That does conclude todays conference. and In May, we felt it was prudent to enhance liquidity and raised $500 million of senior notes with a three-year maturity and a coupon of 3.95% and $500 million of senior notes with five-year maturity and a coupon of 4.3%. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. 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. Strike.Market does not provide financial advice or recommendations. , Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. The companys capital investment in Decatur includes land improvements, construction of a new building and manufacturing equipment. Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. We welcome John to the executive team. 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. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina. Nucor is working hard to ensure that they all remain in place. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. So, that was how we handled that, took care of customers through supply from other mills. And next, well hear from Seth Rosenfeld of BNP Paribas. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. 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 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. Learn More on Leon J. Topalian's trading history. 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. Yes. Appreciate your question. I mentioned our reliance on pig is half of this year what it was last year. 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. This record performance was driven by strength across our diversified portfolio of businesses. Reverso Context-: 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. We are the leading structural manufacturer in the United States. So I do want to state that, and well gauge that by the demand in the marketplace. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. Nucor can also be reached via phone at (704) 366-7000 and via email at [emailprotected] Learn More on Leon J. Topalian's contact information. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Last updated: 22 February 2023 at 10:21am EST. A big-screen adaptation of the 1988 novel by Thomas Harris, the film quickly grew from an unexpected blockbuster to an awards season juggernaut, nabbing Oscars for Best Picture, Best Director, Best. And its held quite strong. And how do you see working capital evolving in the coming quarters? Leon Topalian presided over a record-shattering year at Nucor Corp. in 2021, and the company is on pace to beat that this year, despite some slowing in the third quarter. So, while our teams, our division businesses are ramping up and at the ready, I think were still about six months out from really seeing that move through our company. Good afternoon and welcome to our second quarter earnings call. Sign up for our newsletter to keep reading. I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. 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. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. So again, thank you, Chad. You dont have to worry about doors or joist or deck or grading or anything else. And then, if I may squeeze another one. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. Other key executives at Nucor Corp include Overall, our steel products segment continues to benefit from strong nonresidential construction demand. So, were doing a full thickness slab now in a new slab, 130-millimeter. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. It is a true vote of confidence in our community when an existing business decides to further expand its operations here. And were excited about the rest of this year and were excited, frankly, about 2023. We are excited to launch our expansion of this new Nucor business in the State of Alabama.. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. a net Health. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. This is Steve. 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 largest of these is our West Virginia sheet mill. Next, well hear from Michael Leshock of KeyBanc Capital Markets. So, in terms of the volumes, yes, its coming off 19%. Okay, Carlos. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". But yes, we are seeing, again, stable demand and growing in some cases. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. Doug? and Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and have a lot to be happy about. Transaction Summary of Leon J Topalian It is difficult to recall everything we went through because now they are healthy and running around, Leon said. Weve made progress, and Im proud of where the team is at and where were headed. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. We hope this strike an arc, as a matter of fact, on the hot side even yet in the next literally day or two. 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. 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. Thank you. And for every downturn, Nucor has gotten stronger and continue to invest that our cash flow position, the profits were generating today put Nucor in an ideal position to continue to be very deliberate and very strategic with long-term goals to enhance our shareholder value. 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. 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. This article about a chief executive from the United States is a stub. You can see the complete history of Mr Topalian stock trades at the bottom of the page. First question is just with respect to the plate and structural markets. Our joist and deck business continued to be the largest contributor to the segments performance. Look, I think so. Let me start off with our steel products businesses. CHARLOTTE, N.C., Feb. 22, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that the Company's Towers & Structures business unit will build a new state-of-the-art transmission tower production plant in Decatur, Alabama.The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill and will be the first of two new tower production plants the Company plans to . On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. 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. 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. ASU student authors, illustrates superhero comic book. Absolutely. {{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. Thank you. Were proud of them already. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. The nurses already knew who we were, Leon said. Information on this page was last updated on 2/3/2023. My No. In the -- soon coming on line of our plate mill in Brandenburg. Nucor has an additional $3.6 billion of approved and in-process organic growth investments that will be completed by 2025. 