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Commercial Metals' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Commercial Metals (CMC)

Q1 2012 Earnings Call

January 06, 2012 11:00 am ET

Executives

Joseph Alvarado - Chief Executive Officer and President

Barbara R. Smith - Chief Financial Officer and Senior Vice President

Analysts

Brian Yu - Citigroup Inc, Research Division

Brent Thielman - D.A. Davidson & Co., Research Division

Charles A. Bradford - Bradford Research, Inc.

Jeff Cramer

Barry Vogel

Louis Sarkes

Kuni M. Chen - CRT Capital Group LLC, Research Division

Michael F. Gambardella - JP Morgan Chase & Co, Research Division

Aldo J. Mazzaferro - Macquarie Research

Luke Folta - Jefferies & Company, Inc., Research Division

Evan L. Kurtz - Morgan Stanley, Research Division

Sal Tharani - Goldman Sachs Group Inc., Research Division

Presentation

Operator

Hello, everyone, and welcome to today's Commercial Metals Company First Quarter Fiscal 2012 Earnings Call. As always, today's call is being recorded. [Operator Instructions] I would like to remind all participants that during the course of this conference call, the company will make statements that provide information other than historical information and will included projections concerning the company's future prospects, revenues, expenses or profits. These statements are considered forward-looking statements and may involve speculation and are subject to risks and uncertainties that could cause actual results to differ materially from those -- from these projections. These statements reflect the company's beliefs based on current conditions, but are subject to certain risks and uncertainties that are detailed in the company's press release and public filings. When possible and as necessary during this call, we will identify those forward-looking statements, which are based on management's current expectations and other information that may be currently available.

Some numbers presented will be non-GAAP financial measures and reconciliations can be found in the company's press release. Although CMC believes these statements are made based on management expectations and assumptions, CMC offers no assurance that events or facts will happen as described here or are wholly accurate without exception. More information about risks and uncertainties relating to any forward-looking statements can be found in CMC's latest 10-Q and 10-K available on both the company's and the SEC's websites. And all statements are valid only as of this date. CMC does not assume any obligation to update them as a description of future events, new information or otherwise.

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