Learn More about insider trades at Nucor. of 57,932 shares. 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. There are indicators that we have come off the high in some of these businesses as far as backlogs. of Section 2.2 as "other steel, iron, or. Nucor has an additional $3.6 billion of approved and in-process organic growth investments that will be completed by 2025. Great. While joist and deck shipments were down from the first quarter, higher prices more than offset the decline in volumes. And then, Steve, if you would, on the CapEx? 69-year-old suffered stroke in his N.C. home; Realtor showing house left him there. I know you said that you were looking to shore up maybe more overhead garage stores to kind of get more critical mass like you did with the tubulars -- structural tubing in the past. The Topalian family could now bring home their two newest additions. But again, the consumptive side, really, really strong. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. Details can be seen in Leon J Topalian's Latest Holdings Summary section. Yes. 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%. So, in terms of the volumes, yes, its coming off 19%. They remain strong with strong backlogs. Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. 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. There are 17 older and 3 younger executives at Nucor. And how do you see working capital evolving in the coming quarters? He has earned $13,035,624 So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. That makes sense. Alabama offers world-class companies like Nucor all the advantages they need to find success, including a skilled workforce, a pro-business environment and a solid support system, said Governor Ivey. Chart Data in Insider Trading History Table. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. Learn More on Nucor's active insiders. We came through so much, but they are here because of answered prayers.. Nucor is, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Nucor Provides One-Year Update on New West Virginia Sheet Mill, Nucor to Build New Transmission Tower Production Plant in Alabama. Nucor can also be reached via phone at (704) 366-7000 and via email at paul.donnelly@nucor.com. Before we get to our second quarter results, I want to highlight some changes we've made to our executive. We want the transfer price to reflect the market price into the steel mills, so that will reflect in those segment reporting. Thanks, Leon. So just wondering if you could talk to kind of what youre seeing in those markets and maybe long products more broadly and then how you think about plate volumes into 23 with respect to ramping Brandenburg. 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. Chad, why dont you just kind of break through a little bit of that split and how thats looking, whats our forecasting into Q3 and Q4? Hannibal Industries is in doing that. 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. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. 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. My No. And in some of our businesses, our backlogs are still at record levels. From market futures to live price updates CNBC is the leader in business news worldwide. What weve seen today would be very little through the cycle of the overall volume, but Ill let Rex touch more on that. 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. And how deep is your pipeline of potential targets right now? You asked about capital for the remainder of the year. And then, the C.H.I. Cornerstone and the insulated metal panel building business is doing that. Nucor Corp (NUE) In addition, he makes $5,953,180 as Pres and CEO & Director at Nucor. Weve awarded our significant portions of civil and concrete work. 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. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. Now, the other piece of that, when we look at Nucor buildings group, the Nucor buildings group does roughly about 10,000 buildings annually, just our Nucor buildings group. Fundamental company data provided by Morningstar, updated daily. And Q2, we saw much of the same. 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. Is this happening to you frequently? 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, that group continues to perform well. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Also, increased federal government support for electric infrastructure and clean energy projects will drive additional demand. We have a lot of room to grow. Then there was the realization that we were having preemies, Kim said. We continue to want to be great stewards and great shepherds to return that valuable shareholder capital. Our direct returns to shareholders for the quarter was 37% of earnings. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC. 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. So, you can back into roughly $1 billion for the second half of the year. Kurt, thank you. So the pipeline is rich. The News with Shepard Smith is CNBCs daily news podcast providing deep, non-partisan coverage and perspective on the days most important stories. Isabella and Sophia were delivered at McLeod Regional Medical Center on March 25, 2009, by Dr. Kelly Rainwater with assistance from Bridges. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Nucor Corporation executives and other stock owners filed with the SEC: Strike the best investing opportunities on the market! Turning to the outlook for the third quarter of 2022. Leon J. Topalian is the Pres, CEO & Director at Nucor. But I want to remind you how strong those highs were. As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. "I want to thank John for his numerous contributions to Nucor. on 26 Mar 2021. Our people are our strength in Morgan County, said state Sen. Arthur Orr, who serves as chairman of the Morgan County Economic Development Association. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. . We really had to struggle with that fear and we finally just had to let it go, she said tearing up. Sure, Leon. Cision Distribution 888-776-0942 This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. Match case Limit results 1 per page. Fri, Dec 9 20227:06 PM EST. 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. First, with regards to pig iron from the mills perspective, obviously, when we spoke to you a few months ago, you emphasized the strategy to derisk pig iron supply for the full year. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. "This is a critical time for the American steel industry," Topalian says. 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. The positions, which have an average annual compensation of $75,000, will be filled over a four-year period. And again, well have the capability. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. I was so excited that we had made it. 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 . 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. Working capital is obviously going to vary where you believe steel pricing is going to go across our system. 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. Thank you. This investment project is a win for Nucor, Decatur and all of Alabama.. Information on this page was last updated on 2/3/2023. 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 And the third, our new state-of-the-art plate mill in Brandenburg, Kentucky is anticipated to start at the end of the year. While this is a positive development, unfairly traded imports remain a concern for our industry. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. "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. , which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the in! 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