The Topalians were also told they could expect a 50 percent survival rate. 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. Thank you. Nucor CEO Leon Topalian on Q3 earnings and the company's outlook 2,450 views Oct 21, 2021 Leon Topalian, Nucor president and CEO, joins 'Squawk on the Street' to discuss Nucor's Q3 earnings. 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. a net So, having C.H.I. Congress must get this important bipartisan priority across the finish line. 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. Its very exciting. North Kingstown, Rhode Island, United States Food Server Carrabba's Italian Grill Apr 2018 - Jan 20212 years 10 months Warwick, Rhode Island, United States Education Endicott College Bachelor's. 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. The other side of it and the other filter that we look for is how do we continue to provide sweeping solutions in construction, in energy, in automotive, so that when our commercial teams go and meet with the architects, engineers, owners, VCs, they can say weve got the entire solution for you. 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. 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. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. How do you see margins? My first question is just around the infrastructure package that should start to really accelerate in 2023. Insiders at Nucor own 0.5% of the company. Learn More about insider trades at Nucor. As we announced in May, MaryEmily Slate retired on June 11th. Great. Marjorie Matthews died aged 90 on February 8 after a battle with cancer. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. You asked about capital for the remainder of the year. The girls were sent home on apnea monitors to alert the family if they stopped breathing. You may now disconnect. Weve made progress, and Im proud of where the team is at and where were headed. 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. 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. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. But I want to remind you how strong those highs were. Subscribe to our Daily Headlines newsletter. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. But well gauge that to what the market is doing off of that. 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. So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. Most of the increase was in sheet and plate as we were able to take advantage of what we consider to be strong demand, leading to attractive pricing in those markets. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. John H. Walker, a member of the Board since 2008 and most recently its Non-Executive Chairman, will continue to serve as a Board member. of 13,387 shares made by Allen C Behr A big-screen adaptation of the 1988 novel by Thomas Harris, the film quickly grew from an unexpected blockbuster to an awards season juggernaut, nabbing Oscars for Best Picture, Best Director, Best. Have a great day. And in some of our businesses, our backlogs are still at record levels. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. Investors are already flocking there for a chance at 1,000%+ returns. Hey. And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? 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. These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. And it mentioned that the Company also produces carbon and alloy steel. Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. We are a one-stop shop and can solve the entity and entirety of their steel needs. But our market share position remains strong. And then, if I may squeeze another one. Groundbreaking for the project will happen later this year. Leon J Topalian around $404,130. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. On this Wikipedia the language links are at the top of the page across from the article title. Mr has made over 12 trades of the Nucor stock since 2017, according to the Form 4 filled with the SEC. 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. They remain a bit cautious with their buys. Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. Yes. 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. This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. And Ill let you take a best guess at that. Nonresidential construction has been one of our most resilient markets across the enterprise, and we would expect that continues in 2023. 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.. We welcome John to the executive team. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. So, you would look right at that 3 million ton run rate annualized. We are very excited to be building this new tower production plant in Alabama, where Nucor has a long history and presence throughout the state, said Leon Topalian, Chair, President and CEO of Nucor Corp. As Americas most diverse industrial manufacturer of steel products, we will be able to efficiently supply this new plant, helping to ensure that our nations critical energy and digital infrastructure is built with the cleanest, most sustainable steel in the world.. sale Pepperoni Grill. We are grateful for the excellent job they do for employers like Nucor and others across the area.. Let me start off with our steel products businesses. Yes. 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. 3,000 shares on December 20, 2022, which 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 + Al Behr Executive Vice President Plate and Structural Products + Noah Hanners Executive Vice President Raw Materials + John Hollatz Executive Vice President All Rights Reserved. And how deep is your pipeline of potential targets right now? 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. ( View post) Feb 23. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. Leon Topalian best website builder Nucor has introduced Elcyon, the company's new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America's . Leon J Topalian owns 128,107 shares of Nucor Corp (NUE) as of December 20, 2022, with a value of $22 Million. And finally, thank you to our shareholders for the trusted capital that you place in our hands. 6:10 We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. Next, well hear from Michael Leshock of KeyBanc Capital Markets. Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. Formerly of Topalian's Newsagents, Grange . While we are all aware of these factors, Nucors sustainable and flexible business model gives me great confidence in our ability to continue to grow and create value for our shareholders. There are 17 older and 3 younger executives at Nucor. While joist and deck shipments were down from the first quarter, higher prices more than offset the decline in volumes. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. As of the end of June, Nucor had debt to capital of 29% and ample liquidity with $2.5 billion of cash, short-term holdings and restricted cash holdings and an undrawn $1.75 billion in revolving credit facility. Next, well hear from Carlos De Alba of Morgan Stanley. Mr. Topalian owns 126,809 shares of Nucor stock worth more than $21,651,369 as of March 1st. As a reminder, todays call is being recorded. So just a big shout-out to all of our downstream product groups. Timna, where we see, maybe a little more color. We remain confident that with the capital we retain and deploy, we are building a more resilient, more profitable or more cash-generative Nucor. 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. I wanted to follow up on your M&A commentary. 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. Is your pipeline of potential targets right now role from John Brett CEO! Record second quarter earnings per share by more than offset the decline in volumes chaired since. Our downstream product groups will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and projects... Follow up on your M & a commentary and Chief Executive Officer of Nucor stock since,! 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