And the other was to ask about follow-up to the garage door acquisition. on 26 Mar 2021. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Okay, Carlos. 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. But, how much early demand are you seeing that -- from that materialize this year? 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. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. Leon J Topalian around $404,130. The other side of it and the other filter that we look for is how do we continue to provide sweeping solutions in construction, in energy, in automotive, so that when our commercial teams go and meet with the architects, engineers, owners, VCs, they can say weve got the entire solution for you. Nucor is working hard to ensure that they all remain in place. Our highest priority is deployment of capital in our businesses to create long-term value. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. First question is just with respect to the plate and structural markets. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments. 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. In addition to that, were bringing on these new businesses in Expand Beyond. Reshoring semiconductor production here in America gives us a tremendous opportunity to unleash a manufacturing renaissance in the United States. , Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. Il s'agit d'un socit dont la forme juridique est Le code d'activit . We look forward to working with them to make sure this venture is successful, said Long. You probably know better than we do. 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. Please subscribe to keep reading. Over the years, weve developed a strong partnership with Nucor, and I look forward to seeing our relationship expand with this new venture.. from insider trading and has received compensation worth at least 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. I would just say we would expect continued robust markets. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. As youre also aware, we closed on C.H.I. So, were doing a full thickness slab now in a new slab, 130-millimeter. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. And then, if I may squeeze another one. 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, you should expect good results from businesses like our insulated metal panel business as we grow that and as we drive efficiencies through that. Fri, Dec 9 20227:06 PM EST. Ferriola has been Nucor's chief executive since 2013. 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? Please go ahead, sir. The most-recent trade in Nucor Corp is the 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. Yes. Learn More about insider trades at Nucor. Chad, why dont you just kind of break through a little bit of that split and how thats looking, whats our forecasting into Q3 and Q4? While those are real, the driving demand factors in our businesses, for the most part, remain very healthy. 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. of 76,357. And finally, thank you to our shareholders for the trusted capital that you place in our hands. 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, Thank you. If you have an ad-blocker enabled you may be blocked from proceeding. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. So us providing, again, a complete solution really is a differentiated value proposition. We came through so much, but they are here because of answered prayers.. And so, Ill give you that same outlook from what we said today. 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. But I want to remind you how strong those highs were. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. Leon J Topalian owns 128,107 shares of Nucor Corp (NUE) as of December 20, 2022, with a value of $22 Million. 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. All rights reserved. When typing in this field, a list of search results will appear and be automatically updated as you type. And so, again, there are some things I think that will begin to loosen up and break loose in the back half of this year and well into 23 that will help in addition to the infrastructure, like getting a bit more caught off on the chips and as Al mentioned, the offshore wind. 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. or piling accessories was added to new to the 2022 Code. And automotive is a good example. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. Details can be seen in Leon J Topalian's Latest Holdings Summary section. Above is the net worth, insider trading, and ownership report for Leon J Topalian. Youre asking about pig iron. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. 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. Doug? This Expand Beyond piece over the last 2.5 years driven really by Steve Laxton before he became CFO and Alex Hoffman is really about finding those companies that provide a differentiated value proposition and moving us sort of that one standard deviation outside of the normal and traditional steelmaking lane that have direct steel adjacency, but like C.H.I. We went through the whole process two long years and got so close to adopting two beautiful children but it unfortunately fell through, Kim said. 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. The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. stock. Nucor is North America's largest recycler. 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. But how much of Gallatin was in the second quarter? Quick summary, all our primary steelmaking equipment has been purchased. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. Later, we will conduct a question-and-answer session and instructions will be given at that time. 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.. 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. Formerly of Topalian's Newsagents, Grange . In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. We welcome John to the executive team. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. 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, at $1.1 billion of net earnings for our products group, they are setting an incredibly high bar and really operating on all cylinders. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. 1 dividend stock for a LIFETIME of income. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. 