[Operator Instructions] Well now hear from Timna Tanners of Wolfe Research. And youd asked about working capital. 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. Thank you for your interest in our company. But well gauge that to what the market is doing off of that. 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. Click Here for Your Free Ultimate Dividend Package. We are a one-stop shop and can solve the entity and entirety of their steel needs. This chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. June 22, 2023, 2 p.m. CT: CEO Huddle with Karla R. Lewis, President and Chief Executive Officer, Reliance Steel & Aluminum Co. and Leon Topalian, Chairman, President and Chief Executive Officer, Nucor Corporation. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. Thank you for delivering on our mission and making 2022 the safest, cleanest and most profitable year in our history. 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 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. Thank you for your hard work and dedication and commitment to delivering exceptional customer service. 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. If we could solve the chip shortage today, I think were going to crest well over 17 million units sold. 6:10 Name Total COMPENSATION; Christopher J. Kearney: Hey. Nucor Corporation. Nucor Corp. engages in the manufacturing of steel and steel products. basket. You dont have to worry about doors or joist or deck or grading or anything else. 62 | March 2021 Past performance is a poor indicator of future performance. We appreciate the support we have received from the state and local officials in Alabama, including Governor Kay Ivey, Alabama Department of Commerce, State of Alabama State Industrial Development Authority, Morgan County Economic Development Association, Morgan County Economic Development Cooperative District, Morgan County, Decatur Industrial Development Board, City of Decatur, Decatur-Morgan County Chamber of Commerce, Hartselle Chamber of Commerce, and the Tennessee Valley Authority, said Laurent De Mey, General Manager of Nucor Towers & Structures. 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. This will be the cleanest offshore-powered steel that exists in the world, and we stand in a perfect position to serve that market. ASU student authors, illustrates superhero comic book. , 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. Thank you. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". For industrial furnaces for steel strip treatment in erection, pre-commissioning and commissioning activities for more than 6 years. So, were doing a full thickness slab now in a new slab, 130-millimeter. Other key executives at Nucor Corp include You asked about capital for the remainder of the year. 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. The second, Gallatins modernization and expansion was completed in June. "This is a critical time for the American steel industry," Topalian says. now in the portfolio continues to differentiate Nucor as a one-stop differentiated supplier that can take care of all the needs. 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. CFO & Treasurer and EVP Stephen D Laxton Immatriculation. 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. So, you have an opportunity -- or we have an opportunity to really grow that business with what we have today. 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. We expect these investments to generate at least $370 million of combined annual EBITDA, once fully ramped up at mid-cycle performance and considerably more in robust market conditions, like the ones were seeing now. We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. 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. Cash provided by operating activities during the quarter was $2.3 billion, enabling both continued investment to grow Nucors future earnings power and the return of approximately $900 million of our shareholders valuable capital via dividends and share repurchases. Yes. Couldnt be more excited about Dave Banger and his leadership team, the entire C.H.I. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. So, well be right at the 3 million-ton mark and capable of producing at nameplate capacity during the fourth quarter. So just wondering if you have any updated comments there. After spending three weeks in the NICU, the girls were eating and breathing well on their own. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. 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. Other transactions such as conversion of derivative security or exercise of options are not included. The Nucor team wishes the very best for you, MaryEmily and your family, and you will always be a tremendously valued member of the Nucor family. So, that group continues to perform well. (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. And look, I would tell you that right now, theres a lot of dialogue going on. Thank you. Learn More on Leon J. Topalian's contact information. Any color would be helpful. But that is an incredible construction solution piece. today. We have a lot of room to grow. But our market share position remains strong. I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. Fri, Dec 9 20227:06 PM EST. Mike, thank you for the question. The positions, which have an average annual compensation of $75,000, will be filled over a four-year period. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . 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. Thank you all for your participation. 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. Yes. With MaryEmilys retirement, Dan Needham has assumed the role of EVP of Commercial. {{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. So I do want to state that, and well gauge that by the demand in the marketplace. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. Leon Topalian Good afternoon and welcome to our second quarter earnings call. 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. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. But for Gallatin, completed our second quarter outage. From market futures to live price updates CNBC is the leader in business news worldwide. Cision Distribution 888-776-0942 So, we see a little bit probably leveling of pig prices through the third quarter declining into the fourth quarter. If you have an ad-blocker enabled you may be blocked from proceeding. We came through so much, but they are here because of answered prayers.. 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