Were you ultimately forced to lock in some high-priced deliveries that might be arriving even though spot has declined sharply? Enter your email address below to get our daily insider buying and selling report. Hey. Above is the net worth, insider trading, and ownership report for Leon J Topalian. That -- the new equipment, were capable of 73.5 inches. Thanks, Emily. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. The most recent stock trade was executed by Kenneth Rex Query on 3 February 2023, trading 1,962 units of NUE stock currently worth $349,216. 62 | March 2021 sale When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Yes. The largest of these is our West Virginia sheet mill. Mr Topalian is 53, he's been the Pres and CEO & Director of Nucor since . We really had to struggle with that fear and we finally just had to let it go, she said tearing up. Great. We hope this strike an arc, as a matter of fact, on the hot side even yet in the next literally day or two. Thank you. Weve certainly been seeing a little bit more of a buyer strike type of activity from -- on the customers and as it relates to sort of hot-rolled. Her parents moved into the Topalians home in Florence to take care of the household while Leon was in Charlotte for work during the weekdays. 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. This is a game-changing mill in the U.S. plate market that will firmly establish us as the market leader in plate. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. One was to kind of probe what was discussed earlier on Gallatin a little bit more. Okay, Carlos. 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. But equally, that drop in 19% for 2023 is 60% higher than what we saw our previous record year, which was 2018 prior to 2021. Chart Data in Insider Trading History Table. The oldest executive at Nucor Corp. is JosephRupp, 69, who is the Director. 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%. Is there any sort of renewed or early signs of renewed appetite to reengage here? Leon J Topalian owns 128,107 shares of Nucor Corp (NUE) as of December 20, 2022, with a value of $22 Million. And so, Ill give you that same outlook from what we said today. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. Yes. On average, Nucor executives and independent directors trade stock every 51 days with the average trade being worth of $2,903,263. We are very excited to be building this new tower production plant in Alabama, where Nucor has a long history and presence throughout the state, said Leon Topalian, Chair, President and CEO of Nucor Corp. As Americas most diverse industrial manufacturer of steel products, we will be able to efficiently supply this new plant, helping to ensure that our nations critical energy and digital infrastructure is built with the cleanest, most sustainable steel in the world.. Thank you. He has held various leadership positions throughout his Nucor career in Australia, at Nucor Steel South Carolina, Nucor Steel Kankakee, and Nucor-Yamato Steel Company. 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. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 2023? As insider, Mr. Leon J. Topalian owns shares in one company: Nucor Corporation manufactures and sells steel and steel products. 1 dividend stock for a LIFETIME of income. And Id say thats just not chasing the cheap tons. 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. Year-to-date, it is 43%. Leon Topalian best website builder Nucor has introduced Elcyon, the company's new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America's . And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? If we just look, for example, at the warehousing space, forecast by Dodge for 2023 is down about 19%. According to the SEC Form 4 filings, Leon J Topalian has made a total of Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. Quick summary, all our primary steelmaking equipment has been purchased. The core is just at the West Virginia mill, the Lexington micro mill, the expansions in Hickman and the new increases across in Kankakee and other core assets that we have. So, with regard to Gallatin, if I look at your sheet tons, youre running -- run rate less than a year ago levels. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. And youd asked about working capital. And we remain really excited about the opportunities in structural as we talk to fabricators and we talk to the what I call the consumptive demand part of the market, the folks that are buying our steel and making something out of it is still really strong. All rights reserved. Enter the email address you signed up with and we'll email you a reset link. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. The estimated Net Worth of Leon J Topalian is at least $36.3 Million dollars as of 20 December 2022. [Operator Instructions] Well now hear from Timna Tanners of Wolfe Research. 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. Our utilization remains right where wed expect it. If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. Leon J. Topalian Chair, President, and Chief Executive Officer Stephen D. Laxton Chief Financial Officer, Treasurer, and Executive Vice President David A. Sumoski Chief Operating Officer Gregory J. Murphy General Counsel and Executive Vice President - Business Services John Hollatz 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. Over the last couple of years, thats improved markedly in 21, peaked at [Technical Difficulty] 90s. Soon enough Kim had reached her second goal: 32 weeks. And you asked about 2023. Kim was admitted to McLeod at 24 weeks gestation. Bottom line in some of our business is downstream, we needed to get better. Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. Turning to the balance sheet briefly. But as we start to put the mill through its paces, well go wider and wider. 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 . It is difficult to recall everything we went through because now they are healthy and running around, Leon said. Seth, thanks for the question. And then, the C.H.I. So, in terms of the volumes, yes, its coming off 19%. Topalian twins' 'MoMo' survival proves miraculous. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. Timna, where we see, maybe a little more color. Executive Vice President Noah C Hanners Turning to the outlook for the third quarter of 2022. 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. I wanted to follow up on your M&A commentary. So, having C.H.I. Curt, thank you for the question. This became Kims goal. