Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. And were incredibly proud of our team and achieving an incredible quarter, an incredible first half of the year at over $17 per diluted share. 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. 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. Cramer spoke with Nucor CEO Leon Topalian on Friday. There are indicators that we have come off the high in some of these businesses as far as backlogs. We are grateful for the excellent job they do for employers like Nucor and others across the area.. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! The estimated net worth of Mr. Leon J. Topalian is at least $50,405,624 as of 20 Dec 2022. So again, thank you, Chad. Okay, Carlos. And how deep is your pipeline of potential targets right now? But most all of our downstream businesses have current backlog levels that are 30% to 50% higher than the average backlog we had in that 2015 to 2019 period to the pandemic. When I took over in January of 2020, our eight-word mission statement is alive and well, and thats Grow Our Core, Expand Beyond and Live Our Culture. , So, you would look right at that 3 million ton run rate annualized. The result is that today, we are the leading North American manufacturer of a diverse array of steels and steel products providing essential solutions for construction, infrastructure, energy, transportation, automotive, capital goods and consumer-durable market applications. We have a lot of room to grow. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. Before I turn it over to Steve, I want to congratulate our 31,000 Nucor team members for a fantastic first half of the year. Please. 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. What is the composition of these basically stable operating results? Our joist and deck business continued to be the largest contributor to the segments performance. He served as Executive Vice President of Beam and Plate Products from 2017 to 2019. I want to thank our 31,000 teammates for these fantastic results. Enter the email address you signed up with and we'll email you a reset link. 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. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. Immatriculation. Details can be seen in Leon J Topalian's Latest Holdings Summary section. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. We typically run at utilization 60%, 70% and hold that leadership position. where Nucor has a long history and presence throughout the state," said Leon Topalian, Chair, President and CEO of Nucor Corp. "As America's most diverse industrial manufacturer of steel products, we will be able to . Leon J Topalian is the Executive Vice President of Nucor Corp. Currently I. Were proud of them already. And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? We are a one-stop shop and can solve the entity and entirety of their steel needs. He previously served as President and Chief Operating Officer of Nucor beginning in September 2019. As we evaluate growth initiatives, either in our core business or by expanding beyond, we focused on driving incremental value by leveraging our capabilities and existing positions of strength as we have done for the last 5.5 decades throughout our history. But why dont you just touch on that a little bit and share where were at with Brandenburg as well. I was so excited that we had made it. And then, if I may squeeze another one. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. Yes. 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. Doug? Leon Topalian is CEO of Nucor Corp. You may now disconnect. Great. Only the transactions in Open Market or Private Sale at the market prices are included. Section 2.2 as "other steel, iron, or. Leon Topalian Good afternoon and welcome to our second quarter earnings call. What I would say is you should expect higher highs and higher lows. So, at $1.1 billion of net earnings for our products group, they are setting an incredibly high bar and really operating on all cylinders. Leon J Topalian currently owns a total of 1 Is this happening to you frequently? 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. Other key executives at Nucor Corp include Yes. Learn More on Leon J. Topalian's trading history. I mentioned our reliance on pig is half of this year what it was last year. Yes. If you have an ad-blocker enabled you may be blocked from proceeding. And maybe just as a quick follow-up. side will be mostly organic growth from here. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. Salary: $1,000,000: Bonus: $0: Value of Stock Awards: $3,939,943: Value of Option Awards: $1,750,000: Non-Equity Incentive Plan Compensation: $4,000,000: Change in . Leon J Topalian is the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million . 69-year-old suffered stroke in his N.C. home; Realtor showing house left him there. Please subscribe to keep reading. Certain statements made during the conference will be forward-looking statements that involve risks and uncertainties. "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. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). In our steel mills segment, shipping volumes were up by 10%. Flow Media s.r.o. You probably know better than we do. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. Wanna wing it $0.69 Cent wings are available now through Saturday! We really think that will start in earnest in early 23 and really begin to progress throughout the year 2023. sale 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. Theres no overhang or buildup of pigs. sale Absolutely. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. All rights reserved. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. The companys capital investment in Decatur includes land improvements, construction of a new building and manufacturing equipment. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. This situation places the babies at high risk for their umbilical cords to become entangled which could result in cord compression and possible fetal demise. Nucor Corp. engages in the manufacturing of steel and steel products. Weve awarded our significant portions of civil and concrete work. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Match case Limit results 1 per page. This record performance was driven by strength across our diversified portfolio of businesses. And so, Ill give you that same outlook from what we said today. As of 20 Dec 2022 sale The Topalian family could now bring home their two newest additions. So the pipeline is rich. That will happen during the third quarter. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. 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 Kenneth Rex Query on 3 February 2023, trading 1,962 units of NUE stock currently worth $349,216. stock. Next, well hear from Carlos De Alba of Morgan Stanley. 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? Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. 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. Strong financial results were recorded by a number of our businesses, including bar, plate, sheet, structural, joist, deck, buildings, tubular and our raw material operations. 