The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. And youd asked about working capital. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. Nucor Corp (NUE) 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. Youre asking about pig iron. Nucor is North America's largest recycler. Information on this page was last updated on 2/3/2023. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. So thanks for the question. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. 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. He died Wednesday. | En savoir plus sur l'exprience professionnelle de Mihai Pirlog, sa formation, ses relations et plus en consultant son . The largest trade he's 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. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. Health. 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. We are so excited to welcome our new team members into the Nucor family. Appreciate your question. Over the past 18 months, 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. Fundamental company data provided by Morningstar, updated daily. The expansion will add about 1.4 million. Have a great day. Describe your leadership style and how you put it into action within your organization. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. 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. 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. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. Nucor Corp. engages in the manufacturing of steel and steel products. 6:10 So, you have an opportunity -- or we have an opportunity to really grow that business with what we have today. 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. Curt, thank you for the question. Nucor's insider roster includes Allen Behr (EVP), Craig Feldman (EVP), James Frias (CFO), Douglas Jellison (EVP), Michael Keller (Insider), Raymond Napolitan, Jr. (EVP), Daniel Needham (EVP), Kenneth Query (EVP), MaryEmily Slate (EVP), David Sumoski (COO), Leon Topalian (CEO), and D. Utermark (EVP). 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. It has been an honor to work with him in his role as Non-Executive Chairman these past few years, and I have benefitted from his experience and perspective. Let me start off with our steel products businesses. sale Kim was admitted to McLeod at 24 weeks gestation. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. More information about the risks and uncertainties relating to these forward-looking statements may be found in Nucors latest 10-K and subsequently filed 10-Qs, which are available on the SECs and Nucors website. Nucor Corp manufactures steel and steel products. It was a very different experience from when we had Jonathan and Hannah, our older children.. Sign up for our newsletter to keep reading. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Now, the other piece of that, when we look at Nucor buildings group, the Nucor buildings group does roughly about 10,000 buildings annually, just our Nucor buildings group. There are indicators that we have come off the high in some of these businesses as far as backlogs. 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. But yes, we are seeing, again, stable demand and growing in some cases. 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. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. CFO & Treasurer and EVP Stephen D Laxton on 26 Mar 2021. Steve? Yes. , And in fact, their performance in the quarter was stronger financially than the entire year of 2021. First question is just with respect to the plate and structural markets. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. Thanks. Energy, including renewables, has been a strong market. 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. 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. 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.. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. We welcome John to the executive team. GuruFocus.com is not operated by a broker or a dealer. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. Topalian will take over as CEO on Jan. 1. 1) Design-oriented outcome: Design management involves design and management activities related to the quality of design outcomes, design delivery and/or design The positions, which have an average annual compensation of $75,000, will be filled over a four-year period. And weve got, I think, good questions on the Gallatin front. On this Wikipedia the language links are at the top of the page across from the article title. And automotive is a good example. Wanna wing it $0.69 Cent wings are available now through Saturday! And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. And congrats on the exceptional quarter. 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? And were excited about the rest of this year and were excited, frankly, about 2023. today. Thank you for your interest in Nucor. Il s'agit d'un socit dont la forme juridique est Le code d'activit . They sold a total of 106,839 shares worth more than $14,127,779.65. Nucor is North America's largest recycler. Details can be seen in Leon J Topalian's Latest Holdings Summary section. Nearly 150,000 sets of twins are born each year. 3,000 shares on December 20, 2022, which Next, well hear from Carlos De Alba of Morgan Stanley. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 2023? And then, the C.H.I. That segment produced $1.1 billion in operating profits for the quarter. The video is loading. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. Learn More on Leon J. Topalian's trading history. 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 Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. or piling accessories was added to new to the 2022 Code. And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? But, could you comment a little bit more where you see the main changes? So the pipeline is rich. Thanks a lot. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. So I do want to state that, and well gauge that by the demand in the marketplace. Thanks, Leon. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. Soon enough Kim had reached her second goal: 32 weeks. Please go ahead. So, you can back into roughly $1 billion for the second half of the year. Oh, Im sorry. This will be the cleanest offshore-powered steel that exists in the world, and we stand in a perfect position to serve that market. 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. . Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. It has been an honor to work with him in his role as Non-Executive Chairman these past few years, and I have benefitted from his experience and perspective. 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. Yes. . Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. And as a result, you are seeing higher highs and higher lows. Explore the city's history and join us for an exclusive event at the Smithsonian's National Museum of African American History and Culture. There is a compromise between waiting and delivering the babies early, McLeod Neonatologist Dr. Steve Bridges said. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. 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. 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. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC.Most recently he sold 200 units of NUE stock worth $26,947 on 20 Dec 2022.. sale All Rights Reserved. "I want to thank John for his numerous contributions to Nucor. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. Thu, Jan 26 20236:56 PM EST. 2004-2023 GuruFocus.com, LLC. 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. And heres why. While joist and deck shipments were down from the first quarter, higher prices more than offset the decline in volumes. 69-year-old suffered stroke in his N.C. home; Realtor showing house left him there. The new plant in Alabama will be highly automated, utilizing efficient straight-line production and will also include advanced hot-dip galvanizing operations. 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. Operator, were now ready to take questions. So, our opportunity really isnt to move or look for other large garage door companies. 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. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. 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 . Following the completion of the sale, the chief executive officer now directly owns 126,809 shares of the company's stock, valued at $17,082,440.39. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. 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 So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. Chart Data in Insider Trading History Table. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. How do you see margins? 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