Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Q2 2020 Earnings Conference Call - Final Transcript

Apr 02, 2020 • 11:30 am ET

Previous

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Q2 2020 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Executive
Tamara Lundgren

our team to navigate well during an improving but still volatile quarter. Both divisions achieved higher sales volumes and benefited from strong execution of the productivity initiatives we implemented during the quarter. In addition, our strong focus on working capital management enabled us to deliver positive operating cash flow, notwithstanding higher prices for raw materials. While the near-term outlook is uncertain, our team is experienced in managing what we can control in the short-term, while continuing to execute on our longer term initiatives.

I'm very proud of how our company is reacting to this worldwide crisis, adapting to new ways of working and demonstrating the resilience and resolve that has been a hallmark of our company for over a century. By acting decisively, making the right immediate moves and asking the critical long-term questions, we will be stronger when this is all over. To all our employees, thank you for everything that you are doing to remain safe, to keep your families and friends safe and to support your colleagues, your communities, our company and our country.

Now operator lets open up the call for questions.