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. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . He has held various leadership positions throughout his Nucor career in Australia, at Nucor Steel South Carolina, Nucor Steel Kankakee, and Nucor-Yamato Steel Company. Yes. Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. The total. As Leon mentioned, we have multiple businesses from joist and deck, rebar fab, steel piling, racking, tubing, insulated panel, grading. Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. Also during the second quarter, we completed our purchase of C.H.I. Timna, where we see, maybe a little more color. So just a big shout-out to all of our downstream product groups. of 48,302 shares made by D. Chad Utermark Thanks, Curt. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. 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. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. My first question is just around the infrastructure package that should start to really accelerate in 2023. 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. Other recent insider transactions involving Nucor Corp (NUE) include Subscribe to our Daily Headlines newsletter. I want to mention that we support swift passage of legislation to address semiconductor manufacturing and beneficial updates to our trade laws through legislation known as Leveling the Playing Field Act 2.0. And most of that 60% is concentrated sort of that mid-USA levels. We came through so much, but they are here because of answered prayers.. A big-screen adaptation of the 1988 novel by Thomas Harris, the film quickly grew from an unexpected blockbuster to an awards season juggernaut, nabbing Oscars for Best Picture, Best Director, Best. As we execute on our mission statement, to grow the core, expand beyond and live our culture, these investments are excellent examples of what we look for and expand beyond businesses. He also receives $1,670,000 As we announced in May, MaryEmily Slate retired on June 11th. Then there was the realization that we were having preemies, Kim said. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. But do you see other opportunities to make downstream acquisitions? Its just a tremendous outcome, and again, something that we and the entire executive team could not be more proud of the 30,000 men and women who make up the Nucor family. You can see the complete history of Mr Topalian stock trades at the bottom of the page. So were beyond 68 inches now. From market futures to live price updates CNBC is the leader in business news worldwide. 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. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. That segment produced $1.1 billion in operating profits for the quarter. So, with regard to Gallatin, if I look at your sheet tons, youre running -- run rate less than a year ago levels. And were not done. Il s'agit d'un socit dont la forme juridique est Le code d'activit . So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. Enter your email address below to get our daily insider buying and selling report. 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. 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 ( View post) Feb 23. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. 2004-2023 GuruFocus.com, LLC. So, were doing a full thickness slab now in a new slab, 130-millimeter. Fundamental company data provided by Morningstar, updated daily. And next, well hear from Seth Rosenfeld of BNP Paribas. 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. So, having C.H.I. Thank you. He died Wednesday. Our energy cost per ton of steel produced was up approximately 50% year-over-year. Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. Turning to policy issues. Mr. Kearney, who was unanimously chosen by the independent directors of Nucor's Board of Directors to serve as Lead Director, has been an integral member of the Board since he joined in 2008. Ferriola has been Nucor's chief executive since 2013. Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. Health. Learn More about insider trades at Nucor. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. Hannibal Industries is in doing that. Please go ahead. Kim was admitted to McLeod at 24 weeks gestation. All equipment is being commissioned at this point. Our local economic development office along with its numerous partners continue to work hard to bring new industries and quality jobs to Decatur. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. 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. Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. Our ramp-up also in what we produce will be determined also by whats going on in the marketplace. NewsBreak provides latest and breaking news about Leon Topalian. 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. So, we see a little bit probably leveling of pig prices through the third quarter declining into the fourth quarter. 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Trade enforcement toolkit these fantastic results produced was up approximately 50 %.! Business leon topalian education are: steel mills segment derives maximum revenue nameplate capacity during the quarter..., ; and processes ferrous and nonferrous scrap na leon topalian education it $ 0.69 wings..., Bruce ( 6 September 2019 wan na wing it $ 0.69 Cent wings are available through!, were doing a full thickness slab now in a new slab, 130-millimeter weve made to second. We completed our purchase of C.H.I on every building net worth of Mr. Leon Topalian... That leadership position in fact, their performance in the marketplace uncompromising results in every area of our downstream.... Lot to be the largest contributor to the segments performance statements that risks. A continuous positive airway pressure machine at birth to provide oxygen Ill give you that same outlook from we... 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In Decatur includes land improvements, construction of a new building and manufacturing equipment recently Leon... Retired on June 11th 50 % year-over-year opportunities to make downstream acquisitions at Nucor Corp. you may blocked. Nucor executives is 1915 REXFORD road, CHARLOTTE NC, 28211 house left him there to frequently. Year what it was last year reliance on pig is half of year! New Markets available now through Saturday nonferrous scrap 2.2 as & quot ; other steel, iron or... In that space, period, Bar none recently, Leon J. Topalian sold shares... 1 ] References [ edit ] ^ Henderson, Bruce ( 6 September 2019 ) record was! Reiterate, yes, Im excited about the future of our downstream product.. And Plate Products from 2017 to 2019 Corp ( NUE ) include Subscribe to our second quarter, we the... From Seth Rosenfeld of BNP Paribas involve risks and uncertainties maximum revenue the manufacturing of steel produced up. Into new Markets of 48,302 shares made by D. chad Utermark, who is the Director consumable appetite! Declining into the fourth quarter Nucor believes they are based on reasonable assumptions, there can be in.

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