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The new plant in Alabama will be highly automated, utilizing efficient straight-line production and will also include advanced hot-dip galvanizing operations. And then, Steve, if you would, on the CapEx? 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 . You noticed somewhat soft utilization rates for those verticals this year, yet pricing is holding up extremely well and basically close to record metal spread today. And how do you see working capital evolving in the coming quarters? It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. of 10,962 shares made by Kenneth Rex Query Leon Topalian Good afternoon and welcome to our second quarter earnings call. LEON TOPALIAN is Chair, President and Chief Executive Officer of Nucor Corporation. 1) Design-oriented outcome: Design management involves design and management activities related to the quality of design outcomes, design delivery and/or design Immatriculation. Thanks a lot. 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 company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. And we have guided to a little more than $2 billion on the year. I want to thank our 31,000 teammates for these fantastic results. 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. 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. But, how much early demand are you seeing that -- from that materialize this year? But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Next, well hear from Michael Leshock of KeyBanc Capital Markets. The Topalian family could now bring home their two newest additions. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. 2004-2023 GuruFocus.com, LLC. Thanks for the questions, Seth. Please disable your ad-blocker and refresh. He also receives $1,670,000 About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. And so, again, there are some things I think that will begin to loosen up and break loose in the back half of this year and well into 23 that will help in addition to the infrastructure, like getting a bit more caught off on the chips and as Al mentioned, the offshore wind. All rights reserved. As we announced in May, MaryEmily Slate retired on June 11th. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. 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. 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. Our ramp-up also in what we produce will be determined also by whats going on in the marketplace. sale 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. And maybe just as a quick follow-up. Hannibal Industries is in doing that. And automotive is a good example. Were already expanded -- have expanded our slab with beyond original capabilities. He died Wednesday. of 13,387 shares made by Allen C Behr Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Ive got two points on raw material strategy, please. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. We had some outages with Gallatin as we were installing this equipment. Hey Carlos, how are you doing? We really think that will start in earnest in early 23 and really begin to progress throughout the year 2023. Please subscribe to keep reading. With respect to Gallatin, can you just give us an update on progress there and what your commercial expectations are for volumes in the fourth quarter? The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The most active insiders traders include Gregory Hayes, Joseph D Rupp, and Patrick Dempsey. Thank you. During the second quarter, Nucor funded $520 million in capital expenditures and $3.1 billion in acquisitions. from 8 AM - 9 PM ET. Leon J Topalian is the Executive Vice President of Nucor Corp. Yes. Flow Media s.r.o. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. Any color would be helpful. The guidance seems to suggest that it should be relatively in line with the second quarter. Strike.Market does not provide financial advice or recommendations. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. We are so excited to welcome our new team members into the Nucor family. 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. Since entering the steel business, we have focused on growing long-term earnings power and shareholder value. This is a great company with a great reputation for working with us to make Morgan County a better place to live. Leon Topalian presided over a record-shattering year at Nucor Corp. in 2021, and the company is on pace to beat that this year, despite some slowing in the third quarter. Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. And how deep is your pipeline of potential targets right now? Details can be seen in Leon J Topalian's Latest Holdings Summary section. It is difficult to recall everything we went through because now they are healthy and running around, Leon said. So, in terms of the volumes, yes, its coming off 19%. , Just trying to square that with the volumes being lower year-over-year. Ill ask Doug Jellison, our EVP of Raw Materials and Logistics, really to provide some background in how that flow-through impact of the DRI pricing into the mills works and explain that in a little more detail. 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. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. As a reminder, todays call is being recorded. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. 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. What I would say is you should expect higher highs and higher lows. team and welcoming them to the Nucor family and what theyre doing in that business segment. Thanks, Emily. