We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. Leon J Topalian around $404,130. . And finally, thank you to our shareholders for the trusted capital that you place in our hands. (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. Look, I think so. Other transactions such as conversion of derivative security or exercise of options are not included. . Were seeing some -- again, the word resiliency is the right word across the nonres construction businesses and you know well now in Nucor that 50% of our overall mix is into the construction sector. So, our utilization may have ticked down just slightly in the structural side. We had some outages with Gallatin as we were installing this equipment. So, that group continues to perform well. sale Energy, including renewables, has been a strong market. 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. But yes, we are seeing, again, stable demand and growing in some cases. 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. This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. 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. Year-to-date, it is 43%. Over the past 18 months, now in the portfolio continues to differentiate Nucor as a one-stop differentiated supplier that can take care of all the needs. Has Leon J. Topalian been buying or selling shares of Nucor? Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. Learn More about Leon J. Topalian's net worth. 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. more than 21 years with Nucor. Nucor can also be reached via phone at (704) 366-7000 and via email at paul.donnelly@nucor.com. Nucor Corp. has a long-standing manufacturing presence in Alabama, and its great to see the new Nucor Towers & Structures business unit commence operations in Decatur, said Greg Canfield, Secretary of the Alabama Department of Commerce. As of 20 December 2022 he still owns at least 126,809 units of Nucor stock. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Independent Contractor (Newspaper Carrier), Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, Brown, Norwood give back to their community, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, KFC is bringing back a fan favorite after a nearly 10-year hiatus, Monday Florence crash sends one person to the hospital, Moore has worked to make Florence a better place, FMU basketball signs Pee Dee Academy's Spivey, Win at Florence Center on Friday puts Hartsville boys in state title game, Hartsville boys' season ends in lower state final, Lake View girls' season ends in Class A lower-state final, PREP ROUNDUP: South Florence's Williams, Hartsville's Berghorn earn state wrestling titles, Elizabeth Holmes gives birth to second child while seeking to further delay imprisonment, Florence Police search for murder suspect, PREP ROUNDUP: FCS' Lewis tosses 5-inning no-hitter vs. Cardinal Newman. Nonresidential construction has been one of our most resilient markets across the enterprise, and we would expect that continues in 2023. Section 2.2 as "other steel, iron, or. Yes. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. Thanks, Curt. But again, the consumptive side, really, really strong. 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. We said, Lord, if you allow us to have these babies, what a miracle it will be.. Our joist and deck business continued to be the largest contributor to the segments performance. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. Appreciate your question. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. With the outages, we were a little bit under that at Gallatin, but we augmented that with other sheet mills in our group. So I do want to state that, and well gauge that by the demand in the marketplace. 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. We came through so much, but they are here because of answered prayers.. Thanks, Leon. brought Yes. And so the Live the Culture piece is easy. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. 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. 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. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. Leon J Topalian made Theres no overhang or buildup of pigs. 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. Both infants were placed on a continuous positive airway pressure machine at birth to provide oxygen. 3,000 shares on December 20, 2022, which Marjorie Matthews died aged 90 on February 8 after a battle with cancer. 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. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. sale So, with regard to Gallatin, if I look at your sheet tons, youre running -- run rate less than a year ago levels. Leon J. Topalian: CEO Pay $11,618,019: Median Employee Pay $142,635: CEO Pay Ratio 81:1: Board of Directors in NUCOR CORP. For its 2021 fiscal year, NUCOR CORP, listed the following board members on its annual proxy statement to the SEC. Every one of those buildings has somewhere between 4 and 12 to 15 doors on every building. This record performance was driven by strength across our diversified portfolio of businesses. Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. During the second quarter, Nucor funded $520 million in capital expenditures and $3.1 billion in acquisitions. he still owns at least 126,809 units of NUE stock. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. They sold a total of 106,839 shares worth more than $14,127,779.65. 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. Prior to that time, he held various leadership positions at Nucor, including President and Chief Operating Officer in 2019, Executive Vice President from 2017 to 2019, and Vice President from 2013 to 2017. You can cancel at any time. The largest of these is our West Virginia sheet mill. The most active insiders traders include Gregory Hayes, Joseph D Rupp, and Patrick Dempsey. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. But, could you comment a little bit more where you see the main changes? 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. Based on ownership reports from SEC filings, as the reporting owner, Leon J Topalian owns 1 companies in total, including Leon Topalian is CEO of Nucor Corp. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. 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. We are the leading structural manufacturer in the United States. Finally, todays headlines are full of concerns regarding inflation, interest rate hikes and whether well experience a recession. There are 17 older and 3 younger executives at Nucor. Contributions from tubular products and metal buildings were aided by both, higher volumes and higher pricing during the quarter. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. "I want to thank John for his numerous contributions to Nucor. 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. And Steve, do you want to touch on sort of our CapEx for the balance of the year and how were looking? 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. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. Nucor has grown revenues by more than 13% per year from $83 million when we were first listed on the exchange in 1972 to last years record of $36.5 billion, even as the total size of the domestic industry has shrunk. As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. Groundbreaking for the project will happen later this year. John is a proven leader. More information about the risks and uncertainties relating to these forward-looking statements may be found in Nucors latest 10-K and subsequently filed 10-Qs, which are available on the SECs and Nucors website. There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. When I took over in January of 2020, our eight-word mission statement is alive and well, and thats Grow Our Core, Expand Beyond and Live Our Culture. And Ill let you take a best guess at that. , acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. 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.