Good afternoon and welcome to our second quarter earnings call. You can help Wikipedia by expanding it. Later, we will conduct a question-and-answer session and instructions will be given at that time. 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. And Ill let you take a best guess at that. Year-to-date, it is 43%. The largest trade he's ever made was exercising 47,581 units of NUE stock on 26 Mar 2021. Yes. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. This segment also engages in the piling distribution business. Hey Chad, one thing Ill add and just maybe a further point, Carlos, to share some of this. Nucor can also be reached via phone at (704) 366-7000 and via email at paul.donnelly@nucor.com. Immatriculation. Yes. . Our direct returns to shareholders for the quarter was 37% of earnings. During the past 18 months, 171,494 shares of Nucor Corp (NUE) were sold and 0 shares were bought by its insiders, resulting in a net The quarters earnings of $9.67 per diluted share exceeded our prior quarterly record of $7.97 per share by more than 20%. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. (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. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. This situation places the babies at high risk for their umbilical cords to become entangled which could result in cord compression and possible fetal demise. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. According to the SEC Form 4 filings, Leon J Topalian has made a total of Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? 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. And its held quite strong. 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. sale [Operator Instructions] Well now hear from Timna Tanners of Wolfe Research. Our mission, to become the worlds safest steel company, is the greatest measure of our culture and our most important value. Thanks, Emily. So, were doing a full thickness slab now in a new slab, 130-millimeter. I want to mention that we support swift passage of legislation to address semiconductor manufacturing and beneficial updates to our trade laws through legislation known as Leveling the Playing Field Act 2.0. Leon Topalian is an American businessman and the president and CEO of Nucor since January 2020. Most recently, Leon J. Topalian sold 3,000 shares of the business's stock in a transaction on Tuesday, December 20th. Today, Expand Beyond is a disciplined strategy for profitable growth and value creation, just as our expansion into steelmaking was 50 years ago. The estimated net worth of Mr. Leon J. Topalian is at least $50,405,624 as of 20 Dec 2022. Thank you. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. That will happen during the third quarter. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! Learn More on Leon J. Topalian's trading history. And so, Ill give you that same outlook from what we said today. And finally, thank you to our shareholders for the trusted capital that you place in our hands. Learn More about Leon J. Topalian's net worth. Executive Vice President Noah C Hanners 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. While we are all aware of these factors, Nucors sustainable and flexible business model gives me great confidence in our ability to continue to grow and create value for our shareholders. Get notified the next time Leon J. Topalian buys or sells Nucor stock. This is a great company with a great reputation for working with us to make Morgan County a better place to live. 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. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. 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. Leon J. Topalian is the Pres, CEO & Director at Nucor. 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. The second, Gallatins modernization and expansion was completed in June. At that time, we just operated one steel mill, which was Nucor Steel Darlington. Wrexham AFC fans out in force to bag pre-sale Kings of Leon tickets. Just trying to square that with the volumes being lower year-over-year. When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. Thank you to our customers, and thank you for the trust that you place in each and every one of our Nucor teams for your business. Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. 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. side will be mostly organic growth from here. Truck and railcar availability remains a bit challenged and probably slowed up a few tons. 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. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. Leon J Topalian is 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. This record performance was driven by strength across our diversified portfolio of businesses. And perhaps what are the categories that are taking some of the early wins there? So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. 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 chart shows Leon J Topalian's buying and selling at Nucor by year and by quarter. And automotive is a good example. And with the acquisition of Summit Utility Structures and Sovereign Steel Manufacturing, weve established Nucor Towers and Structures. He died Wednesday. January 25 2023 - 09:00AM PR Newswire (US) CHARLOTTE, N.C., Jan. 25, 2023 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its. Please go ahead. And then, Steve, if you would, on the CapEx? And you asked about 2023. 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. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. Executive Vice President Engineered Bar Products and Fabricated Construction Products, Chief Financial Officer, Treasurer & Executive Vice President. Mr. Kearney has served in various positions at SPX FLOW, Inc. (a spin-off of SPX Corporation) from 2015 to 2017 (including as Non-Executive Chairman of its board of directors and as Chairman, President and Chief Executive Officer) and SPX Corporation from 1997 to 2015 (including as its Chairman, President and Chief Executive Officer, Vice President, Secretary and General Counsel and as a member of the board). 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. You probably know better than we do. Pepperoni Grill. 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. No stops in production. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. As Leon mentioned, first quarter of 2022 earnings of $7.67 per share establishes a new first quarter record, more than doubling the prior record of $3.10 set last year in the first quarter. Over the past 18 months, Were already expanded -- have expanded our slab with beyond original capabilities. 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. He has earned $13,035,624 He also receives $1,670,000 But how much of Gallatin was in the second quarter? All rights reserved. today. Cramer spoke with Nucor CEO Leon Topalian on Friday. And while thats the forecast and its easy to say that, I truly believe that. So, service centers is a big product segment. 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 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. Thank you for your interest in our company. DRI benefited from elevated metallics pricing that we use to determine transaction values between segments. of 76,357. Well, now with C.H.I., it is an incredible marriage as they continue to grow their commercial end to tie in with that dealer network with those businesses. 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