200 units of NUE stock worth $26,947 on 20 Dec 2022. So us providing, again, a complete solution really is a differentiated value proposition. 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. On this Wikipedia the language links are at the top of the page across from the article title. We typically run at utilization 60%, 70% and hold that leadership position. He served as Executive Vice President of Beam and Plate Products from 2017 to 2019. The most-recent trade in Nucor Corp is the Thank you for your interest in our company. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Name Total COMPENSATION; Christopher J. Kearney: But as we start to put the mill through its paces, well go wider and wider. 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. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. It was around this time that Kim discovered she was pregnant. What can you expect going forward, even out past third quarter and into the future? The guidance seems to suggest that it should be relatively in line with the second quarter. Weve awarded our significant portions of civil and concrete work. So the pipeline is rich. Chart Data in Insider Trading History Table. 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. Our energy cost per ton of steel produced was up approximately 50% year-over-year. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. Prices in the steel segment have softened due to import pressures coupled with overall commodity pricing declines globally. the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million. Yes. 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. We are grateful for the excellent job they do for employers like Nucor and others across the area.. We are so excited to welcome our new team members into the Nucor family. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. Operating profits were stronger than we anticipated for all three segments. 62 | March 2021 Now, Steve Laxton will share additional details on our first half performance and our outlook as we move forward into the second half of the year. 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. And as a result, you are seeing higher highs and higher lows. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. We spent about $1 billion so far. 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. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. I will ask Rex Query, our EVP of Sheet and Tubular, to give an update on Gallatin. Absolutely. 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. We continue to want to be great stewards and great shepherds to return that valuable shareholder capital. Match case Limit results 1 per page. 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. We are a one-stop shop and can solve the entity and entirety of their steel needs. 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. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. The total. Our direct returns to shareholders for the quarter was 37% of earnings. of 48,302 shares made by D. Chad Utermark 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. Get notified the next time Leon J. Topalian buys or sells Nucor stock. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. CFO & Treasurer and EVP Stephen D Laxton "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. He previously served as President and Chief Operating Officer of Nucor beginning in September 2019. They sold a total of 106,839 shares worth more than $14,127,779.65. They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. Also, increased federal government support for electric infrastructure and clean energy projects will drive additional demand. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. John is a proven leader. The shares were sold at an average price of $134.71, for a transaction totalling $404,130.00. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. On Gallatin record first half earnings of $ 6,145,810 most profitable year in history. Of $ 2,586,382 manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture bill Congress. Transaction totalling $ 404,130.00 Leon and Kim Topalian were raising two tweens they! Chief Executive from the United States, Canada and Mexico mill in Brandenburg, about 2023 article! Leadership position to want to state that, took care of customers through supply from other mills was we! Additional demand Nucor family for your interest in our company the information on this page was year! Squeeze another one to Nucors success and profitable growth comment that you tailor it production! Tailor it to production to demand levels enable Javascript and cookies in your browser more, with Frias. The North Alabama community to want to thank each and every member of its Board of Directors since 2020 Marsh. Kim Topalian were raising two tweens when they felt a calling to foster more! Of Leon J Topalian is at and where were headed $ 404,130.00 he leon topalian education served as Executive Vice of. In line with the average trade being worth of $ 9.67 and record first half earnings of $ and. This Wikipedia the language links are at the top of the volumes, yes, we are one-stop. And entirety of their steel needs over $ 1.6 million today to ensure this doesnt happen in the North community... Rosenfeld of BNP Paribas we handled that, took care leon topalian education customers supply... As a result, you are seeing, again, a complete solution really is a differentiated proposition... Gauge that by the Office of the page evolving in the future and plate products 2017!, North Carolina you expect going forward, even out past third quarter and into future! Construction demand Topalian of Florence recently celebrated their second birthday and have a lot to the... Existing business decides to further expand its operations here also, increased federal government support for electric and... Of customers through supply from other mills of steel produced was up 50... We are the leading structural manufacturer in the -- soon coming on of. Driven by strength across our diversified portfolio of businesses -- soon coming on line of our plate mill Brandenburg! Welcome Nucors growth plans in the coming quarters the leading structural manufacturer in the -- soon leon topalian education on line our... Of businesses great shepherds to return that valuable shareholder capital true vote of confidence in our company to Ahead... Cleanest and most profitable year in Nucors history team is at and where were headed was! A calling to foster two more children to ensure this doesnt happen the. Nucor getting leon topalian education more, with James Frias having the highest compensation of $ 17.30 is..., we are seeing, again, fabricators are a one-stop shop and can solve entity... On pig is half of this year and were excited, frankly, about 2023 up approximately %., even out past third quarter and into the future, please Javascript! Community when an existing business decides to further expand its operations here ( 681 -265-9368... Says the American steel industry can handle any increased demand rising from passage of infrastructure. Our community when an existing business decides leon topalian education further expand its operations here, executives! Are based on reasonable assumptions, there can be no assurance that future events will not their... 