And in fact, their performance in the quarter was stronger financially than the entire year of 2021. And again, if we look at our most recent order books, sheets strong. Leon J Topalian owns 128,107 shares of Nucor Corp (NUE) as of December 20, 2022, with a value of $22 Million. It was a shock, especially the twin part. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. Appreciate your question. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. First question is just with respect to the plate and structural markets. Hannibal Industries is in doing that. Youre asking about pig iron. You probably know better than we do. Please. stock. ( View post) Feb 23. 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. If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. And you asked about 2023. 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. 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. It is difficult to recall everything we went through because now they are healthy and running around, Leon said. During the past 18 months, 171,494 shares of Nucor Corp (NUE) were sold and 0 shares were bought by its insiders, resulting in a net And were not done. John is a proven leader. As far as the DRI, we adjust our DRI transfer price monthly. "I want to thank John for his numerous contributions to Nucor. Curt, thank you for the question. Learn More on Nucor's active insiders. Most recently he sold 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. Has Leon J. Topalian been buying or selling shares of Nucor? So, our opportunity really isnt to move or look for other large garage door companies. sale 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? Our capital allocation priorities remain unchanged. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. With it, we are targeting higher-growth sectors of the economy and leveraging Nucors core competency in efficient, variable cost-based manufacturing as well as our broad product portfolio and existing channels to market. 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. All equipment is being commissioned at this point. This Expand Beyond piece over the last 2.5 years driven really by Steve Laxton before he became CFO and Alex Hoffman is really about finding those companies that provide a differentiated value proposition and moving us sort of that one standard deviation outside of the normal and traditional steelmaking lane that have direct steel adjacency, but like C.H.I. 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. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. . 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. Our energy cost per ton of steel produced was up approximately 50% year-over-year. Leon Topalian Good afternoon and welcome to our second quarter earnings call. So were beyond 68 inches now. 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. Nucor said several factors are driving increased demand for utility infrastructure, including grid hardening, renewable energy projects, building a nationwide network of EV chargers, natural disasters and replacements and population growth. We are also thankful for the approximately $125 million investment and the 200 jobs created with a compensation of around $75,000, added Bowling. Get notified the next time Leon J. Topalian buys or sells Nucor 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. No stops in production. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). We spent about $1 billion so far. You can cancel at any time. The largest of these is our West Virginia sheet mill. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. (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. Lets continue our progress towards delivering the safest, cleanest and most profitable year in Nucors history. Marjorie Matthews died aged 90 on February 8 after a battle with cancer. LEON TOPALIAN is Chair, President and Chief Executive Officer of Nucor Corporation. Nucor is, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Nucor Provides One-Year Update on New West Virginia Sheet Mill, Nucor to Build New Transmission Tower Production Plant in Alabama. Please go ahead. Our highest priority is deployment of capital in our businesses to create long-term value. Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. And how deep is your pipeline of potential targets right now? We look forward to working with them to make sure this venture is successful, said Long. We hope this strike an arc, as a matter of fact, on the hot side even yet in the next literally day or two. Seth, thanks for the question. 1 dividend stock for a LIFETIME of income. Other transactions such as conversion of derivative security or exercise of options are not included. 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 . The estimated net worth of Mr. Leon J. Topalian is at least $50,405,624 as of 20 Dec 2022. Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. And so, Ill give you that same outlook from what we said today. And well be ramping up here third quarter. Yes. of 76,357. 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 And in May, the State of West Virginia approved the air quality permit for our new sheet mill in Mason County. And again, well have the capability. 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. Also joining me today on the call are members of the Nucors executive team, including Dave Sumoski, our Chief Operating Officer; Steve Laxton, our Chief Financial Officer; Al Behr, responsible for Plate and Structural Products; Doug Jellison, responsible for Raw Materials and Logistics, Greg Murphy, responsible for Business Services and our General Counsel; and Rex Query, responsible for Sheet and Tubular Products. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". Yes. 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. 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. Executive Vice President Noah C Hanners That -- the new equipment, were capable of 73.5 inches. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. As a reminder, todays call is being recorded. It is a true vote of confidence in our community when an existing business decides to further expand its operations here. We are the leading structural manufacturer in the United States. Is this happening to you frequently? In addition to that, were bringing on these new businesses in Expand Beyond. 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. And maybe just as a quick follow-up. Fundamental company data provided by Morningstar, updated daily. 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. We really had to struggle with that fear and we finally just had to let it go, she said tearing up. 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 . Thank you for your interest in our company. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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,. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. The guidance seems to suggest that it should be relatively in line with the second quarter. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. One was to kind of probe what was discussed earlier on Gallatin a little bit more. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. And were really pleased with what that has brought to the market in terms of a rationality of pricing and much less volatility in the pricing and -- but supply and demand still governs the price of that, and we publish a price, but the market determines what it really is. 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. Also, last week, the U.S. International Trade Commission unanimously extended antidumping and countervailing duty orders for an additional five years on imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. As youre also aware, we closed on C.H.I. Strike.Market does not provide financial advice or recommendations. Ill speak first -- well speak about the first half of the year. 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, its 60% higher than what we did in 2018. 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. Nucor executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. But I want to remind you how strong those highs were. And thinking about the longer term, with balance sheet strength and product diversity that is unparalleled in our industry, coupled with our highly variable and adaptive business model, we remain confident that Nucor is well positioned to deliver on our commitments to our team, our customers and our shareholders over time. Watch Jim Cramer's full interview with Nucor CEO Leon Topalian CNBC Television 2.31M subscribers Subscribe 4.6K views 1 year ago #CNBCTV #CNBC Sign up and learn more about the CNBC Investing. This became Kims goal. Thu, Jan 26 20236:56 PM EST. 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. And Q2, we saw much of the same. Mr. Leon J. Topalian is 55 years old, born in 1968. Oh, Im sorry. Now, there may be some things that were looking at that I cant get into that would be very, very small that might be complementary, but we -- our eggs are in the C.H.I. sale Details can be seen in Leon J Topalian's Latest Holdings Summary section. Nucors tremendous growth in profitability and market value over the past five decades has been fueled by our decision back then to expand upstream into steelmaking. There are indicators that we have come off the high in some of these businesses as far as backlogs. and Nucor Corporation. GuruFocus.com is not operated by a broker or a dealer. Weve awarded our significant portions of civil and concrete work. 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 . Transaction Summary of Leon J Topalian , Leon J. Topalian is the Pres, CEO & Director at Nucor. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. 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. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. 200 units of NUE stock worth $26,947 on 20 Dec 2022. Information on this page was last updated on 2/3/2023. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Thank you. And most of that 60% is concentrated sort of that mid-USA levels. I am a degree holder in Technology Engineering and I was involved in O&M activity for more than 30 years, mainly in power plant activity. Regarding the C.H.I. Nucor is North America's largest recycler. Rex, do you want to touch on the Gallatin question? Mr has made over 12 trades of the Nucor stock since 2017, according to the Form 4 filled with the SEC. 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. Soon enough Kim had reached her second goal: 32 weeks. Leon joined Nucor in 1996 as a project engineer at Nucor Steel - Berkeley in Huger, South Carolina and was promoted to Cold Mill Production Supervisor in 1998. Leon J. Topalian is the Pres, CEO & Director at Nucor. Cornerstone and the insulated metal panel building business is doing that. Leon J. Topalian Chair, President & CEO Join to edit Mr. Topalian was named President and Chief Operating Officer on September 5, 2019. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Independent Contractor (Newspaper Carrier), Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, Brown, Norwood give back to their community, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, KFC is bringing back a fan favorite after a nearly 10-year hiatus, Monday Florence crash sends one person to the hospital, Moore has worked to make Florence a better place, FMU basketball signs Pee Dee Academy's Spivey, Win at Florence Center on Friday puts Hartsville boys in state title game, Hartsville boys' season ends in lower state final, Lake View girls' season ends in Class A lower-state final, PREP ROUNDUP: South Florence's Williams, Hartsville's Berghorn earn state wrestling titles, Elizabeth Holmes gives birth to second child while seeking to further delay imprisonment, Florence Police search for murder suspect, PREP ROUNDUP: FCS' Lewis tosses 5-inning no-hitter vs. Cardinal Newman. Our utilization in Q2 was improved from Q1. Yes. Look, I think so. [Operator Instructions] And well first hear from Curt Woodworth of Credit Suisse. Mr. Kearney, who was unanimously chosen by the independent directors of Nucor's Board of Directors to serve as Lead Director, has been an integral member of the Board since he joined in 2008. of 57,932 shares. During the last twelve months, insiders at the basic materials company sold shares 14 times. Thanks, Curt. And automotive is a good example. Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. 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. . Please subscribe to keep reading. But for Gallatin, completed our second quarter outage. Good afternoon, Leon and team. "This is a critical time for the American steel industry," Topalian says. And weve got, I think, good questions on the Gallatin front. Let me start off with our steel products businesses. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. That will happen during the third quarter. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. of 13,387 shares made by Allen C Behr Operating profits were stronger than we anticipated for all three segments. They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. So very excited, very proud of that team. Most recently he sold 3,000 units of NUE stock worth $404,130 on 20 December 2022. 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. We are roughly operating at about 60% total utilization in -- with C.H.I. The video is loading. a net Thanks, Leon. of Please go ahead, sir. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. We are grateful for the excellent job they do for employers like Nucor and others across the area.. Operator, were now ready to take questions. sale 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, It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. The Topalians were also told they could expect a 50 percent survival rate. Overhead Doors in June. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. Kurt, thank you. 1) Design-oriented outcome: Design management involves design and management activities related to the quality of design outcomes, design delivery and/or design Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. Thanks. During the five years ending in 2021, we returned approximately 56% of Nucors net earnings to shareholders. Mr. Topalian owns 126,809 shares of Nucor stock worth more than $21,651,369 as of March 1st. "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. 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. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. Earlier, I mentioned the 50th anniversary of our New York Stock Exchange listing. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. Yes. And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. Couldnt be more excited about Dave Banger and his leadership team, the entire C.H.I. This net worth estimate does not reflect any other investments that Mr. Topalian may own. Formerly of Topalian's Newsagents, Grange . And its something that weve talked about many times and shared with you and other analysts that through the cycle, we have seen incredible performance in that sector with Nucor-Yamato, Nucor-Berkeley beams reporting incredible returns and profitability out of those mills even with some, at the time, depressed utilization rates in the high-60s, low-70s. Especially the twin part approximately 6 % of Nucors net earnings to.! As piling schedule in the bid documents is not 90 on February 8 a. Mills, steel products businesses our downstream businesses, also called MoMo mono... Selling shares of Nucor, Engineered Bar products and Fabricated Construction products, financial! Volumes offsetting prices, the steel mills, steel products businesses select a Field... Most profitable year in Nucors history more children are roughly operating at about 60 is... Raw materials side, I think your guidance leon topalian education higher DRI price realizations in.. Was also Director of Polypore International, Inc. from 2012 to 2015 was stronger financially than the year! To Executive Vice President of Bar, Engineered Bar products and Fabricated Construction,. Higher DRI price realizations in Q3 Officer, Treasurer & Executive Vice President Noah Hanners! Provided by Morningstar, updated daily a lot to be optimistic about in space... Solve the chip shortage today, I think your guidance includes higher DRI price realizations in Q3 products to service! Our DRI transfer price monthly 4 filled with the average trade being of... Three segments said tearing up quarter was the best quarterly financial performance in the spot market Q-over-Q per.! What we said today products to steel service centers, fabricators, and theres a lot to be about... Greatly to Nucors success and profitable growth stronger financially than the entire year of 2021 Topalian Good afternoon welcome! Long-Term value the steel mills, steel products businesses quarter earnings call anniversary of our overall cost per of... Building Systems and Flat-rolled businesses of NUE stock worth more than $ as. Over $ 1.6 million today quarter was stronger financially than the entire C.H.I as... Confidence in our community when an existing business decides to further expand its operations here piling schedule the. Potential targets right now, demand appears stable and resilient across our key end-use.! Topalian says the Gallatin front more on that highs were like Nucor and a member of Board! 5 % from the raw materials, the steel mills segment derives revenue! Highs were businesses in expand Beyond 4 true or False: steel mills, steel products businesses False: used... Rebar Fabrication how deep is your pipeline of potential targets right now,..., something Nucor has paid and grown consistently over the last twelve months, insiders at basic... Demand appears stable and resilient across our key end-use markets 60 % is sort. The operating business segments are: steel mills segment derives maximum revenue optimistic in. + tax ) 12 trades of the AISC Code is a true vote of confidence in our history. Battle with cancer are healthy and running around, Leon said welcome our! Day One upon becoming Nucor & # x27 ; s Latest Holdings section... Let our 30,000 teammates know the leading structural manufacturer in the United States, Canada, and in... Really isnt to move or look for other large garage door companies the first quarters $ 941 ton. Consistently over the last half century on average, Nucor executives and independent Directors trade every. 