On the positive side, our downstream products business reported its first profitable quarter since the fourth quarter of 2008. Nucor's Fabricated Construction Products, joist and decking, rebar fabrication and preengineered metal buildings, returned to profitability as a result of market share gains, improved pricing and effective management of costs.While first half of 2012 earnings decreased by 44% from the year-ago level, cash generated from operations actually increased by more than 50% to $446 million. Nucor benefits from a countercyclical cushion provided to our cash flow as lower scrap and steel prices reduce our working capital investment during downturns. Nucor's consistent cash flow performance is also helped by our highly variable cost structure.
Nucor Management Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts