This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nucor Management Discusses Q2 2012 Results - Earnings Call Transcript

Now for opening remarks and introductions, I would like to turn the call over to Mr. Dan DiMicco, Chairman and Chief Executive Officer of Nucor Corporation. Please go ahead, sir.

Daniel R. DiMicco

Thank you, Toya. Good afternoon. This is Dan DiMicco, Nucor's Chairman and Chief Executive Officer. Thank you for joining us for our conference call. As always, we appreciate your interest in Nucor.

With me for today's call are the other members of Nucor's senior management team: our President and Chief Operating Officer, John Ferriola; Chief Financial Officer, Jim Frias; and our other Executive Vice Presidents, Jim Darsey, responsible for our bar group; Keith Grass, responsible for our David J. Joseph's materials, handling and scrap group; Ladd Hall, responsible for our Flat-Rolled Products group; Ham Lott, heading up our Fabricated Products group; and Joe Stratman, who's responsible for both Business Development and our Plate and Beam businesses.

First, as always, and most importantly, we want to thank everyone on our Nucor, Harris Steel, David J. Joseph, Duferdofin and NuMit/Steel Technology teams for your excellent work in today's extremely challenging economic and steel market conditions. We are tremendously proud of your unrivaled commitment to working safely, taking care of all of our customers, building a stronger and more profitable Nucor. You are and always will be Nucor's greatest asset and our true competitive advantage. Thank you all.

We also want to extend a very warm welcome to the newest addition to our Nucor family. In late June, the 481 teammates of Skyline Steel joined the Nucor team. As proven and valued partners for over 2 decades, we are extremely excited to welcome you into Nucor. Together, our combined team is uniquely positioned to grow in the steel piling business.

Skyline gives Nucor another attractive growth platform. We are bringing together the North American market leader in the production of steel piling products, Nucor, and the North American market leader in the distribution of steel piling products and some of its manufacturer, Skyline. Skyline's product portfolio includes H-piling, sheet piling and pipe piling, which it fabricates itself. It is a company and management team that we know very well. They have been one of Nucor-Yamato's most valued growth partners in this business from day 1. They are a significant consumer of our H-piling and sheet piling products. Again, welcome to all of our Nucor-Skyline teammates.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs