GuruFocus.com is not operated by a broker or a dealer. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). And perhaps what are the categories that are taking some of the early wins there? Steve? 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, . Regarding the C.H.I. As of 20 Dec 2022 he still owns at least 126,809 units of NUE stock. I want to thank our 31,000 teammates for these fantastic results. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". This article about a chief executive from the United States is a stub. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. 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. We said, Lord, if you allow us to have these babies, what a miracle it will be.. They sold a total of 106,839 shares worth more than $14,127,779.65. Cornerstone and the insulated metal panel building business is doing that. While this is a positive development, unfairly traded imports remain a concern for our industry. The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. Other key executives at Nucor Corp include Just trying to square that with the volumes being lower year-over-year. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. as Pres, Chief Executive Officer & Director in Nucor Corporation. And Id say thats just not chasing the cheap tons. Name Total COMPENSATION; Christopher J. Kearney: Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. Yes. Thanks for the questions, Seth. Prior to that time, he held various leadership positions at Nucor,. 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. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. ever made was exercising 47,581 units of NUE stock 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. On this Wikipedia the language links are at the top of the page across from the article title. And we have guided to a little more than $2 billion on the year. So, in terms of the volumes, yes, its coming off 19%. 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. Yes. Over the last 20 years, insiders at Nucor have traded over $66,136,542 worth of Nucor stock and bought 9,050 units worth $401,135 The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. 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. Following the completion of the sale, the chief executive officer now directly owns 126,809 shares of the company's stock, valued at $17,082,440.39. Immatriculation. Yes. 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. So, that was how we handled that, took care of customers through supply from other mills. 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. Nonresidential construction has been one of our most resilient markets across the enterprise, and we would expect that continues in 2023. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. I wanted to ask two questions. 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? We are not atrading platform and do not offer tobuy stock or sell any security. Wanna wing it $0.69 Cent wings are available now through Saturday! This net worth estimate does not reflect any other investments that Mr. Topalian may own. 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 . Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. 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. Please subscribe to keep reading. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. Reverso Context-: Again, fabricators are a big part of that plate business. 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. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. The largest of these is our West Virginia sheet mill. Investors are already flocking there for a chance at 1,000%+ returns. While those are real, the driving demand factors in our businesses, for the most part, remain very healthy. I was so excited that we had made it. Health. Sure, Leon. I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. Mr has made over 12 trades of the Nucor stock since 2017, according to the Form 4 filled with the SEC. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Yes. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. So, having C.H.I. 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]. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. 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. 62 | March 2021 After the tour, Dr. Bridges sat down with us and went over the statistical facts of survival rates. He appears on "Balance of Power." Watch or read the transcript below. This investment adviser does not provide advice to individual investors. That does conclude todays conference. Last updated: 22 February 2023 at 10:21am EST. Formerly of Topalian's Newsagents, Grange . I would just say we would expect continued robust markets. Thank you for your interest in our company. 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. The shares were sold at an average price of $134.71, for a transaction totalling $404,130.00. 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. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. Explore the city's history and join us for an exclusive event at the Smithsonian's National Museum of African American History and Culture. . Thanks, Leon. But, could you comment a little bit more where you see the main changes? For the year, we expect earnings per share will establish a new annual record for Nucor. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. I will turn the call back over to Leon for any additional or closing comments. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision Subscribe to CNBC: https://cnb.cx/SubscribeCNBCTurn to CNBC TV for the latest stock market news and analysis. So again, thank you, Chad. The estimated net worth of Mr. Leon J. Topalian is at least $50,405,624 as of 20 Dec 2022. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Operating profits were stronger than we anticipated for all three segments. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. But yes, we are seeing, again, stable demand and growing in some cases. Match case Limit results 1 per page. 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. or piling accessories was added to new to the 2022 Code. John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020. These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. more than 21 years with Nucor. So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. It is a true vote of confidence in our community when an existing business decides to further expand its operations here. a net (Chicago, IL) - The American Institute of Steel Construction (AISC) is pleased to announce the appointment of two new members to its Board of Directors: Leon Topalian, executive vice president of Nucor Corporation; and Glenn R. Tabolt, PE, president of STS Steel, Inc., Schenectady, N.Y. 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. Our mission, to become the worlds safest steel company, is the greatest measure of our culture and our most important value. Yes. This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. We absolutely expect in the fourth quarter to run at really nameplate capacity. 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. 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. 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. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. The girls were sent home on apnea monitors to alert the family if they stopped breathing. Nucor Corp (NUE) 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 . And you asked about 2023. 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. Our team has done a wonderful job there navigating the challenges that that project has faced over a couple of years, and we sit ready for a start-up by the end of the year. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. The second, Gallatins modernization and expansion was completed in June. 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. It was around this time that Kim discovered she was pregnant. Our July 12, 1972, news release announcing the listing gave our firms business description as "The nations largest producer of steel joists." 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. Leon J Topalian made Now, there may be some things that were looking at that I cant get into that would be very, very small that might be complementary, but we -- our eggs are in the C.H.I. 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. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. And as you may recall, original stated capacity for that mill, about 1.6 million tons. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Only the transactions in Open Market or Private Sale at the market prices are included. No stops in production. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. ( View post) Feb 23. Couldnt be more excited about Dave Banger and his leadership team, the entire C.H.I. Id just like to congratulate our entire team again for a record first half of the year. MaryEmily is a dedicated and exceptional leader, and we thank her for her more than 21 years with Nucor. a net 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. Next, well hear from Michael Leshock of KeyBanc Capital Markets. 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.. So, a big shout-out to the team and a thank you. The company also produces direct reduced iron for use in its steel mills. Thanks, Leon. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. , 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. 2004-2023 GuruFocus.com, LLC. 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. Insiders are limited to only officers and/or directors of the company. You noticed somewhat soft utilization rates for those verticals this year, yet pricing is holding up extremely well and basically close to record metal spread today. Learn More about Leon J. Topalian's net worth. Topalian twins' 'MoMo' survival proves miraculous. For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. 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. It was a shock, especially the twin part. 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. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. Has Leon J. Topalian been buying or selling shares of Nucor? So, we still see that nonres construction space that is the driver for these businesses, as Al mentioned earlier, to be very strong. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. We remain confident that with the capital we retain and deploy, we are building a more resilient, more profitable or more cash-generative Nucor. Materials side, i wont steal all your thunder, but we couldnt more! Time, he held various leadership positions at Nucor Corp. is JosephRupp 69... Of that plate business of its Board of Directors since 2020 format_dollars }. It was around this time that Kim discovered she was pregnant that Kim discovered she pregnant... He held various leadership positions at Nucor. `` to congratulate our entire team again a. 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