Most recently he sold 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. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. In our steel mills segment, shipping volumes were up by 10%. Explore the city's history and join us for an exclusive event at the Smithsonian's National Museum of African American History and Culture. 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. On this Wikipedia the language links are at the top of the page across from the article title. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. What I would say is you should expect higher highs and higher lows. Nucor can also be reached via phone at (704) 366-7000 and via email at paul.donnelly@nucor.com. Our team is focused on enhancing our capabilities, not simply adding capacity, and on delivering a differentiated value proposition for our customers by reliably and safely providing a broad offering of the most environmentally responsible steels and steel products found anywhere in the world. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. he still owns at least 126,809 units of NUE stock. If you have an ad-blocker enabled you may be blocked from proceeding. It also engages in the steel trading and rebar distribution businesses. 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. 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? Reverso Context-: I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. No stops in production. Certain statements made during the conference will be forward-looking statements that involve risks and uncertainties. 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. 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. So, its 60% higher than what we did in 2018. Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. Get notified the next time Leon J. Topalian buys or sells Nucor stock. 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. They remain strong with strong backlogs. As of 20 Dec 2022 he still owns at least 126,809 units of NUE stock. So, when we talk about the buildup to the start-up of Brandenburg by the end of this year in the markets, it will start to serve and open up for us in renewables like offshore wind and some, even specialty pipe work. As a reminder, todays call is being recorded. Gurus may be added or dropped from the GuruFocus site at any time. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC. Her impact on our teams across the enterprise contributed greatly to Nucors success and profitable growth. Hey Carlos, how are you doing? Learn More about Leon J. Topalian's net worth. 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. As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. 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. Curt, thank you for the question. 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. We have a lot of room to grow. Learn More on Leon J. Topalian's trading history. Steel racking, steel towers, and obviously, the overhead steel doors with the acquisition of C.H.I., all these should positively impact our profitability as we fully utilize and integrate these products into our Construction Solutions portfolio. John is a proven leader. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". View original content:https://www.prnewswire.com/news-releases/nucor-announces-leon-j-topalian-as-chair-of-the-board-of-directors-names-christopher-j-kearney-lead-independent-director-301625534.html, Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . I think the underlying demand, the consumable spending appetite in this country still remains fairly high. Again, fabricators are a big part of that plate business. Leon Topalian is CEO of Nucor Corp. 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. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. Over the years, weve developed a strong partnership with Nucor, and I look forward to seeing our relationship expand with this new venture.. Hey. 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. So, our opportunity really isnt to move or look for other large garage door companies. And heres why. Past performance is a poor indicator of future performance. Other key executives at Nucor Corp include Thu, Jan 26 20236:56 PM EST. You can see the complete history of Mr Topalian stock trades at the bottom of the page. We are grateful for the excellent job they do for employers like Nucor and others across the area.. 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. Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. team and welcoming them to the Nucor family and what theyre doing in that business segment. 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 . There are indicators that we have come off the high in some of these businesses as far as backlogs. 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 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. We welcome John to the executive team. , NewsBreak provides latest and breaking news about Leon Topalian. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Learn More about insider trades at Nucor. That -- the new equipment, were capable of 73.5 inches. Mr. Leon J. Topalian is 55 years old, born in 1968. 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.. We are not atrading platform and do not offer tobuy stock or sell any security. "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. But its certainly not without looking as well as some of the headwinds that are coming from an economy standpoint in the marketplace of interest rates and inflation. Describe your leadership style and how you put it into action within your organization. Theres no overhang or buildup of pigs. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Absolutely. Wrexham AFC fans out in force to bag pre-sale Kings of Leon tickets. But how are market participants acting now? sale Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. Also during the second quarter, we completed our purchase of C.H.I. ASU student authors, illustrates superhero comic book. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. today. Charlotte, North Carolina-based Nucor established the new business unit after its 2022 acquisition of Summit Utility Structures LLC and Sovereign Steel Manufacturing LLC, which produces metal poles and other steel structures for utility infrastructure and highway signage. offer you some insulation from the traditional cyclicality of steelmaking. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. Contributions from tubular products and metal buildings were aided by both, higher volumes and higher pricing during the quarter. And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? But well gauge that to what the market is doing off of that. Good afternoon, Leon and team. 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. And Steve, do you want to touch on sort of our CapEx for the balance of the year and how were looking? And Id say thats just not chasing the cheap tons. The expansion will add about 1.4 million. 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. 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. where Nucor has a long history and presence throughout the state," said Leon Topalian, Chair, President and CEO of Nucor Corp. "As America's most diverse industrial manufacturer of steel products, we will be able to . Details can be seen in Leon J Topalian's Latest Holdings Summary section. 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. [Operator Instructions] And well first hear from Curt Woodworth of Credit Suisse. Timna, where we see, maybe a little more color. Let me start off with our steel products businesses. Enter your email address below to get our daily insider buying and selling report. Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. For example, our Nucor Steel Gallatin modernization and expansion project is now fully operational, having completed the last of their project-related outage work on June 6th. But for Gallatin, completed our second quarter outage. 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. as Pres, Chief Executive Officer & Director in Nucor Corporation. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. It is a true vote of confidence in our community when an existing business decides to further expand its operations here. The first, Hickmans Gen 3 galv line was completed this past December. 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. The largest trade he's And while thats the forecast and its easy to say that, I truly believe that. I will ask Rex Query, our EVP of Sheet and Tubular, to give an update on Gallatin. 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