Allegheny Technologies (ATI)

Q4 2010 Earnings Call

January 26, 2011 1:00 pm ET


Dale Reid - Principal Financial Officer and Senior Vice President of Finance

Dan Greenfield - Director of Investor Relations & Corporate Communications

Richard Harshman - President, Chief Operating Officer and Chairman of Corporate Pension Investment Committee

L. Hassey - Chairman and Chief Executive Officer


John Tumazos - Independent Research

Gautam Khanna - Cowen and Company, LLC

Timna Tanners - UBS Investment Bank

David Martin - Deutsche Bank AG

Stephen Levenson - Stifel, Nicolaus & Co., Inc.

Luke Folta - Longbow Research LLC

Brian Yu - Citigroup Inc

Sal Tharani - Goldman Sachs Group Inc.

Chris Olin - Cleveland Research Company



Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2010 Allegheny Technologies Earnings Conference Call. My name is Keisha, and I'll be your operator for today. [Operator Instructions] I would now like to hand the call over to Mr. Dan Greenfield, Senior Director of Investor Relations and Corporate Communications. Please proceed.

Dan Greenfield

Thank you, Keisha. Good afternoon, and welcome to the Allegheny Technologies earnings conference call for the fourth quarter and full year 2010. This conference call is being broadcast on our website at Members of the media have been invited to listen to this call.

Participating in the call today are Pat Hassey, Chairman and Chief Executive Officer; Rich Harshman, President and Chief Operating Officer; and Dale Reid, Senior Vice President, Finance and Principal Financial Officer.

All references to net income and earnings in this conference call mean net income and earnings attributable to ATI. Comments on our expectations for 2011 and beyond do not include any impact from our pending acquisition of Ladish. In addition, as I am sure you appreciate, we cannot comment or entertain questions regarding Ladish since the acquisition is not yet complete. After some initial comments, we will ask for questions. During the question-and-answer session, please limit yourself to two questions to be considerate of others on the line. Please note that all forward-looking statements this afternoon are subject to various assumption and caveats as noted in the earnings release. Actual results may differ materially.

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