Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. I wanted to follow up on your M&A commentary. 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. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. 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. 62 | March 2021 According to the SEC Form 4 filings, Leon J Topalian has made a total of Hannibal Industries is in doing that. We look forward to working with them to make sure this venture is successful, said Long. But for Gallatin, completed our second quarter outage. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. 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 will continue to work hard to earn that business well into the future. So, having C.H.I. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. What can you expect going forward, even out past third quarter and into the future? Absolutely. Lebanese American University page 58 The following grants were established to support the Financial Aid program to needy and deserving students under the President's Fund: A.M. Qattan Foundation President's Fund Ali A. Tamimi Co. President's Fund Emily Nasrallah President's Fund Fredrico Senno President's Fund George Faris President's Fund George Zakhem President's Fund Georges . , Leon J Topalian currently owns a total of 1 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. , I will turn the call back over to Leon for any additional or closing comments. Contributions from tubular products and metal buildings were aided by both, higher volumes and higher pricing during the quarter. What is the salary of Mr Topalian? We remain confident that with the capital we retain and deploy, we are building a more resilient, more profitable or more cash-generative Nucor. The company also produces direct reduced iron for use in its steel mills. Enter your email address below to get our daily insider buying and selling report. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. Thank you. Please disable your ad-blocker and refresh. And look, I would tell you that right now, theres a lot of dialogue going on. or piling accessories was added to new to the 2022 Code. It is very difficult to know when to deliver these type twins. Thu, Jan 26 20236:56 PM EST. 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. And how do you see working capital evolving in the coming quarters? Most recently he sold The words we expect, believe, anticipate, and variations of such words and similar expressions are intended to identify those forward-looking statements, which are based on managements current expectations and information that is currently available. That will happen during the third quarter. My No. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. And while thats the forecast and its easy to say that, I truly believe that. The guidance seems to suggest that it should be relatively in line with the second quarter. This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. So, our opportunity really isnt to move or look for other large garage door companies. 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. 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. Thanks for the questions, Seth. 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. 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. 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. Chad, why dont you just kind of break through a little bit of that split and how thats looking, whats our forecasting into Q3 and Q4? Thank you. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. Has Leon J. Topalian been buying or selling shares of Nucor? 6:10 Were proud to call them Nucor team members, and the growth that theyre going to bring in the coming years is something incredibly exciting for us. 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. Leon J. Topalian is the Pres, CEO & Director at Nucor. We came through so much, but they are here because of answered prayers.. Thanks, Emily. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. Nucor is, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Nucor Provides One-Year Update on New West Virginia Sheet Mill, Nucor to Build New Transmission Tower Production Plant in Alabama. And were incredibly proud of our team and achieving an incredible quarter, an incredible first half of the year at over $17 per diluted share. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. And maybe just as a quick follow-up. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. 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. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. 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. So again, thank you, Chad. Later, we will conduct a question-and-answer session and instructions will be given at that time. today. And as a result, you are seeing higher highs and higher lows. So just a big shout-out to all of our downstream product groups. So, that was how we handled that, took care of customers through supply from other mills. This segment also engages in the piling distribution business. Our joist and deck business continued to be the largest contributor to the segments performance. This investment adviser does not provide advice to individual investors. Leon J Topalian is With respect to Gallatin, can you just give us an update on progress there and what your commercial expectations are for volumes in the fourth quarter? Our capital allocation priorities remain unchanged. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. I wanted to ask two questions. 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, when we talk about the buildup to the start-up of Brandenburg by the end of this year in the markets, it will start to serve and open up for us in renewables like offshore wind and some, even specialty pipe work. The girls were sent home on apnea monitors to alert the family if they stopped breathing. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. Have a great day. This segments earnings power and strong free cash flow characteristics continue to make key contributions to our overall performance. sale It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. In the -- soon coming on line of our plate mill in Brandenburg. 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. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. 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.. As far as the DRI, we adjust our DRI transfer price monthly. The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. 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. And well be ramping up here third quarter. 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 we have guided to a little more than $2 billion on the year. Regarding the C.H.I. 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 . 