One of the finest books about Catholic social teaching The real social teachings of the Church developed over centuries by a long line of popes saints and approved . Get up-to-the-minute news sent straight to your device. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. We said, Lord, if you allow us to have these babies, what a miracle it will be.. 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 . The most-recent trade in Nucor Corp is the We expect these businesses, along with other new capabilities weve acquired, such as insulated metal panels and warehouse solutions, contribute as much as $600 million of incremental EBITDA annually in future years. 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. Well, now with C.H.I., it is an incredible marriage as they continue to grow their commercial end to tie in with that dealer network with those businesses. Yes. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. 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. They remain strong with strong backlogs. There are 17 older and 3 younger executives at Nucor. Leon Topalian Good afternoon and welcome to our second quarter earnings call. Also, last week, the U.S. International Trade Commission unanimously extended antidumping and countervailing duty orders for an additional five years on imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan. And the other was to ask about follow-up to the garage door acquisition. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. But its certainly not without looking as well as some of the headwinds that are coming from an economy standpoint in the marketplace of interest rates and inflation. 1) Design-oriented outcome: Design management involves design and management activities related to the quality of design outcomes, design delivery and/or design 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. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. We went through the whole process two long years and got so close to adopting two beautiful children but it unfortunately fell through, Kim said. "I want to thank John for his numerous contributions to Nucor. Operating profits were stronger than we anticipated for all three segments. Yes. 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. John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020. And then, you think about the rest of the warehousing space with companies like Amazon, the Gigafactories, the chip factories, and hopefully, well see that pass here in Washington D.C. and the CHIPS Act and that incentive package supported to build an onshore and reshore American manufacturing. 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 There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. With regard to plate, I would say weve made several changes on how we market that product, how we take it to market, how we price it and how we lowered our order books. So, service centers is a big product segment. For the year, we expect earnings per share will establish a new annual record for Nucor. We are a one-stop shop and can solve the entity and entirety of their steel needs. Pepperoni Grill. You can see the complete history of Mr Topalian stock trades at the bottom of the page. Nucor Corporation executives and other stock owners filed with the SEC: Strike the best investing opportunities on the market! Rex, do you want to touch on the Gallatin question? Executive Vice President Noah C Hanners Learn More on Leon J. Topalian's trading history. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. Has Leon J. Topalian been buying or selling shares of Nucor? 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. As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. Nucor is North America's largest recycler. Leon J. Topalian is the Pres, CEO & Director at Nucor. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. from 8 AM - 9 PM ET. This article about a chief executive from the United States is a stub. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. Maybe just exploring a little bit more the outlook for the steel product business. The first, Hickmans Gen 3 galv line was completed this past December. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. Subscribe to our Daily Headlines newsletter. And congrats on the exceptional quarter. 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. of 76,357. How do you see margins? The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. a net Soon enough Kim had reached her second goal: 32 weeks. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. Mr Topalian owns over 3,000 units of Nucor stock worth over $20,706,642 and over the last 6 years he sold NUE stock worth over $9,685,670. Please go ahead, sir. Appreciate your question. Yes. So just wondering if you have any updated comments there. You dont have to worry about doors or joist or deck or grading or anything else. Is this happening to you frequently? While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. Ill ask Doug Jellison, our EVP of Raw Materials and Logistics, really to provide some background in how that flow-through impact of the DRI pricing into the mills works and explain that in a little more detail. So, you should expect good results from businesses like our insulated metal panel business as we grow that and as we drive efficiencies through that. But, could you comment a little bit more where you see the main changes? Enjoy a 7-Day Free Trial Thru Mar 09, 2023! Our energy cost per ton of steel produced was up approximately 50% year-over-year. Chart Data in Insider Trading History Table. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. Reverso Context-: What is the composition of these basically stable operating results? By fourth quarter, we expect to be at nameplate capacity. I wanted to follow up on your M&A commentary. Thank you. Absolutely. But yes, we are seeing, again, stable demand and growing in some cases. Thanks for the questions, Seth. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . And then, my follow-up is just on the steel mill side. 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. My first question is just around the infrastructure package that should start to really accelerate in 2023. Thanks, Leon. 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 mentioned our reliance on pig is half of this year what it was last year. 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. 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. 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. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? 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. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. Prior to that time, he held various leadership positions at Nucor,. We look forward to working with them to make sure this venture is successful, said Long. That segment produced $1.1 billion in operating profits for the quarter. Leon J Topalian owns 128,107 shares of Nucor Corp (NUE) as of December 20, 2022, with a value of $22 Million. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. 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. Our order book improved when we talk about project work from bridges from infrastructure, which we expect to mainly hit in 2023 but is starting to strengthen even today. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. 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. Weve awarded our significant portions of civil and concrete work. There are indicators that we have come off the high in some of these businesses as far as backlogs. Also joining me today on the call are members of the Nucors executive team, including Dave Sumoski, our Chief Operating Officer; Steve Laxton, our Chief Financial Officer; Al Behr, responsible for Plate and Structural Products; Doug Jellison, responsible for Raw Materials and Logistics, Greg Murphy, responsible for Business Services and our General Counsel; and Rex Query, responsible for Sheet and Tubular Products. 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. And automotive is a good example. sale In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. Timna, where we see, maybe a little more color. "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. 6:10 We welcome John to the executive team. Next, well hear from Michael Leshock of KeyBanc Capital Markets. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. now in the portfolio continues to differentiate Nucor as a one-stop differentiated supplier that can take care of all the needs. Learn More on Leon J. Topalian's contact information. And again, if we look at our most recent order books, sheets strong. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. Please. This became Kims goal. I think it will get richer as we move forward. John is a proven leader. Investors are already flocking there for a chance at 1,000%+ returns. 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. And as you may recall, original stated capacity for that mill, about 1.6 million tons. So very excited, very proud of that team. And importantly, we remain committed to additional direct returns to shareholders in times of strong performance with an overall payout ratio of at least 40% of net earnings. Yet only 1 percent of them are monoamniotic twins, like Isabella and Sophia. This net worth estimate does not reflect any other investments that Mr. Topalian may own. 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. Leon J. 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