That will happen during the third quarter. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. 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. 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). Above is the net worth, insider trading, and ownership report for Leon J Topalian. This is a great company with a great reputation for working with us to make Morgan County a better place to live. We welcome John to the executive team. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. Information on this page was last updated on 2/3/2023. Nucor Corp (NUE) Last updated: 22 February 2023 at 10:21am EST. We achieved record second quarter earnings per share of $9.67 and record first half earnings of $17.30. And then, my follow-up is just on the steel mill side. And as a result, you are seeing higher highs and higher lows. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. So us providing, again, a complete solution really is a differentiated value proposition. The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. For the year, we expect earnings per share will establish a new annual record for Nucor. I have served Harris Rebar Colombo (Pvt) Ltd as a Rebar detailer using RebarCAD software (Canada & USA) for 5+ years (from 2014 to 2020) and handled projects as a group leader in USA. I was so excited that we had made it. 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. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. Nucor is North America's largest recycler. CHARLOTTE, N.C., Feb. 22, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that the Company's Towers & Structures business unit will build a new state-of-the-art transmission tower production plant in Decatur, Alabama.The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill and will be the first of two new tower production plants the Company plans to . Learn More about Leon J. Topalian's net worth. Wrexham AFC fans out in force to bag pre-sale Kings of Leon tickets. So, with regard to Gallatin, if I look at your sheet tons, youre running -- run rate less than a year ago levels. Since entering the steel business, we have focused on growing long-term earnings power and shareholder value. . He also receives $1,670,000 Click here to see the complete history of Leon J Topalians form 4 insider trades. From market futures to live price updates CNBC is the leader in business news worldwide. Leon J. Topalian is the Pres, CEO & Director at Nucor. Turning to the outlook for the third quarter of 2022. GuruFocus.com is not operated by a broker or a dealer. | En savoir plus sur l'exprience professionnelle de Mihai Pirlog, sa formation, ses relations et plus en consultant son . A big-screen adaptation of the 1988 novel by Thomas Harris, the film quickly grew from an unexpected blockbuster to an awards season juggernaut, nabbing Oscars for Best Picture, Best Director, Best. While joist and deck shipments were down from the first quarter, higher prices more than offset the decline in volumes. Halfway through the year, we are on pace to have our new safest year in history, which is coming off back to back to back record safety years. Several of our recently completed organic growth projects in our core steelmaking businesses are already contributing to our record first half profitability, and there is more to come as additional projects ramp up production or come on line. If we just look, for example, at the warehousing space, forecast by Dodge for 2023 is down about 19%. We have also grown our workforce from 1,800 team members back in 1972 to more than 31,000 team members today and in the process created a huge amount of shareholder value. revision of the 2016 edition. You can cancel at any time. 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. As youre also aware, we closed on C.H.I. 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. Yes, Timna. 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. 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 . Thank you. Reshoring semiconductor production here in America gives us a tremendous opportunity to unleash a manufacturing renaissance in the United States. But for Gallatin, completed our second quarter outage. For the third quarter, we expect lower earnings from our steel mills segment relative to Q2, and we expect continued strength in steel products and raw materials with performance roughly in line with the second quarter. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. Get notified the next time Leon J. Topalian buys or sells Nucor stock. Good afternoon, Leon and team. Next, well hear from Emily Chieng of Goldman Sachs. What is the salary of Mr Topalian? 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. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. Nucor is North America's largest recycler. Pepperoni Grill. 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. of 171,494 shares. We look forward to working with them to make sure this venture is successful, said Long. The company also produces direct reduced iron for use in its steel mills. So, we still see that nonres construction space that is the driver for these businesses, as Al mentioned earlier, to be very strong. sale Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. , I will ask Rex Query, our EVP of Sheet and Tubular, to give an update on Gallatin. Only the transactions in Open Market or Private Sale at the market prices are included. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. In summary, during the past 3 months, insiders sold 57,932 shares of Nucor Corp (NUE) in total and bought 0 shares, with a net Nucor Corp (NUE)'s detailed insider trading history can be found in Insider Trading Tracker table. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. Wanna wing it $0.69 Cent wings are available now through Saturday! 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. The result is that today, we are the leading North American manufacturer of a diverse array of steels and steel products providing essential solutions for construction, infrastructure, energy, transportation, automotive, capital goods and consumer-durable market applications. 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. Immatriculation. So, its 60% higher than what we did in 2018. Again, fabricators are a big part of that plate business. 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. 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. So, we see a little bit probably leveling of pig prices through the third quarter declining into the fourth quarter. 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. And Q2, we saw much of the same. Hey Chad, one thing Ill add and just maybe a further point, Carlos, to share some of this. 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. This became Kims goal. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! And we have guided to a little more than $2 billion on the year. Stock quotes provided by InterActive Data. 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%. . They remain strong with strong backlogs. And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. Soon enough Kim had reached her second goal: 32 weeks. "This is a critical time for the American steel industry," Topalian says. 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. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. 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. President and CEO of Nucor Corp ( 30-Year Financial, Insider Trades) Leon J Topalian ( insider trades) sold 47,581 shares of NUE on 03/26/2021 at an average price of $77.18 a share. And next, well hear from Seth Rosenfeld of BNP Paribas. So, you should expect good results from businesses like our insulated metal panel business as we grow that and as we drive efficiencies through that. 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leon topalian education