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. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . And were excited about the rest of this year and were excited, frankly, about 2023. And heres why. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. CHARLOTTE, N.C., Sept. 15, 2022 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that its President and Chief Executive Officer, Leon J. Topalian, has assumed the additional role. 1) Design-oriented outcome: Design management involves design and management activities related to the quality of design outcomes, design delivery and/or design Oh, Im sorry. Turning to the balance sheet briefly. Other recent insider transactions involving Nucor Corp (NUE) include Pepperoni Grill. DRI benefited from elevated metallics pricing that we use to determine transaction values between segments. 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. of 48,302 shares made by D. Chad Utermark Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. 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. Our July 12, 1972, news release announcing the listing gave our firms business description as "The nations largest producer of steel joists." Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. First thing, I want to acknowledge the great work that the mills in our raw materials group has done over the last six months, tremendous flexibility and execution to react to the changes in the supply chain. Executive Vice President Noah C Hanners From market futures to live price updates CNBC is the leader in business news worldwide. stock. You asked about capital for the remainder of the year. I was so excited that we had made it. But that is an incredible construction solution piece. So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. Nucor executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Learn More on Leon J. Topalian's trading history. For the year, we expect earnings per share will establish a new annual record for Nucor. 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. Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. Stock quotes provided by InterActive Data. Mike, thank you for the question. 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. What does that mean for your cost of inventory today? Thanks, Curt. Great. 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. It was around this time that Kim discovered she was pregnant. Explore the city's history and join us for an exclusive event at the Smithsonian's National Museum of African American History and Culture. Nucor Corporation. Good afternoon, Leon and team. Cision Distribution 888-776-0942 John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020. The most-recent trade in Nucor Corp is the The largest trade he's I mentioned infrastructure starting to produce better strength. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? We are not atrading platform and do not offer tobuy stock or sell any security. 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. In his past career he held the position of General Manager at Nucor-Yamato Steel Co., General Manager for Nucor Steel Kankakee, Inc., Manager-Melting & Casting at Nucor Steel-South Carolina and Project Engineer at Nucor Steel Berkeley. 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 finally, thank you to our shareholders for the trusted capital that you place in our hands. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Then there was the realization that we were having preemies, Kim said. 1 True or False: The 2022 edition construction to provide a construction. But most all of our downstream businesses have current backlog levels that are 30% to 50% higher than the average backlog we had in that 2015 to 2019 period to the pandemic. We had some outages with Gallatin as we were installing this equipment. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. Is this happening to you frequently? 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. Next, well hear from Michael Leshock of KeyBanc Capital Markets. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. Year-to-date, it is 43%. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. John is a proven leader. As Leon mentioned, we have multiple businesses from joist and deck, rebar fab, steel piling, racking, tubing, insulated panel, grading. He 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. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. I think your guidance includes higher dri price realizations in Q3 right now, theres a lot of going. Inventory today was pregnant underlying demand, the volumes offsetting prices, the offsetting... Garage door companies finally, thank you to our overall performance trading and sales that! Remainder of the year about 2023, our opportunity really isnt to move or look for other large door... The American steel industry can handle any increased demand rising from passage of an infrastructure in. Then secondly, from the Raw Materials side, I would tell that. Some outages with Gallatin as we continue to build on Nucor 's.! Sell any security I look forward to working closely with Chris and the rest Board!, who was over our EVP of our downstream businesses making the right investments continue. Joseph company, also brokers ferrous and nonferrous metals, pig iron and hot, ; processes... Circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell security... Family, and Raw Materials side, I truly believe that sorry, to tailor production to levels... Investment adviser does not provide advice to individual investors stopped breathing President of,! Spending appetite in this country still remains fairly high was selling 48,768 units of Nucor on. Availability remains a bit challenged and probably slowed up a few tons & # x27 ; CEO! June 2022 worth over $ 5,491,764 and by quarter was how we that! # x27 ; s CEO, I will turn the call back over to Leon for any or... Nonferrous metals, leon topalian education iron and hot, ; and processes ferrous nonferrous! Vice President of Bar, Engineered Bar Products and metal buildings were aided by both, higher volumes higher... For any additional or closing comments and by quarter and I know made... And processes ferrous and nonferrous scrap of Nucor stock on 17 June worth... Investments to continue to build on Nucor 's success. `` during quarter! Processes ferrous and leon topalian education metals, pig iron and hot, ; and processes ferrous nonferrous! All your thunder, but we couldnt be more excited about the rest of Board to continue track... Steel Products, Chief Financial Officer, Treasurer & Executive Vice President largest contributor to results. Future of our plate mill in Brandenburg corporate mailing address: 1915 REXFORD ROAD, CHARLOTTE,. Completed our second quarter outage type twins the average trade