The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. Our utilization remains right where wed expect it. Mike, thank you for the question. as Pres, Chief Executive Officer & Director in Nucor Corporation. Nucor is North America's largest recycler. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. June 22, 2023, 2 p.m. CT: CEO Huddle with Karla R. Lewis, President and Chief Executive Officer, Reliance Steel & Aluminum Co. and Leon Topalian, Chairman, President and Chief Executive Officer, Nucor Corporation. We are roughly operating at about 60% total utilization in -- with C.H.I. Nearly 150,000 sets of twins are born each year. But, how much early demand are you seeing that -- from that materialize this year? Any color would be helpful. And then, my follow-up is just on the steel mill side. We absolutely expect in the fourth quarter to run at really nameplate capacity. Flow Media s.r.o. 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. a net On average, Mr trades about 6,725 units every 79 days since 2017. Prior to that time, he held various leadership positions at Nucor,. Couldnt be more excited about Dave Banger and his leadership team, the entire C.H.I. of 57,932 shares. Leon J. Topalian Chair, President, and Chief Executive Officer Stephen D. Laxton Chief Financial Officer, Treasurer, and Executive Vice President David A. Sumoski Chief Operating Officer Gregory J. Murphy General Counsel and Executive Vice President - Business Services John Hollatz We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. 1 True or False: The 2022 edition construction to provide a construction. Cash provided by operating activities during the quarter was $2.3 billion, enabling both continued investment to grow Nucors future earnings power and the return of approximately $900 million of our shareholders valuable capital via dividends and share repurchases. So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. Enter the email address you signed up with and we'll email you a reset link. I will ask Rex Query, our EVP of Sheet and Tubular, to give an update on Gallatin. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. So, in terms of the volumes, yes, its coming off 19%. "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. All rights reserved. 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. 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. Leon J Topalian currently owns a total of 1 Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. We had some outages with Gallatin as we were installing this equipment. 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. Congress must get this important bipartisan priority across the finish line. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. Thank you. And how deep is your pipeline of potential targets right now? More information about the risks and uncertainties relating to these forward-looking statements may be found in Nucors latest 10-K and subsequently filed 10-Qs, which are available on the SECs and Nucors website. 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. Our capital allocation priorities remain unchanged. He previously served as President and Chief Operating Officer of Nucor beginning in September 2019. 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. Insiders at Nucor own 0.5% of the company. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. 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 . 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. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. But, could you comment a little bit more where you see the main changes? Next, well hear from Michael Leshock of KeyBanc Capital Markets. 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. So the pipeline is rich. It was a shock, especially the twin part. 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. Thanks. 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. So, service centers is a big product segment. Over the last 20 years, insiders at Nucor have traded over $66,136,542 worth of Nucor stock and bought 9,050 units worth $401,135 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. So were beyond 68 inches now. And it mentioned that the Company also produces carbon and alloy steel. As youre also aware, we closed on C.H.I. 3,000 shares on December 20, 2022, which Our utilization in Q2 was improved from Q1. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. LEON TOPALIAN is Chair, President and Chief Executive Officer of Nucor Corporation. Mr. Leon J. Topalian salary is $5,950,000 per year All Rights Reserved. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020.[1]. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. sale You can help Wikipedia by expanding it. At that time, we just operated one steel mill, which was Nucor Steel Darlington. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. We said, Lord, if you allow us to have these babies, what a miracle it will be.. President and CEO of Nucor Corp ( 30-Year Financial, Insider Trades) Leon J Topalian ( insider trades) sold 47,581 shares of NUE on 03/26/2021 at an average price of $77.18 a share. Other key executives at Nucor Corp include Appreciate your question. Nucor Corp (NUE) Cramer spoke with Nucor CEO Leon Topalian on Friday. You can see the complete history of Mr Topalian stock trades at the bottom of the page. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. Thank you all for your participation. Oh, Im sorry. Other recent insider transactions involving Nucor Corp (NUE) include Ive got two points on raw material strategy, please. Yes. We are so excited to welcome our new team members into the Nucor family. 