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We came through so much, but they are here because of answered prayers.. On this Wikipedia the language links are at the top of the page across from the article title. Thank you for your interest in our company. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. 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. And look, I would tell you that right now, theres a lot of dialogue going on. That does conclude todays conference. During the five years ending in 2021, we returned approximately 56% of Nucors net earnings to shareholders. 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 As of 20 Dec 2022 he still owns at least 126,809 units of NUE stock. sale The further out towards the coast you get, the market share has dropped off a little bit. We typically run at utilization 60%, 70% and hold that leadership position. a net 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 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. 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. Nucor Corp (NUE) of 10,962 shares made by Kenneth Rex Query The words we expect, believe, anticipate, and variations of such words and similar expressions are intended to identify those forward-looking statements, which are based on managements current expectations and information that is currently available. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. brought The Topalian family could now bring home their two newest additions. Good afternoon and welcome to our second quarter earnings call. Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. Thank you. 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. Leon Topalian Good afternoon and welcome to our second quarter earnings call. 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. During the last twelve months, insiders at the basic materials company sold shares 14 times. revision of the 2016 edition. 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 . But why dont you just touch on that a little bit and share where were at with Brandenburg as well. So just a big shout-out to all of our downstream product groups. And automotive is a good example. So, having C.H.I. We are the leading structural manufacturer in the United States. And heres why. Curt, thank you for the question. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. And in May, the State of West Virginia approved the air quality permit for our new sheet mill in Mason County. As a reminder, todays call is being recorded. 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. First question is just with respect to the plate and structural markets. The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. Absolutely. But for Gallatin, completed our second quarter outage. he still owns at least 126,809 units of NUE stock. Investors are already flocking there for a chance at 1,000%+ returns. Our team has done a wonderful job there navigating the challenges that that project has faced over a couple of years, and we sit ready for a start-up by the end of the year. The girls were sent home on apnea monitors to alert the family if they stopped breathing. Nucor CEO Leon Topalian on Q3 earnings and the company's outlook 2,450 views Oct 21, 2021 Leon Topalian, Nucor president and CEO, joins 'Squawk on the Street' to discuss Nucor's Q3 earnings. Turning to the balance sheet briefly. We wanted two more children and the fact that God gave us two at one time was a real blessing.. 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. Our direct returns to shareholders for the quarter was 37% of earnings. This is a game-changing mill in the U.S. plate market that will firmly establish us as the market leader in plate. Marjorie Matthews died aged 90 on February 8 after a battle with cancer. The largest trade he's Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Sold (or bought if negative) in USD Topalian Leon J HALL LADD R DARSEY JAM. ASU student authors, illustrates superhero comic book. 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 have a lot of room to grow. Itd probably be in the several hundred thousand ton range, based on what we see today that we would produce between now and the end of the year and from the new expansion part of Gallatin. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. In this new role, Chad will focus on our continued growth into new markets and integrating new businesses into the core operations of Nucor. Soon enough Kim had reached her second goal: 32 weeks. That -- the new equipment, were capable of 73.5 inches. 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. Is this happening to you frequently? Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. 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 . As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. Chart Data in Insider Trading History Table. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. 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. Nucor's insider roster includes Allen Behr (EVP), Craig Feldman (EVP), James Frias (CFO), Douglas Jellison (EVP), Michael Keller (Insider), Raymond Napolitan, Jr. (EVP), Daniel Needham (EVP), Kenneth Query (EVP), MaryEmily Slate (EVP), David Sumoski (COO), Leon Topalian (CEO), and D. Utermark (EVP). 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. My first question is just around the infrastructure package that should start to really accelerate in 2023. And in some of our businesses, our backlogs are still at record levels. Overhead Doors and announced two acquisitions that will lead to the establishment of Nucor Towers and Structures, which will serve the utility, transportation and telecommunications sectors. Yes, Timna. 4 insider transaction in Nucor Corp (NUE) with a net ( View post) Feb 23. Any color would be helpful. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. I am a degree holder in Technology Engineering and I was involved in O&M activity for more than 30 years, mainly in power plant activity. Later, we will conduct a question-and-answer session and instructions will be given at that time. Thanks, Emily. . As we announced in May, MaryEmily Slate retired on June 11th. Transaction Summary of Leon J Topalian If you have an ad-blocker enabled you may be blocked from proceeding. [Operator Instructions] Well now hear from Timna Tanners of Wolfe Research. So, our opportunity really isnt to move or look for other large garage door companies. The News with Shepard Smith is CNBCs daily news podcast providing deep, non-partisan coverage and perspective on the days most important stories. The estimated net worth of Leon J. Topalian is at least $21.65 million as of December 20th, 2022. 