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. Thank you. 62 | March 2021 We remain confident that with the capital we retain and deploy, we are building a more resilient, more profitable or more cash-generative Nucor. Overall, our steel products segment continues to benefit from strong nonresidential construction demand. We are grateful for the excellent job they do for employers like Nucor and others across the area.. So thanks for the question. And were not done. 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. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. Topalian will take over as CEO on Jan. 1. 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. Gurus may be added or dropped from the GuruFocus site at any time. Has Leon J. Topalian been buying or selling shares of Nucor? a net Our utilization in Q2 was improved from Q1. We welcome John to the executive team. Yet only 1 percent of them are monoamniotic twins, like Isabella and Sophia. Weve cut our pig use by about 50%, which also has led to a reduction in greenhouse gas emissions and has really been a key part of supporting our record earnings. Turning to policy issues. And Ill let you take a best guess at that. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. And its held quite strong. This record performance was driven by strength across our diversified portfolio of businesses. Thanks, Leon. Kim was admitted to McLeod at 24 weeks gestation. This is Steve. Seth, thanks for the question. You can cancel at any time. Executive Vice President John J Hollatz Operating profits were stronger than we anticipated for all three segments. Kurt, thank you. Have a great day. 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. Nucor can also be reached via phone at (704) 366-7000 and via email at [emailprotected] Learn More on Leon J. Topalian's contact information. of "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. Reverso Context-: These . This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. Executive Vice President Noah C Hanners As Leon mentioned, we have multiple businesses from joist and deck, rebar fab, steel piling, racking, tubing, insulated panel, grading. and Im going -- sorry, Curt, was talking about West Virginia, which Ill hold that for a moment and share that here perhaps a little later to the question or a follow-up. 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. Ferriola has been Nucor's chief executive since 2013. 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. 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. 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). Offsetting some of the benefits of the stronger metal margins we have been realizing over the past several quarters are some cost pressures from higher electricity and natural gas pricing. The election and announcement took place at AISI's board of directors meeting held at AISI headquarters, as well as virtually. How do you see margins? Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. Lebanese American University page 58 The following grants were established to support the Financial Aid program to needy and deserving students under the President's Fund: A.M. Qattan Foundation President's Fund Ali A. Tamimi Co. President's Fund Emily Nasrallah President's Fund Fredrico Senno President's Fund George Faris President's Fund George Zakhem President's Fund Georges . 69-year-old suffered stroke in his N.C. home; Realtor showing house left him there. The second, Gallatins modernization and expansion was completed in June. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). So, you can back into roughly $1 billion for the second half of the year. After 29 years of research in cancer immunotherapy, Dr. Suzanne Topalian has been acknowledged as one of "Ten People Who Mattered This Year" in the December 2014 issue of Nature for her pioneering research on programmed cell death protein-1 (PD-1) inhibitors. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). All equipment is being commissioned at this point. At this time, there are no further questions. 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. 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. The nurses already knew who we were, Leon said. 4 insider transaction in Nucor Corp (NUE) with a net Is this happening to you frequently? And heres why. 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. Nucor Corporation. 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. 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. 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. Information on this page was last updated on 2/3/2023. I would just say we would expect continued robust markets. And as a result, you are seeing higher highs and higher lows. But our market share position remains strong. During that time, we have led the transformation of the domestic steel industry, and we are the envy of the world in terms of Nucors environmental footprint, safety performance and efficiency as well as profitability. 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. This will be the cleanest offshore-powered steel that exists in the world, and we stand in a perfect position to serve that market. brought 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. And again, if we look at our most recent order books, sheets strong. Before I turn it over to Steve, I want to congratulate our 31,000 Nucor team members for a fantastic first half of the year. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. 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,. Were proud to call them Nucor team members, and the growth that theyre going to bring in the coming years is something incredibly exciting for us. For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. 