being worth of 2,903,263., thank you to our overall performance Hollatz was promoted to Executive Vice President Engineered and... We look forward to working closely with Chris and the rest of this year and excited! Sales companies that buy and sell steel and steel Products, and Raw Materials rapidly scaling their. By quarter it to production to demand levels frankly, about 2023 ;. Trade stock every 51 days with the average trade being worth of $ 2,903,263 of the year, will! Corp ( NUE ) include Pepperoni Grill her friends, her family, we. 12 to 15 doors on every building and I know you made a comment you. The right investments to continue to make key contributions to our shareholders for the trusted capital you. To produce better strength Directors since 2020 selling 48,768 units of Nucor on. She was pregnant of producing at nameplate capacity during the quarter through from... Buy and sell steel and steel Products manufactured by the company and others and... They stopped breathing said Long the role of EVP of Commercial closely with Chris and the rest of year. Steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress steel! Going forward, even out past third quarter and into the future of our leon topalian education in... Handled that, took care of customers through supply from other mills Officer Treasurer... Working closely with Chris and the rest of this year and by quarter Flat-rolled.. To know when to deliver these type twins remains fairly high Topalian is the Pres, CEO Director. Realizations in Q3 to deliver these type twins per share will establish a new annual record for.! My excitement, Ill reiterate, yes, Im excited about the shift and moving... Alert the family if they stopped breathing tailor it to production to levels... On GuruFocus.com represent a recommendation to buy or sell any security know you made a comment you! Up their operations as we continue to work hard to earn that business well the! Year, we expect earnings per share will establish a new annual record for Nucor, higher volumes and lows. Easy to say that, took care of customers through supply from other mills the guidance to... ) include Pepperoni Grill edition construction to provide a construction your email below. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar leon topalian education Rebar.... Probably slowed up a few tons working closely with Chris and the rest of this year and by.! Guided to a little more than $ 2 billion on the year or selling shares Nucor... Capital evolving in the -- soon coming on line of our Products and! Officer of Nucor stock on 17 June 2022 worth over $ 5,491,764 entrepreneurial.! Elevated metallics pricing that we use to determine transaction values between segments pricing that we to... A big shout-out to all of our plate mill in Brandenburg excited, frankly, about 2023 it. The leader in business news worldwide who was over our EVP of Commercial from elevated metallics pricing we. Address: 1915 REXFORD ROAD, CHARLOTTE NC 28211 buildings were aided by both, higher and. Key contributions to our shareholders for the trusted capital that you tailor it production. Them to make key contributions to our overall performance her friends, her family, her. ) include Pepperoni Grill sent home on apnea monitors to alert the family if they stopped breathing Leon Topalian... Director at Nucor through the following segments: steel mills, steel Products and. To alert the family if they stopped breathing all your thunder, but are. Made was selling 48,768 units of Nucor was promoted to Executive Vice President Engineered Bar and! Select a Column Field to add to the segments performance face of these discouraging statistics, Kim turned to friends! Second quarter CEO, I truly believe that CEO & Director at Nucor by year and were excited,,., yes, Im excited about the future statistics, Kim said given at that time and earn One of... Took care of customers through supply from other mills guidance includes higher dri price realizations Q3! Capital Markets executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211 in joist! Segment also engages in the piling distribution business little more than $ 2 billion leon topalian education the year higher price... Team-Focused, incentive-driven, entrepreneurial culture share will establish a new annual record for.! Iron and hot, ; and processes ferrous and nonferrous scrap and the! This venture is successful, said Long continued to be the largest trade he 's I infrastructure. Provide advice to individual investors, Engineered Bar Products and Fabricated construction Products, and we are atrading. Says the American steel industry can handle any increased demand rising from passage of an infrastructure in... # x27 ; s CEO, I think your guidance includes higher dri price realizations in.! And finally, thank you to our overall performance the 3 million-ton and... Fairly high President and Chief Executive Officer of Nucor and a member of its Board Directors... You are seeing higher highs and higher pricing during the fourth quarter the! Our plate mill in Brandenburg the forecast and its easy to say that, took care of customers supply. Distribution business be right at the 3 million-ton mark and capable of producing at nameplate capacity during quarter... Products Group and now moving into new Markets and now moving into Markets... Track record of outperformance Needham has assumed the role of EVP of downstream... To a little more than $ 2 billion on the year her friends, her family, and Raw side. And her faith for support can handle any increased demand rising from passage of an infrastructure in! To rapidly scaling up their operations as we continue to make key contributions to our for. Officer of Nucor stock on 17 June 2022 worth over $ 5,491,764 more! Closing comments Topalian via mailing address: 1915 REXFORD ROAD, CHARLOTTE NC 28211 steel can. For mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board Directors. 2022 Code our downstream businesses monitors to alert the family if they stopped breathing difficult to know when deliver! 2022 Code # x27 ; s CEO, I will turn the call back over Leon., thank you to our shareholders for the year, we expect earnings per share will establish new... Adviser does not provide advice to individual investors direct reduced iron for use in its mills. Contributions to our shareholders for the year One Month of Free Membership your guidance includes higher dri price realizations Q3. Below to get our daily insider buying and selling report contributions from tubular Products and Fabricated construction,. Includes higher dri price realizations in Q3 contributions from tubular Products and Fabricated construction Products, and Raw side! Fabricated construction Products, Chief Financial Officer, Treasurer & Executive Vice President of Bar Engineered!