Worthington Industries, Inc. (NYSE:WOR) Q1 2023 Earnings Conference Call September 29, 2022 8:30 AM ET

Company Participants

Marcus Rogier - Treasurer and IR Officer

Andy Rose - President & CEO

Joseph Hayek - CFO

Conference Call Participants

Martin Englert - Seaport Research Partners

Phil Gibbs - KeyBanc Capital Markets

Seth Rosenfeld - BNP Paribas

Katja Jancic - BMO Capital Markets

John Tumazos - JTI Research

Operator

Good morning, and welcome to the Worthington Industries First Quarter Fiscal 2023 Earnings Conference Call. All participants will be able to listen-only until the question-and-answer session of the call. This conference is being recorded at the request of Worthington Industries. If anyone objects, you may disconnect at this time.

I'd now like to introduce Marcus Rogier, Treasurer and Investor Relations Officer. Mr. Rogier, you may begin.

Marcus Rogier

Thank you, Rob. Good morning, everyone, and welcome to Worthington Industries first quarter fiscal 2023 earnings call. On our call today, we have Andy Rose, Worthington's President and Chief Executive Officer; Joe Hayek, Worthington's Chief Financial Officer; and Geoff Gilmore, Worthington's Chief Operating Officer.

Please note, given the business separation announcement we made earlier this morning, our prepared remarks will be longer than normal. For the Q&A portion of our call, we ask that participants limit their initial questions to our quarterly results in order to allow everyone the opportunity to ask questions. And then to re-queue for questions related to the separation. In addition, we have posted a slide presentation to our Investor Relations website, which provides more information on the planned separation.

Before we get started, I'd like to remind everyone that certain statements made today are forward-looking within the meaning of the 1995 Private Securities Litigation Reform Act. These statements are subject to risks and uncertainties that could cause actual results to differ from those suggested. We issued our earnings release earlier this morning. Please refer to it for more detail on those factors that could cause actual results to differ materially.

Today's call is being recorded and a replay will be made available later on our worthingtonindustries.com website.

At this point, I will turn the call over to Andy to kick things off.

Andy Rose

Thank you, Marcus. Good morning, everyone. In addition to releasing our first quarter results this morning, we announced exciting news that we are pursuing a separation of our Steel Processing Business into a new public company, creating two distinct market-leading companies. It's an exciting day for Worthington. Joe is going to start with our first quarter results and then I'll discuss the separation in more detail. Joe?