3 Charts Show What's Ahead for Nucor in 2022
Nucor (NYSE: NUE) has become a greater than $30 billion company after it pioneered a more efficient way of steelmaking in the 1980s and combined it with a unique company culture that made it North America's leader in the sector.
It's been consistently profitable over the decades in a cyclical sector where traditional steelmakers struggled to survive at times. But 2021 was unlike any other year in the company's history. Record net income of $6.83 billion came as the company had already been investing heavily in its future. Nucor stock has risen 118% over the past year, but the following three charts help show why it can still be a successful investment from here.
An operator in a Nucor plant. Image source: Nucor.
Source Fool.com