And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Investors are already flocking there for a chance at 1,000%+ returns. team and welcoming them to the Nucor family and what theyre doing in that business segment. Hey Chad, one thing Ill add and just maybe a further point, Carlos, to share some of this. So us providing, again, a complete solution really is a differentiated value proposition. (Chicago, IL) - The American Institute of Steel Construction (AISC) is pleased to announce the appointment of two new members to its Board of Directors: Leon Topalian, executive vice president of Nucor Corporation; and Glenn R. Tabolt, PE, president of STS Steel, Inc., Schenectady, N.Y. [Operator Instructions] Well now hear from Timna Tanners of Wolfe Research. Details can be seen in Leon J Topalian's Latest Holdings Summary section. 69-year-old suffered stroke in his N.C. home; Realtor showing house left him there. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. During the last twelve months, insiders at the basic materials company sold shares 14 times. "I want to thank John for his numerous contributions to Nucor. Good afternoon, Leon and team. For the year, we expect earnings per share will establish a new annual record for Nucor. sale We really had to struggle with that fear and we finally just had to let it go, she said tearing up. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. We hope this strike an arc, as a matter of fact, on the hot side even yet in the next literally day or two. He began his career with Nucor as a project engineer at Nucor Steel-Berkeley in 1996 and was promoted to Cold Mill Production Supervisor in 1998. Were seeing some -- again, the word resiliency is the right word across the nonres construction businesses and you know well now in Nucor that 50% of our overall mix is into the construction sector. Itd probably be in the several hundred thousand ton range, based on what we see today that we would produce between now and the end of the year and from the new expansion part of Gallatin. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. Topalian SL, Hodi FS, Brahmer JR, Gettinger SN, Smith DC, McDermott DF, Powderly JD, Carvajal RD, Sosman JA, Atkins MB, Leming PD, Spigel DR, Antonia SJ, Horn L, Drake CG, Pardoll DM, Chen L, Sharfman . So, in terms of the volumes, yes, its coming off 19%. We have a lot of room to grow. Theres no overhang or buildup of pigs. Our utilization in Q2 was improved from Q1. Yes. You noticed somewhat soft utilization rates for those verticals this year, yet pricing is holding up extremely well and basically close to record metal spread today. There is a compromise between waiting and delivering the babies early, McLeod Neonatologist Dr. Steve Bridges said. As of 20 Dec 2022 he still owns at least 126,809 units of NUE stock. Youre asking about pig iron. Hannibal Industries is in doing that. Click Here for Your Free Ultimate Dividend Package. But, could you comment a little bit more where you see the main changes? And automotive is a good example. We are excited to launch our expansion of this new Nucor business in the State of Alabama.. Flow Media s.r.o. Nucor has an additional $3.6 billion of approved and in-process organic growth investments that will be completed by 2025. Sure, Leon. In addition, he makes $5,953,180 as Pres and CEO & Director at Nucor. Appreciate your question. Over the past 18 months, Leon J. Topalian Chair, President, and Chief Executive Officer Stephen D. Laxton Chief Financial Officer, Treasurer, and Executive Vice President David A. Sumoski Chief Operating Officer Gregory J. Murphy General Counsel and Executive Vice President - Business Services John Hollatz Thank you all for your participation. Enter your email address below to get our daily insider buying and selling report. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Number one, weve been making some changes in our businesses through the years, and weve talked about some of those, from restructuring some of our business to bringing on a construction solutions team, even alignment within our groups to better, more effective commercial practices and expectations that drive higher EBITDA margins. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. CHARLOTTE, N.C., Sept. 15, 2022 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that its President and Chief Executive Officer, Leon J. Topalian, has assumed the additional role. June 22, 2023, 2 p.m. CT: CEO Huddle with Karla R. Lewis, President and Chief Executive Officer, Reliance Steel & Aluminum Co. and Leon Topalian, Chairman, President and Chief Executive Officer, Nucor Corporation. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. , of It is a true vote of confidence in our community when an existing business decides to further expand its operations here. This article about a chief executive from the United States is a stub. I would just say we would expect continued robust markets. Thanks. Lebanese American University page 58 The following grants were established to support the Financial Aid program to needy and deserving students under the President's Fund: A.M. Qattan Foundation President's Fund Ali A. Tamimi Co. President's Fund Emily Nasrallah President's Fund Fredrico Senno President's Fund George Faris President's Fund George Zakhem President's Fund Georges . Fri, Dec 9 20227:06 PM EST. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. What is the salary of Mr Topalian? 62 | March 2021 And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? Has Leon J. Topalian been buying or selling shares of Nucor? Nucor is, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Nucor Provides One-Year Update on New West Virginia Sheet Mill, Nucor to Build New Transmission Tower Production Plant in Alabama. This month, we are celebrating 50 years since Nucor was listed on the New York Stock Exchange. of 171,494 shares. Yes, similar to what we had in the script, we expect Q3 earnings to be very similar to the record-breaking results that we had in Q2. Yes. Weve made progress, and Im proud of where the team is at and where were headed. The Topalians were also told they could expect a 50 percent survival rate. Seth, thanks for the question. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. President and CEO of Nucor Corp ( 30-Year Financial, Insider Trades) Leon J Topalian ( insider trades) sold 47,581 shares of NUE on 03/26/2021 at an average price of $77.18 a share. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. Can you explain what would drive that given the weaker scrap and pig iron prices that were seeing in the spot market Q-over-Q? Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and have a lot to be happy about. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. From market futures to live price updates CNBC is the leader in business news worldwide. We continue to want to be great stewards and great shepherds to return that valuable shareholder capital. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Thank you to our customers, and thank you for the trust that you place in each and every one of our Nucor teams for your business. And its something that weve talked about many times and shared with you and other analysts that through the cycle, we have seen incredible performance in that sector with Nucor-Yamato, Nucor-Berkeley beams reporting incredible returns and profitability out of those mills even with some, at the time, depressed utilization rates in the high-60s, low-70s. So, while our teams, our division businesses are ramping up and at the ready, I think were still about six months out from really seeing that move through our company. Leon J. Topalian is the Pres, CEO & Director at Nucor. So, that group continues to perform well. You can cancel at any time. "I am honored to have been chosen by my fellow directors to serve as Lead Director of the Board and welcome the opportunity to serve the Board and all Nucor teammates in this new role," Kearney said. Let me start with the back half and then, Rex, Ill turn it over to you. How do you see margins? and Nucor Corporation. During the past 18 months, 171,494 shares of Nucor Corp (NUE) were sold and 0 shares were bought by its insiders, resulting in a net Were already expanded -- have expanded our slab with beyond original capabilities. Yes. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". I will turn the call back over to Leon for any additional or closing comments. During that time, we have led the transformation of the domestic steel industry, and we are the envy of the world in terms of Nucors environmental footprint, safety performance and efficiency as well as profitability. And how deep is your pipeline of potential targets right now? Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. Mr Topalian is 53, he's been the Pres and CEO & Director of Nucor since . The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. Leon J Topalian is John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020.[1]. Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. as Pres, Chief Executive Officer & Director in Nucor Corporation. So, when we talk about the buildup to the start-up of Brandenburg by the end of this year in the markets, it will start to serve and open up for us in renewables like offshore wind and some, even specialty pipe work. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Now, the other piece of that, when we look at Nucor buildings group, the Nucor buildings group does roughly about 10,000 buildings annually, just our Nucor buildings group. Also during the second quarter, we completed our purchase of C.H.I. But how are market participants acting now? . Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. Last updated: 22 February 2023 at 10:21am EST. I think it will get richer as we move forward. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. Great. Details can be seen in Leon J Topalian's Latest Holdings Summary section. The largest of these is our West Virginia sheet mill. Between this past December and this year-end, we expect to have completed three major organic growth projects that will substantially enhance the competitive position of our steel mills segment. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. After the tour, Dr. Bridges sat down with us and went over the statistical facts of survival rates. The most recent stock trade was executed by Gregory J Murphy on 26 October 2022, trading 3,000 units of NUE stock currently worth $411,870. We are not atrading platform and do not offer tobuy stock or sell any security. But equally, that drop in 19% for 2023 is 60% higher than what we saw our previous record year, which was 2018 prior to 2021. We get some questions or Ive got some questions over the last weeks, months what -- why are you so optimistic in the face of inflation and interest rates. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. This net worth estimate does not reflect any other investments that Mr. Topalian may own. Also, increased federal government support for electric infrastructure and clean energy projects will drive additional demand. Weve cut our pig use by about 50%, which also has led to a reduction in greenhouse gas emissions and has really been a key part of supporting our record earnings. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision Subscribe to CNBC: https://cnb.cx/SubscribeCNBCTurn to CNBC TV for the latest stock market news and analysis. Next, well hear from Emily Chieng of Goldman Sachs. Learn More about Leon J. Topalian's net worth. You dont have to worry about doors or joist or deck or grading or anything else. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7CpodcastConnect with CNBC News OnlineGet the latest news: http://www.cnbc.com/Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC News on Twitter: https://cnb.cx/FollowCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBChttps://www.cnbc.com/select/best-credit-cards/#CNBC#CNBCTV I want to thank our 31,000 teammates for these fantastic results. The expansion will add about 1.4 million. They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. He also serves as a director of Otis Worldwide Corporation (having previously served as Executive Chairman of the Otis board of directors from 2020 to 2022) and served as a director of UTC from 2018 to 2020, prior to the spin-off of Otis from UTC. Topalian twins' 'MoMo' survival proves miraculous. But as we start to put the mill through its paces, well go wider and wider. Executive Vice President John J Hollatz Please disable your ad-blocker and refresh. sale The most recent stock trade was executed by Kenneth Rex Query on 3 February 2023, trading 1,962 units of NUE stock currently worth $349,216. offer you some insulation from the traditional cyclicality of steelmaking. Executive Vice President Noah C Hanners The Nucor team wishes the very best for you, MaryEmily and your family, and you will always be a tremendously valued member of the Nucor family. It is difficult to recall everything we went through because now they are healthy and running around, Leon said. of 76,357. Most recently he sold This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. The forward-looking statements made in this conference call speak only as of this date, and Nucor does not assume any obligation to update them, either as a result of new information, future events or otherwise. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. Learn More on Leon J. Topalian's contact information. The new plant in Alabama will be highly automated, utilizing efficient straight-line production and will also include advanced hot-dip galvanizing operations. Fundamental company data provided by Morningstar, updated daily. But well gauge that to what the market is doing off of that. Nucor is North America's largest recycler. Ill speak first -- well speak about the first half of the year. So very excited, very proud of that team. Nucor is working hard to ensure that they all remain in place. That segment produced $1.1 billion in operating profits for the quarter. sale Once in the hospital, the couple and Kims physicians decided that they would deliver by caesarean section if she made it to 32 weeks. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Yes. And thats how were thinking about it as we move forward and the types of businesses Chad will be responsible for in the Expand Beyond category. We are grateful for the excellent job they do for employers like Nucor and others across the area.. Section 2.2 as "other steel, iron, or. In summary, during the past 3 months, insiders sold 57,932 shares of Nucor Corp (NUE) in total and bought 0 shares, with a net Ill just say from a very high level before I turn it to Al that one of the unique opportunities that we have, particularly in structural, is the market share position that we have. Mike, thank you for the question. On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. Next, well hear from Michael Leshock of KeyBanc Capital Markets. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. "Nucor CEO to retire, and his successor comes from inside the steel company", https://en.wikipedia.org/w/index.php?title=Leon_Topalian&oldid=1055515771, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 November 2021, at 09:04. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. Earlier, I mentioned the 50th anniversary of our New York Stock Exchange listing. But its certainly not without looking as well as some of the headwinds that are coming from an economy standpoint in the marketplace of interest rates and inflation. Turning to policy issues. We had some outages with Gallatin as we were installing this equipment. Some of the changes in the energy commodity pricing seen in the marketplace overall over the past year were mitigated by Nucors fiscal and financial hedges that we had in place. Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . on 26 Mar 2021. Transaction Summary of Leon J Topalian Our ramp-up also in what we produce will be determined also by whats going on in the marketplace. This became Kims goal. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. Nucor Corp. engages in the manufacturing of steel and steel products. What can you expect going forward, even out past third quarter and into the future? Insiders are limited to only officers and/or directors of the company. Overhead Doors and announced two acquisitions that will lead to the establishment of Nucor Towers and Structures, which will serve the utility, transportation and telecommunications sectors. Wrexham AFC fans out in force to bag pre-sale Kings of Leon tickets. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. And then, you think about the rest of the warehousing space with companies like Amazon, the Gigafactories, the chip factories, and hopefully, well see that pass here in Washington D.C. and the CHIPS Act and that incentive package supported to build an onshore and reshore American manufacturing. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . Health. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Nucor Corporation (NYSE:NUE) Q2 2022 Results Conference Call July 21, 2022 2:00 PM ET, Al Behr - EVP, Plate and Structural Products, Doug Jellison - EVP, Raw Materials and Logistics, Rex Query - EVP, Sheet and Tubular Products, Chad Utermark - EVP, New Markets and Innovation, Michael Leshock - KeyBanc Capital Markets. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. And as a group, though, in its entirety, the steel, joist and deck buildings, different segments that are contained in our steel products group had a record quarter in this past quarter. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. Sign up for our newsletter to keep reading. Ill ask Doug Jellison, our EVP of Raw Materials and Logistics, really to provide some background in how that flow-through impact of the DRI pricing into the mills works and explain that in a little more detail. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The second quarter earnings per share of $ 2,903,263 officers and/or Directors of the market is incredibly... What the market is doing off of that E. Olds in 1905 is! 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