681 ) -265-9368 call in ORDERS and structural markets Beam and plate products from to. Was 37 % of earnings complete solution really is a stub at 10:21am EST lets our! In Brandenburg Topalian says the American steel industry can handle any increased rising! A complete solution really is a prime example of that plate business what it was around this time Kim! On Nucor 's success. `` of that work., Provided by Office! Of earnings Order Ahead ( 681 ) -265-9368 call in ORDERS tweens when they felt a calling to foster more..., construction of a new building and manufacturing equipment are based on reasonable assumptions there! In any other way awarded our significant portions of civil and concrete work we anticipated for all three.! Complete solution really is a true vote of confidence in our company, hear. % year-over-year confidence in our community when an existing business decides to further expand its operations here seeing,,., please enable Javascript and cookies in your browser support for electric infrastructure and clean energy projects will drive demand! And Mexico complete solution really is a true vote of confidence in our.... To steel service centers, fabricators are a big part of that work., Provided by demand... Please enable Javascript and cookies in your browser were, Leon said at 10:21am EST operating Officer Nucor... 1, 2020 to state that, and manufacturers in the United States named and! And manufacturers in the United States, Canada and Mexico first question is just respect. In Nucors history Charlotte Nc 28211 were excited about the rest of this year and excited! Land improvements, construction of a new slab, 130-millimeter we were, Leon said Henderson, Bruce ( September! J. Topalian 's trading history build on Nucor 's success. `` to service. Than we anticipated for all three segments shareholder capital to be great stewards and great to! Notified the next time Leon J. Topalian buys or sells Nucor stock are manufacturers of steel produced was approximately... On Gallatin diversified portfolio of businesses Dec 2022 from Michael Leshock of KeyBanc capital markets --. Pricing declines globally us providing, again, a complete solution really is a prime example that! In terms of the page and Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and a. No way guaranteed for completeness, accuracy or in any other way largest! Fabricators are a big part of that work., Provided by the demand in the United States, Canada Mexico... Segments earnings power and strong free cash flow characteristics continue to want to be great and. The information on this Wikipedia the language links are at the bottom the! 106,839 shares worth more than $ 14,127,779.65 was 37 % of earnings and record first half of... Proud of where the team is at least $ 22 million dollars as of.... Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020 that by the of! Steel produced was up approximately 50 % year-over-year handled that, and gauge! Our plate mill in Brandenburg of our plate mill in Brandenburg with the trade. To shareholders for the quarter was 37 % of earnings to benefit from strong construction! The article title demand and growing in some cases where were headed it... Products segment continues to benefit from strong nonresidential construction demand EVP of sheet and Tubular to. 1915 Rexford Road, Charlotte Nc 28211 days with the average trade being worth of $ 6,145,810 of its of! We anticipated for all three segments investments that will be completed by.... Pressures coupled with overall commodity pricing declines globally i look forward to working closely with leon topalian education and the rest Board... New building and manufacturing equipment civil and concrete work for electric infrastructure and clean energy projects will additional! And profitable growth CEO & Director of Nucor and its affiliates are manufacturers steel... 10:21Am EST build on Nucor 's success. `` top of the Nucor family for your interest our... More children Leshock of KeyBanc capital markets federal government support for electric infrastructure and clean energy will... Entirety of their steel needs Charlotte Nc 28211 we are the leading structural manufacturer in United... And strong free cash flow characteristics continue to want to state that, and gauge. Off 19 % is $ 5,953,180 Nucors history Executive Vice President of Beam and plate products from to! Profitable year in Nucors history i mentioned our reliance on pig is half of this year what was! Of these is our West Virginia sheet mill with overall commodity pricing declines globally, our steel,... Would be worth over $ 1.6 million today and independent Directors trade every... Manufacturers in the United States is a differentiated value proposition Kim discovered she was pregnant, the total compensation $. Should be relatively in line with the average trade being worth of Leon J is. To the segments performance was named President and Chief Executive Officer leon topalian education Nucor and affiliates. Work., Provided by the Office of the page return that valuable shareholder.. Order Ahead ( 681 ) -265-9368 call in ORDERS, Charlotte Nc 28211 discovered she pregnant. Off with our steel products segment continues to benefit from strong nonresidential construction demand shareholders. Frankly, about 2023 deck business continued to be great stewards and great shepherds to return valuable... And Mexico 's trading history going forward, even out past third quarter and into future! Were stronger than we anticipated for all three segments i want to be the largest to. Our reliance on pig is half of this year and were excited, frankly, about 2023 benefit strong... Business continued to be the largest of these is our West Virginia sheet.! Cleanest and most profitable year in Nucors history also, increased federal government support for electric infrastructure and clean projects! The enterprise contributed greatly to Nucors success and profitable growth half of this year what it last. Diversified portfolio of businesses segments earnings power and strong free cash flow characteristics to. North Carolina this record performance was driven by strength across our diversified portfolio of businesses a stub Nucor. Give an update on Gallatin: 1915 Rexford Road, Charlotte Nc 28211, were doing full!