Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. But I want to remind you how strong those highs were. What I would say is you should expect higher highs and higher lows. While those are real, the driving demand factors in our businesses, for the most part, remain very healthy. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. During the last twelve months, insiders at the basic materials company sold shares 14 times. One of the finest books about Catholic social teaching The real social teachings of the Church developed over centuries by a long line of popes saints and approved . acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. 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. So, having C.H.I. It was around this time that Kim discovered she was pregnant. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. Turning to our financial performance. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. Gurus may be added or dropped from the GuruFocus site at any time. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. Thank you for your interest in our company. First question is just with respect to the plate and structural markets. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. Other recent insider transactions involving Nucor Corp (NUE) include Regarding the C.H.I. Quick summary, all our primary steelmaking equipment has been purchased. As Leon said, Curt, Id just echo on the structural side, Ill start there first. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. And perhaps what are the categories that are taking some of the early wins there? Learn More about Leon J. Topalian's net worth. We will continue to work hard to earn that business well into the future. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. When typing in this field, a list of search results will appear and be automatically updated as you type. Thanks, Curt. The guidance seems to suggest that it should be relatively in line with the second quarter. Just trying to square that with the volumes being lower year-over-year. 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. Ill ask Doug Jellison, our EVP of Raw Materials and Logistics, really to provide some background in how that flow-through impact of the DRI pricing into the mills works and explain that in a little more detail. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . brought Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. and Nucor Corporation. Get notified the next time Leon J. Topalian buys or sells Nucor 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. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 2023? And how deep is your pipeline of potential targets right now? On this Wikipedia the language links are at the top of the page across from the article title. . The estimated net worth of Leon J. Topalian is at least $21.65 million as of December 20th, 2022. of 48,302 shares made by D. Chad Utermark And then, the C.H.I. The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. We have a lot of room to grow. 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 . Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. There is a compromise between waiting and delivering the babies early, McLeod Neonatologist Dr. Steve Bridges said. And finally, thank you to our shareholders for the trusted capital that you place in our hands. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. Later, we will conduct a question-and-answer session and instructions will be given at that time. Timna, where we see, maybe a little more color. 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. 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. The most-recent trade in Nucor Corp is the 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 . Its very exciting. 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. Yes. You can help Wikipedia by expanding it. How do you see margins? Offsetting some of the benefits of the stronger metal margins we have been realizing over the past several quarters are some cost pressures from higher electricity and natural gas pricing. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. Next, well hear from Carlos De Alba of Morgan Stanley. side will be mostly organic growth from here. "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. 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. With regard to plate, I would say weve made several changes on how we market that product, how we take it to market, how we price it and how we lowered our order books. 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. Oh, Im sorry. So us providing, again, a complete solution really is a differentiated value proposition. And next, well hear from Seth Rosenfeld of BNP Paribas. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. So, at $1.1 billion of net earnings for our products group, they are setting an incredibly high bar and really operating on all cylinders. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. We are so excited to welcome our new team members into the Nucor family. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? And youd asked about working capital. While this is a positive development, unfairly traded imports remain a concern for our industry. 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. But equally, that drop in 19% for 2023 is 60% higher than what we saw our previous record year, which was 2018 prior to 2021. We are also thankful for the approximately $125 million investment and the 200 jobs created with a compensation of around $75,000, added Bowling. The total. But how much of Gallatin was in the second quarter? as Pres, Chief Executive Officer & Director in Nucor Corporation. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. I mean, we stand as the only mill in North America, the only mill in the Western Hemisphere that can serve that market thats currently served by foreign steel, mostly blast furnace steel. For example, our Nucor Steel Gallatin modernization and expansion project is now fully operational, having completed the last of their project-related outage work on June 6th. 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. 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. This will be the cleanest offshore-powered steel that exists in the world, and we stand in a perfect position to serve that market. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. I would just say we would expect continued robust markets. And most of that 60% is concentrated sort of that mid-USA levels. Leon J Topalian is Our July 12, 1972, news release announcing the listing gave our firms business description as "The nations largest producer of steel joists." 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. Stock quotes provided by InterActive Data. Enter your email address below to get our daily insider buying and selling report. Weve awarded our significant portions of civil and concrete work. Ive got two points on raw material strategy, please. This investment project is a win for Nucor, Decatur and all of Alabama.. 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. Yes. For the year, we expect earnings per share will establish a new annual record for Nucor. As Leon mentioned, first quarter of 2022 earnings of $7.67 per share establishes a new first quarter record, more than doubling the prior record of $3.10 set last year in the first quarter. 1 dividend stock for a LIFETIME of income. of 10,962 shares made by Kenneth Rex Query Please. But, how much early demand are you seeing that -- from that materialize this year? Details can be seen in Leon J Topalian's Latest Holdings Summary section. Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. All Rights Reserved. So, we still see that nonres construction space that is the driver for these businesses, as Al mentioned earlier, to be very strong. 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. Since entering the steel business, we have focused on growing long-term earnings power and shareholder value. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. on 26 Mar 2021. He has earned $13,035,624 And weve got, I think, good questions on the Gallatin front. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products businesses, and wire and wire mesh. Year-to-date, it is 43%. So, you can back into roughly $1 billion for the second half of the year. Leon J Topalian made Health. Theres no overhang or buildup of pigs. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. 3,000 shares on December 20, 2022, which a net Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. On average, Mr trades about 6,725 units every 79 days since 2017. 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. Click here to see the complete history of Leon J Topalians form 4 insider trades. 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. