Groundbreaking for the project will happen later this year. 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. Enter your email address below to get our daily insider buying and selling report. Thank you. 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. Nearly 150,000 sets of twins are born each year. He previously served as President and Chief Operating Officer of Nucor beginning in September 2019. Let me start with the back half and then, Rex, Ill turn it over to you. Match case Limit results 1 per page. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. Leon J Topalian around $404,130. GuruFocus.com is not operated by a broker or a dealer. Other transactions such as conversion of derivative security or exercise of options are not included. , Later, we will conduct a question-and-answer session and instructions will be given at that time. There are indicators that we have come off the high in some of these businesses as far as backlogs. Our direct returns to shareholders for the quarter was 37% of earnings. Leon J Topalian is It is difficult to recall everything we went through because now they are healthy and running around, Leon said. And automotive is a good example. Wrexham AFC fans out in force to bag pre-sale Kings of Leon tickets. But how are market participants acting now? We said, Lord, if you allow us to have these babies, what a miracle it will be.. The estimated net worth of Leon J. Topalian is at least $21.65 million as of December 20th, 2022. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. Timna, where we see, maybe a little more color. During that time, we have led the transformation of the domestic steel industry, and we are the envy of the world in terms of Nucors environmental footprint, safety performance and efficiency as well as profitability. I mentioned our reliance on pig is half of this year what it was last year. Nonresidential construction has been one of our most resilient markets across the enterprise, and we would expect that continues in 2023. 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. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. They sold a total of 106,839 shares worth more than $14,127,779.65. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. So again, thank you, Chad. I would just say we would expect continued robust markets. 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. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. Thank you. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. Nucor is North America's largest recycler. So, a big shout-out to the team and a thank you. Cision Distribution 888-776-0942 Yes. So, you would look right at that 3 million ton run rate annualized. Nucor can also be reached via phone at (704) 366-7000 and via email at paul.donnelly@nucor.com. 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. 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 So the pipeline is rich. So just wondering if you could talk to kind of what youre seeing in those markets and maybe long products more broadly and then how you think about plate volumes into 23 with respect to ramping Brandenburg. Over the past 18 months, You noticed somewhat soft utilization rates for those verticals this year, yet pricing is holding up extremely well and basically close to record metal spread today. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. Topalian attributes. We spent about $1 billion so far. 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? As a reminder, todays call is being recorded. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. 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. 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. Ive got two points on raw material strategy, please. Thanks. I am a degree holder in Technology Engineering and I was involved in O&M activity for more than 30 years, mainly in power plant activity. 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. While joist and deck shipments were down from the first quarter, higher prices more than offset the decline in volumes. offer you some insulation from the traditional cyclicality of steelmaking. now in the portfolio continues to differentiate Nucor as a one-stop differentiated supplier that can take care of all the needs. When typing in this field, a list of search results will appear and be automatically updated as you type. We are grateful for the excellent job they do for employers like Nucor and others across the area.. 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. So, service centers is a big product segment. Once these five projects are fully ramped up, we anticipate they will contribute a further $700 million in run rate EBITDA in normal market conditions. Hey Carlos, how are you doing? Turning to policy issues. And next, well hear from Seth Rosenfeld of BNP Paribas. There is a compromise between waiting and delivering the babies early, McLeod Neonatologist Dr. Steve Bridges said. And congrats on the exceptional quarter. Our utilization in Q2 was improved from Q1. And heres why. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. So, that business segment for us continues to operate. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. And then, Steve, if you would, on the CapEx? Please subscribe to keep reading. That will happen during the third quarter. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . If you have an ad-blocker enabled you may be blocked from proceeding. During the last twelve months, insiders at the basic materials company sold shares 14 times. Click Here for Your Free Ultimate Dividend Package. But I want to remind you how strong those highs were. Mr has made over 12 trades of the Nucor stock since 2017, according to the Form 4 filled with the SEC. Is there any sort of renewed or early signs of renewed appetite to reengage here? 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. The expansion will add about 1.4 million. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. I mentioned infrastructure starting to produce better strength. So were beyond 68 inches now. This investment project is a win for Nucor, Decatur and all of Alabama.. . In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. 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. What does that mean for your cost of inventory today? They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. Chart Data in Insider Trading History Table. Nucor Corp. engages in the manufacturing of steel and steel products. Regarding the C.H.I. And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. And the other was to ask about follow-up to the garage door acquisition. 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 . Thank you. But as we start to put the mill through its paces, well go wider and wider. And Steve, do you want to touch on sort of our CapEx for the balance of the year and how were looking? "I want to thank John for his numerous contributions to Nucor. And Id say thats just not chasing the cheap tons. 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. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. So, you can back into roughly $1 billion for the second half of the year. This is Steve. 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 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. Mike, thank you for the question. Were you ultimately forced to lock in some high-priced deliveries that might be arriving even though spot has declined sharply? The largest of these is our West Virginia sheet mill. Operating profits were stronger than we anticipated for all three segments. We had some outages with Gallatin as we were installing this equipment. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. It was a shock, especially the twin part. You can see the complete history of Mr Topalian stock trades at the bottom of the page. Your dedication and efforts are what drive the efficiency of our manufacturing businesses, which enable us to reliably meet the strong demand were seeing across our broad array of products. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. Is this happening to you frequently? 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. ASU student authors, illustrates superhero comic book. 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. , 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. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. 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. Thu, Jan 26 20236:56 PM EST. And were excited about the rest of this year and were excited, frankly, about 2023. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. 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. Great. This article about a chief executive from the United States is a stub. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. He has earned $13,035,624 The further out towards the coast you get, the market share has dropped off a little bit. Please go ahead, sir. Comparing the second quarter of 2022 to the first quarter of 2021, all three segments generated higher earnings with pronounced outperformance in our steel products segment. Get notified the next time Leon J. Topalian buys or sells Nucor stock. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 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. But, could you comment a little bit more where you see the main changes? Speakers include: Reliance's Karla Lewis and Nucor's Leon Topalian on diversity, equity, and inclusion The Honorable Paul Ryan former speaker of the U.S. House of Representatives, For the year, we expect earnings per share will establish a new annual record for Nucor. 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. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. 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 in some of our businesses, our backlogs are still at record levels. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. And its held quite strong. It was around this time that Kim discovered she was pregnant. sale For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. And youd asked about working capital. What can you expect going forward, even out past third quarter and into the future? Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. You dont have to worry about doors or joist or deck or grading or anything else. I know you said that you were looking to shore up maybe more overhead garage stores to kind of get more critical mass like you did with the tubulars -- structural tubing in the past. On this Wikipedia the language links are at the top of the page across from the article title. Nucor has an additional $3.6 billion of approved and in-process organic growth investments that will be completed by 2025. So just a big shout-out to all of our downstream product groups. Just trying to square that with the volumes being lower year-over-year. Flow Media s.r.o. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. The largest trade he's Other recent insider transactions involving Nucor Corp (NUE) include Mr Topalian is 53, he's been the Pres and CEO & Director of Nucor since . Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. 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 . sale Learn More on Leon J. Topalian's trading history. Our team has done a wonderful job there navigating the challenges that that project has faced over a couple of years, and we sit ready for a start-up by the end of the year. Yes. My No. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. How do you see margins? Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC. (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. And you asked about 2023. Look, I think so. revision of the 2016 edition. Broker or a dealer direct returns to shareholders for the remainder of year... Charlotte, NC by Ransom E. Olds in 1905 and is headquartered in Charlotte,.... 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