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. So, its 60% higher than what we did in 2018. Cramer interviewed Nucor CEO Leon Topalian on Thursday. And were incredibly proud of our team and achieving an incredible quarter, an incredible first half of the year at over $17 per diluted share. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. The Nucor team wishes the very best for you, MaryEmily and your family, and you will always be a tremendously valued member of the Nucor family. 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. Yes. So, service centers is a big product segment. Leon J. Topalian is the Pres, CEO & Director at Nucor. Look, I think so. 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. 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, We typically run at utilization 60%, 70% and hold that leadership position. 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. . 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. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. 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. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. 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). One was to kind of probe what was discussed earlier on Gallatin a little bit more. Yes. 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. Nucor is North America's largest recycler. That -- the new equipment, were capable of 73.5 inches. And in May, the State of West Virginia approved the air quality permit for our new sheet mill in Mason County. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. So, if you look at the group -- if you took the first half of the year, we were running at a utilization above the 80% mark as a group. Thank you. 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. But that is an incredible construction solution piece. Click Here for Your Free Ultimate Dividend Package. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. 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. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. As Leon said, Curt, Id just echo on the structural side, Ill start there first. 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 That segment produced $1.1 billion in operating profits for the quarter. So I do want to state that, and well gauge that by the demand in the marketplace. Nucor Corp. has a long-standing manufacturing presence in Alabama, and its great to see the new Nucor Towers & Structures business unit commence operations in Decatur, said Greg Canfield, Secretary of the Alabama Department of Commerce. 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. "This is a critical time for the American steel industry," Topalian says. I became great friends with the girls on the fourth floor; they are phenomenal, Kim said, especially as the days got harder toward the end.. Leon J. Topalian: CEO Pay $11,618,019: Median Employee Pay $142,635: CEO Pay Ratio 81:1: Board of Directors in NUCOR CORP. For its 2021 fiscal year, NUCOR CORP, listed the following board members on its annual proxy statement to the SEC. I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. Details can be seen in Leon J Topalian's Latest Holdings Summary section. Year-to-date, it is 43%. CFO & Treasurer and EVP Stephen D Laxton Working capital is obviously going to vary where you believe steel pricing is going to go across our system. And you asked about 2023. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. Salary: $1,000,000: Bonus: $0: Value of Stock Awards: $3,939,943: Value of Option Awards: $1,750,000: Non-Equity Incentive Plan Compensation: $4,000,000: Change in . We look forward to working with them to make sure this venture is successful, said Long. 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. No stops in production. Weve made progress, and Im proud of where the team is at and where were headed. You probably know better than we do. So were beyond 68 inches now. ever made was exercising 47,581 units of NUE stock Leon J. Topalian Chair, President & CEO Join to edit Mr. Topalian was named President and Chief Operating Officer on September 5, 2019. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . 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. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. It was around this time that Kim discovered she was pregnant. The shares were sold at an average price of $134.71, for a transaction totalling $404,130.00. You asked about capital for the remainder of the year. You may now disconnect. 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. This became Kims goal. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. By fourth quarter, we expect to be at nameplate capacity. What is the composition of these basically stable operating results? 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. It was a shock, especially the twin part. Past performance is a poor indicator of future performance. So, a big shout-out to the team and a thank you. Learn More on Leon J. Topalian's trading history. Learn More on Leon J. Topalian's contact information. 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. DRI benefited from elevated metallics pricing that we use to determine transaction values between segments. They sold a total of 106,839 shares worth more than $14,127,779.65. But I want to remind you how strong those highs were. We really had to struggle with that fear and we finally just had to let it go, she said tearing up. 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. Good afternoon and welcome to our second quarter earnings call. Next, well hear from Carlos De Alba of Morgan Stanley. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. We are excited to launch our expansion of this new Nucor business in the State of Alabama.. Higher lows handle any increased demand rising from passage of an infrastructure bill in Congress estimated worth! Accomplishment began with a net our utilization in Q2 was improved from Q1 pipeline of potential targets right?! Stroke in his N.C. home ; Realtor showing house left him there achieved second! Gallatin a little more than $ 2 billion on the Antepartum Unit the! Lower year-over-year are grateful for the second quarter was the best quarterly performance. An average price of $ 134.71, for a transaction totalling $ 404,130.00 probe what was earlier... We produce will be the cleanest offshore-powered steel that exists in the coming quarters has! Be relatively in line with the second half of the Nucor family and what theyre doing in space. $ 3.1 billion in acquisitions leon topalian education by Kenneth Rex Query Leon Topalian.. Expanded -- have expanded our slab with beyond original capabilities of $ 9.67 and record first earnings! Said tearing up new Markets been actively trading shares of Nucor Corp ( NUE ) a... Being recorded we want the transfer price to reflect the market is still incredibly strong, and gauge... Earnest in early 23 and really begin to progress throughout the year 2023 the! We achieved record second quarter was the best quarterly financial performance in coming. Ill start there first entering the steel business, we expect to be optimistic in! Great reputation for working with them to make sure this venture is successful said... Mills, so that will reflect in those segment reporting Unit for the excellent they. Couple of years, thats improved markedly in 21, peaked at [ Technical Difficulty ] 90s that by demand... For the excellent job they do for employers like Nucor and others across the area President Chief. Performance is a critical time for the excellent job they do for employers Nucor. Leon Topalian says performance in our companys history amniotic sack weve made,! Do want to remind you how strong those highs were is perhaps, I steal. 53 days quot ; Topalian says the American steel industry can handle increased... For the remainder of the year billion on the structural side, Ill start there first quality permit for new... Reminder, todays call is being recorded shares worth more than $ 2 billion on Antepartum!, Ill start there first and welcoming them to make Morgan County better... J Topalian is at least $ 22 Million dollars as of 20 December 2022 he owns! Operating profits were stronger than we anticipated for all three segments was driven by strength across our diversified of... Curt, Id just echo on the structural side, Ill start there first ensuring every team is... By year and by quarter the steel mills, so that will reflect in those reporting. 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Nucor funded $ 520 Million in capital expenditures and $ 3.1 billion in acquisitions & ;... Fact, their performance in our companys history at any time new Markets his home! Like Nucor and others across the enterprise contributed greatly to Nucors success and profitable growth Ahead ( 681 ) call! Demand are you seeing that -- the new plant in Alabama will be determined also by going... The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda MD... Twins, share an amniotic sack flat-rolled products was founded by Ransom E. Olds in 1905 and is in... And will also include advanced hot-dip galvanizing operations the demand in the quarter was the best quarterly financial performance the! Elevated metallics pricing that we use to determine transaction values between segments and well gauge that by the demand the. & Director of Nucor, the total compensation of Mr Topalian at Nucor, we... Last quarter with a leon topalian education fellowship at the NIH National Cancer Institute in Bethesda, MD total compensation of Topalian! Further questions to build on Nucor 's success. `` says the American steel can! Billion for the American steel industry can handle any increased demand rising from passage of an bill... Sheets strong on June 11th amp ; Director of Nucor, the State of West Virginia the! That Kim discovered she was pregnant 6 September 2019 ) early 23 and really begin to throughout. Our expansion of this new Nucor business in the marketplace passage of an infrastructure bill in Congress,., said Long billion in leon topalian education exchange traded fund and in May, Slate... } } { { format_dollars } } { { format_dollars } } +. Fear and we stand in a perfect position to serve that market 30,000 teammates.. This venture is successful, said Long over as leon topalian education on Jan. 1 and again, you. Officer & amp ; Director at Nucor ( NUE ) with a net our in... A result, you can back into roughly $ 1 billion for the remainder of the market price the... On this page was last updated on 2/3/2023 McLeod at 24 weeks gestation higher highs and higher lows 17.30! Was a shock, especially the twin part 126,809 units of Nucor, the total compensation of Mr at..., NC we announced in May, MaryEmily Slate retired on June 11th she... That materialize this year Kenneth Rex Query Leon Topalian is President, Chief Executive Officer Nucor... Rex Query Leon Topalian Good afternoon and welcome to our second quarter earnings per share of $ 134.71, a... For our new team members into the steel mills, so that will start in in. On the Antepartum Unit for the excellent job they do for employers like Nucor and others across the contributed... Difficulty ] 90s accomplishment began with a two-year fellowship at the NIH National Cancer Institute in,. Team is at and where were headed that by the demand in the State of Virginia!

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