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. We are excited to launch our expansion of this new Nucor business in the State of Alabama.. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Nucor Corp (NUE) Kurt, thank you. Wanna wing it $0.69 Cent wings are available now through Saturday! North Kingstown, Rhode Island, United States Food Server Carrabba's Italian Grill Apr 2018 - Jan 20212 years 10 months Warwick, Rhode Island, United States Education Endicott College Bachelor's. Reverso Context-: And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. 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? {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Independent Contractor (Newspaper Carrier), Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, Brown, Norwood give back to their community, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, KFC is bringing back a fan favorite after a nearly 10-year hiatus, Monday Florence crash sends one person to the hospital, Moore has worked to make Florence a better place, FMU basketball signs Pee Dee Academy's Spivey, Win at Florence Center on Friday puts Hartsville boys in state title game, Hartsville boys' season ends in lower state final, Lake View girls' season ends in Class A lower-state final, PREP ROUNDUP: South Florence's Williams, Hartsville's Berghorn earn state wrestling titles, Elizabeth Holmes gives birth to second child while seeking to further delay imprisonment, Florence Police search for murder suspect, PREP ROUNDUP: FCS' Lewis tosses 5-inning no-hitter vs. Cardinal Newman. Yet only 1 percent of them are monoamniotic twins, like Isabella and Sophia. Weve made progress, and Im proud of where the team is at and where were headed. You have permission to edit this article. Learn More about insider trades at Nucor. And we have guided to a little more than $2 billion on the year. . of 171,494 shares. Ill speak first -- well speak about the first half of the year. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. 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. Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. So again, thank you, Chad. Its in supply chain and some of those constraints. 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. Nucor has an additional $3.6 billion of approved and in-process organic growth investments that will be completed by 2025. Have a great day. Leon J. Topalian Chair, President and Chief Executive Officer + Stephen D. Laxton Chief Financial Officer, Treasurer and Executive Vice President + David A. Sumoski Chief Operating Officer + Al Behr Executive Vice President Plate and Structural Products + Noah Hanners Executive Vice President Raw Materials + John Hollatz Executive Vice President 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. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. That -- the new equipment, were capable of 73.5 inches. And so the Live the Culture piece is easy. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. . $4 million awarded to support early childhood education. Topalian twins' 'MoMo' survival proves miraculous. Certain statements made during the conference will be forward-looking statements that involve risks and uncertainties. With the outages, we were a little bit under that at Gallatin, but we augmented that with other sheet mills in our group. Nearly 150,000 sets of twins are born each year. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Turning to the balance sheet briefly. So, its 60% higher than what we did in 2018. 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. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. In addition to that, were bringing on these new businesses in Expand Beyond. We wanted two more children and the fact that God gave us two at one time was a real blessing.. Investors are already flocking there for a chance at 1,000%+ returns. And Id say thats just not chasing the cheap tons. And look, I would tell you that right now, theres a lot of dialogue going on. I want to thank our 31,000 teammates for these fantastic results. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. Match case Limit results 1 per page. So pretty excited about it. The estimated Net Worth of Leon J Topalian is at least $36.3 Million dollars as of 20 December 2022. 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. You can see the complete history of Mr Topalian stock trades at the bottom of the page. And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. Only the transactions in Open Market or Private Sale at the market prices are included. 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. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. By fourth quarter, we expect to be at nameplate capacity. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. 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. Our highest priority is deployment of capital in our businesses to create long-term value. If you have an ad-blocker enabled you may be blocked from proceeding. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. Please disable your ad-blocker and refresh. We absolutely expect in the fourth quarter to run at really nameplate capacity. 69-year-old suffered stroke in his N.C. home; Realtor showing house left him there. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. The shares were sold at an average price of $134.71, for a transaction totalling $404,130.00. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . Last updated: 22 February 2023 at 10:21am EST. We are very excited to be building this new tower production plant in Alabama, where Nucor has a long history and presence throughout the state, said Leon Topalian, Chair, President and CEO of Nucor Corp. As Americas most diverse industrial manufacturer of steel products, we will be able to efficiently supply this new plant, helping to ensure that our nations critical energy and digital infrastructure is built with the cleanest, most sustainable steel in the world.. Yes, Timna. It sounds like the C.H.I. 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. Overall, our steel products segment continues to benefit from strong nonresidential construction demand. Turning to policy issues. 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. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. Pepperoni Grill. Flow Media s.r.o. 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. Other key executives at Nucor Corp include If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. "This is a critical time for the American steel industry," Topalian says. Reshoring semiconductor production here in America gives us a tremendous opportunity to unleash a manufacturing renaissance in the United States. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. And its a good question in terms of how that breaks out because there are segments within the products group that will continue to have record-setting pace in performance. That will happen during the third quarter. I wanted to follow up on your M&A commentary. Earlier, I mentioned the 50th anniversary of our New York Stock Exchange listing. 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. 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. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. From market futures to live price updates CNBC is the leader in business news worldwide. The largest trade he's The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. (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 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. 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. Details can be seen in Leon J Topalian's Latest Holdings Summary section. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Prior to that time, he held various leadership positions at Nucor,. Thanks, Curt. more than 21 years with Nucor. Our people are our strength in Morgan County, said state Sen. Arthur Orr, who serves as chairman of the Morgan County Economic Development Association. Thanks a lot. "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. 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. Is there any sort of renewed or early signs of renewed appetite to reengage here? Leon Topalian Good afternoon and welcome to our second quarter earnings call. The estimated net worth of Mr. Leon J. Topalian is at least $50,405,624 as of 20 Dec 2022. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. Mr. Leon J. Topalian is 55 years old, born in 1968. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. It also engages in the steel trading and rebar distribution businesses. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. This is a game-changing mill in the U.S. plate market that will firmly establish us as the market leader in plate. from insider trading and has received compensation worth at least 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.
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