Education and Research (BMBF), Germany Non-industry 119 11,409 95.9 104 28 Journal of Clinical Oncology (14), Blood (10), Diabetes Care (9) . Mr. Leon J. Topalian is 55 years old, born in 1968. So, our opportunity really isnt to move or look for other large garage door companies. All rights reserved. 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%. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. As of 20 Dec 2022 The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Next, well hear from Michael Leshock of KeyBanc Capital Markets. Good afternoon, Leon and team. 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. 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. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . Just trying to square that with the volumes being lower year-over-year. The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. 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. $1,000 invested in Nucor when we were first listed would be worth over $1.6 million today. 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. 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. While this is a positive development, unfairly traded imports remain a concern for our industry. 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. 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 . One was to kind of probe what was discussed earlier on Gallatin a little bit more. These orders are critical to market stability and industry performance and are an important part of our governments trade enforcement toolkit. Hey Carlos, how are you doing? Turning to policy issues. Reverso Context-: 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. Fundamental company data provided by Morningstar, updated daily. 6:10 from insider trading and has received compensation worth at least Above is the net worth, insider trading, and ownership report for Leon J Topalian. The News with Shepard Smith is CNBCs daily news podcast providing deep, non-partisan coverage and perspective on the days most important stories. You may now disconnect. ASU student authors, illustrates superhero comic book. But, how much early demand are you seeing that -- from that materialize this year? Mr Topalian owns over 3,000 units of Nucor stock worth over $20,706,642 and over the last 6 years he sold NUE stock worth over $9,685,670. Our joist and deck business continued to be the largest contributor to the segments performance. . Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy. The largest of these is our West Virginia sheet mill. Ive got two points on raw material strategy, please. 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. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. He previously served as President and Chief Operating Officer of Nucor beginning in September 2019. | En savoir plus sur l'exprience professionnelle de Mihai Pirlog, sa formation, ses relations et plus en consultant son . Working capital is obviously going to vary where you believe steel pricing is going to go across our system. Yes. Leon J Topalian currently owns a total of 1 Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. Quick summary, all our primary steelmaking equipment has been purchased. 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 . Also, last week, the U.S. International Trade Commission unanimously extended antidumping and countervailing duty orders for an additional five years on imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. Absolutely. Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. The most-recent trade in Nucor Corp is the The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-03-02. 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 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. Specifically to your question on structural and plate, Ill let Al Behr, our EVP of Plate and Structural, touch on it. Topalian twins' 'MoMo' survival proves miraculous. Turning to the outlook for the third quarter of 2022. and Nucor Corporation. Hannibal Industries is in doing that. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Cision Distribution 888-776-0942 Maybe just exploring a little bit more the outlook for the steel product business. Our capital allocation priorities remain unchanged. Nucor Corp (NUE)'s detailed insider trading history can be found in Insider Trading Tracker table. And in some of our businesses, our backlogs are still at record levels. "I want to thank John for his numerous contributions to Nucor. But the overall market is still incredibly strong, and theres a lot to be optimistic about in that space. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. Leon Topalian is CEO of Nucor Corp. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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 + Al Behr Executive Vice President Plate and Structural Products + Noah Hanners Executive Vice President Raw Materials + John Hollatz Executive Vice President This segment also engages in the piling distribution business. (Chicago, IL) - The American Institute of Steel Construction (AISC) is pleased to announce the appointment of two new members to its Board of Directors: Leon Topalian, executive vice president of Nucor Corporation; and Glenn R. Tabolt, PE, president of STS Steel, Inc., Schenectady, N.Y. I think it will get richer as we move forward. It was a shock, especially the twin part. Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. And its held quite strong. He also serves as a director of Otis Worldwide Corporation (having previously served as Executive Chairman of the Otis board of directors from 2020 to 2022) and served as a director of UTC from 2018 to 2020, prior to the spin-off of Otis from UTC. Thu, Jan 26 20236:56 PM EST. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". 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. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. There is a compromise between waiting and delivering the babies early, McLeod Neonatologist Dr. Steve Bridges said. The guidance seems to suggest that it should be relatively in line with the second quarter. Fri, Dec 9 20227:06 PM EST. Overhead Doors in June. he still owns at least 126,809 units of NUE stock. The further out towards the coast you get, the market share has dropped off a little bit. Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. And the other was to ask about follow-up to the garage door acquisition. Our ramp-up also in what we produce will be determined also by whats going on in the marketplace. Weve awarded our significant portions of civil and concrete work. These . So us providing, again, a complete solution really is a differentiated value proposition. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. The company also produces direct reduced iron for use in its steel mills. 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. 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