Steel Dynamics Inc's (STLD) CEO Mark Millett on Q2 2022 Results - Earnings Call Transcript

Steel Dynamics, Inc. (NASDAQ:STLD) Q2 2022 Earnings Conference Call July 21, 2022 9:00 AM ET

Company Participants

David Lipschitz – Director, Investor Relations

Mark Millett – Chairman and Chief Executive Officer

Theresa Wagler – Executive Vice President and Chief Financial Officer

Conference Call Participants

Emily Chieng – Goldman Sachs

Seth Rosenfeld – BNB Paribas

Carlos De Alba – Morgan Stanley

Timna Tanners – Wolfe Research

Phil Gibbs – KeyBanc

Andrew Keches – Barclays

Operator

Good day, and welcome to the Steel Dynamics Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. After management’s remarks, we will conduct a question-and-answer session and instructions will follow at that time. Please be advised this call is being recorded today, July 21, 2022, and your participation implies consent to our recording this call. If you do not agree to these terms, please disconnect.

At this time, I would like to turn the conference over to David Lipschitz, Director, Investor Relations. Please go ahead.

David Lipschitz

Thank you, Holly. Good morning and welcome to Steel Dynamics second quarter 2022 earnings conference call. As a reminder, today’s call is being recorded and will be available on our website for replay later today. Leading today’s call are Mark Millett, Chairman and Chief Executive Officer of Steel Dynamics; and Theresa Wagler, Executive Vice President and Chief Financial Officer. The other members of our senior leadership team are joining us on the call individually.

Some of today’s statements, which speak only as of this date, may be forward-looking and predictive, typically preceded by believe, expect, anticipate or words of similar meaning. They are intended to be protected by the Private Securities Litigation Reform Act of 1995 should actual results turn out differently. Such statements involve risks and uncertainties related to integrating or starting up new assets, the aluminum industry, the use of estimates and assumptions in connection with anticipated project returns and our steel, metals recycling and fabrication businesses as well as to general business and economic conditions.

Examples of these are described in the related press release as well as in our annually filed SEC Form 10-K under the headings Forward-looking Statements and Risk Factors found on the Internet at www.sec.gov and, if applicable, in any later SEC Form 10-Q. You will also find any referenced non-GAAP financial measures reconciled to the most directly compared GAAP measures in the press release issued yesterday entitled Steel Dynamics Reports Record Second Quarter 2022 Results.