And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? Mr. Leon J. Topalian salary is $5,950,000 per year So, service centers is a big product segment. The Topalian family could now bring home their two newest additions. 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. 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? So pretty excited about it. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. GuruFocus.com is not operated by a broker or a dealer. Just trying to square that with the volumes being lower year-over-year. (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. Health. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. They remain a bit cautious with their buys. Leon Topalian is CEO of Nucor Corp. 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. Yet only 1 percent of them are monoamniotic twins, like Isabella and Sophia. The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. We appreciate the support we have received from the state and local officials in Alabama, including Governor Kay Ivey, Alabama Department of Commerce, State of Alabama State Industrial Development Authority, Morgan County Economic Development Association, Morgan County Economic Development Cooperative District, Morgan County, Decatur Industrial Development Board, City of Decatur, Decatur-Morgan County Chamber of Commerce, Hartselle Chamber of Commerce, and the Tennessee Valley Authority, said Laurent De Mey, General Manager of Nucor Towers & Structures. The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. Contributions from tubular products and metal buildings were aided by both, higher volumes and higher pricing during the quarter. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. Your dedication and efforts are what drive the efficiency of our manufacturing businesses, which enable us to reliably meet the strong demand were seeing across our broad array of products. We absolutely expect in the fourth quarter to run at really nameplate capacity. 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. We will continue to work hard to earn that business well into the future. 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. Learn More on Leon J. Topalian's trading history. Having joined Nucor in 1996, Mr. Topalian also has served as General Manager at two of Nucor's facilities, in Arkansas and Illinois, as well as Melting and Casting Manager, an Operations Manager, a cold mill production supervisor and a project manager. We continue to want to be great stewards and great shepherds to return that valuable shareholder capital. from insider trading and has received compensation worth at least As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. Mr. Kearney has served in various positions at SPX FLOW, Inc. (a spin-off of SPX Corporation) from 2015 to 2017 (including as Non-Executive Chairman of its board of directors and as Chairman, President and Chief Executive Officer) and SPX Corporation from 1997 to 2015 (including as its Chairman, President and Chief Executive Officer, Vice President, Secretary and General Counsel and as a member of the board). 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. He has held various leadership positions throughout his Nucor career in Australia, at Nucor Steel South Carolina, Nucor Steel Kankakee, and Nucor-Yamato Steel Company. 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. So, that business segment for us continues to operate. Stock quotes provided by InterActive Data. We spent about $1 billion so far. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. and For the year, we expect earnings per share will establish a new annual record for Nucor. 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. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. So, we see a little bit probably leveling of pig prices through the third quarter declining into the fourth quarter. And its held quite strong. I am a degree holder in Technology Engineering and I was involved in O&M activity for more than 30 years, mainly in power plant activity. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. Cornerstone and the insulated metal panel building business is doing that. The new plant in Alabama will be highly automated, utilizing efficient straight-line production and will also include advanced hot-dip galvanizing operations. Regarding the 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]. , As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. There are 17 older and 3 younger executives at Nucor. Cision Distribution 888-776-0942 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. Thanks, Curt. 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 the other was to ask about follow-up to the garage door acquisition. My No. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. The girls were sent home on apnea monitors to alert the family if they stopped breathing. side will be mostly organic growth from here. Our record first half results continue the history of delivering new highs in profitability and cash flow through successive economic and steel market cycles, demonstrating the sustainability and adaptability of Nucors business model. Is there any sort of renewed or early signs of renewed appetite to reengage here? Nucor is North America's largest recycler. Thank you to our customers, and thank you for the trust that you place in each and every one of our Nucor teams for your business. Kurt, thank you. sale About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. We are the leading structural manufacturer in the United States. 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. Other transactions such as conversion of derivative security or exercise of options are not included. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. And were excited about the rest of this year and were excited, frankly, about 2023. And again, well have the capability. But do you see other opportunities to make downstream acquisitions? The News with Shepard Smith is CNBCs daily news podcast providing deep, non-partisan coverage and perspective on the days most important stories. Last updated: 22 February 2023 at 10:21am EST. a net On average, Mr trades about 6,725 units every 79 days since 2017. These . Were proud of them already. So, you can back into roughly $1 billion for the second half of the year. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. Above is the net worth, insider trading, and ownership report for Leon J Topalian. Oh, Im sorry. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. The estimated Net Worth of Leon J Topalian is at least $36.3 Million dollars as of 20 December 2022. Several of our recently completed organic growth projects in our core steelmaking businesses are already contributing to our record first half profitability, and there is more to come as additional projects ramp up production or come on line. Our utilization in Q2 was improved from Q1. Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. This investment project is a win for Nucor, Decatur and all of Alabama.. Nucor's board named Leon Topalian, 51, president and chief operating officer effective Thursday. So again, thank you, Chad. 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. Thanks a lot. Having joined Nucor in 1996, Mr. Topalian also has served as General Manager at two of Nucor's facilities, in Arkansas and Illinois, as well as Melting and Casting Manager, an Operations Manager, a cold mill production supervisor and a project manager. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Weve made progress, and Im proud of where the team is at and where were headed. Mr has made over 12 trades of the Nucor stock since 2017, according to the Form 4 filled with the SEC. But its certainly not without looking as well as some of the headwinds that are coming from an economy standpoint in the marketplace of interest rates and inflation. 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. Its just a tremendous outcome, and again, something that we and the entire executive team could not be more proud of the 30,000 men and women who make up the Nucor family. The most active insiders traders include Gregory Hayes, Joseph D Rupp, and Patrick Dempsey. I mentioned our reliance on pig is half of this year what it was last year. . John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. If we just look, for example, at the warehousing space, forecast by Dodge for 2023 is down about 19%. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. So, a big shout-out to the team and a thank you. For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. Hannibal Industries is in doing that. Pepperoni Grill. the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million. All Rights Reserved. According to the SEC Form 4 filings, Leon J Topalian has made a total of stock. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. Let me start with the back half and then, Rex, Ill turn it over to you. Most of the increase was in sheet and plate as we were able to take advantage of what we consider to be strong demand, leading to attractive pricing in those markets. Section 2.2 as "other steel, iron, or. 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? So were beyond 68 inches now. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. as Pres, Chief Executive Officer & Director in Nucor Corporation. In addition to that, were bringing on these new businesses in Expand Beyond. So, in terms of the volumes, yes, its coming off 19%. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. ASU student authors, illustrates superhero comic book. So, having C.H.I. Latest: Nucor to Add Melt Ship at Kingman Bar Mill 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. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. Flow Media s.r.o. Nucor CEO Leon Topalian on Q3 earnings and the company's outlook 2,450 views Oct 21, 2021 Leon Topalian, Nucor president and CEO, joins 'Squawk on the Street' to discuss Nucor's Q3 earnings. Our team is focused on enhancing our capabilities, not simply adding capacity, and on delivering a differentiated value proposition for our customers by reliably and safely providing a broad offering of the most environmentally responsible steels and steel products found anywhere in the world. 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. At this time, there are no further questions. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. 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. He died Wednesday. We had some outages with Gallatin as we were installing this equipment. Get up-to-the-minute news sent straight to your device. As a reminder, todays call is being recorded. That -- the new equipment, were capable of 73.5 inches. Leon J. Topalian: CEO Pay $11,618,019: Median Employee Pay $142,635: CEO Pay Ratio 81:1: Board of Directors in NUCOR CORP. For its 2021 fiscal year, NUCOR CORP, listed the following board members on its annual proxy statement to the SEC. In addition, he makes $5,953,180 as Pres and CEO & Director at Nucor. Were already expanded -- have expanded our slab with beyond original capabilities. The second, Gallatins modernization and expansion was completed in June. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. Mr Topalian is 53, he's been the Pres and CEO & Director of Nucor since . 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. Before I turn it over to Steve, I want to congratulate our 31,000 Nucor team members for a fantastic first half of the year. 11 transactions in Nucor Corp (NUE) over the past 5 years, including 0 buys and 11 sells. Look, I think so. 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. First, with regards to pig iron from the mills perspective, obviously, when we spoke to you a few months ago, you emphasized the strategy to derisk pig iron supply for the full year. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. Nearly 150,000 sets of twins are born each year. Its very exciting. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Absolutely. As we evaluate growth initiatives, either in our core business or by expanding beyond, we focused on driving incremental value by leveraging our capabilities and existing positions of strength as we have done for the last 5.5 decades throughout our history. 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