12/19/2024

speaker
Conference Operator
Operator

Good morning and welcome to the Worthington Steel second quarter fiscal 2024 earnings conference call. This conference is being recorded at the request of Worthington Steel. If anyone objects, you may disconnect at this time. I'd now like to introduce Melissa Dykstra, Corporate Communications and Investor Relations Officer. Ms. Dykstra, you may begin.

speaker
Melissa Dykstra
Corporate Communications and Investor Relations Officer

Good morning everyone and welcome to Worthington Steel second quarter fiscal 2024 earnings call. and our first earnings call as a standalone company. On our call today, we have Jeff Gilmore, Worthington Steel's President and Chief Executive Officer, Jeff Klingler, Executive Vice President and Chief Operating Officer, and Tim Adams, Vice President and Chief Financial Officer. Before we get started, I'd like to remind everyone that certain statements made today are forward-looking within the meaning of the 1995 Private Securities Litigation Reform Act. These statements are subject to risks and uncertainties that could cause actual results to differ from those suggested. We issued our earnings release yesterday after the market closed. Please refer to it for more detail on those factors that could cause actual results to differ materially. Unless noted, as reported, today's discussion will reference non-GAAP financial measures, which adjust for certain items included in our GAAP results and which are presented on a standalone basis. You can find definitions of each non-GAAP measure and GAAP to non-GAAP reconciliations within our earnings release. Today's call is being recorded and a replay will be made available later on our website at WorthingtonSteel.com. At this time, I'll turn it over to Jeff Gilmore.

speaker
Jeff Gilmore
President and Chief Executive Officer

Thank you, Melissa. Good morning, everyone, and welcome to the first earnings call for Worthington Steel. As you know, December 1st marked our legal separation from Worthington Industries and our first day of trading as a standalone company. Wednesday, we held our first board meeting and solidified our plans for the remainder of fiscal year 2024 and into fiscal year 2025. I am confident our experienced leadership team guided by our highly qualified board as we begin our journey as Worthington Steel. I look forward to working with our executive chair, John Blystone, lead independent director, George Stowe, and the rest of our board. I'd like to thank our employees across the organization for the work they've done to get us to this exciting time in our history. Our teams continue to prove they are outstanding and dedicated to supporting our customers, suppliers, shareholders, and each other every day at Worthington Steel. I'm proud to say I am seeing examples throughout the company reflecting how we continue to use our philosophy and golden rule principles and the Worthington business system of transformation, innovation, and acquisitions to drive growth and shareholder value. Overall, we are feeling positive as we enter our first full quarter as a standalone company. We are focused on continuing to serve our customers and well positioned to capitalize on key end market trends, including the decarbonization of transportation, the transition to renewable energy and modernization of our infrastructure. Now I'll turn it over to COO Jeff Klingler for a look at our operational highlights.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

Q2WS 2024

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