Nucor Corporation (NUE) Q2 2022 Earnings Call Transcript

For the period ending July 2, 2022

July 21, 2022 2:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, everyone, and welcome to the Nucor Corporation Second Quarter of 2022 Earnings Call. As a reminder, today’s call is being recorded. Later, we will conduct a question-and-answer session and instructions will be given at that time.

Certain statements made during the conference will be forward-looking statements that involve risks and uncertainties. The words we expect, believe, anticipate, and variations of such words and similar expressions are intended to identify those forward-looking statements, which are based on management’s current expectations and information that is currently available. Although Nucor believes they are based on reasonable assumptions, there can be no assurance that future events will not affect their accuracy.

More information about the risks and uncertainties relating to these forward-looking statements may be found in Nucor’s latest 10-K and subsequently filed 10-Qs, which are available on the SEC’s and Nucor’s website. The forward-looking statements made in this conference call speak only as of this date, and Nucor does not assume any obligation to update them, either as a result of new information, future events or otherwise.

For opening remarks and introductions, I would like to turn the call over to Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Please go ahead, sir.

Leon Topalian - President and CEO

Good afternoon and welcome to our second quarter earnings call.

Before we get to our second quarter results, I want to highlight some changes we’ve made to our executive leadership team. As we announced in May, MaryEmily Slate retired on June 11th. MaryEmily is a dedicated and exceptional leader, and we thank her for her more than 21 years with Nucor. Her impact on our teams across the enterprise contributed greatly to Nucor’s success and profitable growth. The Nucor team wishes the very best for you, MaryEmily and your family, and you will always be a tremendously valued member of the Nucor family.

With MaryEmily’s retirement, Dan Needham has assumed the role of EVP of Commercial. John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. John is a proven leader. Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. We welcome John to the executive team.