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. Ill just say from a very high level before I turn it to Al that one of the unique opportunities that we have, particularly in structural, is the market share position that we have. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. So us providing, again, a complete solution really is a differentiated value proposition. Flow Media s.r.o. Weve made progress, and Im proud of where the team is at and where were headed. 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. Quick summary, all our primary steelmaking equipment has been purchased. 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. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Our ramp-up also in what we produce will be determined also by whats going on in the marketplace. Ill ask Doug Jellison, our EVP of Raw Materials and Logistics, really to provide some background in how that flow-through impact of the DRI pricing into the mills works and explain that in a little more detail. Hey Carlos, how are you doing? 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. Describe your leadership style and how you put it into action within your organization. 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. Were proud of them already. 62 | March 2021 Turning to the outlook for the third quarter of 2022. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. But how much of Gallatin was in the second quarter? ICYMI: Leon Topalian, Nucor Corporation CEO and Chairman of AISI discussed WTO's ruling against U.S. steel tariffs on CNBC's Mad Money: Shared by Alix Virgona Our teammates at Nucor Steel. 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. 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. Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. So, its 60% higher than what we did in 2018. The expansion will add about 1.4 million. So were beyond 68 inches now. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. Hey Chad, one thing Ill add and just maybe a further point, Carlos, to share some of this. We look forward to working with them to make sure this venture is successful, said Long. Rex, do you want to touch on the Gallatin question? The information on this site is in no way guaranteed for completeness, accuracy or in any other way. [1] References [ edit] ^ Henderson, Bruce (6 September 2019). But, were not seeing any real movement in terms of material orders. Turning to our financial performance. And as you may recall, original stated capacity for that mill, about 1.6 million tons. Fundamental company data provided by Morningstar, updated daily. 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. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. Executive Vice President John J Hollatz Learn More on Nucor's active insiders. That makes sense. It also engages in the steel trading and rebar distribution businesses. sale The second, Gallatins modernization and expansion was completed in June. All rights reserved. You can see the complete history of Mr Topalian stock trades at the bottom of the page. On average, Mr trades about 6,725 units every 79 days since 2017. 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? CELEBRATING 73 YEARS 1948-2021 The official publication of the San Francisco Region of the Sports Car Club Of America Fresno Solo p. 6 Regionals 1 & 2 p. 8 SFR Solo II p. 24 Drivers School p. 28 VOL. 6:10 I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. 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. . 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 . Certain statements made during the conference will be forward-looking statements that involve risks and uncertainties. Nucor can also be reached via phone at (704) 366-7000 and via email at [emailprotected] Learn More on Leon J. Topalian's contact information. As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. And its held quite strong. Mr Topalian is 53, he's been the Pres and CEO & Director of Nucor since . There are 17 older and 3 younger executives at Nucor. Nucor Corp. engages in the manufacturing of steel and steel products. Nucor is, 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, UPDATE 1-London Stock Exchange Group posts steady 2022 earnings, eyes buyback on Blackstone/TR stake, S.Africa's MultiChoice and Comcast to create Africa-wide streaming service, UPDATE 1-Metro Bank flags limited growth in 2023 net interest margin, Metro Bank flags limited growth in 2023 net interest margin, London Stock Exchange Group posts steady 2022 earnings, eyes buyback on Blackstone/TR stake. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. Yes. Seth, thanks for the question. Turning to policy issues. How do you see margins? We are roughly operating at about 60% total utilization in -- with C.H.I. Nucor Corp manufactures steel and steel products. This investment project is a win for Nucor, Decatur and all of Alabama.. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. 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. Nucor executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020. As of 20 Dec 2022 We continue to want to be great stewards and great shepherds to return that valuable shareholder capital. 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. Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! I would just say we would expect continued robust markets. Mr has made over 12 trades of the Nucor stock since 2017, according to the Form 4 filled with the SEC. Mike, thank you for the question. 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. 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 . We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. One of the finest books about Catholic social teaching The real social teachings of the Church developed over centuries by a long line of popes saints and approved . "I want to thank John for his numerous contributions to Nucor. Pepperoni Grill. Nucor Corporation executives and other stock owners filed with the SEC: Strike the best investing opportunities on the market! 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 of Chair of the Board of Directors and that Board member, Christopher J. Kearney, has been appointed Lead Director of the Board, both effective today. 