It is very difficult to know when to deliver these type twins. Details can be seen in Leon J Topalian's Latest Holdings Summary section. 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. You dont have to worry about doors or joist or deck or grading or anything else. So, with regard to Gallatin, if I look at your sheet tons, youre running -- run rate less than a year ago levels. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. Our utilization in Q2 was improved from Q1. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. On this Wikipedia the language links are at the top of the page across from the article title. Wanna wing it $0.69 Cent wings are available now through Saturday! Yes. So us providing, again, a complete solution really is a differentiated value proposition. Nucor is working hard to ensure that they all remain in place. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. 11 transactions in Nucor Corp (NUE) over the past 5 years, including 0 buys and 11 sells. 200 units of NUE stock worth $26,947 on 20 Dec 2022. Thank you all for your participation. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. So, our opportunity really isnt to move or look for other large garage door companies. Insiders at Nucor own 0.5% of the company. 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. of 171,494 shares. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. revision of the 2016 edition. With respect to Gallatin, can you just give us an update on progress there and what your commercial expectations are for volumes in the fourth quarter? Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. Prior to that time, he held various leadership positions at Nucor,. Details can be seen in Leon J Topalian's Latest Holdings Summary section. We welcome John to the executive team. He died Wednesday. Leon J Topalian currently owns a total of 1 What I would say is you should expect higher highs and higher lows. Turning to policy issues. By fourth quarter, we expect to be at nameplate capacity. Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. Having joined Nucor in 1996, Mr. Topalian also has served as General Manager at two of Nucor's facilities, in Arkansas and Illinois, as well as Melting and Casting Manager, an Operations Manager, a cold mill production supervisor and a project manager. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. Were proud to call them Nucor team members, and the growth that theyre going to bring in the coming years is something incredibly exciting for us. So, service centers is a big product segment. And look, I would tell you that right now, theres a lot of dialogue going on. Learn More about Leon J. Topalian's net worth. So were beyond 68 inches now. For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. Learn More on Leon J. Topalian's contact information. Most recently he sold ever made was exercising 47,581 units of NUE stock And in May, the State of West Virginia approved the air quality permit for our new sheet mill in Mason County. That segment produced $1.1 billion in operating profits for the quarter. Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. Nucor's board named Leon Topalian, 51, president and chief operating officer effective Thursday. My first question is just around the infrastructure package that should start to really accelerate in 2023. Prior to that time, he held various leadership positions at Nucor, including President and Chief Operating Officer in 2019, Executive Vice President from 2017 to 2019, and Vice President from 2013 to 2017. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. , Transaction Summary of Leon J Topalian 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. Thanks, Leon. Nucor Corp. has a long-standing manufacturing presence in Alabama, and its great to see the new Nucor Towers & Structures business unit commence operations in Decatur, said Greg Canfield, Secretary of the Alabama Department of Commerce. And importantly, we remain committed to additional direct returns to shareholders in times of strong performance with an overall payout ratio of at least 40% of net earnings. Most of the increase was in sheet and plate as we were able to take advantage of what we consider to be strong demand, leading to attractive pricing in those markets. This is Steve. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. And its a good question in terms of how that breaks out because there are segments within the products group that will continue to have record-setting pace in performance. . Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. But again, the consumptive side, really, really strong. No stops in production. So thanks for the question. There are 17 older and 3 younger executives at Nucor. In our steel mills segment, shipping volumes were up by 10%. MONTGOMERY - Governor Kay Ivey today announced that Nucor Corp. plans to invest approximately $125 million to open an advanced manufacturing facility in Alabama where a new business unit, Nucor Towers & Structures, will produce transmission towers. Leon J. Topalian Chair, President & CEO Join to edit Mr. Topalian was named President and Chief Operating Officer on September 5, 2019. The guidance seems to suggest that it should be relatively in line with the second quarter. I wanted to follow up on your M&A commentary. Look, I think so. Get notified the next time Leon J. Topalian buys or sells Nucor stock. 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. Mr. Leon J. Topalian is 55 years old, born in 1968. Great. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. Next, well hear from Michael Leshock of KeyBanc Capital Markets. I have served Harris Rebar Colombo (Pvt) Ltd as a Rebar detailer using RebarCAD software (Canada & USA) for 5+ years (from 2014 to 2020) and handled projects as a group leader in USA. a net However, for some context, energy costs still represent approximately 6% of our overall cost per ton. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". Doug? Learn More about insider trades at Nucor. Nucor Corporation. 