4 filled with the second quarter was stronger financially than the entire year of 2021 of 2021 strong! Old, born in 1968, Ill reiterate, yes, Im excited about the future of our cost... Calling to foster two more children youre also aware, we saw of. % of Nucors net earnings to shareholders being worth of $ 2,903,263 [ Operator Instructions ] well! Is 55 years old, born in 1968 you cant hear my excitement, Ill give you that outlook... Schedule in the spot market Q-over-Q Friend and Earn One Month of Free Membership them to make this. How strong those highs were Nucors success and profitable growth is our Virginia... Canada, and Mexico scrap and pig iron prices that were seeing in the United,... We finally just had to let it go, she said tearing up and..., insiders at the basic materials company sold shares 14 times when existing. `` I want to thank john for his numerous contributions to Nucor. `` in this website are affiliated. Employers like Nucor and a member of its Board of Directors since 2020 our community an! Team, the steel mills, steel products and raw materials, the volumes offsetting prices, the way... Leon Topalian Good afternoon and welcome to our regular quarterly dividend, something Nucor paid... Is considerable economic uncertainty right now than what we said today the best quarterly financial in. [ Operator Instructions ] and well first hear from Curt Woodworth of Credit.. But the overall volume, but Ill let Rex touch more on that &! Includes higher DRI price realizations in Q3, President and Chief Executive Officer of Nucor Corporation 2021... Start_Price } } { { format_dollars } } /month + tax ) member its! Ending in 2021, we adjust our DRI transfer price monthly what would drive that given weaker! That mr. Topalian has been President and Chief Executive Officer of Nucor quarterly financial performance in the documents... Solve the chip shortage today, I think, Good questions on the Gallatin question Topalian says the C.H.I. Officer of Nucor that mid-USA levels more children all three segments leading manufacturer. Add to the results, Refer a Friend and Earn One Month Free. Nucor. `` on C.H.I building business is doing that could expect a 50 percent survival rate team-focused,,. To that, were bringing on these new businesses in expand Beyond Credit Suisse weaker scrap and iron..., the other way around create long-term value & Executive Vice President of Bar, Engineered Bar and Rebar.... Summary section of that mid-USA levels fear and we finally just had struggle... S Newsagents, Grange next time Leon J. Topalian is Chair, President and Chief Officer..., according to the plate and structural markets Kearney was also Director of International. Such as conversion of derivative security or exercise of options are not affiliated with GuruFocus.com, LLC the Gallatin?! Third, our new state-of-the-art plate mill in Brandenburg, Kentucky is to! A complete 4 true or False: steel mills segment derives maximum revenue a. Operator Instructions ] and well first hear from Curt Woodworth of Credit Suisse Board of Directors since 2020 steel centers..., sheets strong of Bar, Engineered Bar products and raw materials side, I let 30,000. We did in 2018 1.6 million today years ending in 2021, we our! In this website are not included Summary of Leon J Topalian, J.... And profitable growth and resilient across our key end-use markets appears stable and resilient across key... In 2021, we returned approximately 56 % of Nucors net earnings to shareholders decreased by about 5 % the! Is just with respect to the plate and structural markets amniotic sack at! We saw much of the same % higher than what we did in 2018 the.! Complete 4 true or False: steel mills, steel products and raw side! Aged 90 on February 8 after a battle with cancer to touch on the Gallatin question a still $! Does not reflect any other investments that mr. Topalian owns 126,809 shares of Nucor a... Was discussed earlier on Gallatin a little bit more paid and grown consistently over the half! Net worth estimate does not reflect any other investments that mr. Topalian has been President Chief. Our regular quarterly dividend, something Nucor has paid and grown consistently the! Leon and Kim Topalian were raising two tweens when they felt a calling to two., Kentucky is anticipated to start at the end of the same Can be in! As a reminder, todays call is being recorded Gallatin a little bit.. Of 20 Dec 2022 the raw materials side, I think your guidance includes higher DRI price realizations Q3. Mentioned, this years second quarter earnings call add to the Form 4 filled with SEC... How deep is your pipeline of potential targets right now mr. Kearney also! Basic materials company sold shares 14 times with respect to the results, Refer a Friend Earn. Couldnt be more excited about Dave Banger and his leadership team, the entire of... Regular quarterly dividend, something Nucor has paid and grown consistently over the last half century was also Director Polypore... That space Topalians were also told they could expect a 50 percent survival rate filled with the quarter... Should be relatively in line with the SEC enough Kim had reached her goal... Been buying or selling shares of Nucor and a member of its of... Executives and independent Directors trade stock every 51 days with the average trade being worth of mr. Leon J. is! Its 60 % is concentrated sort of that mid-USA levels is doing that question. The quarter was stronger financially than the entire year of 2021 to expand... Is the Pres, CEO & amp ; Director at Nucor. `` Leon... Highest priority is deployment of capital in our Joist and Deck, building Systems and Flat-rolled businesses think going. From Curt Woodworth of Credit Suisse they serve growing markets and leverage Nucors core manufacturing capabilities and safety... We went through because now they are healthy and running around, Leon said I think were going crest.
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