TimkenSteel Corp (NYSE:TMST) Q1 2022 Earnings Conference Call May 5, 2022 9:00 AM ET

Company Participants

Jennifer Beeman - Senior Manager, Communications & IR

Michael Williams - CEO, President & Director

Kristopher Westbrooks - EVP & CFO

Conference Call Participants

Philip Gibbs - KeyBanc Capital Markets

Marco Rodriguez - Stonegate Capital Markets

Xin Wang - BNP Paribas

Operator

Good day, and thank you for standing by. Welcome to the Q1 2022 TimkenSteel Earnings Conference Call. [Operator Instructions]. I would now like to hand the conference over to Jennifer Beeman. Please go ahead, ma'am.

Jennifer Beeman

Thank you, and good morning, and welcome to TimkenSteel's First Quarter 2022 Conference Call. I'm Jennifer Beeman, Director of Communications and Investor Relations for TimkenSteel. Joining me today is Mike Williams, President and Chief Executive Officer; Kris Westbrooks, Executive Vice President and Chief Financial Officer; and Kevin Raketich, Executive Vice President of Sales, Marketing and Business Development.

You all should have received a copy of our press release, which was issued last night. During today's conference call, we may make forward-looking statements as defined by the SEC. Our actual results may differ materially from those projected or implied due to a variety of factors, which we describe in greater detail in yesterday's release. Please refer to our SEC filings, including our most recent Form 10-K and Form 10-Q and the list of factors included in our earnings release, all of which are available on the TimkenSteel website.

Where non-GAAP financial information is referenced, additional details and reconciliations to its GAAP equivalent are also included in the earnings release. With that, I'd like to turn the call over to Mike. Mike?

Michael Williams

Thank you, Jennifer, and I appreciate everyone joining us on the call today. During the first quarter, we delivered strong profitability despite melt shop interruptions early in the quarter. In this high demand environment, our teams performed well, and we continue to meet the needs of customers while keeping safety at the forefront. Market demand and pricing remained favorable, and we are relentlessly working to improve our commercial and manufacturing effectiveness to ensure sustainable success throughout the year and beyond.

Before I move on, let me say a few words on safety. As we said in the past, our goal is to continually drive better safety performance through sustainable improvements. We began the year by creating a set of action plans based on last year's performance and feedback from our teams, including safety leadership training, hazard awareness training and systemic improvements around life-critical safety hazards. Additionally, housekeeping and COVID-19 safety protocols continue to be a focus area.