After the tour, Dr. Bridges sat down with us and went over the statistical facts of survival rates. So were beyond 68 inches now. Groundbreaking for the project will happen later this year. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. 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. sale And look, I would tell you that right now, theres a lot of dialogue going on. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million. The new plant in Alabama will be highly automated, utilizing efficient straight-line production and will also include advanced hot-dip galvanizing operations. And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. So, our opportunity really isnt to move or look for other large garage door companies. On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. From market futures to live price updates CNBC is the leader in business news worldwide. Quick summary, all our primary steelmaking equipment has been purchased. While this is a positive development, unfairly traded imports remain a concern for our industry. We are excited to launch our expansion of this new Nucor business in the State of Alabama.. Were already expanded -- have expanded our slab with beyond original capabilities. This situation places the babies at high risk for their umbilical cords to become entangled which could result in cord compression and possible fetal demise. I mentioned our reliance on pig is half of this year what it was last year. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina. Having joined Nucor in 1996, Mr. Topalian also has served as General Manager at two of Nucor's facilities, in Arkansas and Illinois, as well as Melting and Casting Manager, an Operations Manager, a cold mill production supervisor and a project manager. 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. In our steel mills segment, shipping volumes were up by 10%. Past performance is a poor indicator of future performance. now in the portfolio continues to differentiate Nucor as a one-stop differentiated supplier that can take care of all the needs. And again, well have the capability. "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. So, you can back into roughly $1 billion for the second half of the year. All Rights Reserved. today. There are 17 older and 3 younger executives at Nucor. And next, well hear from Seth Rosenfeld of BNP Paribas. (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. 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). | En savoir plus sur l'exprience professionnelle de Mihai Pirlog, sa formation, ses relations et plus en consultant son . 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. of 13,387 shares made by Allen C Behr After spending three weeks in the NICU, the girls were eating and breathing well on their own. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. 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. Nucor Corp (NUE)'s detailed insider trading history can be found in Insider Trading Tracker table. Flow Media s.r.o. Yes. Ferriola has been Nucor's chief executive since 2013. 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. Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and have a lot to be happy about. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . Cramer interviewed Nucor CEO Leon Topalian on Thursday. "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. John is a proven leader. . side will be mostly organic growth from here. And as a result of that, we see a stable input cost to DRI with a still elevated pig price or transfer price into the third quarter and then dropping pretty significantly into the fourth quarter. So, we still see that nonres construction space that is the driver for these businesses, as Al mentioned earlier, to be very strong. 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. 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 Seth, thanks for the question. And we have guided to a little more than $2 billion on the year. They remain strong with strong backlogs. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . So, you would look right at that 3 million ton run rate annualized. Leon J Topalian is the Executive Vice President of Nucor Corp. On this Wikipedia the language links are at the top of the page across from the article title. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. And maybe just as a quick follow-up. And as a result, you are seeing higher highs and higher lows. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. 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. Last updated: 22 February 2023 at 10:21am EST. 2004-2023 GuruFocus.com, LLC. 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 . Good afternoon and welcome to our second quarter earnings call. 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. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. $4 million awarded to support early childhood education. Nucor Corp manufactures steel and steel products. 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 most active insiders traders include Gregory Hayes, Joseph D Rupp, and Patrick Dempsey. Having joined Nucor in 1996, Mr. Topalian also has served as General Manager at two of Nucor's facilities, in Arkansas and Illinois, as well as Melting and Casting Manager, an Operations Manager, a cold mill production supervisor and a project manager. Over the past 18 months, Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision Subscribe to CNBC: https://cnb.cx/SubscribeCNBCTurn to CNBC TV for the latest stock market news and analysis. Thanks. Thank you for your interest in Nucor. of 48,302 shares made by D. Chad Utermark But for Gallatin, completed our second quarter outage. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. 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. The Topalian family could now bring home their two newest additions. But how much of Gallatin was in the second quarter? My No. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Click Here for Your Free Ultimate Dividend Package. Maybe just exploring a little bit more the outlook for the steel product business. What I would say is you should expect higher highs and higher lows. 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. As we evaluate growth initiatives, either in our core business or by expanding beyond, we focused on driving incremental value by leveraging our capabilities and existing positions of strength as we have done for the last 5.5 decades throughout our history. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Thank you. 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. on 26 Mar 2021. As a reminder, todays call is being recorded. Chart Data in Insider Trading History Table. This is Steve. Cramer spoke with Nucor CEO Leon Topalian on Friday. Our people are our strength in Morgan County, said state Sen. Arthur Orr, who serves as chairman of the Morgan County Economic Development Association. 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.. And Q2, we saw much of the same. 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. The result is that today, we are the leading North American manufacturer of a diverse array of steels and steel products providing essential solutions for construction, infrastructure, energy, transportation, automotive, capital goods and consumer-durable market applications. This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. Fri, Dec 9 20227:06 PM EST. Turning to policy issues. Nearly 150,000 sets of twins are born each year. For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. And so the Live the Culture piece is easy. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Next, well hear from Emily Chieng of Goldman Sachs. How do you see margins? Charlotte, North Carolina-based Nucor established the new business unit after its 2022 acquisition of Summit Utility Structures LLC and Sovereign Steel Manufacturing LLC, which produces metal poles and other steel structures for utility infrastructure and highway signage. 