Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Commercial Metals Management Discusses Q3 2012 Results - Earnings Call Transcript

Stock quotes in this article: CMC 

Commercial Metals (CMC)

Q3 2012 Earnings Call

June 27, 2012 11:00 am ET

Executives

Joseph Alvarado - Chief Executive Officer, President and Member of The Board of Directors

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

Analysts

Evan L. Kurtz - Morgan Stanley, Research Division

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

Sohail Tharani - Goldman Sachs Group Inc., Research Division

Arun S. Viswanathan - Longbow Research LLC

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

Jonathan Sullivan - Citigroup Inc, Research Division

Mark L. Parr - KeyBanc Capital Markets Inc., Research Division

Nick Farwell

Philip Gibbs - KeyBanc Capital Markets Inc., Research Division

Charles A. Bradford - Bradford Research, Inc.

Luke McFarlane - Macquarie Research

Michelle Applebaum - Steel Market Intelligence Inc

Presentation

Operator

Hello, everyone, and welcome to today's Commercial Metals Company Third Quarter Fiscal 2012 Earnings Conference 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 include expectations regarding the company's future prospects, revenues, expenses or profits. These statements are considered forward-looking statements and may involve speculation and are subject to risk and uncertainties that could cause actual results to differ materially from those expectations. These statements reflect the company's beliefs based on current conditions but are subject to certain risk and uncertainties that are listed in the company's press release and described in the company's latest 10-K and 10-Qs. Although CMC believes these statements are made based on management's expectations and assumptions, CMC offers no assurance that events or facts will happen as expected. All statements are made only as of this date, CMC does not assume any obligation to update them in connection with future events, new information or otherwise.

Some numbers presented will be non-GAAP financial measures and reconciliations can be found in the company's press release and on the company's website. And now for opening remarks introductions, I will turn the call over to the President and CEO of Commercial Metals Company, Mr. Joe Alvarado.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs