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March 28, 2012 9:00 am ET
Joseph Alvarado - Chief Executive Officer, President and Member of The Board of Directors
Barbara R. Smith - Chief Financial Officer and Senior Vice President
Kuni M. Chen - CRT Capital Group LLC, Research Division
Luke Folta - Jefferies & Company, Inc., Research Division
Michael F. Gambardella - JP Morgan Chase & Co, Research Division
Evan L. Kurtz - Morgan Stanley, Research Division
Timna Tanners - BofA Merrill Lynch, Research Division
Brent Thielman - D.A. Davidson & Co., Research Division
Timothy P. Hayes - Davenport & Company, LLC, Research Division
Charles A. Bradford - Bradford Research, Inc.
Philip Gibbs - KeyBanc Capital Markets Inc., Research Division
Michelle Applebaum - Steel Market Intelligence Inc
Luke McFarlane - Macquarie Research
Aldo J. Mazzaferro - Macquarie Research
Hello, and welcome, everyone, to today's Commercial Metals Company Second 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 will provide information other than historical information and will include statements concerning the company's future prospects, revenues, expenses or profits.
These statements are forward-looking statements and may involve speculation and are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties are described in CMC's latest 10-Q and 10-K available on both the company's and the SEC's website.