Nucor Corporation (NYSE:NUE) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET

Company Participants

Jack Sullivan - General Manager and IR
Leon Topalian - Chair, President and CEO
Steve Laxton - EVP and CFO
Dave Sumoski - COO
Noah Hanners - EVP, Raw Materials
Al Behr - EVP, Plate and Structural Products
Brad Ford - EVP, Fabricated Construction Products
Chad Utermark - EVP, New Markets and Innovation
John Hollatz - EVP, Bar and Rebar Fabrication

Conference Call Participants

Bennett Moore - JPMorgan
Martin Englert - Seaport Research Partner
Tristan Gresser - BNP Paribas
Chris LaFemina - Jefferies
Philip Gibbs - KeyBanc Capital Markets
Alex Hacking - Citi
Timna Tanners - Wolfe Research
Martin Englert - Seaport Research Partner

Operator

Good morning and welcome to Nucor's Second Quarter 2024 Earnings Call. [Operator Instructions] Today's call is being recorded. [Operator Instructions]

I would now like to turn or introduce Jack Sullivan, General Manager of Nucor Investor Relations. You may begin your call.

Jack Sullivan

Thank you, and good morning, everyone. Welcome to Nucor's second quarter earnings review and business update. Leading our call today is Leon Topalian, Chair, President and CEO; along with Steve Laxton, Executive Vice President and CFO. Other members of Nucor's executive team are also here to participate during the Q&A portion of today's call.

We've posted our second quarter earnings release and investor presentation to the Nucor Investor Relations website, and we encourage you to access these materials as we'll cover portions of them during the call.

Today's discussion will include the use of non-GAAP financial measures and forward-looking information within the meaning of securities laws. Actual results may be different than forward-looking statements and involve risks outlined in our Safe Harbor statement and disclosed in Nucor's SEC filings. The appendix of today's presentation includes supplemental information and disclosures along with a reconciliation of non-GAAP financial measures.

So with that, we'll begin the call over to Leon.

Leon Topalian

Thanks, Jack, and welcome, everyone.

I'd like to begin by highlighting two recent changes to our executive team. In June, Doug Jellison retired after 33 years with Nucor. Doug worked across many of our businesses and made tremendous contributions to Nucor over the three decades he was part of our team, most recently as EVP for Strategy. We wish Doug, [Luana] and his entire family the very best in retirement.

And in May, Randy Spicer was promoted to Executive Vice President to run our bar and engineered bar businesses. Randy is a talented leader who has most recently served as President of Nucor Tubular Products. He's been with Nucor now for more than 20 years and we are excited to have him part of our executive team.