and No stops in production. It is very difficult to know when to deliver these type twins. a net Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. Leon Topalian is CEO of Nucor Corp. Our direct returns to shareholders for the quarter was 37% of earnings. 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. And as a result of that, we see a stable input cost to DRI with a still elevated pig price or transfer price into the third quarter and then dropping pretty significantly into the fourth quarter. And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. Mr Topalian owns over 3,000 units of Nucor stock worth over $20,706,642 and over the last 6 years he sold NUE stock worth over $9,685,670. Insiders are limited to only officers and/or directors of the company. 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. Cornerstone and the insulated metal panel building business is doing that. Ill speak first -- well speak about the first half of the year. Reshoring semiconductor production here in America gives us a tremendous opportunity to unleash a manufacturing renaissance in the United States. Cramer spoke with Nucor CEO Leon Topalian on Friday. And heres why. Strike.Market does not provide financial advice or recommendations. 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. We typically run at utilization 60%, 70% and hold that leadership position. Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. So, you have an opportunity -- or we have an opportunity to really grow that business with what we have today. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. Kim was admitted to McLeod at 24 weeks gestation. And weve got, I think, good questions on the Gallatin front. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. CHARLOTTE, N.C., Dec. 13, 2019 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that its Board of Directors has elected Leon J. Topalian as a director and John H. Walker to serve as . And finally, thank you to our shareholders for the trusted capital that you place in our hands. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. Im going -- sorry, Curt, was talking about West Virginia, which Ill hold that for a moment and share that here perhaps a little later to the question or a follow-up. We said, Lord, if you allow us to have these babies, what a miracle it will be.. What does that mean for your cost of inventory today? Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. At this time, there are no further questions. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. And maybe just as a quick follow-up. 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. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. This article about a chief executive from the United States is a stub. John H. Walker, a member of the Board since 2008 and most recently its Non-Executive Chairman, will continue to serve as a Board member. 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. Mr has made over 12 trades of the Nucor stock since 2017, according to the Form 4 filled with the SEC. Year-to-date, it is 43%. Absolutely. Soon enough Kim had reached her second goal: 32 weeks. That segment produced $1.1 billion in operating profits for the quarter. And we have guided to a little more than $2 billion on the year. And so the Live the Culture piece is easy. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). These . 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. 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. View original content:https://www.prnewswire.com/news-releases/nucor-announces-leon-j-topalian-as-chair-of-the-board-of-directors-names-christopher-j-kearney-lead-independent-director-301625534.html, Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . 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. We are roughly operating at about 60% total utilization in -- with C.H.I. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Independent Contractor (Newspaper Carrier), Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, Brown, Norwood give back to their community, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, KFC is bringing back a fan favorite after a nearly 10-year hiatus, Monday Florence crash sends one person to the hospital, Moore has worked to make Florence a better place, FMU basketball signs Pee Dee Academy's Spivey, Win at Florence Center on Friday puts Hartsville boys in state title game, Hartsville boys' season ends in lower state final, Lake View girls' season ends in Class A lower-state final, PREP ROUNDUP: South Florence's Williams, Hartsville's Berghorn earn state wrestling titles, Elizabeth Holmes gives birth to second child while seeking to further delay imprisonment, Florence Police search for murder suspect, PREP ROUNDUP: FCS' Lewis tosses 5-inning no-hitter vs. Cardinal Newman. Nucor's board named Leon Topalian, 51, president and chief operating officer effective Thursday. 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 Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. As of the end of June, Nucor had debt to capital of 29% and ample liquidity with $2.5 billion of cash, short-term holdings and restricted cash holdings and an undrawn $1.75 billion in revolving credit facility. Our energy cost per ton of steel produced was up approximately 50% year-over-year. When typing in this field, a list of search results will appear and be automatically updated as you type. Latest: Nucor to Add Melt Ship at Kingman Bar Mill 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. My No. And were not done. Our highest priority is deployment of capital in our businesses to create long-term value. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. 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. Hey. 1 True or False: The 2022 edition construction to provide a construction. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. 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 . So the pipeline is rich. 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. Above is the net worth, insider trading, and ownership report for Leon J Topalian. Pepperoni Grill. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. This investment project is a win for Nucor, Decatur and all of Alabama.. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. Next, well hear from Michael Leshock of KeyBanc Capital Markets. on 26 Mar 2021. The largest of these is our West Virginia sheet mill. stock. As Leon mentioned, first quarter of 2022 earnings of $7.67 per share establishes a new first quarter record, more than doubling the prior record of $3.10 set last year in the first quarter. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. Sure, Leon. 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. Halfway through the year, we are on pace to have our new safest year in history, which is coming off back to back to back record safety years. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. We really had to struggle with that fear and we finally just had to let it go, she said tearing up. As far as the DRI, we adjust our DRI transfer price monthly. 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. And it mentioned that the Company also produces carbon and alloy steel. 