If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. Leon Topalian Good afternoon and welcome to our second quarter earnings call. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. We are a one-stop shop and can solve the entity and entirety of their steel needs. Thanks. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. side will be mostly organic growth from here. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. Prior to that time, he held various leadership positions at Nucor,. 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. We said, Lord, if you allow us to have these babies, what a miracle it will be.. Have a great day. So, in terms of the volumes, yes, its coming off 19%. So, our utilization may have ticked down just slightly in the structural side. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Let me start off with our steel products businesses. Year-to-date, it is 43%. 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 . Nucors tremendous growth in profitability and market value over the past five decades has been fueled by our decision back then to expand upstream into steelmaking. 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. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. "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. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Please subscribe to keep reading. There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. During the past 18 months, 171,494 shares of Nucor Corp (NUE) were sold and 0 shares were bought by its insiders, resulting in a net , This investment project is a win for Nucor, Decatur and all of Alabama.. Leon Topalian is CEO of Nucor Corp. If you have an ad-blocker enabled you may be blocked from proceeding. 2004-2023 GuruFocus.com, LLC. Both Ray Long, chairman of the Morgan County Commission, and Decatur Mayor Tab Bowling said they are excited by the job opportunities being created by Nucors investment project. (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 core is just at the West Virginia mill, the Lexington micro mill, the expansions in Hickman and the new increases across in Kankakee and other core assets that we have. Over the years, weve developed a strong partnership with Nucor, and I look forward to seeing our relationship expand with this new venture.. Nucor Corporation. 1 dividend stock for a LIFETIME of income. And Steve, do you want to touch on sort of our CapEx for the balance of the year and how were looking? Thank you. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. 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. And how do you see working capital evolving in the coming quarters? Good afternoon and welcome to our second quarter earnings call. Transaction Summary of Leon J Topalian And what we saw President Biden recently announced an executive orders yesterday, that will continue to position Nucor well, will position Nucors plate group and particularly Brandenburg, and an incredible value-add opportunity for our customers. Next, well hear from Emily Chieng of Goldman Sachs. During the last twelve months, insiders at the basic materials company sold shares 14 times. 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 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. Please. 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. 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. Leon J Topalian is We came through so much, but they are here because of answered prayers.. Nucor Corp. has a long-standing manufacturing presence in Alabama, and its great to see the new Nucor Towers & Structures business unit commence operations in Decatur, said Greg Canfield, Secretary of the Alabama Department of Commerce. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. Gurus may be added or dropped from the GuruFocus site at any time. Leon joined Nucor in 1996 as a project engineer at Nucor Steel - Berkeley in Huger, South Carolina and was promoted to Cold Mill Production Supervisor in 1998. Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. We will continue to work hard to earn that business well into the future. Maybe just exploring a little bit more the outlook for the steel product business. 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. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina. Health. Nucor has an additional $3.6 billion of approved and in-process organic growth investments that will be completed by 2025. One was to kind of probe what was discussed earlier on Gallatin a little bit more. 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. It is difficult to recall everything we went through because now they are healthy and running around, Leon said. That makes sense. And Ill let you take a best guess at that. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. sale Appreciate your question. Flow Media s.r.o. What is the composition of these basically stable operating results? Also during the second quarter, we completed our purchase of 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. Thank you. Hey. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. After spending three weeks in the NICU, the girls were eating and breathing well on their own. These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. Learn More about insider trades at Nucor. Other key executives at Nucor Corp include They remain a bit cautious with their buys. As of 20 Dec 2022 he still owns at least 126,809 units of NUE stock. . Investors are already flocking there for a chance at 1,000%+ returns. of 57,932 shares. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. 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 . Just trying to square that with the volumes being lower year-over-year. 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 . 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. This became Kims goal. Mr. Topalian owns 126,809 shares of Nucor stock worth more than $21,651,369 as of March 1st. And so, Ill give you that same outlook from what we said today. There are 17 older and 3 younger executives at Nucor. 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. