Steel Dynamics, Inc.

Good day and welcome to the Steel Dynamics First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's remarks, we'll conduct a question-and-answer session, and instructions will follow at that time. Please be advised this call is being recorded today, April 24, 2024, and your participation implies consent to our recording of this call. If you do not agree to these terms, please disconnect. At this time, I'd like to turn the conference over to David Lipschitz, Director, Investor Relations. Please go ahead.

Thank you, Matthew. Good morning, and welcome to Steel Dynamics' first quarter 2024 earnings conference call. As a reminder, today's call is being recorded and will be available on our website for replay later today. Leading today's call are Mark Millett, Chairman and Chief Executive Officer of Steel Dynamics, Teresa Wagler, Executive Vice President and Chief Financial Officer, and Barry Schneider, President and Chief Operating 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 and assumptions in 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 annually filed SEC Form 10-K, under the heading 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'll 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 First Quarter 2024 Results. Now I'm pleased to turn the call over to Mark.

Thanks, David. Good morning, everybody. It's good to be with you for our first quarter 24 earnings call today. Once again, our teams achieved a strong first quarter financial and operational performance. Quarterly steel shipments were a near record 3.3 million tons. The team successfully began operating our four new value-added flat-roll steel coating lines, which adds about 1.1 million tons of higher-margin product diversification to our portfolio. The Sinton team continues to make significant headway, hitting record milestones and achieving positive EBITDA for the quarter, with significant improvements on the way. And we're also making fast progress on our aluminum flat-roll investments. There continues to be strong commercial support for a new and innovative supply chain solution provided by Steel Dynamics, as we're a well-known and highly regarded metals producer. And financially, the team continues to excel. They consistently achieve superior financial metrics and best-in-class return on invested capital. It's a product of their passionate can-do performance-driven culture and our high-margin value-added growth strategy. A stark and persuasive indicator of the effectiveness of our business model is our relative EBITDA per employee generation, which is substantially higher than any of our competition. I'm incredibly proud of the Steel Dynamics team. They are the foundation of our company and they drive our success, and I'm proud to stand among them. They are special and we're focused on providing the very best for their health, safety, and welfare. We're actively engaged in safety at all times and at every level of our company. keeping safety top of mind and an active conversation each and every day. Despite excellent safety performance compared to industry peers, there's more to do. We will not rest until we consistently achieve our goal of zero injuries. But with that, Teresa, would you like to give us some color on the quarter?