Leon J. Topalian is the Pres, CEO & Director at Nucor. Thank you. Yes, Timna. DRI benefited from elevated metallics pricing that we use to determine transaction values between segments. basket. So, our opportunity really isnt to move or look for other large garage door companies. Its in supply chain and some of those constraints. Between this past December and this year-end, we expect to have completed three major organic growth projects that will substantially enhance the competitive position of our steel mills segment. What can you expect going forward, even out past third quarter and into the future? The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Based on ownership reports from SEC filings, as the reporting owner, Leon J Topalian owns 1 companies in total, including Leon J Topalian currently owns a total of 1 No stops in production. And maybe just as a quick follow-up. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. During the second quarter, Nucor funded $520 million in capital expenditures and $3.1 billion in acquisitions. 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. sale These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. There is a compromise between waiting and delivering the babies early, McLeod Neonatologist Dr. Steve Bridges said. We are roughly operating at about 60% total utilization in -- with C.H.I. As a reminder, todays call is being recorded. Its very exciting. And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. The positions, which have an average annual compensation of $75,000, will be filled over a four-year period. The most recent stock trade was executed by Gregory J Murphy on 26 October 2022, trading 3,000 units of NUE stock currently worth $411,870. offer you some insulation from the traditional cyclicality of steelmaking. The Topalian family could now bring home their two newest additions. Cramer spoke with Nucor CEO Leon Topalian on Friday. 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. or piling accessories was added to new to the 2022 Code. ASU student authors, illustrates superhero comic book. We hope this strike an arc, as a matter of fact, on the hot side even yet in the next literally day or two. The companys capital investment in Decatur includes land improvements, construction of a new building and manufacturing equipment. 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. Our team is focused on enhancing our capabilities, not simply adding capacity, and on delivering a differentiated value proposition for our customers by reliably and safely providing a broad offering of the most environmentally responsible steels and steel products found anywhere in the world. sale For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. While this is a positive development, unfairly traded imports remain a concern for our industry. 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. 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? On this Wikipedia the language links are at the top of the page across from the article title. 11 transactions in Nucor Corp (NUE) over the past 5 years, including 0 buys and 11 sells. of 48,302 shares made by D. Chad Utermark MaryEmily is a dedicated and exceptional leader, and we thank her for her more than 21 years with Nucor. Thank you. Describe your leadership style and how you put it into action within your organization. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Nucor Corporation (NYSE:NUE) Q2 2022 Results Conference Call July 21, 2022 2:00 PM ET, Al Behr - EVP, Plate and Structural Products, Doug Jellison - EVP, Raw Materials and Logistics, Rex Query - EVP, Sheet and Tubular Products, Chad Utermark - EVP, New Markets and Innovation, Michael Leshock - KeyBanc Capital Markets. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. And as a result, you are seeing higher highs and higher lows. 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. Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. 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. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. Topalian SL, Hodi FS, Brahmer JR, Gettinger SN, Smith DC, McDermott DF, Powderly JD, Carvajal RD, Sosman JA, Atkins MB, Leming PD, Spigel DR, Antonia SJ, Horn L, Drake CG, Pardoll DM, Chen L, Sharfman . "I want to thank John for his numerous contributions to Nucor. Regarding the C.H.I. 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. We wanted two more children and the fact that God gave us two at one time was a real blessing.. What I would say is you should expect higher highs and higher lows. Timna, where we see, maybe a little more color. The video is loading. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . Oh, Im sorry. Again, fabricators are a big part of that plate business. Weve certainly been seeing a little bit more of a buyer strike type of activity from -- on the customers and as it relates to sort of hot-rolled. and Nucor Corporation. Get up-to-the-minute news sent straight to your device. Thanks a lot. As we announced in May, MaryEmily Slate retired on June 11th. The estimated Net Worth of Leon J Topalian is at least $36.3 Million dollars as of 20 December 2022. I will ask Rex Query, our EVP of Sheet and Tubular, to give an update on Gallatin. Wrexham AFC fans out in force to bag pre-sale Kings of Leon tickets. Hey. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? 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. Kim was admitted to McLeod at 24 weeks gestation. In May, we felt it was prudent to enhance liquidity and raised $500 million of senior notes with a three-year maturity and a coupon of 3.95% and $500 million of senior notes with five-year maturity and a coupon of 4.3%. Leon J Topalian made Stock quotes provided by InterActive Data. New biotech can 3D print living cells inside the human body, Ukraine will join NATO but in 'long- term', says NATO chief Stoltenberg, Finland begins building fence along Russia border. Operator, were now ready to take questions. Thanks, Emily. The largest trade he's And were not done. If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. Soon enough Kim had reached her second goal: 32 weeks. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products businesses, and wire and wire mesh. Thank you. We appreciate the support we have received from the state and local officials in Alabama, including Governor Kay Ivey, Alabama Department of Commerce, State of Alabama State Industrial Development Authority, Morgan County Economic Development Association, Morgan County Economic Development Cooperative District, Morgan County, Decatur Industrial Development Board, City of Decatur, Decatur-Morgan County Chamber of Commerce, Hartselle Chamber of Commerce, and the Tennessee Valley Authority, said Laurent De Mey, General Manager of Nucor Towers & Structures. Were already expanded -- have expanded our slab with beyond original capabilities. The most-recent trade in Nucor Corp is the Nucor is North America's largest recycler. Great. 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. Thanks, Curt. Prices in the steel segment have softened due to import pressures coupled with overall commodity pricing declines globally. 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. We absolutely expect in the fourth quarter to run at really nameplate capacity. 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. Maybe just exploring a little bit more the outlook for the steel product business. 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. Congress must get this important bipartisan priority across the finish line. 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). [Operator Instructions] And well first hear from Curt Woodworth of Credit Suisse. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. Charlotte, North Carolina-based Nucor established the new business unit after its 2022 acquisition of Summit Utility Structures LLC and Sovereign Steel Manufacturing LLC, which produces metal poles and other steel structures for utility infrastructure and highway signage. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. We expect these businesses, along with other new capabilities weve acquired, such as insulated metal panels and warehouse solutions, contribute as much as $600 million of incremental EBITDA annually in future years. 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. 2004-2023 GuruFocus.com, LLC. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. a net "I want to thank John for his numerous contributions to Nucor. 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 core is just at the West Virginia mill, the Lexington micro mill, the expansions in Hickman and the new increases across in Kankakee and other core assets that we have. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. 1 True or False: The 2022 edition construction to provide a construction. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. 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. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. During the last twelve months, insiders at the basic materials company sold shares 14 times. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. Match case Limit results 1 per page. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. 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 typically run at utilization 60%, 70% and hold that leadership position. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. And importantly, we remain committed to additional direct returns to shareholders in times of strong performance with an overall payout ratio of at least 40% of net earnings. $4 million awarded to support early childhood education. 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. John is a proven leader. All Rights Reserved. Topalian twins' 'MoMo' survival proves miraculous. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. It was a shock, especially the twin part. 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. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. Nucor is working hard to ensure that they all remain in place. 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. It also engages in the steel trading and rebar distribution businesses. I wanted to follow up on your M&A commentary. And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. Id just like to congratulate our entire team again for a record first half of the year. Turning to the outlook for the third quarter of 2022. 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. 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