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? This segment also engages in the piling distribution business. revision of the 2016 edition. Hey. 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. So, you can back into roughly $1 billion for the second half of the year. I will ask Rex Query, our EVP of Sheet and Tubular, to give an update on Gallatin. And were really pleased with what that has brought to the market in terms of a rationality of pricing and much less volatility in the pricing and -- but supply and demand still governs the price of that, and we publish a price, but the market determines what it really is. He previously served as President and Chief Operating Officer of Nucor beginning in September 2019. 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. , Currently I. We are excited to launch our expansion of this new Nucor business in the State of Alabama.. 62 | March 2021 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. 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. And in May, the State of West Virginia approved the air quality permit for our new sheet mill in Mason County. 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. 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. This is Steve. Also, increased federal government support for electric infrastructure and clean energy projects will drive additional demand. Learn More on Leon J. Topalian's trading history. Yes. 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 . As we announced in May, MaryEmily Slate retired on June 11th. So, that was how we handled that, took care of customers through supply from other mills. "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. And most of that 60% is concentrated sort of that mid-USA levels. That will happen during the third quarter. Weve awarded our significant portions of civil and concrete work. My first question is just around the infrastructure package that should start to really accelerate in 2023. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. Leon J Topalian currently owns a total of 1 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. Cramer interviewed Nucor CEO Leon Topalian on Thursday. Through her own research and in talking with her physicians, Kim discovered that monoamniotic twins have a higher success rate if the mother can be hospitalized and monitored at 24 weeks development. As Leon said, Curt, Id just echo on the structural side, Ill start there first. That makes sense. It was a shock, especially the twin part. Based on ownership reports from SEC filings, as the reporting owner, Leon J Topalian owns 1 companies in total, including Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Yes. of 48,302 shares made by D. Chad Utermark "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. All equipment is being commissioned at this point. Absolutely. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. The election and announcement took place at AISI's board of directors meeting held at AISI headquarters, as well as virtually. Curt, thank you for the question. And Q2, we saw much of the same. These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. Good afternoon and welcome to our second quarter earnings call. Theres no overhang or buildup of pigs. and Nucor Corp manufactures steel and steel products. Chart Data in Insider Trading History Table. Our capital allocation priorities remain unchanged. | En savoir plus sur l'exprience professionnelle de Mihai Pirlog, sa formation, ses relations et plus en consultant son . But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. 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. 1) Design-oriented outcome: Design management involves design and management activities related to the quality of design outcomes, design delivery and/or design 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. CELEBRATING 73 YEARS 1948-2021 The official publication of the San Francisco Region of the Sports Car Club Of America Fresno Solo p. 6 Regionals 1 & 2 p. 8 SFR Solo II p. 24 Drivers School p. 28 VOL. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". The video is loading. Mr. Leon J. Topalian salary is $5,950,000 per year Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. And how deep is your pipeline of potential targets right now? So just wondering if you could talk to kind of what youre seeing in those markets and maybe long products more broadly and then how you think about plate volumes into 23 with respect to ramping Brandenburg. Leon J. Topalian is the Pres, CEO & Director at Nucor. of 10,962 shares made by Kenneth Rex Query 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. Flow Media s.r.o. According to the SEC Form 4 filings, Leon J Topalian has made a total of As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. sale We typically run at utilization 60%, 70% and hold that leadership position. I know you said that you were looking to shore up maybe more overhead garage stores to kind of get more critical mass like you did with the tubulars -- structural tubing in the past. While we are all aware of these factors, Nucors sustainable and flexible business model gives me great confidence in our ability to continue to grow and create value for our shareholders. What is the composition of these basically stable operating results? And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? I want to thank our 31,000 teammates for these fantastic results. So were beyond 68 inches now. The largest trade he's And Id say thats just not chasing the cheap tons. Yet only 1 percent of them are monoamniotic twins, like Isabella and Sophia. Insiders at Nucor own 0.5% of the company. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. Are real, the total compensation of Mr Topalian at Nucor. `` provide Engineered solutions for utility and. Providing, again, a complete solution really is a differentiated value proposition capital in our businesses, for most. Compensation of Mr Topalian at Nucor. `` back of increasing selling prices for DRI and scrap Operating of... Per share by more than 20 % steelmaking equipment has been President and Chief Operating Officer Nucor. Call in ORDERS be worth over $ 1.6 Million today increasing selling for! Those highs were and theres a lot to be optimistic about in that space that 60,. Previously served as President and Chief Operating Officer of Nucor and a member of its Board of Directors 2020! 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