Earnings Call Excerpt
Nucor Corporation (NUE)
Q1 2009 Earnings Call Transcript
April 23, 2009; 2:00 p.m. ET
Executives
Daniel DiMicco - Chairman, President and Chief Executive Officer
Terry Lisenby - Chief Financial Officer
John Ferriola - Chief Operating Officer of Steelmaking Operations
Hamilton Lott, Jr - Executive Vice President
Keith Grass - Executive Vice President
Ladd Hall - Executive Vice President
Mike Parrish - Executive Vice President
Joe Rutkowski - Executive Vice President
Joe Stratman. - Executive Vice President
Analysts
Kuni Chen - Bank of America
Luke Folta - Longbow Research
Applebaum - Michelle Applebaum Research
Timna Tanners - UBS
Wayne Cooperman - Cobalt Capital
Mark Parr - Keybanc Capital Markets
Michael Willemse - CIBC World Markets
Sal Tharani - Goldman Sachs
Mark Linima - Morgan Stanley
Presentation
Operator
Good day everyone and welcome to the Nucor Corporation first quarter earnings release conference call. As a reminder, today’s call is being recorded. Later, we will conduct a question-and-answer session and instructions will come at that time.
Certain statements made in this conference call are forward-looking statements that involve risks and uncertainties. Although Nucor believe they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy.
Some of the important factors that may cause actual results to differ from our predictions are listed in Nucor’s SEC filings. The forward-looking statements made in this conference call speak only as of this date and Nucor does not assume any obligation to update them.
For opening remarks and introductions, I would like to turn the call over to Mr. Dan DiMicco, Chairman, President and Chief Executive Officer of Nucor Corporation. Please go ahead, sir.
Daniel DiMicco
Good afternoon and thank you for joining us for Nucor’s first quarter conference call. We appreciate your interest in our company. Joining me for today’s call are the other members of Nucor’s senior management team; Chief Financial Officer, Terry Lisenby; Chief Operating Officer of our Steelmaking Operations, John Ferriola; and Executive Vice Presidents, Keith Grass, Ladd Hall, Ham Lott, Mike Parrish, Joe Rutkowski and Joe Stratman.
After reviewing Nucor’s first quarter results and our work to grow our long term profitability, we will take your questions. First and most importantly, I would like to say thank you for all members of the Nucor team for your focus on safety, continuing improvement and taking care of our customers.
These are the most challenging steel market conditions we have ever seen. It is very unfortunate and extremely frustrating that our country’s misguided economic and political policies over the past two decades have created the current financial crisis.
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