And weve got, I think, good questions on the Gallatin front. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. 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. Turning to policy issues. Our utilization remains right where wed expect it. [Operator Instructions] Well now hear from Timna Tanners of Wolfe Research. Most recently he sold It is very difficult to know when to deliver these type twins. This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. Insiders at Nucor own 0.5% of the company. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. My No. The shares were sold at an average price of $134.71, for a transaction totalling $404,130.00. And the other was to ask about follow-up to the garage door acquisition. NewsBreak provides latest and breaking news about Leon Topalian. 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. 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. Over the years, weve developed a strong partnership with Nucor, and I look forward to seeing our relationship expand with this new venture.. If we just look, for example, at the warehousing space, forecast by Dodge for 2023 is down about 19%. This is Steve. At that time, we just operated one steel mill, which was Nucor Steel Darlington. "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. Earlier, I mentioned the 50th anniversary of our New York Stock Exchange listing. The election and announcement took place at AISI's board of directors meeting held at AISI headquarters, as well as virtually. Have a great day. So just wondering if you have any updated comments there. Couldnt be more excited about Dave Banger and his leadership team, the entire C.H.I. 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. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 2023? 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. They sold a total of 106,839 shares worth more than $14,127,779.65. Information on this page was last updated on 2/3/2023. and 62 | March 2021 As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. Our joist and deck business continued to be the largest contributor to the segments performance. 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. So, a big shout-out to the team and a thank you. And heres why. More information about the risks and uncertainties relating to these forward-looking statements may be found in Nucors latest 10-K and subsequently filed 10-Qs, which are available on the SECs and Nucors website. As Leon said, Curt, Id just echo on the structural side, Ill start there first. As insider, Mr. Leon J. Topalian owns shares in one company: Nucor Corporation manufactures and sells steel and steel products. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. Yes. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Learn More about Leon J. Topalian's net worth. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. sale 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. Thanks, Curt. Its very exciting. The nurses already knew who we were, Leon said. Hannibal Industries is in doing that. The estimated net worth of Leon J. Topalian is at least $21.65 million as of December 20th, 2022. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. The first, Hickmans Gen 3 galv line was completed this past December. "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. Overall, our steel products segment continues to benefit from strong nonresidential construction demand. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. We expect these businesses, along with other new capabilities weve acquired, such as insulated metal panels and warehouse solutions, contribute as much as $600 million of incremental EBITDA annually in future years. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. Groundbreaking for the project will happen later this year. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. Nucor Corporation executives and other stock owners filed with the SEC: Strike the best investing opportunities on the market! Later, we will conduct a question-and-answer session and instructions will be given at that time. So, we see a little bit probably leveling of pig prices through the third quarter declining into the fourth quarter. Yes. 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. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. The total. New biotech can 3D print living cells inside the human body, Ukraine will join NATO but in 'long- term', says NATO chief Stoltenberg, Finland begins building fence along Russia border. Describe your leadership style and how you put it into action within your organization. Seth, thanks for the question. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. Watch Jim Cramer's full interview with Nucor CEO Leon Topalian CNBC Television 2.31M subscribers Subscribe 4.6K views 1 year ago #CNBCTV #CNBC Sign up and learn more about the CNBC Investing. After 29 years of research in cancer immunotherapy, Dr. Suzanne Topalian has been acknowledged as one of "Ten People Who Mattered This Year" in the December 2014 issue of Nature for her pioneering research on programmed cell death protein-1 (PD-1) inhibitors. Hey. This article about a chief executive from the United States is a stub. 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. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. and The further out towards the coast you get, the market share has dropped off a little bit. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Comparing the second quarter of 2022 to the first quarter of 2021, all three segments generated higher earnings with pronounced outperformance in our steel products segment. Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. 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 . Yes. Id just like to congratulate our entire team again for a record first half of the year. 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]. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. 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 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. We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. Quick summary, all our primary steelmaking equipment has been purchased. brought So, if you look at the group -- if you took the first half of the year, we were running at a utilization above the 80% mark as a group. 4 insider transaction in Nucor Corp (NUE) with a net Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. Investors are already flocking there for a chance at 1,000%+ returns. Operator, were now ready to take questions. Thanks. "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. the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million. That does conclude todays conference. Cramer spoke with Nucor CEO Leon Topalian on Friday. Mr. Leon J. Topalian salary is $5,950,000 per year In our steel mills segment, shipping volumes were up by 10%. This investment project is a win for Nucor, Decatur and all of Alabama.. 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. Fundamental company data provided by Morningstar, updated daily. My first question is just around the infrastructure package that should start to really accelerate in 2023. Regarding the C.H.I. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. Charlotte, North Carolina-based Nucor established the new business unit after its 2022 acquisition of Summit Utility Structures LLC and Sovereign Steel Manufacturing LLC, which produces metal poles and other steel structures for utility infrastructure and highway signage. We remain confident that with the capital we retain and deploy, we are building a more resilient, more profitable or more cash-generative Nucor. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. So, our opportunity really isnt to move or look for other large garage door companies. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. Next, well hear from Emily Chieng of Goldman Sachs. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. 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. Rex, do you want to touch on the Gallatin question? Isabella was also put on a ventilator to help her breathing and she received artificial surfactant to her premature lungs in an effort to help them function better. sale Since the COVID-19 pandemic first disrupted our lives more than two years ago, it has become clear that the U.S. needs strong, resilient domestic supply chains for all sorts of critical materials, such as semiconductors made by great American companies. as Pres, Chief Executive Officer & Director in Nucor Corporation. Mr Topalian is 53, he's been the Pres and CEO & Director of Nucor since . 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. Click here to see the complete history of Leon J Topalians form 4 insider trades. And then, Steve, if you would, on the CapEx? So the pipeline is rich. But I want to remind you how strong those highs were. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. as Pres, Chief Executive Officer & Director in Nucor Corporation. 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? Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? But, could you comment a little bit more where you see the main changes? With the outages, we were a little bit under that at Gallatin, but we augmented that with other sheet mills in our group. 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. Were already expanded -- have expanded our slab with beyond original capabilities. Timna, where we see, maybe a little more color. 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. This investment adviser does not provide advice to individual investors. sale 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. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). 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