AK Steel Holding Corporation ( AKS) Q4 2010 Earnings Call January 25, 2011, 11:00 am ET Executives James Wainscot - Chairman, President and CEO Albert Ferrara, Jr - SVP of Finance and CFO Analysts John Felham - Citi Luke Folta - Longbow Research Michael Gambardella - JPMorgan Charles Bradford - Bradford Research Michelle Applebaum - SMI Mark Parr - KeyBanc Capital Markets Evan Kurtz - Morgan Stanley Sal Tharani - Goldman Sachs Dave Katz - JPMorgan Justin Fisher - Goldman Sachs PresentationOperator
Good morning, ladies and gentlemen, and welcome to AK Steel’s fourth quarter and full year 2010 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. (Operator instructions) As a reminder, this conference call is being recorded. With us today are Mr. James L. Wainscott, Chairman, President and Chief Executive Officer of AK Steel; and Mr. Albert E. Ferrara, Jr., Senior Vice President of Finance and Chief Financial Officer. At this time, I will turn the conference call over to Mr. Ferrara. Please go ahead, sir. Albert Ferrara, Jr Thank you, Patty, and good morning, everyone. In a moment, I’ll review our fourth quarter and full year financial results as well as provide some guidance for the first quarter and full year of 2011. Following my remarks, Jim will offer his comments and field your questions. Our comments today will include forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Included among those forward-looking statements will be any comments concerning our expectations as to future shipments, product mix, prices, costs, operating profit and liquidity.