Commercial Metals Company (NYSE:CMC) Q2 2023 Earnings Conference Call March 23, 2023 11:00 AM ET

Company Participants

Barbara Smith - Chairman, President and Chief Executive Officer

Paul Lawrence - Senior Vice President and Chief Financial Officer

Conference Call Participants

Emily Chieng - Goldman Sachs Group, Inc.

Timna Tanners - Wolfe Research, LLC

Tristan Gresser - BNP Paribas Exane

Philip Gibbs - KeyBanc Capital Markets Inc.

Lawson Winder - Bank of America Merrill Lynch

Alex Hacking - Citigroup

Operator

Hello and welcome everyone to the Second Quarter Fiscal 2023 Earnings Call for Commercial Metals Company. Today's materials, including the press release and supplemental slides that accompany this call, can be found on CMC's Investor Relations website. Today's call is being recorded. And after the company's prepared remarks, we will have a question-and-answer session and we'll have instructions at that time.

I would like to remind all participants that during the course of this conference call, the company will make statements that provide information other than historical information and will include expectations regarding economic conditions, effects of legislation, U.S. steel import levels, U.S. construction activity, demand for finished steel products, the expected capabilities, benefits and time line for construction of new facilities, the company's future operations, the timeline for execution of the company's growth plan, the company's future results of operations, financial measures and capital spending.

These and other similar statements are considered forward-looking and may involve certain assumptions and speculation and are subject to risks and uncertainties that could cause actual results to differ materially from these expectations. These statements reflect the company's beliefs based on current conditions, but are subject to certain risks and uncertainties, including those that are described in the Risk Factors and forward-looking statements section of the company's latest filings with the Securities and Exchange Commission, including the company's latest annual report on Form 10-K. Although these statements are based on management's current expectations and beliefs, CMC offers no assurance that these expectations or beliefs will prove to be correct and actual results may vary materially. All statements are made only as of this date. Except as required by law, CMC does not assume any obligation to update, amend or clarify these statements in connection with future events, changes in assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or otherwise.

Some numbers presented will be non-GAAP financial measures and reconciliations for such numbers can be found in the company's earnings release, supplemental slide presentation, or on the company's website. Unless stated otherwise, all references made to year or quarter end are references to the company's fiscal year or fiscal quarter.