The video is loading. And how deep is your pipeline of potential targets right now? This record performance was driven by strength across our diversified portfolio of businesses. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. But our market share position remains strong. Nucor Corporation. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. 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. Good afternoon, Leon and team. 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. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision Subscribe to CNBC: https://cnb.cx/SubscribeCNBCTurn to CNBC TV for the latest stock market news and analysis. 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? We are excited to launch our expansion of this new Nucor business in the State of Alabama.. So the pipeline is rich. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. Again, fabricators are a big part of that plate business. Nonresidential construction has been one of our most resilient markets across the enterprise, and we would expect that continues in 2023. ICYMI: Leon Topalian, Nucor Corporation CEO and Chairman of AISI discussed WTO's ruling against U.S. steel tariffs on CNBC's Mad Money: Mihai Pirlog Jerry Inzerillo, GCEO at #DGDA, came forward to congratulate and honor the sales center team that completed their training program in the history So, that group continues to perform well. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. , and Nucor Corporation. 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. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. Marjorie Matthews died aged 90 on February 8 after a battle with cancer. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. 200 units of NUE stock worth $26,947 on 20 Dec 2022. We hope this strike an arc, as a matter of fact, on the hot side even yet in the next literally day or two. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. Next, well hear from Michael Leshock of KeyBanc Capital Markets. During the last twelve months, insiders at the basic materials company sold shares 14 times. offer you some insulation from the traditional cyclicality of steelmaking. The further out towards the coast you get, the market share has dropped off a little bit. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. 3,000 shares on December 20, 2022, which He appears on "Balance of Power." Watch or read the transcript below. DRI benefited from elevated metallics pricing that we use to determine transaction values between segments. Then there was the realization that we were having preemies, Kim said. 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. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC. 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. 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). So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. Ferriola has been Nucor's chief executive since 2013. We are not atrading platform and do not offer tobuy stock or sell any security. sale Since entering the steel business, we have focused on growing long-term earnings power and shareholder value. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". Immatriculation. But how much of Gallatin was in the second quarter? side will be mostly organic growth from here. He also receives $1,670,000 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. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. We are the leading structural manufacturer in the United States. As the Pres and CEO & Director of Nucor, the total compensation of Mr Topalian at Nucor is $5,953,180. And you asked about 2023. All Rights Reserved. Our energy cost per ton of steel produced was up approximately 50% year-over-year. 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. 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. This article about a chief executive from the United States is a stub. My No. But as we start to put the mill through its paces, well go wider and wider. Have a great day. At that time, we just operated one steel mill, which was Nucor Steel Darlington. The Topalians were also told they could expect a 50 percent survival rate. Nucor Corp manufactures steel and steel products. This net worth estimate does not reflect any other investments that Mr. Topalian may own. Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. Fri, Dec 9 20227:06 PM EST. Enter your email address below to get our daily insider buying and selling report. 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%. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. Health. Were you ultimately forced to lock in some high-priced deliveries that might be arriving even though spot has declined sharply? Energy, including renewables, has been a strong market. Other recent insider transactions involving Nucor Corp (NUE) include The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. Just trying to square that with the volumes being lower year-over-year. 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. Weve made progress, and Im proud of where the team is at and where were headed. Executive Vice President Noah C Hanners 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. So I do want to state that, and well gauge that by the demand in the marketplace. The most-recent trade in Nucor Corp is the of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! 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.. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. The election and announcement took place at AISI's board of directors meeting held at AISI headquarters, as well as virtually. As of the end of June, Nucor had debt to capital of 29% and ample liquidity with $2.5 billion of cash, short-term holdings and restricted cash holdings and an undrawn $1.75 billion in revolving credit facility. There is the normal flow of pig prices as we purchase pigs, deliveries, lead times, working through inventories. Thanks, Curt. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. But yes, we are seeing, again, stable demand and growing in some cases. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. We wanted two more children and the fact that God gave us two at one time was a real blessing.. But that is an incredible construction solution piece. And we have guided to a little more than $2 billion on the year. Your dedication and efforts are what drive the efficiency of our manufacturing businesses, which enable us to reliably meet the strong demand were seeing across our broad array of products. Thank you all for your participation. We are a one-stop shop and can solve the entity and entirety of their steel needs. Thanks, Emily. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. 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. But do you see other opportunities to make downstream acquisitions? Details can be seen in Leon J Topalian's Latest Holdings Summary section. The News with Shepard Smith is CNBCs daily news podcast providing deep, non-partisan coverage and perspective on the days most important stories. Comparing the second quarter of 2022 to the first quarter of 2021, all three segments generated higher earnings with pronounced outperformance in our steel products segment. 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. In the -- soon coming on line of our plate mill in Brandenburg. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. Only the transactions in Open Market or Private Sale at the market prices are included. Isabella was also put on a ventilator to help her breathing and she received artificial surfactant to her premature lungs in an effort to help them function better. It is a true vote of confidence in our community when an existing business decides to further expand its operations here. 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. 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. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. Get notified the next time Leon J. Topalian buys or sells Nucor stock. Hannibal Industries is in doing that. We spent about $1 billion so far. Its in supply chain and some of those constraints. This investment adviser does not provide advice to individual investors. And automotive is a good example. 4 insider transaction in Nucor Corp (NUE) with a net . And were excited about the rest of this year and were excited, frankly, about 2023. , 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. 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. Is $ 5,953,180, well hear from Michael Leshock of KeyBanc Capital markets segment reporting 20 December he! Of Gallatin was in the United States to further expand its operations here iron prices that were seeing the. 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