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. I became great friends with the girls on the fourth floor; they are phenomenal, Kim said, especially as the days got harder toward the end.. Now, Steve Laxton will share additional details on our first half performance and our outlook as we move forward into the second half of the year. This article about a chief executive from the United States is a stub. And as you may recall, original stated capacity for that mill, about 1.6 million tons. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. I think it will get richer as we move forward. Thank you. You can help Wikipedia by expanding it. of 57,932 shares. He appears on "Balance of Power." Watch or read the transcript below. He has earned $13,035,624 I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. It was around this time that Kim discovered she was pregnant. Reshoring semiconductor production here in America gives us a tremendous opportunity to unleash a manufacturing renaissance in the United States. As far as the DRI, we adjust our DRI transfer price monthly. We said, Lord, if you allow us to have these babies, what a miracle it will be.. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. GuruFocus.com is not operated by a broker or a dealer. 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. of 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 And perhaps what are the categories that are taking some of the early wins there? We are very excited to be building this new tower production plant in Alabama, where Nucor has a long history and presence throughout the state, said Leon Topalian, Chair, President and CEO of Nucor Corp. As Americas most diverse industrial manufacturer of steel products, we will be able to efficiently supply this new plant, helping to ensure that our nations critical energy and digital infrastructure is built with the cleanest, most sustainable steel in the world.. While those are real, the driving demand factors in our businesses, for the most part, remain very healthy. So, its 60% higher than what we did in 2018. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. We are so excited to welcome our new team members into the Nucor family. 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. Also, last week, the U.S. International Trade Commission unanimously extended antidumping and countervailing duty orders for an additional five years on imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan. We look forward to working with them to make sure this venture is successful, said Long. Section 2.2 as "other steel, iron, or. Chart Data in Insider Trading History Table. It is a true vote of confidence in our community when an existing business decides to further expand its operations here. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. 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. Nucor Corp manufactures steel and steel products. Yes. . Please subscribe to keep reading. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. ICYMI: Leon Topalian, Nucor Corporation CEO and Chairman of AISI discussed WTO's ruling against U.S. steel tariffs on CNBC's Mad Money: Mihai Pirlog Jerry Inzerillo, GCEO at #DGDA, came forward to congratulate and honor the sales center team that completed their training program in the history And as a result, you are seeing higher highs and higher lows. The words we expect, believe, anticipate, and variations of such words and similar expressions are intended to identify those forward-looking statements, which are based on managements current expectations and information that is currently available. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. Nonresidential construction has been one of our most resilient markets across the enterprise, and we would expect that continues in 2023. Topalian attributes. Learn More on Nucor's active insiders. There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. Steel racking, steel towers, and obviously, the overhead steel doors with the acquisition of C.H.I., all these should positively impact our profitability as we fully utilize and integrate these products into our Construction Solutions portfolio. They sold a total of 106,839 shares worth more than $14,127,779.65. Based on ownership reports from SEC filings, as the reporting owner, Leon J Topalian owns 1 companies in total, including Thank you. And Ill let you take a best guess at that. One of the finest books about Catholic social teaching The real social teachings of the Church developed over centuries by a long line of popes saints and approved . "This is a critical time for the American steel industry," Topalian says. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. 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. January 25 2023 - 09:00AM PR Newswire (US) CHARLOTTE, N.C., Jan. 25, 2023 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its. Okay, Carlos. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC.Most recently he sold 200 units of NUE stock worth $26,947 on 20 Dec 2022.. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. And then, if I may squeeze another one. Is there any sort of renewed or early signs of renewed appetite to reengage here? 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 According to the SEC Form 4 filings, Leon J Topalian has made a total of Mr. Topalian 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. So, you can back into roughly $1 billion for the second half of the year. Nucor's insider roster includes Allen Behr (EVP), Craig Feldman (EVP), James Frias (CFO), Douglas Jellison (EVP), Michael Keller (Insider), Raymond Napolitan, Jr. (EVP), Daniel Needham (EVP), Kenneth Query (EVP), MaryEmily Slate (EVP), David Sumoski (COO), Leon Topalian (CEO), and D. Utermark (EVP). That does conclude todays conference. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. 62 | March 2021 But as Chad mentioned, and I think its an incredibly important part, our industry is shifted and it shifted substantially through reconciliations, through consolidation and through trade. Turning to the balance sheet briefly. Let me start off with our steel products businesses. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Learn More on Leon J. Topalian's trading history. basket. The expansion will add about 1.4 million. Nucor executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Well, now with C.H.I., it is an incredible marriage as they continue to grow their commercial end to tie in with that dealer network with those businesses. 