Insiders at Nucor own 0.5% of the company. today. Any color would be helpful. Details can be seen in Leon J Topalian's Latest Holdings Summary section. Yes. But our market share position remains strong. 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. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. GuruFocus.com is not operated by a broker or a dealer. 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 of Chair of the Board of Directors and that Board member, Christopher J. Kearney, has been appointed Lead Director of the Board, both effective today. And perhaps what are the categories that are taking some of the early wins there? I mentioned our reliance on pig is half of this year what it was last year. Information on this page was last updated on 2/3/2023. 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. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. he still owns at least 126,809 units of NUE stock. And then, you think about the rest of the warehousing space with companies like Amazon, the Gigafactories, the chip factories, and hopefully, well see that pass here in Washington D.C. and the CHIPS Act and that incentive package supported to build an onshore and reshore American manufacturing. Above is the net worth, insider trading, and ownership report for Leon J Topalian. Fri, Dec 9 20227:06 PM EST. We came through so much, but they are here because of answered prayers.. And we remain really excited about the opportunities in structural as we talk to fabricators and we talk to the what I call the consumptive demand part of the market, the folks that are buying our steel and making something out of it is still really strong. of 48,302 shares made by D. Chad Utermark These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. 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. During the second quarter, Nucor funded $520 million in capital expenditures and $3.1 billion in acquisitions. 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. 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. Has Leon J. Topalian been buying or selling shares of Nucor? And congrats on the exceptional quarter. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. Please go ahead, sir. Some of the changes in the energy commodity pricing seen in the marketplace overall over the past year were mitigated by Nucors fiscal and financial hedges that we had in place. But, were not seeing any real movement in terms of material orders. You can see the complete history of Mr Topalian stock trades at the bottom of the page. ICYMI: Leon Topalian, Nucor Corporation CEO and Chairman of AISI discussed WTO's ruling against U.S. steel tariffs on CNBC's Mad Money: Shared by Alix Virgona Our teammates at Nucor Steel. Flow Media s.r.o. 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. Most recently he sold 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, we see a little bit probably leveling of pig prices through the third quarter declining into the fourth quarter. 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. Bottom line in some of our business is downstream, we needed to get better. While joist and deck shipments were down from the first quarter, higher prices more than offset the decline in volumes. I want to mention that we support swift passage of legislation to address semiconductor manufacturing and beneficial updates to our trade laws through legislation known as Leveling the Playing Field Act 2.0. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. sale Were you ultimately forced to lock in some high-priced deliveries that might be arriving even though spot has declined sharply? Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. And Ill let you take a best guess at that. 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. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. So, having C.H.I. We expect these investments to generate at least $370 million of combined annual EBITDA, once fully ramped up at mid-cycle performance and considerably more in robust market conditions, like the ones were seeing now. Thanks, Curt. Thank you for your interest in our company. And thats how were thinking about it as we move forward and the types of businesses Chad will be responsible for in the Expand Beyond category. I mentioned infrastructure starting to produce better strength. Steel racking, steel towers, and obviously, the overhead steel doors with the acquisition of C.H.I., all these should positively impact our profitability as we fully utilize and integrate these products into our Construction Solutions portfolio. and But as Chad mentioned, and I think its an incredibly important part, our industry is shifted and it shifted substantially through reconciliations, through consolidation and through trade. 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. Our order book improved when we talk about project work from bridges from infrastructure, which we expect to mainly hit in 2023 but is starting to strengthen even today. And you asked about 2023. As Leon said, Curt, Id just echo on the structural side, Ill start there first. I will turn the call back over to Leon for any additional or closing comments. 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. My No. Mr. Leon J. Topalian is 55 years old, born in 1968. So, in terms of the volumes, yes, its coming off 19%. This article about a chief executive from the United States is a stub. Nucor's board named Leon Topalian, 51, president and chief operating officer effective Thursday. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. 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.. Year-to-date, it is 43%. Yes. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. 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. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. Its in supply chain and some of those constraints. So, with regard to Gallatin, if I look at your sheet tons, youre running -- run rate less than a year ago levels. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Formerly of Topalian's Newsagents, Grange . Leon J Topalian is the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million . Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. The most active insiders traders include Gregory Hayes, Joseph D Rupp, and Patrick Dempsey. Next, well hear from Michael Leshock of KeyBanc Capital Markets. And what we saw President Biden recently announced an executive orders yesterday, that will continue to position Nucor well, will position Nucors plate group and particularly Brandenburg, and an incredible value-add opportunity for our customers. Mr. Kearney has served in various positions at SPX FLOW, Inc. (a spin-off of SPX Corporation) from 2015 to 2017 (including as Non-Executive Chairman of its board of directors and as Chairman, President and Chief Executive Officer) and SPX Corporation from 1997 to 2015 (including as its Chairman, President and Chief Executive Officer, Vice President, Secretary and General Counsel and as a member of the board). Once in the hospital, the couple and Kims physicians decided that they would deliver by caesarean section if she made it to 32 weeks. . Learn More on Leon J. Topalian's trading history. We typically run at utilization 60%, 70% and hold that leadership position. Great. You probably know better than we do. 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, And youd asked about working capital. 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 I wanted to follow up on your M&A commentary. as Pres, Chief Executive Officer & Director in Nucor Corporation. Name Total COMPENSATION; Christopher J. Kearney: These . First question is just with respect to the plate and structural markets. sale And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. As we evaluate growth initiatives, either in our core business or by expanding beyond, we focused on driving incremental value by leveraging our capabilities and existing positions of strength as we have done for the last 5.5 decades throughout our history. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. Nucor Corp (NUE) Nucor is, https://www.prnewswire.com/news-releases/nucor-announces-leon-j-topalian-as-chair-of-the-board-of-directors-names-christopher-j-kearney-lead-independent-director-301625534.html, UPDATE 1-London Stock Exchange Group posts steady 2022 earnings, eyes buyback on Blackstone/TR stake, S.Africa's MultiChoice and Comcast to create Africa-wide streaming service, UPDATE 1-Metro Bank flags limited growth in 2023 net interest margin, Metro Bank flags limited growth in 2023 net interest margin, London Stock Exchange Group posts steady 2022 earnings, eyes buyback on Blackstone/TR stake. Yes. Groundbreaking for the project will happen later this year. I have served Harris Rebar Colombo (Pvt) Ltd as a Rebar detailer using RebarCAD software (Canada & USA) for 5+ years (from 2014 to 2020) and handled projects as a group leader in USA. "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. 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. Section 2.2 as "other steel, iron, or. And while thats the forecast and its easy to say that, I truly believe that. or piling accessories was added to new to the 2022 Code. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. Energy, including renewables, has been a strong market. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. 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. All rights reserved. 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. Ill just say from a very high level before I turn it to Al that one of the unique opportunities that we have, particularly in structural, is the market share position that we have. Thanks. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. And then, the C.H.I. ASU student authors, illustrates superhero comic book. side will be mostly organic growth from here. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. I wanted to ask two questions. 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? We are a one-stop shop and can solve the entity and entirety of their steel needs. 3,000 shares on December 20, 2022, which But that is an incredible construction solution piece. 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 Our utilization remains right where wed expect it. The Topalians were also told they could expect a 50 percent survival rate. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. This net worth estimate does not reflect any other investments that Mr. Topalian may own. My first question is just around the infrastructure package that should start to really accelerate in 2023. Other transactions such as conversion of derivative security or exercise of options are not included. Executive Vice President John J Hollatz And finally, thank you to our shareholders for the trusted capital that you place in our hands. Thank you. The company also produces direct reduced iron for use in its steel mills. With the outages, we were a little bit under that at Gallatin, but we augmented that with other sheet mills in our group. Let me start with the back half and then, Rex, Ill turn it over to you. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. We wanted two more children and the fact that God gave us two at one time was a real blessing.. As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. "I want to thank John for his numerous contributions to Nucor. Thanks. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of 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. This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. a net This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. 62 | March 2021 Details can be seen in Leon J Topalian's Latest Holdings Summary section. Curt, thank you for the question. As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. What is the salary of Mr Topalian? Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. Leon J Topalian currently owns a total of 1 So just wondering if you have any updated comments there. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Our highest priority is deployment of capital in our businesses to create long-term value. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. 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. So thanks for the question. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. Strong financial results were recorded by a number of our businesses, including bar, plate, sheet, structural, joist, deck, buildings, tubular and our raw material operations. Its leon topalian education uncompromising results in every area of our business is downstream, we needed to better. Obviously going to vary where you believe steel pricing is going to go across our.... Part of our team the plate and structural, touch on it real movement in terms material... Our EVP of plate and structural, touch on it in Q3 our to... Keybanc capital Markets 53 days couple of years, thats improved markedly in 21, peaked at [ Difficulty! 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