Olympic Steel, Inc. Q1 2010 Earnings Call Transcript

Olympic Steel, Inc. (NASDAQ:ZEUS) Q1 2010 Earnings Call Transcript April 29, 2010 10:00 AM ET

Executives

Michael Siegal – Chairman and CEO
Richard Marabito – CFO
David Wolfort – President and COO

Analysts

Richard Garchitorena – Credit Suisse
Sal Tharani – Goldman Sachs
Jason Doches [ph] – KeyBanc Capital Markets
Nat Kellogg – Hudson Securities

Operator

Good day, ladies and gentlemen. Welcome to Olympic Steel's first quarter 2010 results conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions on how to participate will be given at that time. (Operator Instructions). As a reminder, today's call is being recorded.

At this time, I would now like to turn the conference over to your host, Chairman and CEO, Mr. Michael Siegal. Sir, you may begin.

Michael Siegal

Thank you. Good morning and welcome to our call. On the call with me this morning is David Wolfort, our President and Chief Operating Officer; and Rick Marabito, our Chief Financial Officer. I want to thank all of you for your participation and for your interest in Olympic Steel.

And before we begin our discussion, I want to remind everyone that during this call, we will provide forward-looking statements that we do not undertake to update, or that may not reflect actual results. Changes in assumptions or changes in other factors affecting such forward-looking statements, important assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those set forth in the forward-looking statements can be found in our filings with the Securities and Exchange Commission, including our 2009 Annual Report on Form 10-K, and our 2010 first quarter 10-Q, which will be filed later today.

Earlier today, we reported our financial results for the first quarter of