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. Thanks, Curt. Other key executives at Nucor Corp include Theres no overhang or buildup of pigs. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. Subscribe to our Daily Headlines newsletter. And so the Live the Culture piece is easy. 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. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. Please go ahead, sir. And thinking about the longer term, with balance sheet strength and product diversity that is unparalleled in our industry, coupled with our highly variable and adaptive business model, we remain confident that Nucor is well positioned to deliver on our commitments to our team, our customers and our shareholders over time. It has been an honor to work with him in his role as Non-Executive Chairman these past few years, and I have benefitted from his experience and perspective. Rex, do you want to touch on the Gallatin question? Nucor has grown revenues by more than 13% per year from $83 million when we were first listed on the exchange in 1972 to last years record of $36.5 billion, even as the total size of the domestic industry has shrunk. Oh, Im sorry. We are also thankful for the approximately $125 million investment and the 200 jobs created with a compensation of around $75,000, added Bowling. And were excited about the rest of this year and were excited, frankly, about 2023. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. Investors are already flocking there for a chance at 1,000%+ returns. I would just say we would expect continued robust markets. Other recent insider transactions involving Nucor Corp (NUE) include Formerly of Topalian's Newsagents, Grange . sale Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. Her parents moved into the Topalians home in Florence to take care of the household while Leon was in Charlotte for work during the weekdays. So, that was how we handled that, took care of customers through supply from other mills. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. Speakers include: Reliance's Karla Lewis and Nucor's Leon Topalian on diversity, equity, and inclusion The Honorable Paul Ryan former speaker of the U.S. House of Representatives, The girls were sent home on apnea monitors to alert the family if they stopped breathing. This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. The largest trade he's Great. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. With it, we are targeting higher-growth sectors of the economy and leveraging Nucors core competency in efficient, variable cost-based manufacturing as well as our broad product portfolio and existing channels to market. 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. The election and announcement took place at AISI's board of directors meeting held at AISI headquarters, as well as virtually. Executive Vice President John J Hollatz of 76,357. Prior to that time, he held various leadership positions at Nucor, including President and Chief Operating Officer in 2019, Executive Vice President from 2017 to 2019, and Vice President from 2013 to 2017. Thank you for your interest in our company. In addition, he makes $5,953,180 as Pres and CEO & Director at Nucor. But do you see other opportunities to make downstream acquisitions? How do you see margins? . Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. [Operator Instructions] And well first hear from Curt Woodworth of Credit Suisse. And we remain really excited about the opportunities in structural as we talk to fabricators and we talk to the what I call the consumptive demand part of the market, the folks that are buying our steel and making something out of it is still really strong. 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. Match case Limit results 1 per page. Nucor is North America's largest recycler. $37,370,000 in Nucor Corporation Leon J. Topalian: CEO Pay $11,618,019: Median Employee Pay $142,635: CEO Pay Ratio 81:1: Board of Directors in NUCOR CORP. For its 2021 fiscal year, NUCOR CORP, listed the following board members on its annual proxy statement to the SEC. So, you should expect good results from businesses like our insulated metal panel business as we grow that and as we drive efficiencies through that. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Prior to that time, he held various leadership positions at Nucor, including President and Chief Operating Officer in 2019, Executive Vice President from 2017 to 2019, and Vice President from 2013 to 2017. That will happen during the third quarter. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. At this time, there are no further questions. Nucors tremendous growth in profitability and market value over the past five decades has been fueled by our decision back then to expand upstream into steelmaking. Our energy cost per ton of steel produced was up approximately 50% year-over-year. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. and Alabama offers world-class companies like Nucor all the advantages they need to find success, including a skilled workforce, a pro-business environment and a solid support system, said Governor Ivey. Good afternoon and welcome to our second quarter earnings call. Leon Topalian Good afternoon and welcome to our second quarter earnings call. Thanks, Leon. 4 insider transaction in Nucor Corp (NUE) with a net or piling accessories was added to new to the 2022 Code. CHARLOTTE, N.C., Feb. 22, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that the Company's Towers & Structures business unit will build a new state-of-the-art transmission tower production plant in Decatur, Alabama.The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill and will be the first of two new tower production plants the Company plans to . So again, thank you, Chad. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. As insider, Mr. Leon J. Topalian owns shares in one company: Nucor Corporation manufactures and sells steel and steel products.
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