Q1 2010 Earnings Call Transcript

May 5, 2010 8:30 am ET


Steve Wingfield – Director, IR

John Welch – President and CEO

John Barpoulis – SVP and CFO

Bob Van Namen – SVP, Uranium Enrichment


Laurence Alexander – Jefferies

Gabriela Bis – Goldman Sachs

Baker Burleson – Fox Point Capital



Good day, ladies and gentlemen, and welcome to the first quarter 2010 USEC, Inc. earnings conference call. My name is Diana and I'll be your operator for today. (Operator Instructions) Now, I'd like to turn the conference over to your host for today, Mr. Steve Wingfield, Director of Investor Relations. Please proceed.

Steve Wingfield

Good morning. Thank you for joining us for USEC's conference call, regarding first quarter of 2010, 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, Controller and Chief Accounting Officer.

Before I turn the call over to John Welch, I want to welcome all of our callers, as well as those listening to our webcast via the Internet. This conference call follows our earnings news release issued yesterday after the markets closed. That news release is available on many financial websites, as well as our corporate website,

I want to inform all of our listeners that our news releases and SEC filings, including our 10-K, 10-Qs and 8-Ks are available on our website. We expect to file our quarterly report on 10-Q later today. A replay of this call will also be available later this morning on the USEC website.

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