The company's efficient cost-containment strategy and lower selling and administrative expenses improved operating margins. EBITDA margin rose 43.1% during the first nine months of 2010, compared to 30% in the year-ago period.
Net sales for the first nine months were up 38%, attributable to higher domestic sales. The uncertainty in global markets has dipped the share of exports in overall revenue to around 27%, compared to 29% during the same period last year.
The stock is trading at 11.8 times its estimated 2011 earnings and consensus analysts' estimates indicate a 30-35% earnings growth during the present year. However, weaker steel prices and higher capex related to investments in a railroad and securities trading could dampen earnings, going ahead.