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Soon enough Kim had reached her second goal: 32 weeks. Leon J. Topalian Chair, President & CEO Join to edit Mr. Topalian was named President and Chief Operating Officer on September 5, 2019. Operator, were now ready to take questions. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 2023? And the other was to ask about follow-up to the garage door acquisition. I will ask Rex Query, our EVP of Sheet and Tubular, to give an update on Gallatin. 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. "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. GuruFocus.com is not operated by a broker or a dealer. Timna, where we see, maybe a little more color. Nucor Corp. engages in the manufacturing of steel and steel products. We are not atrading platform and do not offer tobuy stock or sell any security. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. of 10,962 shares made by Kenneth Rex Query Please go ahead, sir. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. We really think that will start in earnest in early 23 and really begin to progress throughout the year 2023. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Learn More about Leon J. Topalian's net worth. I want to thank our 31,000 teammates for these fantastic results. The expansion will add about 1.4 million. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. offer you some insulation from the traditional cyclicality of steelmaking. But, could you comment a little bit more where you see the main changes? And look, I would tell you that right now, theres a lot of dialogue going on. Nucor's board named Leon Topalian, 51, president and chief operating officer effective Thursday. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . 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 And thinking about the longer term, with balance sheet strength and product diversity that is unparalleled in our industry, coupled with our highly variable and adaptive business model, we remain confident that Nucor is well positioned to deliver on our commitments to our team, our customers and our shareholders over time. And as you may recall, original stated capacity for that mill, about 1.6 million tons. Learn More on Leon J. Topalian's trading history. now in the portfolio continues to differentiate Nucor as a one-stop differentiated supplier that can take care of all the needs. That will happen during the third quarter. Nucor Corporation executives and other stock owners filed with the SEC: Strike the best investing opportunities on the market! NewsBreak provides latest and breaking news about Leon Topalian. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. First thing, I want to acknowledge the great work that the mills in our raw materials group has done over the last six months, tremendous flexibility and execution to react to the changes in the supply chain. 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. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. But, were not seeing any real movement in terms of material orders. 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 of Chair of the Board of Directors and that Board member, Christopher J. Kearney, has been appointed Lead Director of the Board, both effective today. Fri, Dec 9 20227:06 PM EST. of 13,387 shares made by Allen C Behr 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. This month, we are celebrating 50 years since Nucor was listed on the New York Stock Exchange. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. Describe your leadership style and how you put it into action within your organization. Good afternoon, Leon and team. Information on this page was last updated on 2/3/2023. 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. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! For the year, we expect earnings per share will establish a new annual record for Nucor. So thanks for the question. DRI benefited from elevated metallics pricing that we use to determine transaction values between segments. 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. And youd asked about working capital. According to the SEC Form 4 filings, Leon J Topalian has made a total of [Operator Instructions] And well first hear from Curt Woodworth of Credit Suisse. Chart Data in Insider Trading History Table. 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. So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. During the second quarter, Nucor funded $520 million in capital expenditures and $3.1 billion in acquisitions. Overhead Doors in June. 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. Nucor Corp (NUE)'s detailed insider trading history can be found in Insider Trading Tracker table. But as we start to put the mill through its paces, well go wider and wider. Stock quotes provided by InterActive Data. Mike, thank you for the question. Section 2.2 as "other steel, iron, or. 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. 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.. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". Weve certainly been seeing a little bit more of a buyer strike type of activity from -- on the customers and as it relates to sort of hot-rolled. And we have guided to a little more than $2 billion on the year. Wanna wing it $0.69 Cent wings are available now through Saturday! The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. Thank you all for your participation. . | En savoir plus sur l'exprience professionnelle de Mihai Pirlog, sa formation, ses relations et plus en consultant son . Then there was the realization that we were having preemies, Kim said. The Topalians were also told they could expect a 50 percent survival rate. 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. And weve got, I think, good questions on the Gallatin front. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. sale And next, well hear from Seth Rosenfeld of BNP Paribas. La socit AUBERT*SOUVRAY/JOCELYNE/ est situ au 64 RUE CARNOT 72200 LA FLECHE Elle a t cre le 14/04/2016 et elle est immatricule sous le numro 819496126 au greffe de LE MANS AUBERT*SOUVRAY/JOCELYNE/ est immatricule au Registre du commerce et des socits.. Forme juridique et activit. And then, the C.H.I. So were beyond 68 inches now. revision of the 2016 edition. 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