Nucor Corporation (NUE) Q3 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, everyone and welcome to the Nucor Corporation Third Quarter of 2022 Earnings Call. As a reminder, today’s call is being recorded. Certain statements made during this conference call 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 websites. 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 Mr. Leon Topalian, President and Chief Executive Officer of Nucor Corporation. Please go ahead, sir.

Leon Topalian - President and CEO

Good afternoon and thank you for joining us for our third quarter earnings call. Joining the call today are other members of Nucor’s executive team, including Dave Sumoski, Chief Operating Officer; Steve Laxton, Chief Financial Officer; Al Behr, responsible for Plate and Structural Products; John Hollatz, responsible for Bar, Engineered Bar and Rebar Fab; Greg Murphy, responsible for Business Services and our General Counsel; Dan Needham, responsible for our commercial strategy; Rex Query, responsible for Sheet and Tubular Products; and Chad Utermark, responsible for New Markets and Innovation.

As our teammates continue to serve our customers and what we anticipate will be a record year for Nucor financially, we have not lost focus on our most important goal of becoming the world’s safest steel company. After two record-setting safety years in 2020 and 2021, we are on pace for the safest year in Nucor’s history in 2022. I want to acknowledge the progress demonstrated by all of our teammates as they continue to take care of our most important value. I’d also like to thank and give a shout out to our sheet and engineered bar teams for achieving world class safety performance so far this year and I want to encourage all of our team members to maintain their focus on safety so we can again achieve our most important goal that we have set for our company.