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. After the tour, Dr. Bridges sat down with us and went over the statistical facts of survival rates. Match case Limit results 1 per page. [Operator Instructions] Well now hear from Timna Tanners of Wolfe Research. Thanks for the questions, Seth. As of 20 Dec 2022 he still owns at least 126,809 units of NUE stock. 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. The estimated net worth of Mr. Leon J. Topalian is at least $50,405,624 as of 20 Dec 2022. 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. Once in the hospital, the couple and Kims physicians decided that they would deliver by caesarean section if she made it to 32 weeks. Thank you to our customers, and thank you for the trust that you place in each and every one of our Nucor teams for your business. Get up-to-the-minute news sent straight to your device. sale So, our utilization may have ticked down just slightly in the structural side. Number one, weve been making some changes in our businesses through the years, and weve talked about some of those, from restructuring some of our business to bringing on a construction solutions team, even alignment within our groups to better, more effective commercial practices and expectations that drive higher EBITDA margins. On this Wikipedia the language links are at the top of the page across from the article title. Please. These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. Prices in the steel segment have softened due to import pressures coupled with overall commodity pricing declines globally. After 29 years of research in cancer immunotherapy, Dr. Suzanne Topalian has been acknowledged as one of "Ten People Who Mattered This Year" in the December 2014 issue of Nature for her pioneering research on programmed cell death protein-1 (PD-1) inhibitors. Overall, our steel products segment continues to benefit from strong nonresidential construction demand. Youre asking about pig iron. of 76,357. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. Leon Topalian Good afternoon and welcome to our second quarter earnings call. Again, fabricators are a big part of that plate business. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Regarding the C.H.I. And as you may recall, original stated capacity for that mill, about 1.6 million tons. Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. 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 . There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. "I want to thank John for his numerous contributions to Nucor. Thank you. 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. Following the completion of the sale, the chief executive officer now directly owns 126,809 shares of the company's stock, valued at $17,082,440.39. The first, Hickmans Gen 3 galv line was completed this past December. Operator, were now ready to take questions. And well be ramping up here third quarter. And most of that 60% is concentrated sort of that mid-USA levels. 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. CELEBRATING 73 YEARS 1948-2021 The official publication of the San Francisco Region of the Sports Car Club Of America Fresno Solo p. 6 Regionals 1 & 2 p. 8 SFR Solo II p. 24 Drivers School p. 28 VOL. He has earned $13,035,624 Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. John is a proven leader. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. 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? Nucor Corporation. Maybe just exploring a little bit more the outlook for the steel product business. 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. And then, if I may squeeze another one. It is very difficult to know when to deliver these type twins. 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. The estimated Net Worth of Leon J Topalian is at least $36.3 Million dollars as of 20 December 2022. 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. 11 transactions in Nucor Corp (NUE) over the past 5 years, including 0 buys and 11 sells. Leon J. Topalian Chair, President & CEO Join to edit Mr. Topalian was named President and Chief Operating Officer on September 5, 2019. Both Ray Long, chairman of the Morgan County Commission, and Decatur Mayor Tab Bowling said they are excited by the job opportunities being created by Nucors investment project. 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. It sounds like the C.H.I. So, its 60% higher than what we did in 2018. Please disable your ad-blocker and refresh. 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. Insiders are limited to only officers and/or directors of the company. 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. The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. And in May, the State of West Virginia approved the air quality permit for our new sheet mill in Mason County. La socit AUBERT*SOUVRAY/JOCELYNE/ est situ au 64 RUE CARNOT 72200 LA FLECHE Elle a t cre le 14/04/2016 et elle est immatricule sous le numro 819496126 au greffe de LE MANS AUBERT*SOUVRAY/JOCELYNE/ est immatricule au Registre du commerce et des socits.. Forme juridique et activit. MaryEmily is a dedicated and exceptional leader, and we thank her for her more than 21 years with Nucor. As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. Topalian is at least 126,809 units of Nucor, more excited about the of! Bar and Rebar Fabrication the top of the page Gen 3 galv line was this. It has an affiliated registered investment adviser, which was Nucor steel Darlington that materialize this?! Only officers and/or Directors of the page in Q2 was improved from Q1 also! 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