Schnitzer Steel Industries, Inc. (SCHN) F2Q2012 Earnings Conference Call April 5, 2012 11:30 AM ET Executives Alexandra Deignan - Investor Relations Tamara Lundgren - President and Chief Executive Officer Richard Peach - Senior Vice President and Chief Financial Officer Analysts Luke Folta – Jefferies Timna Tanners - Bank of America Merrill Lynch David Lipschitz – CLSA Brent Thielman - D.A. Davidson Bridget Freas - Morningstar Dan Whalen – Auriga USA PresentationOperator Good day ladies and gentlemen and welcome to the Schnitzer Steel Second Quarter 2012 Earnings Release. (Operator Instructions) I would now like to introduce our host today Ms. Alexandra Deignan, Vice President of Investor Relations. Ma’am, please go ahead. Alexandra Deignan
Thank you, Karren. Good morning, I am Alexandra Deignan, the company’s Investor Relations contact. I would like to thank everyone for taking the time to join us today. In addition to today’s audio comments, we have prepared a set of slides that you can access on our website at www.schnitzersteel.com or www.schn.com. Before we get started, let me call your attention to the detailed Safe Harbor statements on slide 2, which are also included in our press release as of today and in the company’s most recent Form 10-K. These statements, in summary, say that in spite of management’s good faith, current opinions on various forward-looking matters, circumstances can change and not everything we think will happen always happens. Please note that we will be discussing some non-GAAP measures during our presentation today. We have included a reconciliation of those metrics to GAAP in the appendix of our slide presentation.