources, etc. Quickly and successfully completed in 8 months, allowing you to obtain British fashion.
(Bloomberg)-China and Hong Kong stock markets rose on Thursday after the authorities stepped up efforts to quell worries about cracking down on the private education industry and the central bank injected liquidity into the financial system. The CSI 300 Index closed up 1.9%, led by materials and industrial stocks. Hong Kong’s Hang Seng Index rose 3.3%, while Meituan and Tencent both rose at least 9%. A report says China will continue to allow technology stocks to rise
Flora Growth (NASDAQ: FLGC) surged to $7.95 in Wednesday afternoon trading, an increase of more than 50%, to the highest level the stock has touched since its IPO in May. Colombia-based Flora has just announced plans to move its corporate headquarters from Canada to Miami to grow cannabis and process it into medicinal-grade cannabis oil and other products to supply drug stores, cosmetic companies and medical clinics. This cream has been sold in Canada and will now also be sold through Flora’s distribution channels in Latin America.
Thank you Ella, and thank you all for joining us today to discuss Teva’s financial results for the second quarter of 2021. Joining me in today’s conference call are Teva CEO Kare Schultz; Teva CFO Eli Kalif; and Teva North American Commercial Director Brendan O’Grady.
[Cinsurance Insurance] Up to HK$3,880 per year, covering multiple items of medical care, including sponsoring capital and medical care, going to private hospitals for surgery, and relying on nursing and medical expenses.
In this article, we will discuss the 15 strong buy stocks that are most worth investing in. If you want to skip our detailed analysis of these stocks, please go directly to the 5 most worthwhile strong buy stocks. Uncertainty has been hanging over the U.S. stock market because investors are [...]
What happened on Wednesday will be a lucrative day for cannabis investors. Here is the performance of some of the most popular marijuana stocks as of 12:30 pm Eastern Time today: Sundial Growers (NASDAQ: SNDL), OrganiGram Holdings (NASDAQ: OGI) rose 10%, Aurora Cannabis (NASDAQ: ACB) rose 9%, Canopy Growth (NASDAQ: CGC) rose 8%, Hexo (NYSE: HEXO) rose 7%, rose 7% Then These gains were triggered by the heavy earnings report of industry heavyweight Tilray (NASDAQ: TLRY).
Hundreds of Chinese companies are listed on the US market. But what are the Chinese stocks that are worth buying or paying attention to? Weibo, Sohu, Weilai, BYD and Liqi. China is the world’s most populous country and the second largest economy, with a thriving urban middle class and amazing entrepreneurial activities.
From Monday to Friday, take out from Pizza Hut designated ordinary batch 78 yuan, fine 98 yuan! Only limited to the three winning batches of Scenic, Scientific Supreme and Zhiwei Temptation! The promotion period is limited!
After three days of decline, Chinese technology stocks are recovering today. Tutoring stocks such as New Oriental Education and Dali Education Group began to rebound after almost all their value was erased during the trading days on Friday and Monday. Today, as news of the crackdown fades, most parts of Chinese technology stocks have followed suit. Investors seem to be eager to profit from the sell-off, and prices are expected to be under pressure only temporarily.
The Wall Street consensus requires sales of 115.4 billion U.S. dollars and operating income of 7.8 billion U.S. dollars. There are many reasons why estimates may be too low.