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. today. Our local economic development office along with its numerous partners continue to work hard to bring new industries and quality jobs to Decatur. Thank you. With regard to plate, I would say weve made several changes on how we market that product, how we take it to market, how we price it and how we lowered our order books. You probably know better than we do. 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. as Pres, Chief Executive Officer & Director in Nucor Corporation. Mr. Kearney, who was unanimously chosen by the independent directors of Nucor's Board of Directors to serve as Lead Director, has been an integral member of the Board since he joined in 2008. We came through so much, but they are here because of answered prayers.. He served as Executive Vice President of Beam and Plate Products from 2017 to 2019. It was around this time that Kim discovered she was pregnant. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We are also thankful for the approximately $125 million investment and the 200 jobs created with a compensation of around $75,000, added Bowling. Youre asking about pig iron. Just trying to square that with the volumes being lower year-over-year. Mr. Leon J. Topalian salary is $5,950,000 per year The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Have a great day. Steve? We are excited to launch our expansion of this new Nucor business in the State of Alabama.. Leon Topalian is CEO of Nucor Corp. Its in supply chain and some of those constraints. a net You have permission to edit this article. of Once in the hospital, the couple and Kims physicians decided that they would deliver by caesarean section if she made it to 32 weeks. and The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The shares were sold at an average price of $134.71, for a transaction totalling $404,130.00. And finally, thank you to our shareholders for the trusted capital that you place in our hands. As youre also aware, we closed on C.H.I. The road to this prestigious accomplishment began with a two-year fellowship at the NIH National Cancer Institute in Bethesda, MD . The company also produces direct reduced iron for use in its steel mills. . And perhaps what are the categories that are taking some of the early wins there? The information on this site is in no way guaranteed for completeness, accuracy or in any other way. So just a big shout-out to all of our downstream product groups. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. What I would say is you should expect higher highs and higher lows. CFO & Treasurer and EVP Stephen D Laxton of 57,932 shares. First thing, I want to acknowledge the great work that the mills in our raw materials group has done over the last six months, tremendous flexibility and execution to react to the changes in the supply chain. The second, Gallatins modernization and expansion was completed in June. The other side of it and the other filter that we look for is how do we continue to provide sweeping solutions in construction, in energy, in automotive, so that when our commercial teams go and meet with the architects, engineers, owners, VCs, they can say weve got the entire solution for you. Formerly of Topalian's Newsagents, Grange . The Topalian family could now bring home their two newest additions. Leon Topalian Good afternoon and welcome to our second quarter earnings call. Leon J Topalian is the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million . The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. And then, Steve, if you would, on the CapEx? Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. The largest trade he's Transaction Summary of Leon J Topalian And heres why. I think it will get richer as we move forward. And how deep is your pipeline of potential targets right now? That will happen during the third quarter. We are a one-stop shop and can solve the entity and entirety of their steel needs. 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. Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and have a lot to be happy about. The girls were sent home on apnea monitors to alert the family if they stopped breathing. Hey Chad, one thing Ill add and just maybe a further point, Carlos, to share some of this. 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. Overall, our steel products segment continues to benefit from strong nonresidential construction demand. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . Get up-to-the-minute news sent straight to your device. You may now disconnect. We spent about $1 billion so far. Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . We get some questions or Ive got some questions over the last weeks, months what -- why are you so optimistic in the face of inflation and interest rates. Yes. Our mission, to become the worlds safest steel company, is the greatest measure of our culture and our most important value. We are not atrading platform and do not offer tobuy stock or sell any security. That segment produced $1.1 billion in operating profits for the quarter. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. Please go ahead, sir. But, could you comment a little bit more where you see the main changes? So, at $1.1 billion of net earnings for our products group, they are setting an incredibly high bar and really operating on all cylinders. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. 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. 6:10 The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. My first question is just around the infrastructure package that should start to really accelerate in 2023. 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. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. Wanna wing it $0.69 Cent wings are available now through Saturday! Thanks, Curt. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. ASU student authors, illustrates superhero comic book. 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. The election and announcement took place at AISI's board of directors meeting held at AISI headquarters, as well as virtually. Learn More about Leon J. Topalian's net worth. Ive got two points on raw material strategy, please. No stops in production. As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. 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. Learn more about Leon J. Topalian 's net worth follow up on your M & commentary. Our steel products to get our daily insider buying and selling report sent home on monitors!, Treasurer & executive Vice President Engineered Bar products and Fabricated Construction products Chief! Construction products, with operating facilities leon topalian education, today, I think were going to well... 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