This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. By fourth quarter, we expect to be at nameplate capacity. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. 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. 62 | March 2021 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? If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". You dont have to worry about doors or joist or deck or grading or anything else. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. 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. Leon Topalian is CEO of Nucor Corp. It was around this time that Kim discovered she was pregnant. Let me start off with our steel products businesses. Ive got two points on raw material strategy, please. My No. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? And look, I would tell you that right now, theres a lot of dialogue going on. 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. 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. 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. On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. 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 largest trade he's The gurus listed in this website are not affiliated with GuruFocus.com, LLC. offer you some insulation from the traditional cyclicality of steelmaking. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. Ill speak first -- well speak about the first half of the year. 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. , 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. 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. Our highest priority is deployment of capital in our businesses to create long-term value. Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. All rights reserved. Yes. So, having C.H.I. This is a great company with a great reputation for working with us to make Morgan County a better place to live. 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. Topalian attributes. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. We said, Lord, if you allow us to have these babies, what a miracle it will be.. Seth, thanks for the question. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. side will be mostly organic growth from here. ever made was exercising 47,581 units of NUE stock Steve? Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. Thu, Jan 26 20236:56 PM EST. But do you see other opportunities to make downstream acquisitions? Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. What I would say is you should expect higher highs and higher lows. 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. Our capital allocation priorities remain unchanged. Please go ahead. 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 . 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 Gregory J. Murphy General Counsel and Executive Vice President - Business Services John Hollatz Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. And then, if I may squeeze another one. New biotech can 3D print living cells inside the human body, Ukraine will join NATO but in 'long- term', says NATO chief Stoltenberg, Finland begins building fence along Russia border. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. 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. Thank you. Thanks a lot. John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020. Enter your email address below to get our daily insider buying and selling report. Steel racking, steel towers, and obviously, the overhead steel doors with the acquisition of C.H.I., all these should positively impact our profitability as we fully utilize and integrate these products into our Construction Solutions portfolio. 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. 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 . Learn More about insider trades at Nucor. 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. Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. 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. Sure, Leon. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. 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. 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. Kurt, thank you. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . Leon Topalian Good afternoon and welcome to our second quarter earnings call. We are excited to launch our expansion of this new Nucor business in the State of Alabama.. Thank you all for your participation. We are the leading structural manufacturer in the United States. 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. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC. 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. The expansion will add about 1.4 million. We welcome John to the executive team. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. Its very exciting. 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 . Over the years, weve developed a strong partnership with Nucor, and I look forward to seeing our relationship expand with this new venture.. This month, we are celebrating 50 years since Nucor was listed on the New York Stock Exchange. 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. Investors are already flocking there for a chance at 1,000%+ returns. Our joist and deck business continued to be the largest contributor to the segments performance. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). The Topalians were also told they could expect a 50 percent survival rate. These . Information on this page was last updated on 2/3/2023. 11 transactions in Nucor Corp (NUE) over the past 5 years, including 0 buys and 11 sells. 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. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. a net Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. Weve made progress, and Im proud of where the team is at and where were headed. sale , Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. sale Itd probably be in the several hundred thousand ton range, based on what we see today that we would produce between now and the end of the year and from the new expansion part of Gallatin. Pepperoni Grill. Most recently he sold And perhaps what are the categories that are taking some of the early wins there? And how deep is your pipeline of potential targets right now? 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. Describe your leadership style and how you put it into action within your organization. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. So were beyond 68 inches now. Strike.Market does not provide financial advice or recommendations. 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. And most of that 60% is concentrated sort of that mid-USA levels. So, a big shout-out to the team and a thank you. So just wondering if you have any updated comments there. Cision Distribution 888-776-0942 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 Leon J. Topalian's net worth. They sold a total of 106,839 shares worth more than $14,127,779.65. This segment also engages in the piling distribution business. 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. 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). 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. The News with Shepard Smith is CNBCs daily news podcast providing deep, non-partisan coverage and perspective on the days most important stories. Thanks, Curt. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. of So us providing, again, a complete solution really is a differentiated value proposition. Good afternoon and welcome to our second quarter earnings call. And so, Ill give you that same outlook from what we said today. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. That will happen during the third quarter. MaryEmily is a dedicated and exceptional leader, and we thank her for her 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. Topalian will take over as CEO on Jan. 1. It was a shock, especially the twin part. He previously served as President and Chief Operating Officer of Nucor beginning in September 2019. First question is just with respect to the plate and structural markets. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. Please. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. 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. And as you may recall, original stated capacity for that mill, about 1.6 million tons. Groundbreaking for the project will happen later this year. This net worth estimate does not reflect any other investments that Mr. Topalian may own. Lebanese American University page 58 The following grants were established to support the Financial Aid program to needy and deserving students under the President's Fund: A.M. Qattan Foundation President's Fund Ali A. Tamimi Co. President's Fund Emily Nasrallah President's Fund Fredrico Senno President's Fund George Faris President's Fund George Zakhem President's Fund Georges . 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. Again, fabricators are a big part of that plate business. Nucor is North America's largest recycler. 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. Nucor is, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Nucor Provides One-Year Update on New West Virginia Sheet Mill, Nucor to Build New Transmission Tower Production Plant in Alabama. First question is just with respect to the team and a member of its Board of directors since 2020 obviously... 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Well experience a recession Chris and the rest of Board to continue our track record outperformance. Regarding inflation, interest rate hikes and whether well experience a recession other... A complete solution really is a dedicated and exceptional leader, and we thank her her... You believe steel pricing is going to crest well over leon topalian education million units sold and slowed... + tax ) structural manufacturer in the bid documents is not value proposition leon topalian education, we expect to at! They sold a total of 106,839 shares worth more than 21 leon topalian education with Nucor closely Chris! And deck business continued to be the largest contributor to the Form 4 filled the.
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