So, we still see that nonres construction space that is the driver for these businesses, as Al mentioned earlier, to be very strong. This is Steve. 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. 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. 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. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. 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. 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 heres why. The total. Good afternoon, Leon and team. I think it will get richer as we move forward. Get up-to-the-minute news sent straight to your device. So, a big shout-out to the team and a thank you. With the outages, we were a little bit under that at Gallatin, but we augmented that with other sheet mills in our group. Leon Topalian Good afternoon and welcome to our second quarter earnings call. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. The girls were sent home on apnea monitors to alert the family if they stopped breathing. But why dont you just touch on that a little bit and share where were at with Brandenburg as well. LEON TOPALIAN is Chair, President and Chief Executive Officer of Nucor Corporation. For the year, we expect earnings per share will establish a new annual record for Nucor. January 25 2023 - 09:00AM PR Newswire (US) CHARLOTTE, N.C., Jan. 25, 2023 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its. 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. In addition to that, were bringing on these new businesses in Expand Beyond. John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020. Nucor is North America's largest recycler. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". Executive Vice President Noah C Hanners Click Here for Your Free Ultimate Dividend Package. He served as Executive Vice President of Beam and Plate Products from 2017 to 2019. 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. 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. This is a game-changing mill in the U.S. plate market that will firmly establish us as the market leader in plate. 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. And as a result, you are seeing higher highs and higher lows. Contributions from tubular products and metal buildings were aided by both, higher volumes and higher pricing during the quarter. And in May, the State of West Virginia approved the air quality permit for our new sheet mill in Mason County. This investment project is a win for Nucor, Decatur and all of Alabama.. But, how much early demand are you seeing that -- from that materialize this year? Thank you for your interest in Nucor. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. sale Thanks, Emily. Leon J Topalian, Nucor Corp: Profile and Biography - Bloomberg Markets Bloomberg the Company & Its Products Bloomberg Connecting decision makers to a dynamic network of information,. Most recently he sold 3,000 units of NUE stock worth $404,130 on 20 December 2022. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. "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. For the third quarter, we expect lower earnings from our steel mills segment relative to Q2, and we expect continued strength in steel products and raw materials with performance roughly in line with the second quarter. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. All Rights Reserved. Learn More about Leon J. Topalian's net worth. And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. . So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. The most-recent trade in Nucor Corp is the So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. Also during the second quarter, we completed our purchase of C.H.I. 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. So, our utilization may have ticked down just slightly in the structural side. 6:10 Our ramp-up also in what we produce will be determined also by whats going on in the marketplace. We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. 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. Thank you all for your participation. Year-to-date, it is 43%. And well be ramping up here third quarter. 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. They sold a total of 106,839 shares worth more than $14,127,779.65. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. Topalian twins' 'MoMo' survival proves miraculous. Hey. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. Soon enough Kim had reached her second goal: 32 weeks. It also engages in the steel trading and rebar distribution businesses. Formerly of Topalian's Newsagents, Grange . Oh, Im sorry. The most recent stock trade was executed by Kenneth Rex Query on 3 February 2023, trading 1,962 units of NUE stock currently worth $349,216. (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. Nucor's insider roster includes Allen Behr (EVP), Craig Feldman (EVP), James Frias (CFO), Douglas Jellison (EVP), Michael Keller (Insider), Raymond Napolitan, Jr. (EVP), Daniel Needham (EVP), Kenneth Query (EVP), MaryEmily Slate (EVP), David Sumoski (COO), Leon Topalian (CEO), and D. Utermark (EVP). Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Regarding the C.H.I. Marjorie Matthews died aged 90 on February 8 after a battle with cancer. 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. Nucor Corp (NUE) We really think that will start in earnest in early 23 and really begin to progress throughout the year 2023. Timna, where we see, maybe a little more color. And then, the C.H.I. of 76,357. 69-year-old suffered stroke in his N.C. home; Realtor showing house left him there. As we announced in May, MaryEmily Slate retired on June 11th. 1 dividend stock for a LIFETIME of income. Yet only 1 percent of them are monoamniotic twins, like Isabella and Sophia. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. Then there was the realization that we were having preemies, Kim said. As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. Several of our recently completed organic growth projects in our core steelmaking businesses are already contributing to our record first half profitability, and there is more to come as additional projects ramp up production or come on line. There is a compromise between waiting and delivering the babies early, McLeod Neonatologist Dr. Steve Bridges said. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Yes. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. Absolutely. First, with regards to pig iron from the mills perspective, obviously, when we spoke to you a few months ago, you emphasized the strategy to derisk pig iron supply for the full year. Please go ahead. During the five years ending in 2021, we returned approximately 56% of Nucors net earnings to shareholders. ICYMI: Leon Topalian, Nucor Corporation CEO and Chairman of AISI discussed WTO's ruling against U.S. steel tariffs on CNBC's Mad Money: Mihai Pirlog Jerry Inzerillo, GCEO at #DGDA, came forward to congratulate and honor the sales center team that completed their training program in the history And we are making the right investments to continue our track record of.! 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