1 True or False: The 2022 edition construction to provide a construction. 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 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. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". Weve cut our pig use by about 50%, which also has led to a reduction in greenhouse gas emissions and has really been a key part of supporting our record earnings. They remain a bit cautious with their buys. Timna, where we see, maybe a little more color. The other side of it and the other filter that we look for is how do we continue to provide sweeping solutions in construction, in energy, in automotive, so that when our commercial teams go and meet with the architects, engineers, owners, VCs, they can say weve got the entire solution for you. So, we still see that nonres construction space that is the driver for these businesses, as Al mentioned earlier, to be very strong. Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. 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.. revision of the 2016 edition. Thanks. You dont have to worry about doors or joist or deck or grading or anything else. Fundamental company data provided by Morningstar, updated daily. 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. . We spent about $1 billion so far. of 57,932 shares. Has Leon J. Topalian been buying or selling shares of Nucor? The Topalian family could now bring home their two newest additions. 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. Steve? Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments. Is this happening to you frequently? In addition, he makes $5,953,180 as Pres and CEO & Director at Nucor. 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. By fourth quarter, we expect to be at nameplate capacity. Pepperoni Grill. Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. Thank you for your interest in Nucor. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. All Rights Reserved. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. And again, well have the capability. The new plant in Alabama will be highly automated, utilizing efficient straight-line production and will also include advanced hot-dip galvanizing operations. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina. In the -- soon coming on line of our plate mill in Brandenburg. Formerly of Topalian's Newsagents, Grange . And so the Live the Culture piece is easy. So just a big shout-out to all of our downstream product groups. now in the portfolio continues to differentiate Nucor as a one-stop differentiated supplier that can take care of all the needs. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. Any color would be helpful. So, you can back into roughly $1 billion for the second half of the year. At this time, there are no further questions. I wanted to follow up on your M&A commentary. 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. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. Our direct returns to shareholders for the quarter was 37% of earnings. If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. 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. I think it will get richer as we move forward. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Yes. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . The video is loading. If we just look, for example, at the warehousing space, forecast by Dodge for 2023 is down about 19%. 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. 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. As insider, Mr. Leon J. Topalian owns shares in one company: Nucor Corporation manufactures and sells steel and steel products. Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. 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 . As we announced in May, MaryEmily Slate retired on June 11th. Yes. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. So just wondering if you have any updated comments there. Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. He has earned $13,035,624 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. Learn More on Leon J. Topalian's trading history. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. Nucor is working hard to ensure that they all remain in place. Overhead Doors and announced two acquisitions that will lead to the establishment of Nucor Towers and Structures, which will serve the utility, transportation and telecommunications sectors. Mr. Topalian began his career with Nucor as a project engineer at Nucor Steel-Berkeley in 1996 and was promoted to Cold Mill Production Supervisor in 1998. . All rights reserved. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. I wanted to ask two questions. According to the SEC Form 4 filings, Leon J Topalian has made a total of So very excited, very proud of that team. "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. Yes. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. , View original content:https://www.prnewswire.com/news-releases/nucor-announces-leon-j-topalian-as-chair-of-the-board-of-directors-names-christopher-j-kearney-lead-independent-director-301625534.html, Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. That makes sense. Enter your email address below to get our daily insider buying and selling report. Over the past 18 months, The nurses already knew who we were, Leon said. 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, Leon. The estimated net worth of Leon J. Topalian is at least $21.65 million as of December 20th, 2022. stock. As far as the DRI, we adjust our DRI transfer price monthly. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 2023? Thanks, Leon. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. of The most recent stock trade was executed by Kenneth Rex Query on 3 February 2023, trading 1,962 units of NUE stock currently worth $349,216. Weve awarded our significant portions of civil and concrete work. During the five years ending in 2021, we returned approximately 56% of Nucors net earnings to shareholders. Soon enough Kim had reached her second goal: 32 weeks. Again, fabricators are a big part of that plate business. 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. So, you have an opportunity -- or we have an opportunity to really grow that business with what we have today. Nucor has grown revenues by more than 13% per year from $83 million when we were first listed on the exchange in 1972 to last years record of $36.5 billion, even as the total size of the domestic industry has shrunk. Nucor Corp (NUE)'s detailed insider trading history can be found in Insider Trading Tracker table. So, service centers is a big product segment. Yet only 1 percent of them are monoamniotic twins, like Isabella and Sophia. Il s'agit d'un socit dont la forme juridique est Le code d'activit . Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. It was around this time that Kim discovered she was pregnant. 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. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. 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. And how deep is your pipeline of potential targets right now? Certain statements made during the conference will be forward-looking statements that involve risks and uncertainties. MaryEmily is a dedicated and exceptional leader, and we thank her for her more than 21 years with Nucor. Nonresidential construction has been one of our most resilient markets across the enterprise, and we would expect that continues in 2023. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. 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. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. What is the composition of these basically stable operating results? Before we get to our second quarter results, I want to highlight some changes we've made to our executive. I became great friends with the girls on the fourth floor; they are phenomenal, Kim said, especially as the days got harder toward the end.. But as we start to put the mill through its paces, well go wider and wider. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. Thanks, Curt. Quick summary, all our primary steelmaking equipment has been purchased. The second, Gallatins modernization and expansion was completed in June. Yes. sale As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. Details can be seen in Leon J Topalian's Latest Holdings Summary section. This is Steve. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. , 11 transactions in Nucor Corp (NUE) over the past 5 years, including 0 buys and 11 sells. Id just like to congratulate our entire team again for a record first half of the year. 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). That does conclude todays conference. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. We said, Lord, if you allow us to have these babies, what a miracle it will be.. $37,370,000 in Nucor Corporation Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. At that time, we just operated one steel mill, which was Nucor Steel Darlington. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. Our utilization remains right where wed expect it. NewsBreak provides latest and breaking news about Leon Topalian. 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. We welcome John to the executive team. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. Im going -- sorry, Curt, was talking about West Virginia, which Ill hold that for a moment and share that here perhaps a little later to the question or a follow-up. Health. from 8 AM - 9 PM ET. There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. We have also grown our workforce from 1,800 team members back in 1972 to more than 31,000 team members today and in the process created a huge amount of shareholder value. There are indicators that we have come off the high in some of these businesses as far as backlogs. "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. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. Mr. Kearney has served in various positions at SPX FLOW, Inc. 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Space, forecast by Dodge for 2023 is down about 19 % 0 buys and 11.!
leon topalian education