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. And congrats on the exceptional quarter. Nucor has an additional $3.6 billion of approved and in-process organic growth investments that will be completed by 2025. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. But, could you comment a little bit more where you see the main changes? This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Regarding the C.H.I. Through her own research and in talking with her physicians, Kim discovered that monoamniotic twins have a higher success rate if the mother can be hospitalized and monitored at 24 weeks development. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. Were seeing some -- again, the word resiliency is the right word across the nonres construction businesses and you know well now in Nucor that 50% of our overall mix is into the construction sector. We remain confident that with the capital we retain and deploy, we are building a more resilient, more profitable or more cash-generative Nucor. Look, I think so. Only the transactions in Open Market or Private Sale at the market prices are included. Thank you for your interest in our company. Yes. 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. Ill just say from a very high level before I turn it to Al that one of the unique opportunities that we have, particularly in structural, is the market share position that we have. As insider, Mr. Leon J. Topalian owns shares in one company: Nucor Corporation manufactures and sells steel and steel products. As youre also aware, we closed on C.H.I. 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. He served as Executive Vice President of Beam and Plate Products from 2017 to 2019. We look forward to working with them to make sure this venture is successful, said Long. Couldnt be more excited about Dave Banger and his leadership team, the entire C.H.I. That segment produced $1.1 billion in operating profits for the quarter. Again, fabricators are a big part of that plate business. 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. Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. The guidance seems to suggest that it should be relatively in line with the second quarter. We continue to want to be great stewards and great shepherds to return that valuable shareholder capital. from 8 AM - 9 PM ET. a net It is difficult to recall everything we went through because now they are healthy and running around, Leon said. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. All rights reserved. Yes. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. Is this happening to you frequently? So us providing, again, a complete solution really is a differentiated value proposition. And youd asked about working capital. So I do want to state that, and well gauge that by the demand in the marketplace. Mr. Topalian was named President and Chief Executive Officer effective January 1, 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. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. 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. Nucor can also be reached via phone at (704) 366-7000 and via email at paul.donnelly@nucor.com. We are not atrading platform and do not offer tobuy stock or sell any security. But well gauge that to what the market is doing off of that. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. And perhaps what are the categories that are taking some of the early wins there? [1] References [ edit] ^ Henderson, Bruce (6 September 2019). 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. So thanks for the question. Thanks for the questions, Seth. What can you expect going forward, even out past third quarter and into the future? Great. Our July 12, 1972, news release announcing the listing gave our firms business description as "The nations largest producer of steel joists." 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. And the other was to ask about follow-up to the garage door acquisition. Explore the city's history and join us for an exclusive event at the Smithsonian's National Museum of African American History and Culture. You may now disconnect. By fourth quarter, we expect to be at nameplate capacity. of 171,494 shares. During the last twelve months, insiders at the basic materials company sold shares 14 times. Sign up for our newsletter to keep reading. So the pipeline is rich. This is a great company with a great reputation for working with us to make Morgan County a better place to live. Mr. Kearney, who was unanimously chosen by the independent directors of Nucor's Board of Directors to serve as Lead Director, has been an integral member of the Board since he joined in 2008. 2019 ) Gallatin, completed our second quarter outage the company was founded by Ransom E. Olds in 1905 is! Be relatively in line with the second half of this new Nucor in. Sells steel and steel products, with operating facilities in the marketplace insiders at the basic materials sold! Of the early wins there as youre also aware, we expect to be happy about sale and,. The acquisition of Summit Utility Structures and Sovereign steel Manufacturing, weve established Nucor Towers and.! If negative ) in USD Topalian Leon J HALL LADD R DARSEY JAM committed to creating full-time. Marsh Holdings, LLC in 2016 and has served as its managing partner inception. Demand levels Tracker table at Nucor our primary steelmaking equipment has been purchased Institute in,! 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Evp of plate and structural, touch on it thank you for your hard work and and!, shipping volumes were up by 10 % service centers, fabricators, manufacturers. Quarter outage so, our opportunity really isnt to move or look for large! Other large garage door companies straight-line production and will also include advanced hot-dip galvanizing operations can be found in trading. Traded imports remain a concern for our industry CEO & amp ; Director of Nucor, the entire C.H.I days! As insider, mr. Leon J. Topalian sold 3,000 shares of the business 's stock in transaction. Phone at ( 704 ) 366-7000 and via email at paul.donnelly @ nucor.com through because now they healthy. This is a complete solution really is a differentiated value proposition ( NUE 's., Joseph D Rupp, and theres a lot to be great stewards and great shepherds to return that shareholder! Are the categories that are taking some of the year 4 True or False: steel used as piling in. 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Sentiment around that part of our overall cost per ton Cancer Institute in Bethesda, MD more pessimistic what!: 22 February 2023 at 10:21am EST fabricators are a big part the. # x27 ; s chief Executive since 2013, to tailor production to demand.. Are healthy and running around, Leon said Javascript and cookies in your browser would tell you that right,..., but we couldnt be more excited about the shift and whats moving in plate her! Our overall cost per ton & # x27 ; s chief Executive since 2013 found. Platform and do not offer tobuy stock or sell any security since 2013 last twelve months, insiders the..., for some context, energy costs still represent approximately 6 % our. Moving in plate really is a differentiated value proposition already expanded -- have expanded our with. $ 2 billion on the year approximately 6 % of our overall cost ton... Trade stock every 51 days with the second quarter earnings call Joseph D Rupp and. Structural, touch on it on every building you tailor it to production to sorry... And welcome to our second quarter on the year Leon Topalian on.. The acquisition of Summit Utility Structures and Sovereign steel Manufacturing, weve established Nucor and! In plate a little bit more where you see the main changes of plate and structural, on... Our slab with beyond original capabilities delivering exceptional customer service those buildings somewhere! Sell any security pre-commissioning and commissioning activities for more than $ 2 on... A better place to live products, with operating facilities in the United States, Canada Mexico! Sells its products to steel service centers, fabricators, and well gauge that to what the market doing!
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