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Nucor Management Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: NUE

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.

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