Steel Dynamics Inc. (NASDAQ:STLD) Q1 2019 Earnings Conference Call Transcript

Apr 22, 2019 • 10:00 am ET

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Steel Dynamics Inc. (NASDAQ:STLD) Q1 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good day, and welcome to the Steel Dynamics First Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's remarks, we will conduct a question-and-answer session, and instructions will be following at that time. Please be advised, this call is being recorded today, April 22, 2019, and your participation implies consent to our recording this call. If you do not agree to these terms, please disconnect.

At this time, I would like to turn the conference over to Tricia Meyers, Investor Relations Manager. Please go ahead.

Executive
Tricia Meyers

Thank you, Brenda. Good morning, everyone, and welcome to Steel Dynamics' first quarter 2019 earnings conference call. As a reminder, today's call is being recorded, and will be available on the Company's website for replay later today.

Leading today's call are Mark Millett, President and Chief Executive Officer of Steel Dynamics; and Theresa Wagler, Executive Vice President and Chief Financial Officer. We also have leaders from some of our operating platforms, including our Metals Recycling operations, Russ Rinn, Executive Vice President; our Steel operations, Chris Graham, Senior Vice President, Long Products Steel Group; and our new flat roll steel mill and Southwest strategy, we have Glenn Pushis, Senior Vice President, Special Projects and Miguel Alvarez, Senior Vice President, Southwest US and Mexico.

Some of today's statements, which speak only as of this date, maybe forward-looking and predictive, typically preceded by believe, expect, anticipate or words of similar meaning. They are intended to be protected by the Private Securities Litigation Reform Act of 1995 should actual results turn out differently.

Such statements involve risks and uncertainties related to our steel, metals recycling and fabrication businesses as well as to general business and economic conditions. Examples of these are described in our annually filed SEC Form 10-K under the heading Forward-Looking Statements and Risk Factors found on the internet at www.sec.gov, and if applicable, in any later SEC Form 10-Q. You will also find any referenced non-GAAP financial measures reconciled to the most directly comparable GAAP measures in the press release issued this morning entitled Steel Dynamics reports first quarter 2019 results.

And now I'm pleased to turn the call over to Mark.

Executive
Mark D. Millett

Thank you, Tricia. Good morning, everyone. Welcome to our first quarter 2019 earnings call. We appreciate and value your time with us this morning.

At this point, Theresa normally provides performance insights, but I'd like to instead pause for a moment to acknowledge the recent workplace fatality that occurred in our Structural and Rail division. We are saddened and our thoughts and prayers reside with his family and friends. Although we have some of the best safety statistics in our industry, it brings little comfort at times like this.

The reason I always begin our calls with safety is because it simply cannot be stressed enough. It's our number one value, our first priority. Nothing is more important than sustaining a safe environment. We must all be continuously aware of our surroundings and the team members around