Steel Dynamics, Inc.

Good day and welcome to the Steel Dynamics Second Quarter 2026 Earnings Conference Call. At this time, all participants are on 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, July 21, 2026, 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' second quarter 2026 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, Theresa 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, fabrication, and aluminum 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 headings Forward Looking Statement 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 Second Quarter 2026 Results. And now I'm pleased to turn the call over to Mark.

Super. Thank you, David. And good morning, everyone. Thanks for joining us this morning for our second quarter 2026 earnings call. As reported, our teams achieved a strong second quarter financial and operational performance. The quarter highlights included record quarterly steel shipments of 3.7 million tons, adjusted EBITDA of 921 million, We have an amazing team of people that achieve best-in-class performances each and every day, and I'm just simply honored to be one of them. But sadly, one of our new team members, Elijah Jones from New Process Steel, was fatally injured in an accident that occurred while work was being performed on equipment this past April. It is gut-wrenching for everyone to experience such an event, and our prayers and thoughts continue to be with Elijah's family, friends, and teammates. We often say safety is our most important cultural pillar and value. Our world-class safety culture continues to evolve and our team's unwavering dedication to our take control of safety philosophy must continue to strengthen even further. I'm continually inspired by the commitment of our team members demonstrating towards one another. They operate as a family, supporting each other while challenging the status quo and striving for continuous improvement every day. We are resolute and committed to achieving a zero incident environment and will not be satisfied until that becomes a reality. Before I continue, I'd like Theresa and Barry to both add color to the quarter's results. So, Theresa.