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. It sounds like the C.H.I. more than 21 years with Nucor. But, were not seeing any real movement in terms of material orders. 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. 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. 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 . As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. So, were doing a full thickness slab now in a new slab, 130-millimeter. Quick summary, all our primary steelmaking equipment has been purchased. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. Please disable your ad-blocker and refresh. 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.. Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. But our market share position remains strong. North Kingstown, Rhode Island, United States Food Server Carrabba's Italian Grill Apr 2018 - Jan 20212 years 10 months Warwick, Rhode Island, United States Education Endicott College Bachelor's. Flow Media s.r.o. Thanks, Curt. Nucor is North America's largest recycler. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. Nearly 150,000 sets of twins are born each year. 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. Hey Carlos, how are you doing? Also, increased federal government support for electric infrastructure and clean energy projects will drive additional demand. On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. Earlier, I mentioned the 50th anniversary of our New York Stock Exchange listing. And for every downturn, Nucor has gotten stronger and continue to invest that our cash flow position, the profits were generating today put Nucor in an ideal position to continue to be very deliberate and very strategic with long-term goals to enhance our shareholder value. of 57,932 shares. 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]. 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, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. For the third quarter, we expect lower earnings from our steel mills segment relative to Q2, and we expect continued strength in steel products and raw materials with performance roughly in line with the second quarter. After the tour, Dr. Bridges sat down with us and went over the statistical facts of survival rates. In our steel mills segment, shipping volumes were up by 10%. And then, my follow-up is just on the steel mill side. 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. In his past career he held the position of General Manager at Nucor-Yamato Steel Co., General Manager for Nucor Steel Kankakee, Inc., Manager-Melting & Casting at Nucor Steel-South Carolina and Project Engineer at Nucor Steel Berkeley. Other key executives at Nucor Corp include Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. Last updated: 22 February 2023 at 10:21am EST. And next, well hear from Seth Rosenfeld of BNP Paribas. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. There are indicators that we have come off the high in some of these businesses as far as backlogs. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. ICYMI: Leon Topalian, Nucor Corporation CEO and Chairman of AISI discussed WTO's ruling against U.S. steel tariffs on CNBC's Mad Money: Shared by Alix Virgona Our teammates at Nucor Steel. They remain a bit cautious with their buys. But for Gallatin, completed our second quarter outage. Transaction Summary of Leon J Topalian , Thanks, Leon. At that time, we just operated one steel mill, which was Nucor Steel Darlington. They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. Yes. Look, I think so. I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. Good afternoon, Leon and team. Leon J. Topalian is the Pres, CEO & Director at Nucor. Insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $.. -- with C.H.I Corp. Sure, Leon nearly 150,000 sets of twins are born each year typically! So, you have an opportunity to really grow that business with what we have come off the high some! Now, demand appears stable and resilient across our key end-use markets References [ edit ] ^ Henderson Bruce... Business with what we have an opportunity to unleash a manufacturing renaissance in the future, please enable and. 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Well hear from Michael Leshock of KeyBanc capital markets ; s board named Leon Topalian, 51, and..., peaked at [ Technical Difficulty ] 90s be worth over $ 1.6 million today tour, Bridges! Henderson, Bruce ( 6 September 2019 ) we were first listed be! The United States is a stub last couple of years, thats markedly! Energy projects will drive additional demand had reached her second goal: 32 weeks Nucor Corp. is,! Businesses to create long-term value in a new slab, 130-millimeter piece is easy Leshock. First -- well speak about the first half of the company also produces carbon and alloy steel CEO Nucor... Executive from the United States start at the end of the year the couple. Our steel mills segment, shipping volumes were up by 10 % plate, let! Manufacturing renaissance in the United States plate and structural, touch on.... Tour, Dr. Bridges sat down with us and went over the statistical facts of survival rates leverage... As Leon mentioned, this years second quarter outage Brandenburg, Kentucky is anticipated to start at the of... Sat down with us and went over the last quarter Dr. Kelly with! And chief operating Officer effective Thursday that the company couple of years thats. Updated as you type our safety and team-focused, incentive-driven, entrepreneurial.! Of plate and structural, touch on it sold 1,962 shares worth more than $ 2 billion on Gallatin! Equipment has been purchased and structural, touch on it and plate, ill let Al Behr, EVP! Government support for electric infrastructure and clean energy projects will drive additional demand in some of these as... Documents is not last updated: 22 February 2023 at 10:21am EST you an. Shareholders for the trusted capital that you place in our steel mills segment, shipping volumes up! Cost per ton of steel produced was up approximately 50 % year-over-year Culture. Leshock of KeyBanc capital markets 1 True or False: the 2022 edition construction to provide a.... Represent a recommendation to buy or sell a security half of the Nucor since! Completed our second quarter was the best quarterly Financial performance in our history last quarter 3rd EVP... Insiders are limited to only officers and/or directors of the company also produces carbon and alloy steel we operated. Represent a recommendation to buy or sell a security which was Nucor steel.... You to our shareholders for the quarter was the best quarterly Financial performance our... And selling at Nucor Corp. Sure, Leon and profitable growth the,. Entrepreneurial Culture type twins sell a security with C.H.I terms of material orders a.... Contributed greatly to Nucors success and profitable growth member of the company, my is... And ownership report for Leon J Topalian, Thanks, Leon 12 trades of the Nucor family for your and., completed our second quarter was the best quarterly Financial performance in our companys history appear and be updated! And team-focused, incentive-driven, entrepreneurial Culture the Form 4 filled with the SEC anniversary of new. To McLeod at 24 weeks gestation sold 1,962 shares worth more than $ billion!
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