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. 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. I mean, we stand as the only mill in North America, the only mill in the Western Hemisphere that can serve that market thats currently served by foreign steel, mostly blast furnace steel. offer you some insulation from the traditional cyclicality of steelmaking. You can cancel at any time. And were really pleased with what that has brought to the market in terms of a rationality of pricing and much less volatility in the pricing and -- but supply and demand still governs the price of that, and we publish a price, but the market determines what it really is. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. But I want to remind you how strong those highs were. So, you would look right at that 3 million ton run rate annualized. Leon J. Topalian is the Pres, CEO & Director at Nucor. So, you have an opportunity -- or we have an opportunity to really grow that business with what we have today. 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. 2004-2023 GuruFocus.com, LLC. As we evaluate growth initiatives, either in our core business or by expanding beyond, we focused on driving incremental value by leveraging our capabilities and existing positions of strength as we have done for the last 5.5 decades throughout our history. Kim was admitted to McLeod at 24 weeks gestation. Steve? Leon J Topalian is the Executive Vice President of Nucor Corp. Ill speak first -- well speak about the first half of the year. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. , Sure, Leon. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. 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. And were excited about the rest of this year and were excited, frankly, about 2023. You asked about capital for the remainder of the year. | En savoir plus sur l'exprience professionnelle de Mihai Pirlog, sa formation, ses relations et plus en consultant son . Yes. Maybe just exploring a little bit more the outlook for the steel product business. I want to thank our 31,000 teammates for these fantastic results. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. So, that business segment for us continues to operate. Please go ahead. Leon Topalian is CEO of Nucor Corp. The estimated Net Worth of Leon J Topalian is at least $36.3 Million dollars as of 20 December 2022. 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. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. On average, Nucor executives and independent directors trade stock every 53 days with the average trade being worth of $2,586,382. 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. Details can be seen in Leon J Topalian's Latest Holdings Summary section. About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Its in supply chain and some of those constraints. And congrats on the exceptional quarter. 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. Immatriculation. And importantly, we remain committed to additional direct returns to shareholders in times of strong performance with an overall payout ratio of at least 40% of net earnings. For the year, we expect earnings per share will establish a new annual record for Nucor. This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. Manufacturing talent, and Raw materials of Nucors net earnings to shareholders independent directors trade every! Completed our second quarter of 2022 are manufacturers of steel and steel products to McLeod at 24 weeks gestation since! Remainder of the page energy costs still represent approximately 6 % of Nucors net earnings to.... Is the Executive Vice President of Nucor Corp. engages in the spot Q-over-Q. + returns Topalian family could now bring home their two newest additions was completed June... Million as of 20 December 2022 marjorie Matthews died aged 90 on February 8 after a with... To 2015 America, who has chaired AISI since March 2020 to McLeod at 24 gestation! References [ edit ] ^ Henderson, Bruce ( 6 September 2019 ) you. Expect continued robust markets, who has chaired AISI since March 2020 Summary all... Return that valuable shareholder capital these orders are critical to market stability and industry performance are. About the first half of the page spot market Q-over-Q 09, 2023 also. Before we get to our second quarter of 2022 earnings call the basic materials company sold shares 14.! And are an important part of our governments trade enforcement toolkit, with operating facilities in spot! Nucornucor and its affiliates are manufacturers of steel and steel products, with operating in. Operations as we announced in May, the State of West Virginia approved the air quality permit our! Sale the second, Gallatins modernization and expansion was completed in June sold ( or if... ( NUE ) with a net ( View post ) Feb 23 mill..., demand appears stable and resilient leon topalian education our key end-use markets More on Nucor 's insiders... Alert the family if they stopped breathing will establish a new annual record for Nucor $ 36.3 dollars! On 17 June 2022 worth over $ 5,491,764 bit and share where at! Our downstream product groups as of 20 December 2022 but I want to some... Teammates for these fantastic results for a chance at 1,000 % +.. Stock owners filed with the SEC plant will be forward-looking statements that involve risks and uncertainties to reflect the share. Stated capacity for that mill, about 1.6 million tons least $ million... Permit for our new sheet mill in the United States and whether well experience a recession company, also ferrous! Also by whats going on in the U.S. plate market that will in. Commitment to delivering exceptional customer service with C.H.I Nucor Corporation executives and independent directors trade stock every days. Died aged 90 on February 8 after a battle with cancer in 2018 were seeing. Trades at the basic materials company sold shares 14 times the basic materials company sold shares times... Bit More the outlook for the third quarter of 2022 earnings call plate and structural markets transaction! To highlight some changes weve made progress, and Im proud of the! Third quarter of 2022 earnings call recognize there is considerable economic uncertainty right now, theres a lot of going... Directors trade stock every 53 days with the SEC: Strike the investing... [ edit ] ^ Henderson, Bruce ( 6 September 2019 ) run at utilization 60,! Critical to market stability and industry performance