Steel Dynamics, Inc.

Good day and welcome to the Steel Dynamics fourth quarter and full year 2022 earnings conference call. At this time all participants are in a listen only mode. After management's remarks we will conduct a question and answer session and instructions will follow at that time. Please be advised this call is being recorded today January 26, 2023 and your participation implies consent to our recording this call. If you do not agree to these terms, please disconnect. At this time, I would like to turn the conference over to David Lipschitz, Director, Investor Relations. Please go ahead.

Thank you, Jenny. Good morning, and welcome to Steel Dynamics' fourth quarter and full year 2022 earnings conference call. As a reminder, today's call is being recorded and will be available on our website for replay later today. Meeting today's call are Mark Millett, Chairman, President, and Chief Executive Officer of Steel Dynamics, and Theresa Wagler, Executive Vice President and Chief Financial Officer. The other members of our senior leadership team are joining us on the call individually. Some of today's statements, which speak only as of this date, may be forward-looking and predictive, typically preceded by believe, expect, anticipate, or words of similar meaning. They are intended to be protected by the Private Securities Litigation Reform Act of 1995 should actual results turn out differently. Such statements involve risk and uncertainties related to integrating or starting up new assets, the aluminum industry, the use of estimates, assumptions, and connection with anticipated project returns, and our steel, metal recycling, and fabrication businesses, as well as to general business and economic conditions. Examples of these are described in the related press release, as well as in our annual filed SEC Form 10-K under the headings Forward-Looking Statements and Risk Factors, found on the Internet at www.sec.gov, and if applicable, in any later SEC Form 10-Q. You will also find any reference non-GAAP financial measures reconciled to the most directly comparable GAAP measures in the press release issued yesterday entitled Steel Dynamics Reports Fourth Quarter and Full Year 2022 Results. And now I'm pleased to turn the call over to Mark.

Thank you, David. Good morning, everybody. Thank you for being with us for our fourth quarter and full year 2022 earnings call. As I think you saw operationally, our teams had a very, very, very solid fourth quarter. Our new Millennium Building Systems platform generated record steel fabrication earnings. Our center is showing significant operating improvement with a clear path to profitability in the second quarter of 23. Our new aluminum group is making great progress on our aluminum flat roll investments, and I'll share more details later in the call. Relative to full year 22, the entire steel dynamics delivered an exceptional performance with record sales, earnings, and cash flow generation. I think it was a tremendous achievement, and I'm incredibly proud of our team. They are the foundation of our company, and they are the ones that have truly driven our success over the years. It's their culture of excellence and the strategic positioning executed over the last number of years that allows us to maximize opportunities, resulting in higher lows and higher highs through all market cycles. However, none of this matters without keeping our team safe. Often employees are described as the company's most important resource, but for Steel Dynamics, they're more than that. They are family, and now we number over 12,000 strong. We are continually focused to provide the very best for their health, safety, and welfare. We're actively engaged in safety at all times, at every level, keeping it top of mind in an active conversation at all levels through the organization. With that focus, the team's safety performance improved significantly in 2022. but there's certainly more to do, as we will not rest until we consistently achieve our goal of zero injuries. But before I add any more detail, Teresa, would you like to give us some detailed financial results?