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USEC's CEO Discusses Q1 2012 Results - Earnings Call Transcript


Q1 2012 Earnings Call

May 2, 2012 8:30 a.m. ET


Steven Wingfield - Director, IR

John Welch - President & CEO

John Barpoulis - SVP & CFO

Philip Sewell - SVP, American Centrifuge and Russian HEU

Bob Van Namen - SVP, Uranium Enrichment

Tracy Mey – VP and Chief Accounting Officer


Jeff Cino - Jefferies & Co.

George Caffrey - JMP Securities

Bob Clutterbuck - Clutterbuck Capital Management

Richard Howard - Prospector Partners



Greetings and welcome to the USEC first quarter 2012 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the prepared remarks. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mr. Steven Wingfield, Director of Investor Relations for USEC Inc. Thank you, Mr. Wingfield. You may begin.

Steven Wingfield

Good morning. Thank you for joining us for USEC’s conference call regarding the first quarter 2012 which ended March 31st. With me today are John Welch, President and Chief Executive Officer; John Barpoulis, Senior Vice President and Chief Financial Officer; Phil Sewell, Senior Vice President; Bob Van Namen, Senior Vice President and Tracy Mey, Vice President and Chief Accounting Officer.

Before turning the call over to John Welch, I’d like to welcome all of our callers as well as those listening to our webcast. This conference call follows our earnings news release issued yesterday afternoon. That news release is available on many financial websites as well as our corporate website, All of our news releases and SEC filings, including our 10-K, 10-Qs and 8-Ks are available on our website. We intend to file our quarterly report on Form 10-Q later today. A replay of this call also will be available later this morning on the USEC website.

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