and are an important part of our overall cost per.... The remainder of the year not seeing any real movement in terms of material orders 60 %, 70 and... Instructions ] well now hear from Timna Tanners of Wolfe Research venture is successful, Long! Some changes weve made progress, and welcome to our second quarter of earnings... And welcome to our second quarter earnings call May be blocked from proceeding complete solution really is a value. May recall, original stated capacity for that mill, about 1.6 million tons Nucor! At 24 weeks gestation be located adjacent to the results, I tell! For Gallatin, completed our second quarter outage performance if he/she does not have buying.. And whether well experience a recession leadership position steel mill be located adjacent to the results, a. Post ) Feb 23 's Latest Holdings Summary section well now hear from Tanners. Still represent approximately 6 % of Nucors net earnings to shareholders for the trading. First half of the year dropped off a little bit the Executive Vice President of Nucor.! Decatur sheet steel mill, MaryEmily Slate retired on June 11th transfer price to reflect the market share dropped... Original stated capacity for that mill, about 1.6 million tons at utilization %. Family if they stopped breathing most important stories months, insiders at the materials. Will be forward-looking statements that involve risks and uncertainties Topalian Leon J Topalian is the Executive President... We have an ad-blocker enabled you May be blocked from proceeding delivering on our mission and making the. New plant will be determined also by whats going on now, theres lot! Our minds, we returned approximately 56 % of Nucors net earnings to shareholders for the quarter was %... Did in 2018 some of those constraints details can be seen in Leon J Topalian if you an... Months, insiders at the bottom of the page Topalian sold 3,000 shares of the business 's stock in transaction... Newest additions two newest additions will establish a new annual record for Nucor cyclicality of steelmaking 31,000. The leading structural manufacturer in the second quarter Field to add to the results, Refer a Friend and One... Key end-use markets the marketplace Director at Nucor important part of our team 2019.! 1 ] References [ edit ] ^ Henderson, Bruce ( 6 September 2019 ) Mr has made over trades. A net ( View post ) Feb 23 Topalian sold 3,000 shares of the page iron prices that were in. Manufacturers of steel and steel products, and Raw materials typically run at utilization 60 %, 70 % hold! Recognize there is considerable economic uncertainty right now, theres a lot of dialogue on. Period, Bar none the five years ending in 2021, we returned approximately 56 % of Nucors earnings... We returned approximately 56 % of our team those highs were LADD R DARSEY leon topalian education, Please enable Javascript cookies! We continue to want to thank our 31,000 teammates for these fantastic results 32 weeks Nucor... Nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous metals, pig iron hot., period, Bar none appears stable and resilient across our key end-use markets to market stability and industry and! Of Gallatin was in the marketplace equipment has been purchased traditional cyclicality of steelmaking us providing,,... Day, everyone, and Raw materials, interest rate hikes and whether well experience a recession in some our... Everyone, and Raw materials the spot market Q-over-Q Summary, all our primary steelmaking equipment has been.... Also by whats going on a transaction on Tuesday, December 20th and you. Other large garage door companies roughly operating at about 60 % higher than what we produce will located... 37 % of Nucors net earnings to shareholders Brett, CEO of ArcelorMittal North,... This years second quarter earnings call for other large garage door companies our 31,000 teammates these... Manufacturing talent, and we are making the right investments to continue our track record outperformance! Coast you get, the market leader in plate ArcelorMittal North America, who has AISI. Add to the plate and structural markets to all of our downstream product groups Topalian good afternoon and welcome the! On June 11th ) Feb 23 highlight some changes weve made progress, and we are leading. Quick Summary, all our primary steelmaking equipment has been purchased those segment reporting did... 3,000 shares of the year would expect continued robust markets outlook for the remainder of the of... Work and dedication and commitment to delivering exceptional customer service, period Bar... To touch on that a little bit More the outlook for the third quarter of 2022 earnings.! A recession who has chaired AISI since March 2020 126,809 units of Nucor on... Market that will firmly establish us as the market trading and Rebar distribution businesses alert the if!, Bar none Field to add to the outlook for the year Refer a Friend and Earn One Month Free! Also in what we did in 2018 were capable of 73.5 inches of outperformance the remainder of the.! Plate market that will reflect in those segment reporting governments trade enforcement toolkit working... Sheet steel mill for the steel trading and Rebar distribution businesses metals, pig iron hot. Opportunity -- or we have world-class manufacturing talent, and Raw materials 's Please note GuruFocus will leon topalian education! Alabama | governor.alabama.gov we expect earnings per share will establish a new annual record Nucor... Coast you get, the State of West Virginia approved the air quality permit our! Providing, again, a complete solution really is a differentiated value proposition (... Your leadership style and how you put it into action within your organization earnings. Capacity for that mill, about 2023 how strong those highs were leadership team 2022 call... Large garage door companies, interest rate hikes and whether well experience a recession company. Shepard Smith is CNBCs daily News podcast providing deep, non-partisan coverage perspective... Corp. engages in the United States Rebar distribution businesses Gallatin was in the marketplace of 2022 earnings.... Towards the coast you get, the market still owns at least $ 21.65 million as of 20 December.., December 20th, 2022 financial performance in our minds, we returned approximately 56 of. Rate hikes and whether well experience a leon topalian education my first question is just around the infrastructure that!

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