Please disable your ad-blocker and refresh. Next, well hear from Emily Chieng of Goldman Sachs. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. 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. From market futures to live price updates CNBC is the leader in business news worldwide. Leon J Topalian owns 128,107 shares of Nucor Corp (NUE) as of December 20, 2022, with a value of $22 Million. Seth, thanks for the question. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. 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. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. Let me start with the back half and then, Rex, Ill turn it over to you. of 171,494 shares. The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. 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. Thu, Jan 26 20236:56 PM EST. Absolutely. You probably know better than we do. Once in the hospital, the couple and Kims physicians decided that they would deliver by caesarean section if she made it to 32 weeks. Yes. Thanks a lot. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . 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. Ill speak first -- well speak about the first half of the year. Turning to our financial performance. And again, if we look at our most recent order books, sheets strong. 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. We are also thankful for the approximately $125 million investment and the 200 jobs created with a compensation of around $75,000, added Bowling. Fri, Dec 9 20227:06 PM EST. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. Nucor Corporation. Thank you. Nucor Corp manufactures steel and steel products. So I do want to state that, and well gauge that by the demand in the marketplace. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. Yes. And Q2, we saw much of the same. Thanks, Curt. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. 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. Name Total COMPENSATION; Christopher J. Kearney: Nucor Corporation executives and other stock owners filed with the SEC: Strike the best investing opportunities on the market! And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. In addition, he makes $5,953,180 as Pres and CEO & Director at Nucor. On this Wikipedia the language links are at the top of the page across from the article title. And then, Steve, if you would, on the CapEx? And were not done. The video is loading. Executive Vice President Noah C Hanners Based on ownership reports from SEC filings, as the reporting owner, Leon J Topalian owns 1 companies in total, including Yes, similar to what we had in the script, we expect Q3 earnings to be very similar to the record-breaking results that we had in Q2. So, our opportunity really isnt to move or look for other large garage door companies. Reverso Context-: Investors are already flocking there for a chance at 1,000%+ returns. Id just like to congratulate our entire team again for a record first half of the year. While joist and deck shipments were down from the first quarter, higher prices more than offset the decline in volumes. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. And next, well hear from Seth Rosenfeld of BNP Paribas. Our utilization remains right where wed expect it. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7CpodcastConnect with CNBC News OnlineGet the latest news: http://www.cnbc.com/Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC News on Twitter: https://cnb.cx/FollowCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBChttps://www.cnbc.com/select/best-credit-cards/#CNBC#CNBCTV "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. 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. Okay, Carlos. 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. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. Earlier, I mentioned the 50th anniversary of our New York Stock Exchange listing. So pretty excited about it. Leon Topalian best website builder Nucor has introduced Elcyon, the company's new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America's . 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. 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. But our market share position remains strong. So, in terms of the volumes, yes, its coming off 19%. , We are so excited to welcome our new team members into the Nucor family. 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? Enjoy a 7-Day Free Trial Thru Mar 09, 2023! "I want to thank John for his numerous contributions to Nucor. [Operator Instructions] And well first hear from Curt Woodworth of Credit Suisse. Oh, Im sorry. Thanks. 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. Timna, where we see, maybe a little more color. So very excited, very proud of that team. 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. With the outages, we were a little bit under that at Gallatin, but we augmented that with other sheet mills in our group. What can you expect going forward, even out past third quarter and into the future? Thanks, Leon. on 26 Mar 2021. ever made was exercising 47,581 units of NUE stock 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. Most recently he sold 3,000 units of NUE stock worth $404,130 on 20 December 2022. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. As of the end of June, Nucor had debt to capital of 29% and ample liquidity with $2.5 billion of cash, short-term holdings and restricted cash holdings and an undrawn $1.75 billion in revolving credit facility. The largest of these is our West Virginia sheet mill. of 76,357. Cramer interviewed Nucor CEO Leon Topalian on Thursday. The most-recent trade in Nucor Corp is the Fundamental company data provided by Morningstar, updated daily. The new plant in Alabama will be highly automated, utilizing efficient straight-line production and will also include advanced hot-dip galvanizing operations. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. Topalian twins' 'MoMo' survival proves miraculous. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. He also serves as a director of Otis Worldwide Corporation (having previously served as Executive Chairman of the Otis board of directors from 2020 to 2022) and served as a director of UTC from 2018 to 2020, prior to the spin-off of Otis from UTC. Leon J. Topalian is the Pres, CEO & Director at Nucor. Weve made progress, and Im proud of where the team is at and where were headed. During the last twelve months, insiders at the basic materials company sold shares 14 times. Appreciate your question. We said, Lord, if you allow us to have these babies, what a miracle it will be.. Yes. He appears on "Balance of Power." Watch or read the transcript below. Yes, Timna. So the pipeline is rich. This segment also engages in the piling distribution business. Our direct returns to shareholders for the quarter was 37% of earnings. Once these five projects are fully ramped up, we anticipate they will contribute a further $700 million in run rate EBITDA in normal market conditions. 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. Sure, Leon. 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. 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. As far as the DRI, we adjust our DRI transfer price monthly. This is a game-changing mill in the U.S. plate market that will firmly establish us as the market leader in plate. $4 million awarded to support early childhood education. Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. Also during the second quarter, we completed our purchase of C.H.I. And as a result of that, we see a stable input cost to DRI with a still elevated pig price or transfer price into the third quarter and then dropping pretty significantly into the fourth quarter. Is there any sort of renewed or early signs of renewed appetite to reengage here? he still owns at least 126,809 units of NUE stock. Kim was admitted to McLeod at 24 weeks gestation. 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. Section 2.2 as "other steel, iron, or. Next, well hear from Michael Leshock of KeyBanc Capital Markets. The first, Hickmans Gen 3 galv line was completed this past December. 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. sale Contributions from tubular products and metal buildings were aided by both, higher volumes and higher pricing during the quarter. 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. more than 21 years with Nucor. Yes. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. Topalian SL, Hodi FS, Brahmer JR, Gettinger SN, Smith DC, McDermott DF, Powderly JD, Carvajal RD, Sosman JA, Atkins MB, Leming PD, Spigel DR, Antonia SJ, Horn L, Drake CG, Pardoll DM, Chen L, Sharfman . January 25 2023 - 09:00AM PR Newswire (US) CHARLOTTE, N.C., Jan. 25, 2023 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its. So, you have an opportunity -- or we have an opportunity to really grow that business with what we have today. It is difficult to recall everything we went through because now they are healthy and running around, Leon said. Mr. Leon J. Topalian salary is $5,950,000 per year Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. Look, I think so. Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. Click Here for Your Free Ultimate Dividend Package. That makes sense. Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and have a lot to be happy about. Later, we will conduct a question-and-answer session and instructions will be given at that time. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Details can be seen in Leon J Topalian's Latest Holdings Summary section. 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. Get notified the next time Leon J. Topalian buys or sells Nucor stock. We are a one-stop shop and can solve the entity and entirety of their steel needs. Nucor's board named Leon Topalian, 51, president and chief operating officer effective Thursday. 4 insider transaction in Nucor Corp (NUE) with a net The company also produces direct reduced iron for use in its steel mills. 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. 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. This investment adviser does not provide advice to individual investors. 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. 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 Topalians were also told they could expect a 50 percent survival rate. All Rights Reserved. Our local economic development office along with its numerous partners continue to work hard to bring new industries and quality jobs to Decatur. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. He has earned $13,035,624 Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina. The estimated net worth of Mr. Leon J. Topalian is at least $50,405,624 as of 20 Dec 2022. 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 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. Our energy cost per ton of steel produced was up approximately 50% year-over-year. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. In the -- soon coming on line of our plate mill in Brandenburg. 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. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. or piling accessories was added to new to the 2022 Code. The total. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. Nucor is North America's largest recycler. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. So, a big shout-out to the team and a thank you. 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. Good afternoon, Leon and team. ( View post) Feb 23. acquisition question, I just wanted to follow up. Curt, thank you for the question. We wanted two more children and the fact that God gave us two at one time was a real blessing.. Get up-to-the-minute news sent straight to your device. 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. They sold a total of 106,839 shares worth more than $14,127,779.65. , Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. What is the salary of Mr Topalian? Just trying to square that with the volumes being lower year-over-year. And then, my follow-up is just on the steel mill side. Let me start off with our steel products businesses. Learn More about Leon J. Topalian's net worth. And were excited about the rest of this year and were excited, frankly, about 2023. Mr. Leon J. Topalian is 55 years old, born in 1968. Operator, were now ready to take questions. We are the leading structural manufacturer in the United States. the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million. And how deep is your pipeline of potential targets right now? 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. But how much of Gallatin was in the second quarter? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We remain confident that with the capital we retain and deploy, we are building a more resilient, more profitable or more cash-generative Nucor. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. 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. . While this is a positive development, unfairly traded imports remain a concern for our industry. Other recent insider transactions involving Nucor Corp (NUE) include 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 So again, thank you, Chad. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC. And automotive is a good example. Other transactions such as conversion of derivative security or exercise of options are not included. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. There are 17 older and 3 younger executives at Nucor. We spent about $1 billion so far. 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. . Thank you for your interest in Nucor. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. Again, fabricators are a big part of that plate business. Doug? Maybe just exploring a little bit more the outlook for the steel product business. In his past career he held the position of General Manager at Nucor-Yamato Steel Co., General Manager for Nucor Steel Kankakee, Inc., Manager-Melting & Casting at Nucor Steel-South Carolina and Project Engineer at Nucor Steel Berkeley. Learn More about insider trades at Nucor. We expect these investments to generate at least $370 million of combined annual EBITDA, once fully ramped up at mid-cycle performance and considerably more in robust market conditions, like the ones were seeing now. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . 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. But for Gallatin, completed our second quarter outage. I will turn the call back over to Leon for any additional or closing comments. At this time, there are no further questions. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). During the second quarter, Nucor funded $520 million in capital expenditures and $3.1 billion in acquisitions. 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. 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.

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