We typically run at utilization 60%, 70% and hold that leadership position. 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? Transaction Summary of Leon J Topalian 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. "I want to thank John for his numerous contributions to Nucor. Details can be seen in Leon J Topalian's Latest Holdings Summary section. NewsBreak provides latest and breaking news about Leon Topalian. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. DRI benefited from elevated metallics pricing that we use to determine transaction values between segments. 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 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 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. You asked about capital for the remainder of the year. But as Chad mentioned, and I think its an incredibly important part, our industry is shifted and it shifted substantially through reconciliations, through consolidation and through trade. 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). 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. of 13,387 shares made by Allen C Behr So just wondering if you have any updated comments there. Weve awarded our significant portions of civil and concrete work. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. I want to thank our 31,000 teammates for these fantastic results. What does that mean for your cost of inventory today? Yes. January 25 2023 - 09:00AM PR Newswire (US) CHARLOTTE, N.C., Jan. 25, 2023 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. You can cancel at any time. The estimated net worth of Leon J. Topalian is at least $21.65 million as of December 20th, 2022. Thank you for your interest in Nucor. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. The nurses already knew who we were, Leon said. Only the transactions in Open Market or Private Sale at the market prices are included. What is the salary of Mr Topalian? Our local economic development office along with its numerous partners continue to work hard to bring new industries and quality jobs to Decatur. Get notified the next time Leon J. Topalian buys or sells Nucor stock. And how deep is your pipeline of potential targets right now? But for Gallatin, completed our second quarter outage. But, could you comment a little bit more where you see the main changes? They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. Thank you. Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. That segment produced $1.1 billion in operating profits for the quarter. My first question is just around the infrastructure package that should start to really accelerate in 2023. 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. There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. Cramer spoke with Nucor CEO Leon Topalian on Friday. He began his career with Nucor as a project engineer at Nucor Steel-Berkeley in 1996 and was promoted to Cold Mill Production Supervisor in 1998. Look, I think so. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. 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. and Again, fabricators are a big part of that plate business. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. Once in the hospital, the couple and Kims physicians decided that they would deliver by caesarean section if she made it to 32 weeks. During the second quarter, Nucor funded $520 million in capital expenditures and $3.1 billion in acquisitions. This investment project is a win for Nucor, Decatur and all of Alabama.. And finally, thank you to our shareholders for the trusted capital that you place in our hands. or piling accessories was added to new to the 2022 Code. And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. And what we saw President Biden recently announced an executive orders yesterday, that will continue to position Nucor well, will position Nucors plate group and particularly Brandenburg, and an incredible value-add opportunity for our customers. 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. Okay, Carlos. Topalian will take over as CEO on Jan. 1. Flow Media s.r.o. Please go ahead. But most all of our downstream businesses have current backlog levels that are 30% to 50% higher than the average backlog we had in that 2015 to 2019 period to the pandemic. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. The companys capital investment in Decatur includes land improvements, construction of a new building and manufacturing equipment. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. 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 record performance was driven by strength across our diversified portfolio of businesses. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. 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. "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. 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. This investment adviser does not provide advice to individual investors. For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. Yes. Officials in Morgan County welcome Nucors growth plans in the North Alabama community. from 8 AM - 9 PM ET. 6:10 After spending three weeks in the NICU, the girls were eating and breathing well on their own. "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. Yes, similar to what we had in the script, we expect Q3 earnings to be very similar to the record-breaking results that we had in Q2. But, were not seeing any real movement in terms of material orders. So, were doing a full thickness slab now in a new slab, 130-millimeter. So, in terms of the volumes, yes, its coming off 19%. Yes. Leon J Topalian made basket. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. $4 million awarded to support early childhood education. I think it will get richer as we move forward. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. The most-recent trade in Nucor Corp is the And then, the C.H.I. Thanks, Curt. On this Wikipedia the language links are at the top of the page across from the article title. At that time, we just operated one steel mill, which was Nucor Steel Darlington. Thank you. La socit AUBERT*SOUVRAY/JOCELYNE/ est situ au 64 RUE CARNOT 72200 LA FLECHE Elle a t cre le 14/04/2016 et elle est immatricule sous le numro 819496126 au greffe de LE MANS AUBERT*SOUVRAY/JOCELYNE/ est immatricule au Registre du commerce et des socits.. Forme juridique et activit. He also receives $1,670,000 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. You may now disconnect. of 48,302 shares made by D. Chad Utermark About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . Enjoy a 7-Day Free Trial Thru Mar 09, 2023! Marjorie Matthews died aged 90 on February 8 after a battle with cancer. Next, well hear from Michael Leshock of KeyBanc Capital Markets. 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. Mr. Topalian began his career with Nucor as a project engineer at Nucor Steel-Berkeley in 1996 and was promoted to Cold Mill Production Supervisor in 1998. So were beyond 68 inches now. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Nucor Corporation. as Pres, Chief Executive Officer & Director in Nucor Corporation. As Leon said, Curt, Id just echo on the structural side, Ill start there first. They sold a total of 106,839 shares worth more than $14,127,779.65. 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. 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. That -- the new equipment, were capable of 73.5 inches. And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. Learn More on Leon J. Topalian's trading history. The largest trade he's Over the years, weve developed a strong partnership with Nucor, and I look forward to seeing our relationship expand with this new venture.. Is there any sort of renewed or early signs of renewed appetite to reengage here? All equipment is being commissioned at this point. And you asked about 2023. As far as the DRI, we adjust our DRI transfer price monthly. Rex, do you want to touch on the Gallatin question? However, for some context, energy costs still represent approximately 6% of our overall cost per ton. 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. We welcome John to the executive team. We are the leading structural manufacturer in the United States. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. Couldnt be more excited about Dave Banger and his leadership team, the entire C.H.I. MONTGOMERY - Governor Kay Ivey today announced that Nucor Corp. plans to invest approximately $125 million to open an advanced manufacturing facility in Alabama where a new business unit, Nucor Towers & Structures, will produce transmission towers. Mike, thank you for the question. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. That makes sense. In his past career he held the position of General Manager at Nucor-Yamato Steel Co., General Manager for Nucor Steel Kankakee, Inc., Manager-Melting & Casting at Nucor Steel-South Carolina and Project Engineer at Nucor Steel Berkeley. They remain strong with strong backlogs. Our utilization in Q2 was improved from Q1. We spent about $1 billion so far. Chart Data in Insider Trading History Table. 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. We had some outages with Gallatin as we were installing this equipment. , Our record first half results continue the history of delivering new highs in profitability and cash flow through successive economic and steel market cycles, demonstrating the sustainability and adaptability of Nucors business model. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. Thanks a lot. First question is just with respect to the plate and structural markets. 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leon topalian education
leon topalian education
